The Fundamental FOREX Blog

Tomorrow 01-07-10 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report will be released.

This report is released by Richard Ivey School of Business on a monthly basis.

I did a “preview“ post on Wednesday, 01-06-10, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 55.9

forecast = 52.2

actual = 48.4

CAD-8-00AM-01-07-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast———-previous
____48.4___________52.2________55.9
Out at 56.2 or higher – SELL GBP/CAD
Out at 48.2 or lower – BUY GBP/CAD
Bad – “actual” came lower then “forecast” by 3.8

Here are the charts:

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 46 minutes about 31 PIPS – right direction

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 47 minutes about 52 PIPS – right direction

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 46 minutes about 80 PIPS – right direction

Entered 2 trades here – both winners

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 46 minutes about 31 PIPS – right direction

The next scheduled release of this Canadian report will be on Friday, 02-05-10, and a US report will be released as well.

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

Stay tuned!