The Fundamental FOREX Blog

On Monday, 08-02-10, 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 Sunday, 08-01-10, 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 = -6.6%

Forecast = 2.1%

Actual = -3.3%

AUD Retail Sales m/m Stats:

Previous = 0.2%

Forecast = 0.4%

Actual = 0.2%

Here is how I was set up and what happened:

AUD-9-30PM-ET-08-02-10
Looking for a 1.0% difference
Actual > Forecast = Good for AUD
AUD Building Approvals m/m
——actual———-forecast———-previous
_____-3.3%______2.1%________-6.6%
Out at 3.1% or higher – BUY AUD/JPY
Out at 1.1% or lower – SELL AUD/JPY
Bad – “actual” came out lower then “forecast” by 5.4
Good – “actual” came out lower then “previous” by 3.3

AUD Retail Sales m/m
______0.2%_____0.4% ________0.2%
Bad – “actual” came out lower then “forecast” by 0.2
Neutral – “actual” came out same as “previous”

It does not appear these reports were in any conflict! – I did enter 2 trades of  the currency pair AUD/JPY – both winners!!

Here are the charts:

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair move down for 23 minutes about 38 PIPS – right direction
2 winning trades here!!

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair spiked down/up 1st 2 minutes about 32 PIPS/ 21 PIPS
Moved up for 34 minutes about 30 PIPS – wrong direction

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair spiked down/up 1st 2 minutes about 23 PIPS/ 17 PIPS
Moved down for 22 minutes about 20 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair spiked up/down 1st 2 minutes about 37 PIPS/ 27 PIPS
Moved up for 22 minutes about 25 PIPS – right direction

The next scheduled release of AUD – Building Approvals report is on Monday, 09-30-10 at 9:30 PM ET.

The next scheduled release of AUD – Retails Sales report is on Monday, 09-30-10 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!