The Fundamental FOREX Blog

Today, 12-02-09, at 7:30 PM ET the AUD Retail Sales m/m report will be released alone.

This is my first posting of this AUD news report.

The AUD Retail Sales m/m report is released by the Australian Bureau of Statistics.

Lets take a look at what happened last month on Tuesday, 11-03-09 at 7:30 PM ET:

AUD Retail Sales m/m Stats:

Previous = 0.9%

Forecast = 0.5%

Actual = -0.2%

BAD – the “actual” came out 1.3% lower then “forecast” and 1.7% lower then the “previous”.

Here are the charts:

a one minute AUD/JPY currency chart

This AUD/JPY currency pair spiked down about 70 PIPS and reversed up about 22 PIPS 1st minute.
Moved up next 17 minutes about 25 PIPS – wrong direction – loosing trade here!
Moved down the next 8 minutes about 39 PIPS – right direction.

a one minute AUD/NZD currency chart

This AUD/NZD currency pair spiked down about 105 PIPS and reversed up about 90 PIPS 1st minute.
Moved down next 8 minutes about 18 PIPS – right direction.
Moved up the next 16 minutes about 40 PIPS – wrong direction.

a one minute AUD/USD currency chart

This AUD/USD currency pair spiked down about 77 PIPS and reversed up about 25 PIPS 1st minute.
Moved up the next 17 minutes about 30 PIPS – wrong direction.

a one minute EUR/AUD currency chart

This EUR/AUD currency pair spiked up about 136 PIPS and reversed down about 52 PIPS 1st minute.
Moved down the next 17 minutes about 43 PIPS – wrong direction.

Lets take a look at what is happening today:

AUD Retail Sales m/m Stats:

Previous = -0.2%

Forecast = 0.4%

The “forecast” implies that the economists are feeling better about the future economy of the Australia.

I will be looking for a 1.0% difference between the “actual” and the “forecast”, probably set up to trade the AUD/JPY again – but I will be a little more timid this time.

The next scheduled release of this report is on Wednesday, 01-06-10 at 7:30 PM ET.

I will probably post a “preview” a day or two prior.

Past performances are not an indication of future results

I did write a “follow up” post soon after this release, click here to see what happened.

So—Stay tuned!