The Fundamental FOREX Blog

On Wednesday 08-26-09 at 8:30 AM ET, the Core Durable Goods Orders MoM and Durable Goods Orders MoM will be released by the US Census Bureau

My last “follow up” post concerning these reports was on July 30, 2009, click here for a review.

Also a post concerning this news report was on July 3rd, 2009, click here to review.

These two reports are usually stand alone reports, it appears that this time a Canadian report will be released as well, the CAD – Corporate Profits QoQ report – should not have any affect on the currency market for these USD reports.

Here is how the reports are set up:

Core Durable Goods Orders m/m – Stats

Previous = 1.1%

Forecast = 1.1%

Durable Goods Orders m/m – Stats

Previous = -2.5%

Forecast = 3.3%

The Core Durable Goods Orders appear to have the greatest impact on the currency market, but if they both do not come out moving in the same direction, either positive or negative, there can be a conflict, who knows what may happen then.

If the Core Durable Goods comes out 2.0% above or below the “forecast” of 1.1%, I will give serious thought to a trade of GBP/JPY or EUR/JPY – of course, taking into account what the outcome of Durable Goods Orders is.

Soon after the reports have been released I will post a “follow up” report of the results.

Stay tuned!