The Fundamental FOREX Blog

On Wednesday, 05-12-10 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 last months reports on Wednesday, 04-14-10, click here to see what happened.

Last month I did not enter a trade!

Here is how the reports for this month are set up:

AUD Employment Change – Stats

Previous = 19.6K

Forecast = 22.6K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

If the “Unemployment Rate” does not go up and the “Employment Change” improves, AUD related currency pairs should move in favor of the AUD.

Here is how I am set up for tomorrow:

AUD-9-30PM-ET-05-12-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
_______________22.6K________19.6K
out at 42.6K or higher – SELL  EUR/AUD
out at 02.6K or lower – BUY EUR/AUD
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, 06-09-10 at 9:30 PM ET.

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

Stay tuned!