The Fundamental FOREX Blog

Tomorrow, Tuesday, 09-07-10 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

I did not post a report for the month of August, here is a “follow up” post on Thursday, 07-15-10 at 6:00 AM ET for the month of July, click here to see the “follow up” of these reports.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 3.2%

Forecast = 0.6%

Here is how I am set up for tomorrow:

EUR-8-00AM-ET-09-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.6%_______3.2%
Out at -0.7% or lower – SELL EUR/JPY
Out at 1.9% or higher – BUY EUR/JPY

I think I will try a trade of the EUR/JPY currency pair this time – it seemed to move better with this report.

I think the departure from the “forecast” is going to have to be big, maybe more than 2.0% either way.

I did post a “follow up” soon after this report, click here to see what happened.

The next schedule for this EUR – German Factory Orders report will be on Thursday, 10-07-10 at 6:00 AM ET.

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

Remember, “Past performances are not an indication of future results!”

Stay tuned!