The Fundamental FOREX Blog

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

I posted a “preview” of these reports on Tuesday, 01-12-10, click here to review.

The additional reports are:

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

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

Here is how the reports for this month was set up and what happened:

AUD Employment Change – Stats

Previous = 31.2K revised = 31.4K

Forecast = 10.2K

Actual = 35.2K

AUD Unemployment Rate – Stats

Previous = 5.7% revised = 5.6%

Forecast = 5.8%

Actual = 5.5%

I did set up and trade these reports this month.

Here is what happened then:

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
35.2K              10.2K                31.4K
out at 30.2K or higher – SELL  EUR/AUD
out at -10.2K or lower – BUY EUR/AUD
Good – “actual” came out higher then “forecast” by 25K
Good – “actual” came out higher then “previous” by 4K
Good – “actual” came out higher then revised “previous” by 3.8K

AUD Unemployment Rate      5.8%         5.7%
5.5%               5.8%               5.6%
Good – “actual” came out lower then “forecast” by 0.3%
Good – “actual” came out lower then “previous” by 0.2%
Good – “actual” came out lower then revised “previous” by 0.1%

Here are the charts:

a one minute AUD/JPY chart

This currency pair AUD/JPY moved up 1st 3 minutes about 88 PIPS – right direction
Moved down next 43 minutes about 28 PIPS – wrong direction

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 36 minutes about 63 PIPS – right direction.

a one minute AUD/USD chart

This currency pair AUD/USD moved up 1st 6 minutes about 75 PIPS – right direction
Moved down next 40 minutes about 20 PIPS – wrong direction

a one minute EUR/AUD chart

This currency pair EUR/AUD moved down 1st 3 minutes about 110 PIPS – right direction
Ranged
Made 3 trades here – 1 loser – 2 winners

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!