The Fundamental FOREX Blog

On Tuesday, 06-01-10 at 9:30 PM ET, the AUD Gross Domestic Product QoQ report was  released.

Also, the AUD Gross Domestic Product YoY report was released.

I wrote a “preview” post on Monday, 05-31-10, click here for a review.

These news reports are released by the Australian Bureau of Statistics.

Here is how the report for this month came out:

AUD Gross Domestic Product QoQ – Stats

Previous = 0.9%————–revised = 1.1%

Forecast = 0.6%

Actual = 0.5%

It appears the economists believed the AUD economy was not improving – and, they were right. There was not enough difference between the “actual” and the “forecast” for a trade.

Here is how I was set up for this news report.

AUD-9-30PM-ET-06-01-10
Looking for a 0.2%  difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual——–forecast——–previous
_______________0.6%________0.9%
_____0.5%______ 0.6%_______ 1.1%
Out at 0.8% or higher – BUY AUD/NZD
Out at 0.4% or lower – SELL AUD/NZD
Bad – “actual” came out lower then “forecast” by 0.1%
Bad – “actual” came out lower then “previous” by 0.4%
Bad – “actual” came out lower then revised “previous” by 0.6%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY moved up for 19 minutes about 44 PIPS

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD minutes spiked up/down 1st 3 minutes about 11 PIPS/ 35 PIPS
Ranged down next 20 minutes about 35 PIPS

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked down/up 1st 4 minutes about 12 PIPS/ 35 PIPS
Moved down next 23 minutes about 19 PIPS

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked up/down 1st 7 minutes about 17 PIPS/ 42 PIPS
Moved up next 19 minutes about 33 PIPS

The next scheduled release of these two reports is on Tuesday, 08-31-10 at 9:30 PM ET.
The schedule could change.

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

Stay tuned!