The Fundamental FOREX Blog

On Thursday, 01-28-10 at 8:30 AM ET, the Census Bureau will release the monthly reports USD Core Durable Goods Orders MoM and USD Durable Goods Orders MoM.

My last “follow up” post concerning these reports was on Wednesday, 12-30-09, click here for a review.

This months scheduled release involves 2 other news reports as well.

USD – Initial Jobless Claims
USD – Continuing Jobless Claims

Released weekly by the Department of Labor.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = 2.0%

Forecast = 0.4%

USD – Durable Goods Orders m/m – Stats

Previous = -0.7%

Forecast = 2.1%

USD – Initial Jobless Claims – Stats

Previous = 482K

Forecast = 451K

USD – Continuing Jobless Claims – Stats

Previous = 4599K

Forecast = 4590K

Here is how I am set up for tomorrow:

USD-6-30AM-01-28-10
looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual———-forecast———-previous
________________0.4%________2.0%
out at 1.9% or higher – BUY USD/JPY
out at -1.1% or lower – SELL USD/JPY
Actual < Forecast = Good for USD
USD Unemployment Claims–50K difference
________________451K________ 482K
Watch jobless Claims to go in same way

It appears that the economists believe that durable goods orders will show an increase over last month, but the core durable goods orders will decrease. And Unemployment claims will decrease – this could be a “tricky“ trade.

The Core Durable Goods Orders appear to have the greatest impact on the currency market, but if they both do not come out moving in the same direction, either positive or negative, there can be a conflict, who knows what may happen then, that goes for the Jobless Claims as well.

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

The next scheduled release of these two reports on Thursday, 02-25-10 at 8:30 AM ET, at this point in time a Canadian news report and three other USA news reports will be released.

Stay tuned!