The Fundamental FOREX Blog

On Wednesday, 05-12-10 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, 05-11-10, click here to review.

I Did enter a trade this time of the EUR/AUD – a loser!!

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

AUD Employment Change – Stats

Previous = 19.6K

Forecast = 22.6K

Actual = 33.7K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.4%

I did set up and traded these reports this month.

Here is what happened then:

AUD-9-30PM-ET-05-12-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast———-previous
_____33.7K_____22.6K________19.6K
out at 42.6K or higher – SELL  EUR/AUD
out at 02.6K or lower – BUY EUR/AUD
Good – “actual” came out higher then “forecast” by 11.1K
Good – “actual” came out higher then “previous” by 14.1K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————5.4%———-5.3%———— 5.3%
Bad – “actual” came out higher then “forecast” by 0.1%
Bad – “actual” came out higher then “previous” by 0.1%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY  move up/down 1st 2 minutes about 26 PIPS/ 17 PIPS
Ranged next minute
Moved down next 9 minutes 19 PIPS – wrong direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up 17 minutes about 38 PIPS – right direction
Moved down next 29 minutes 36 PIPS – wrong direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD  move up/down 1st 2 minutes about 22 PIPS/ 14 PIPS
moved down next 11 minutes about 22 PIPS – wrong direction
Moved up next 30 minutes 40 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD  move down 1st 3 minutes about 25 PIPS – right direction
moved up next 9 minutes about 21 PIPS – wrong direction
Moved down next 43 minutes 37 PIPS - right direction
I Did enter a trade this time of the EUR/AUD – a loser!!

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!