The Fundamental FOREX Blog

On Tuesday, 12-15-09 at 7:30 PM ET, the AUD Gross Domestic Product QoQ report was  released.

Also, the AUD Gross Domestic Product YoY report was released.

I wrote a “preview” post on Monday, 12-14-09, click here for a review.

These news reports are released by the Australian Bureau of Statistics.

Here is how the report for this month came out:

AUD Gross Domestic Product YoY – Stats

Previous = 0.6%

Forecast = 0.4%

Actual = 0.2%

It appears the economists believe the AUD economy was declining and it did.

Here is how I was set up for this news report.

AUD-5-30PM-12-15-09
Looking for a 0.2% Diff.
Actual > Forecast = Good for AUD
AUD GDP q/q
.          actual .       forecast .           previous
.            0.2%            0.4% .             0.6%
Out at 0.6% or higher – BUY AUD/USD
Out at 0.2% or lower – SELL AUD/USD

Here are the charts:

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked down the 1st two minutes about 31 PIPS - right direction
Moved up next29 minutes about 26 PIPS – wrong direction
Moved down the next 8 minutes about 41 PIPS – right direction

a one minute AUD/NZD chart

This currency pair AUD/NZD moved down for 38 minutes about 52 PIPS – right direction

a one minute AUD/USD chart

This currency pair AUD/USD moved down about 56 PIPS in 38 minutes – right direction.
Had a winning trade with this currency pair.

a one minute EUR/AUD chart

This currency pair EUR/AUD moved up for 50 minutes about 103 PIPS – right direction
I plan to set up for a trade with this currency pair!

The next scheduled release of these two reports is on Tuesday, 03-02-10 at 7:30 PM ET.
The schedule could change.

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

Stay tuned!