On Wednesday, 04-07-10 at 9:30 PM ET, the Australian Bureau of Statistics will release the monthly AUD Employment Change and AUD Unemployment Rate reports
I posted a “follow up” of these reports on Thursday, 03-18-10, click here to see what happened.
Last month both reports were bad for the AUD – I did enter 2 trades and both were losers, check out the “follow up” above.
Here is how the reports for this month are set up:
AUD Employment Change – Stats
Previous = 0.4K
Forecast = 20.2K
AUD Unemployment Rate – Stats
Previous = 5.3%
Forecast = 5.3%
If the unemployment rate does not go up – that will be good for the AUD!!
Here is how I am set up for tomorrow:
AUD-7-30PM-04-07-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
_______________20.2K________0.4K
out at 40.2K or higher – BUY AUD/NZD
out at 00.2K or lower – SELL AUD/NZD
Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————-5.3%———— 5.3%
I did post a “follow up” of this report soon after, click here to see what happened.
The next scheduled release of these two reports on Wednesday, 05-12-10 at 9:30 PM ET.
I will probably post a “preview” a day or 2 prior!
Stay tuned!
