Watch Out for the News HERE ! TIME IN GMT
Wednesday, February 24, 2010
German Final GDP: Published on Wednesday at 7:0 GMT. The zone’s largest economy has been the locomotive for growth in the middle of 2009, but failed to grow in Q4. The stagnant economy hurts the Euro. This 0% growth is predicted to be confirmed. IF the German economy contracted in Q4, this will be a blow to the Euro.
The trigger for this indicator is 0.5. This means that if GDP comes out at 0.5 or higher, EUR/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.5 or more negative, EUR/USD 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.
Today's Calendar
Wed Feb 24 | Post by SaSo
12:50am JPY Trade Balance
12:50am JPY CSPI y/y
1:30am AUD Construction Work Done q/q
1:30am AUD Wage Price Index q/q
8:00am EUR GfK German Consumer Climate
8:00am EUR German Final GDP q/q
10:00am EUR Italian Retail Sales m/m
10:25am GBP MPC Member Posen Speaks
11:00am EUR Industrial New Orders m/m
2:30pm CAD Corporate Profits q/q
4:00pm USD Fed Chairman Bernanke Testifies
4:00pm USD New Home Sales
4:00pm USD Treasury Sec Geithner Speaks
4:30pm USD Crude Oil Inventories
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