Tomorrow, Monday, 05-10-10 at 8:15 AM ET, the CAD – Housing Starts report will be released. This report is released monthly by CMHC – Canada Mortgage and Housing Corporation.
I wrote a “follow up” post for last months housing starts report, click here for a review.
Check out the “follow up” link above for an idea what was going on.
I did not enter a trade last month.
Here is what is happening on Monday, 05-10-10:
CAD – Housing Starts stats
Previous = 201K
Forecast = 201K
This looks like the CHMC believes that the Canadian housing starts will come just as “forecast”.
Here is how I am set up for tomorrow:
CAD-6-15AM-05-10-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Housing Starts
——actual———-forecast——-previous
_______________201K________201K
Out at 221K or higher SELL EUR/CAD
Out at 181K or lower BUY EUR/CAD
No 6:30AM report!
I did write a “follow up” post soon after this report was finished, click here to see what happened.
The next time this will be released will be on Wednesday, 06-9-10 at 8:15 AM ET.
I will probably post a “preview” a day more two prior.
Stay tuned!
