On Monday, 11-30-09 at 9:45 AM ET the USD Chicago Purchasing Manager report was released.
This report is released by Kingsbury International, LTD.
On Sunday, 11-29-09 I posted a “preview” of this report, click here to check it out.
Here is what transpired with this months report:
USD Chicago Purchasing Manager report – stats
Previous = 54.2
Forecast = 53.1
Actual = 56.1
Good - “actual” came out 3.0 higher then the “forecast” and 1.9 higher then the “previous” report, no revisions.
This was good for the USD, and I was able to enter a trade of the currency pair EUR/USD.
Only 3 currency pairs made any kind of movement worth showing here.
Here are the charts:
a one minute EUR/USD currency chart
This currency pair EUR/USD moved down for 9 minutes about 12 PIPS – right direction
Made a nice little winning trade here.
This currency pair then moved up the next 39 minutes about 37 PIPS – wrong direction.
a one minute USD/CAD currency chart
This currency pair USD/CAD moved up for 6 minutes about 19 PIPS – right direction
This currency pair then moved down the next 48 minutes about 70 PIPS – wrong direction.
a one minute USD/JPY currency chart
This currency pair USD/JPY had no real movement for 16 minutes
Then it moved down for 34 minutes about 39 PIPS – wrong direction.
The next scheduled release of this report will be on Thursday, 12-31-09 at 9:45 AM ET.
I will probably write a “preview” post a day or to before..
Stay tuned!
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