The Fundamental FOREX Blog

On Wednesday, 06-30-10, at 9:30 PM ET the AUD Retail Sales m/m report was released.

Also, the AUD Building Approvals report was released.

I did a “preview” post of these reports on Tuesday, 06-29-10, click here to check it out.

The AUD Retail Sales m/m and Building Approvals reports are released by the Australian Bureau of Statistics.

Lets take a look at what happened:

AUD Building Approvals m/m Stats:

Previous = -14.8%———–revised = -11.4%

Forecast = 0.0%

Actual = -6.6%

AUD Retail Sales m/m Stats:

Previous = 0.6%

Forecast = 0.3%

Actual = 0.2%

Here is how I was set up and what happened:

AUD-7-30PM-06-30-10
Looking for a 1.0% difference
Actual > Forecast = Good for AUD
AUD Building Approvals m/m
——actual———-forecast———-previous
_____-6.6%______0.0%________-14.8%
Out at -3.9% or higher – SELL EUR/AUD
Out at -5.9% or lower – BUY EUR/AUD
Bad – “actual” came out lower then “forecast” by 6.6%

Good – “actual” came out higher then “previous” by 8.2%

Good – “actual” came out higher then revised “previous” by 4.8%

AUD Retail Sales m/m
______0.2%_______0.3% ________0.6%
Bad – “actual” came out lower then “forecast” by 0.1%
Bad – “actual” came out lower then “previous” by 0.4%

It does not appear these reports were in much conflict! – However, I did suffer 2 losing trades of the currency pair EUR/AUD!!!

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair spiked down/up 1st minute about 26 PIPS/ 12 PIPS
ranged up for 6 minutes
Move down next 43 minutes about 69 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair ranged down for 50 minutes – right direction

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair spiked down/up 1st minute about 26 PIPS/ 9 PIPS
Moved up and ranged up for 13 minutes about 30 PIPS – wrong direction
Move down next 36 minutes about 55 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair spiked up/down 1st 10 minutes about 45 PIPS/ 40 PIPS
Ranged up for 8 minutes
Move up next 32 minutes about 90 PIPS – right direction
Here I had 2 losing trades – entered the trades too early!

The next scheduled release of AUD – Building Approvals report is on Thursday, 08-03-10 at 9:30 PM ET.

The next scheduled release of AUD – Retails Sales report is on Tuesday, 08-02-10 at 9:30 PM ET.

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

Past performances are not an indication of future results

I will write a “follow up” post soon after this release.

So—Stay tuned!