1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal (Tue, Dec 15, 05:00 am EST) German ZEW

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 14, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there :)


    On Tuesday, Dec 15th (5:00 am New York Time) we will have German ZEW Economic Sentiment coming out. It is expected to read 51. Last month it read 51.1.

    In addition to ZEW Economic Sentiment, we will also have ZEW Current Situation Index coming out. It's not so important, and it almost never conflicts with the main report. If it does conflict, then stay out of the trade.

    Please read what this indicator means and how it affects the EUR/JPY by going to this link: http://www.forexpeacearmy.com/forex...tions/7441-german-zew-economic-sentiment.html

    The trigger for this indicator is 6. This means that if ZEW Economic Sentiment comes out at 57 or higher, EUR/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 45 or lower, EUR/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...ntiment-after-spike-retracement-strategy.html

    For example: on August 18th, German ZEW Sentiment came out at 56.1, versus an expectation of 45. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    You can study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GER ZEW Economic Sentiment

    As always, wait for my email this Friday, where I will review all successful trades of the week.

    I hope you make some money on this report

    Thanks,
    Crazy Cat
     
    #1 Crazy Cat, Dec 14, 2009
    Lasted edited by : Sep 8, 2016

Share This Page