The Fundamental FOREX Blog

On Wednesday, 07-07-10 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, 07-06-10, click here to review.

I Did enter 2 trades this time of the AUD/NZD – 1 loser – 1 winner!!

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

AUD Employment Change – Stats

Previous = 26.9K————–revised= 22.8K

Forecast = 15.3K

Actual = 45.9K

AUD Unemployment Rate – Stats

Previous = 5.2%————–revised= 5.1%

Forecast = 5.2%

Actual = 5.1%

Here is what happened then:

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
_____45.9K_____ 15.3K_____ 22.8K
out at 35.3K or higher – BUY  AUD/NZD
out at -05.3K or lower – SELL AUD/NZD
Good – “actual” came out higher then “forecast” by 30.6K
Good – “actual” came out higher then “previous” by 19.0K
Good – “actual” came out higher then revised “previous” by 23.1K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.2%———— 5.2%
_____5.1%______ 5.2%________ 5.1%
Good – “actual” came out lower then “forecast” by 0.1%
Good – “actual” came out lower then “previous” by 0.1%
Good – “actual” came out same as revised “previous” by 0.1%

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY  spiked up 1st minute about 70 PIPS – right direction
Ranged!

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD spiked up/down 1st minute about 76 PIPS/ 42 PIPS -
Moved up next 62 minutes about 54 PIPS – right direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD  spiked up 1st minute about 80 PIPS – right direction
Ranged!

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked down 1st minute about 108 PIPS - right direction
Ranged!

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!