The Fundamental FOREX Blog

On Wednesday, 02-10-10 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, 02-09-10, click here to review.

The additional reports were:

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

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

AUD Employment Change – Stats

Previous = 35.2K

Forecast = 15.1K

Actual = 52.7K

AUD Unemployment Rate – Stats

Previous = 5.5%

Forecast = 5.6%

Actual = 5.3%

I did set up and traded these reports this month.

Here is what happened then:

AUD-5-30PM-02-10-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
____52.7K_______15.1K________35.2K
out at 35.1K or higher – BUY  AUD/NZD
out at -05.1K or lower – SELL AUD/NZD
Good – “actual” came out higher then the “forecast” by 37.6K
Good – “actual” came out higher then the “previous” by 17.5K

AUD Unemployment Rate 5.3%  5.6%  5.5%
Good – “actual” came out higher then the “forecast” by 0.3%
Good – “actual” came out higher then the “previous” by 0.2%

Both reports were good for AUD – check out the charts!

Here are the charts:

a one minute AUD/JPY chart

This currency pair AUD/JPY moved up for 38 minutes about 95 PIPS – right direction

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 44 minutes about 95 PIPS – right direction
Had a nice winning trade!!.

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 39 minutes about 95 PIPS – right direction

a one minute EUR/AUD chart

This currency pair EUR/AUD moved down for 39 minutes about 143 PIPS – right direction

The next scheduled release of these two reports on Wednesday, 03-10-10 at 7:30 PM ET.

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

Stay tuned!