The Fundamental FOREX Blog

On Tuesday, 08-17-10 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

The EUR reports are released by the Centre for European Economic Research (ZEW)

I did not execute any trades this time – not enough difference!!

I did a “preview” post of this months report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is the set up:

EUR German ZEW Economic Sentiment Stats:

previous = 21.2

forecast = 20.9

actual = 14.0

EUR EURO-Zone ZEW Survey Economic Sentiment Stats:

previous = 10.7

forecast = 10.6

actual = 15.8

Here is how I was set up and what happened:

EUR-5-00AM-ET-08-17-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
______14.0________20.9________21.2
Out at 10.9 or less SELL EUR/USD
Out at 30.9 or more BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 6.9
Bad – “actual” came out lower then “previous” by 7.2

EUR ZEW Economic Sentiment
15.8                   10.6               10.7
Good – “actual” came out higher then “forecast” by 5.2
Good – “actual” came out higher then “previous” by 5.3

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair spiked down/up/down 1st 3 minutes about 19 PIPS/ 26 PIPS/ 13 PIPS
Moved up for 37 minutes about 43 PIPS

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair spiked down/up/down 1st 2 minutes about 16 PIPS/ 11 PIPS/ 3 PIPS
Moved up for 11 minutes about 14 PIPS
Moved down for 16 minutes about 25 PIPS

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair spiked down/up/down 1st 2 minutes about 25 PIPS/ 16 PIPS/ 8 PIPS
Moved up for 12 minutes about 34 PIPS
Moved down for 37 minutes about 27 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair spiked down/up/down 1st 2 minutes about 30 PIPS/ 17 PIPS/ 10 PIPS
Moved up for 12 minutes about 45 PIPS
Moved down for 45 minutes about 37 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down 1st 3 minutes about 16 PIPS
Moved up for 26 minutes about 37 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair  moved down 1st 3 minutes about 11 PIPS
Moved up for 26 minutes about 45 PIPS

The next reports are scheduled for Tuesday, 09-14-10 at 5:00 AM ET, I have noticed lately that schedules are sometimes changed during the time periods between scheduled reports.

I will probably post a “preview” a day or two prior.

Stay tuned!