The Fundamental FOREX Blog

On Wednesday, 03-10-10 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, 03-09-10, click here to review.

Executed 2 losing trades of the currency pair AUD/NZD !

The additional report were:

AUD – Participation Rate

Released by the Reserve Bank of Australia

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

AUD Employment Change – Stats

Previous = 35.2K———–revised = 56.5K

Forecast = 15.1K———–revised = 15.2K

Actual = 52.7K

AUD Unemployment Rate – Stats

Previous = 5.3%———–revised = 5.2%

Forecast = 5.3%

Actual = 5.3%

I did set up and traded these reports this month.

Here is what happened then:

AUD-5-30PM-03-10-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
_______________15.1K________35.2K
_____0.4K______ 15.2K_______ 56.5K
out at 35.1K or higher – BUY  AUD/NZD
out at -05.1K or lower – SELL AUD/NZD
Bad – “actual” came out lower then “forecast” by 14.7K
Bad – “actual” came out lower then revised “forecast” by 14.8K
Bad – “actual” came out lower then “previous” by 34.8K
Bad – “actual” came out lower then revised “previous” by 56.1K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————-5.3%———— 5.3%
_____5.3%______ 5.3%________ 5.2%
Neutral – “actual” came out as “forecast”
Neutral – “actual” came out as “previous”
Bad – “actual” came out higher then revised “previous” 0.1%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked down/up 1st minute about 28 PIPS/ 8 PIPS
Ranged!

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD spiked down/up 1st minute about 28 PIPS/ 15 PIPS
Moved up next 30 minutes about 45 PIPS – wrong direction
Executed 2 losing trades of this currency pair AUD/NZD !

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked down/up 1st minute about 27 PIPS/ 8 PIPS
Ranged!

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked up/down 1st minute about 34 PIPS/ 11 PIPS
Ranged!

The next scheduled release of these two reports on Wednesday, 04-07-10 at 8:30 PM ET.

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

Stay tuned!