On Thursday, 06-04-10 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report was released.
This report is released by Richard Ivey School of Business on a monthly basis.
I did a “preview“ post on Thursday, 06-03-10, click here to see what was happening.
Here is what happened this month:
CAD Ivey Purchasing Managers Index report Stats
previous = 58.7
forecast = 59.8
actual = 62.7
Here is how I was set up and what happened:
CAD-10-00AM-06-04-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_____62.7________59.8________58.7
Out at 63.8 or higher – SELL GBP/CAD
Out at 55.8 or lower – BUY GBP/CAD
Good – “actual” came out higher then “forecast” by 2.9
Good – “actual” came out higher then “previous” by 4.0
Entered 2 trades of GBP/CAD this time – one win – one loss!!
And, here are the charts:
(CAD/JPY)
a one minute CAD/JPY chart
This CAD/JPY currency pair moved down for 13 minutes about 23 PIPS – wrong direction
Moved up next 12 minutes about 42 PIPS - right direction
(EUR/CAD)
a one minute EUR/CAD chart
This EUR/CAD currency pair ranged for 13 minutes
Moved down next 6 minutes about 22 PIPS – right direction
(GBP/CAD)
a one minute GBP/CAD chart
This GBP/CAD currency pair Small range down/up for 13 minutes
Moved down next 17 minutes about 56 PIPS – right direction
Entered 2 trades of GBP/CAD this time – one win – one loss!!
(USD/CAD)
a one minute USD/CAD chart
This USD/CAD currency pair moved up for 9 minutes about 17 PIPS – wrong direction
Moved down next 16 minutes about 45 PIPS – right direction
The next scheduled release of this Canadian report will be on Wednesday, 07-07-10.
I will probably post a “preview” a day or two prior.
Stay tuned!
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