The Fundamental FOREX Blog

On Wednesday, 12-09-09 at 7:30 PM ET, the Australian Bureau of Statistics was releasing the monthly AUD Employment Change and AUD Unemployment Rate reports

This was my first post for these two reports, there were 3 other economic reports being released as well – at this point on time I do not have any idea how those 3 reports will affect the currency market.

The additional reports are:

AUD – Participation Rate
AUD – Full Time Employment Change
AUD – Part Time Employment Change

I did a “preview” post on Tuesday, 12-08-09, click here to see.

I did set up and trade these reports this month.

Here is what happened then:

AUD-5-30PM-12-09-09
Looking for a  20K diff.
Actual > Forecast = Good for AUD
AUD Employment Change
.               Actual            Forecast       Previous
.               31.2K              5.3K             24.5K
out at 30.3K or higher – SELL  EUR/AUD
out at -20.3K or lower – BUY EUR/AUD
Good – actual came out higher then the “forecast” by 25.9K
‘     – actual came out higher then the “previous” by 6.7K

AUD Unemployment Rate
.               Actual            Forecast       Previous
.                 5.7%               5.9%            5.8%
Good – “actual” came out lower then “forecast” by 0.2%
“    – “actual” came out lower then “previous” by 0.1%

Here are the charts:

a one minute AUD/JPY chart

This currency pair AUD/JPY moved up about 90 PIPS in 47 minutes – right direction.

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up about 40 PIPS in 45 minutes – right direction.

a one minute AUD/USD chart

This currency pair AUD/USD moved up about 63 PIPS in 56 minutes – right direction.

a one minute EUR/AUD chart

This currency pair EUR/AUD moved down about 110 PIPS in 56 minutes – right direction.

Had a winning trade with this EUR/AUD currency pair.

The next scheduled release of these two reports on Wednesday, 01-13-10 at 7:30 PM ET.

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

Stay tuned!