On Thursday, 02-25-10 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 Saturday, 02-06-10, 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 = 1.4%
Forecast = 1.1%
USD – Durable Goods Orders m/m – Stats
Previous = 1.0%
Forecast = 1.6%
USD – Initial Jobless Claims – Stats
Previous = 473K
Forecast = 461K
USD – Continuing Jobless Claims – Stats
Previous = 4563K
Forecast = ??????
Here is how I am set up for tomorrow:
USD-6-30AM-02-25-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual———-forecast———-previous
________________1.1%________1.4%
out at 1.6% or higher – BUY USD/JPY
out at -0.4% or lower – SELL USD/JPY
Actual < Forecast = Good for USD
USD Unemployment Claims 50K
________________461K________473K
Watch Un 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, 03-24-10 at 7:30 AM ET, at this point in time they will be “stand alone“ reports.
Stay tuned!
