On Wednesday, 07-28-10 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.
My “preview” post concerning these reports was on Tuesday, 07-27-10, 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 = 1.6%_______ revised = 1.2%
Forecast = 0.6%
Actual = -0.6%
Here is how I was set up and what happened:
USD-7-30AM-ET-07-28-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.6%
_____-0.6%____ 0.6%_______ 1.2%
out at -0.9% or lower – SELL USD/JPY
out at 2.1% or higher – BUY USD/JPY
Bad – “actual” came out lower then “forecast” by 1.0%
Bad – “actual” came out lower then “previous” by 2.2%
Bad – “actual” came out lower then revised “previous” by 1.8%
There was not enough of a difference – but, I did enter a trade this time of the currency pair USD/JPY – and it was a wnner!!
Here are the charts:
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair moved down 1st 2 minutes about 30 PIPS
Moved up next 49 minutes about 39 PIPS
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair moved up/down 1st 2 minutes
Moved up next 3 minutes about 15 PIPS
Ranged for 6 minutes
Moved down next 10 minutes about 24 PIPS
(GBP/JPY)
a one minute GBP/JPY chart
This GBP/JPY currency pair moved down for 3 minutes about 40 PIPS
Moved up next 49 minutes about 71 PIPS
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair moved up/down 1st 4 minutes about 6 PIPS/ 14 PIPS
Moved up next 15 minutes about 25 PIPS
(USD/CAD)
a one minute USD/CAD chart
This USD/CAD currency pair Ranged!
(USD/JPY)
a one minute USD/JPY chart
This USD/JPY currency pair moved down 1st 3 minutes about 23 PIPS
Ranged for 7 minutes!
Moved up next 35 minutes about 20 PIPS
The next scheduled release of these reports is on Wednesday, 08-25-10 at 8:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
One Comment
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