The Fundamental FOREX Blog

On Thursday, 06-24-10 at 8:30 AM ET, the Census Bureau released the monthly reports USD Core Durable Goods Orders MoM and the USD Unemployment Claims report.

My “preview” post concerning these reports was on Wednesday, 06-23-10, click here for a review.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = -1.1%_______  revised = -0.8%

Forecast = 1.1%

Actual = 0.9%

USD Unemployment Claims – Stats

Previous = 472K_______  revised = 476K

Forecast = 461K

Actual = 457K

Here is how I was set up and what happened:

USD-8-30AM-ET-06-24-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.1%________-1.1%
_____0.9% _____1.1%_______ -0.8%
out at -0.4% or lower – SELL USD/JPY
out at 2.6% or higher – BUY USD/JPY
Bad – “actual” came out lower then “forecast” by 0.2%
Good – “actual” came out higher then “previous” by 2.0%
Good – “actual” came out higher then revised “previous” by 1.7%

USD Unemployment Claims
____________461K______ 472K
457K                  461K                  476K
Good – “actual” came out lower then “forecast” by 4K
Good – “actual” came out lower then “previous” by 15K
Good – “actual” came out lower then revised “previous” by 19K

There was not enough of a difference – so, no trade this time.

Here are the charts:

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 18 minutes about 31 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 18 minutes about 23 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved up for 10 minutes about 35 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 10 minutes about 17 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 11 minutes about 15 PIPS

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 6 minutes about 13 PIPS

The next scheduled release of these reports is on Wednesday, 07-28-10 at 8:30 AM ET.

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

Stay tuned!