Forex Trading Signals by Magister Pips, 2012/02/14
0500 German ZEW Economic Sentiment (-11.8 expected, -21.6 previous, -30 to 0 range)
Affliated Reports:
-German ZEW Curent Situation Index (+30.5 expected, +28.4 previous, +25.0 to +35.0 range)
-EuroZone ZEW Economic Sentiment (-32.5 previous)
-EuroZone Industrial Production m/m (-1.2% expected, -0.1% previous, -2.8% to -0.5% range)
-EuroZone Industrial Production y/y (-1.2% expected, -0.3% previous, -2.5% to -0.4% range)
This number has been recovering. Last month saw an increase from -49.4 expect to -21.6 and the
EURUSD shot up about 25 pips, which is quite a modest move however considering that the France
got downgraded a friday before this release, the eurusd was still under pressure. Last signicant
deviation was in August 2011 when a -26 expectation came with a -37.6 actual. The EURUSD dropped
about 30 pips, and took about 10 minutes before it started to recover. This one can be quick and
all happen in the 1st minute. So only trade this if you can control slippage and execution delay.
Also Eurozone Industrial Production, so if there is a conflict with ZEW then exit quicker.
If it comes out at 0 or higher, EUR/USD should rally 20-40 pips
If it comes out at -22 or lower, EUR/USD should fall 20-40 pips
Try our Forex Trading Signals via Email
Did you know that you can subscribe to our Free Forex Daily Trading Email Signals? You can subscribe from the front page. We also recommend to try our Live Forex Room where we provide Live Forex Signals and Live Futures Signals.
Go back to Forex Trading Signals main page