The Fundamental FOREX Blog

On Wednesday, 06-09-10 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, 06-08-10, click here to review.

I Did enter 2 trades this time of the AUD/NZD – both winners!!

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

AUD Employment Change – Stats

Previous = 33.7K

Forecast = 16.1K————–revised= 20.1K

Actual = 26.9K

AUD Unemployment Rate – Stats

Previous = 5.4%

Forecast = 5.4%

Actual = 5.2%

I did set up and traded these reports this month.

Here is what happened then:

AUD-79-30PM-ET-06-09-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________16.1K______33.7K
______26.9K____ 20.1K______ 33.7K
out at 36.1K or higher – BUY  AUD/NZD
out at -03.9K or lower – SELL AUD/NZD
good – “actual” came out higher then “forecast” by 10.8K
good – “actual” came out higher then revised “forecast” by 6.8K
bad – “actual” came out lower then “previous” by 6.8K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
——–5.2%———–5.4%———— 5.4%
good – “actual” came out lower then “forecast” by 0.2%
good – “actual” came out lower then “previous” by 0.2%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY  move up for 34 minutes about 59 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD move up for 34 minutes about 39 PIPS – right direction
2 winning trades here!!

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD  move up for 33 minutes about 59 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD move down for 33 minutes about 93 PIPS - right direction

The next scheduled release of these two reports on Wednesday, 07-07-10 at 9:30 PM ET.

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

Stay tuned!