The Fundamental FOREX Blog

On Tuesday, 03-02-10 at 7:30 PM ET, the AUD Gross Domestic Product QoQ report will be released.

I did a “follow up” post of last months news report, click here to see.

Also, the AUD Gross Domestic Product YoY report will be released.

These news reports are released by the Australian Bureau of Statistics.

Here is how the report for this month is set up:

AUD Gross Domestic Product QoQ – Stats

Previous = 0.2%

Forecast = 0.9%

It appears the economists believe the AUD economy is improving.

Here is how I am setting up for this news report.

AUD-5-30PM-03-02-10
Looking for a 0.2%  difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual———-forecast———-previous
________________0.9%________0.2%
Out at 1.1% or higher – BUY AUD/USD AUD/NZD
Out at 0.7% or lower – SELL AUD/USD AUD/NZD

Soon after the reports had been released I did post a “follow up” report of the results, click here to see what happened.

The next scheduled release of these two reports is on Tuesday, 06-01-10 at 8:30 PM ET.
The schedule could change.

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

Stay tuned!