The Fundamental FOREX Blog

On Friday, 03-19-10 at 8:30 AM ET, two Canadian reports were released

CAD Retails Sales MoM
CAD Core Retail Sales MoM

I posted a “preview” post on Thursday, 03-18-10, click here for a review.

Canada’s “Statistics Canada”  release these monthly reports.

It appears that the “Retail Sales” report has a little more impact for traders than the “Core Retail Sales“.

Here is what happened when the “Retail Sales” and “Core Retail Sales” reports were released:

CAD – Retail Sales MoM stats
Previous = 0.4%———–revised = 0.5%

Forecast = 0.6%

Actual = 0.7%

CAD – Core Retail Sales MoM stats
Previous = 0.4%———–revised = 0.7%

Forecast = 0.5%

Actual = 1.8%

Here is how I was set up and the results:

CAD-6-30AM-03-19-10
Looking for a 1.5% difference
Actual > Forecast = Good for CAD
CAD Retail Sales m/m
——actual———-forecast———-previous
________________0.6%________0.4%
______0.7%______ 0.6%_______ 0.5%
out at -0.9% or lower – SELL CAD/JPY
out at 2.1% or higher – BUY CAD/JPY
Good – “actual” came out higher the “forecast” by 0.1%
Good – “actual” came out higher the “previous” by 0.3%
Good – “actual” came out higher the revised “previous” by 0.2%

CAD Core Retail Sales m/m
_______________0.5%__________0.4%
______1.8%______ 0.5%________ 0.7%
Good – “actual” came out higher the “forecast” by 1.3%
Good – “actual” came out higher the “previous” by 1.4%
Good – “actual” came out higher the revised “previous” by 1.1%

Executed 2 winning trades with currency pair CAD/JPY
Not a good mover – USD/CAD moved much better

Check out the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up/down 1st minute about 23 PIPS/ 13 PIPS
Moved up next 15 minutes about 10 PIPS
Executed  2 winning trades with this currency pair!!

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down/up 1st minute about 32 PIPS / 20 PIPS
Ranged!!

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down/up 1st minute about 34 PIPS / 22 PIPS
Ranged!!

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down/up 1st minute about 27 PIPS / 16 PIPS
Moved down next 18 minutes about 18 PIPS

The next time these reports are scheduled to be released is on Friday, 04-23-10 at 8:30AM ET.

Some times report scheduling can be changed.

Chances are I will post a “preview” of these reports a day or two prior.

Stay tuned!