The Fundamental FOREX Blog

Tomorrow, Monday, 11-30-09 at 9:45 AM ET the USD Chicago Purchasing Manager Index report will be released.

This report is released by Kingsbury International, LTD.

The last time this report was released was on Friday, 10-30-09 at 9:45 AM ET, I did not write a “previous“ or “follow Up“ post for that economic report.

However, I did post for the prior monthly report – see the “preview” and “follow up” post below.

I did a “follow up” post on Saturday 09-05-09, click here for a review.

Also, I did a “preview” post on Sunday, 08-30-09, click here fore a review.

Here is the set up for last months report, 10-30-09:

USD Chicago Purchasing Manager report – stats

Previous = 46.1

Forecast = 48.6

Actual =  54.2
Good – the “actual” came out higher then the “forecast” by 5.6 and higher then “previous” by 8.1.

Take a look at the charts:

a one minute EUR/JPY chart

This EUR/JPY currency pair spiked up/down about 12 PIPS the first minute – then moved down the next 58 minutes about 50 PIPS.

a one minute EUR/USD chart

This EUR/USD currency pair moved down for about 58 minutes about 60 PIPS – right direction.

a one minute GBP/JPY chart

This GBP/JPY currency pair spiked up/down about 12 PIPS the first minute – then moved down the next 37 minutes about 47 PIPS. I suffered 2 trade losses here!

a one minute GBP/USD chart

This GBP/USD currency pair moved down for about 37 minutes about 51 PIPS – right direction.

a one minute USD/CAD chart

This USD/CAD currency pair made a minor move down first minute then moved up next 8 minutes about 35 PIPS – right direction.

a one minute USD/JPY chart

This USD/JPY currency pair had a small spike up/down the first minute – then moved down the next 20 minutes about 17 PIPS – wrong direction – then moved up the next 30 minutes about 18 PIPS – right direction.

Here is what the set up for tomorrow is:

USD Chicago Purchasing Manager report – stats

Previous = 54.2

Forecast = 53.1

I am setting up to trade the currency pair EUR/USD should the “actual” come out 5.0 or more different from the “forecast”.

I did write a “follow up” post of the results, click here to see what happened.

The next scheduled report of this news will be on Thursday, 12-31-09 at 9:45 AM ET

Stay tuned!