The Fundamental FOREX Blog

On Wednesday, 04-07-10 at 9:30 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, 04-06-10, click here to review.

Did not enter a trade this time!!

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

AUD Employment Change – Stats

Previous = 0.4K

Forecast = 20.2K———–revised = 20.1K

Actual = 19.6K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.3%

Here is what happened then:

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
_____19.6K_____ 20.1K
out at 40.2K or higher – BUY  AUD/NZD
out at 00.2K or lower – SELL AUD/NZD
Bad- “actual” came out “forecast” by 0.6K
Bad- “actual” came out revised “forecast” by 0.5K
Good – “actual” came out “previous” by 19.2K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————5.3%————-5.3%———— 5.3%
Neutral – “actual” came out same as “forecast” and “previous”

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY  spiked down/up 1st minute about 15 PIPS/ 27 PIPS
Moved up next 49 minutes 18 PIPS

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 6 minutes 50 PIPS

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD  spiked down/up 1st 2 minutes about 15 PIPS/ 30 PIPS
Moved down next 6 minutes about 8 PIPS
Moved up next 42 minutes about 17 PIPS

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD  spiked down/up 1st 2 minutes about 24 PIPS/ 40 PIPS
Ranged!

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 two prior.

Stay tuned!