The Fundamental FOREX Blog

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

Also, the AUD Gross Domestic Product YoY report was released.

I wrote a “preview” post on Monday, 03-01-10, click here for a review.

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

Here is how the report for this month came out:

AUD Gross Domestic Product YoY – Stats

Previous = 0.2%————–revised = 0.3%

Forecast = 0.9%

Actual = 0.9%

It appears the economists believed the AUD economy was improving – and it came out that way. There was not enough difference between the “actual” and the “forecast” for a trade.

Here is how I was set 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%
_____0.9%_______ 0.9%_______ 0.3%
Out at 1.1% or higher – BUY AUD/NZD
Out at 0.7% or lower – SELL AUD/NZD
Neutral – “actual” came out just as “forecast”
Good – “actual” came out higher then “previous” by 0.7%
Good – “actual” came out higher then revised “previous” by 0.6%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked down/up/down the 1st minute about 3 PIPS/ 20 PIPS/ 12 PIPS
Moved down next 2 minutes about 14 PIPS
Moved up the next 6 minutes about 26 PIPS

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD spiked up/down/up the 1st minute about 12 PIPS/ 27 PIPS/ 14 PIPS
Ranged for 18 minutes

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked up/down/up the 1st minute about 11 PIPS/ 17 PIPS/ 2 PIPS
Moved down next 2 minutes about 8 PIPS
Moved up the next 6 minutes about 13 PIPS
Moved down next 22 minutes about 28 PIPS

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked up/down/up the 1st minute about 8 PIPS/ 26 PIPS/ 13 PIPS
Ranged for 8 minutes
Moved up the next 6 minutes about 21 PIPS

The next scheduled release of these two reports is on Tuesday, 06-01-10 at 7:30 PM ET.
The schedule could change.

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

Stay tuned!