On Friday, 07-09-10 at 8:15 AM ET, the CAD – Housing Starts report was released. This report is released monthly by CMHC – Canada Mortgage and Housing Corporation.
I wrote a “preview” post , click here for a review.
No trade was executed this time!!!! – Not enough of a difference between the “actual” and the “forecast”.
Here is what was happening on Tuesday, 07-09-10:
CAD – Housing Starts stats
Previous = 189K
Forecast = 193K
Actual = 189K
This looks like the CHMC believed that the Canadian housing starts would show an increase this time – which there was not.
Here is how this report was set up and what the results were:
CAD-8-15AM-ET-07-09-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Housing Starts
——actual———-forecast——-previous
____189K_______193K________189K
Out at 213K or higher BUY CAD/JPY
Out at 173K or lower SELL CAD/JPY
Bad – “actual” came out lower then “forecast” by 4K
Neutral – “actual” came out same as “previous”
No 6:30AM report!
Here are the charts:
(CAD/JPY)
a one minute CAD/JPY chart
This CAD/JPY currency pair minor ranged
(EUR/CAD)
a one minute EUR/CAD chart
This EUR/CAD currency pair minor ranged
(GBP/CAD)
a one minute GBP/CAD chart
This GBP/CAD currency pair minor ranged
(USD/CAD)
a one minute USD/CAD chart
This USD/CAD currency pair minor ranged
The next time this will be released will be on Monday, 08-09-10 at 8:15 AM ET.
I will probably write a “preview” a day or two before the release.
Stay tuned!
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