On Friday 10-16-09 at 9:55 AM ET the University of Michigan was releasing two monthly reports, Consumer Sentiment and Inflation Expectations.
I did a “preview” of these reports on Thursday, 10-15-09, click here for a review.
Lets see how the stats turned out for this report:
USD U. of Michigan Confidence Stats:
Previous = 73.5
Forecast = 73.5 revised = 73.6
Actual = 69.4
Bad – lower then “forecast” and the “previous” by 4.1 and lower then revised “forecast” by 4.2.
USD U. of Michigan Inflation Expectations Stats:
Previous = 2.2%
Forecast =
Actual = 2.8%
Good – higher then “previous” by 0.6%.
Keep in mind, some of the traders get the U of M reports at 9:55 AM ET and others do not get them until 10:00 AM ET.
There was not really enough “actual” difference report to cause might movement in the charts – but it will be helpful to show the charts since there are two report release times.
Here are the charts:
a one minute EUR/JPY chart
This EUR/JPY currency pair at 9:55 AM ET had a minor move down, then moved up, then at 10:00 AM ET the market moved down about 50 PIPS in 59 minutes.
a one minute EUR/USD chart
This EUR/USD currency pair at 9:55 AM ET had a minor move down, then at 10:00 AM ET minor ranging.
a one minute GBP/JPY chart
This GBP/JPY currency pair at 9:55 AM ET, had a minor move up, then at 10:00 AM ET ranged for 35 minutes – then moved down.
a one minute GBP/USD chart
This GBP/USD currency pair at 9:55 AM ET, the market had a minor ranging, then at 10:00 AM ET the market ranged for 14 minutes – then moved up about 27 PIPS in 9 minutes.
a one minute USD/CAD chart
This USD/CAD currency pair at 9:55 AM ET, the market had a minor move up, then at 10:00 AM ET – nothing.
a one minute USD/JPY chart
This USD/JPY currency pair at 9:55 AM ET, the market had a minor move up, then at 10:00 AM ET the market ranged for 13 minutes – then moved down.
This report is next scheduled for release on Friday 11-13-09 at 11:55 AM ET.
I will probably be posting a “preview” of next months reports a day or two before.
Stay tuned!
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