The Fundamental FOREX Blog

On Wednesday, 07-07-10 at 9:30 PM ET, the Australian Bureau of Statistics will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of last months reports on Friday, 06-18-10, click here to see what happened.

Last month I did enter 2 trades of the currency pair AUD/NZD – both winners! This month I am staying with the currency pair AUD/NZD for a trade set-up since it looked so good last month.

Here is how the reports for this month are set up:

AUD Employment Change – Stats

Previous = 26.9K

Forecast = 15.3K

AUD Unemployment Rate – Stats

Previous = 5.2%

Forecast = 5.2%

If the “Unemployment Rate” does not go up and the “Employment Change” improves, AUD related currency pairs should move in favor of the AUD.

Here is how I am set up for tomorrow:

AUD-9-30PM-ET-07-07-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________15.3K______26.9K
out at 35.3K or higher – BUY  AUD/NZD
out at -05.3K or lower – SELL AUD/NZD
Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.2%———— 5.2%

I did post a “follow up” of this report soon after, click here to see what happened.

The next scheduled release of these two reports on Wednesday, 08-11-10 at 9:30 PM ET.

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

Stay tuned!