The Fundamental FOREX Blog

On Wednesday, 03-30-10, at 7:30 PM ET the AUD Retail Sales m/m report was released.

Also, the AUD Building Approvals report was released.

I did a “preview” post of these reports on Monday, 03-29-10, click here to check it out.

The AUD Retail Sales m/m and Building Approvals reports are released by the Australian Bureau of Statistics.

Lets take a look at what happened:

AUD Building Approvals m/m Stats:

Previous = -0.7%———–revised = -5.5%

Forecast = 0.3%———–revised =  2.2% / 2.1%

Actual = -3.3%

AUD Retail Sales m/m Stats:

Previous = 1.2%———–revised = 1.1%

Forecast = 0.3%

Actual = -1.4%

I did enter 2 trades of the currency pair AUD/JPY – both were winners!!!.

Here is how I was set up and what happened:

AUD-6-30PM-03-30-10
Looking for a 1.0% difference
Actual > Forecast = Good for AUD
AUD Building Approvals m/m
——actual———-forecast———-previous
________________2.2%________-7.0%
____-3.3%_______ 2.1%_______ -5.5%
Out at 3.2% or higher – BUY AUD/JPY
Out at 1.2% or lower – SELL AUD/JPY
Bad – “actual” came out lower then “forecast” by 3.6%
Bad – “actual” came out lower then 2nd “forecast” by 5.5%
Bad – “actual” came out lower then revised “forecast” by 5.4%
Bad – “actual” came out lower then “previous” by 4%
Good – “actual” came out higher then revised “previous” by 2.2%

AUD Retail Sales m/m
________________0.3% ________1.2%
____-1.4%_______ 0.3%_______ 1.1%
Bad – “actual” came out lower then “forecast” by 1.7%
Bad – “actual” came out lower then “previous” by 2.6%
Bad – “actual” came out lower then revised “previous” by 2.5%

Both reports moved in the same way

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair moved down for 9 minutes about 59 PIPS - right direction – 2 winning trades
Move up next 27 minutes about 50 PIPS – wrong direction

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair moved down for 40 minutes about 55 PIPS – right direction

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair moved down for 9 minutes about 64 PIPS – right direction
Ranged!

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair moved up for 25 minutes about 78 PIPS – right direction

The next scheduled release of this report is on Tuesday, 05-04-10 at 9:30 PM ET.

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

Past performances are not an indication of future results

I will write a “follow up” post soon after this release.

So—Stay tuned!