The Fundamental FOREX Blog

On Wednesday, 01-13-10 at 7:30 PM ET, the Australian Bureau of Statistics will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of these reports on Sunday, 12-13-09, click here to see what happened.

The additional reports are:

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

The last time these reports were released on Wednesday, 12-09-09 at 7:30 PM ET.

I did set up and trade these reports last month and was successful trading the currency pair EUR/AUD.

Here is how the reports for this month are set up:

AUD Employment Change – Stats

Previous = 31.2K

Forecast = 10.2K

AUD Unemployment Rate – Stats

Previous = 5.7%

Forecast = 5.8%

It appears that the two reports are “forecast“ in conflict for the Australian economy.

I am not sure which report has the greatest impact on the market, so I will not trade unless both are headed in the same direction.

Here is how I am set up for tomorrow:

AUD-5-30PM-01-13-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
________________10.2K________31.2K
out at 30.2K or higher – SELL  EUR/AUD
out at -10.2K or lower – BUY EUR/AUD
AUD Unemployment Rate      5.8%         5.7%

I did post a “follow up” of this report, click here to see what happened.

The next scheduled release of these two reports on Wednesday, 02-10-10 at 7:30 PM ET.

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

Stay tuned!