The Fundamental FOREX Blog

On Wednesday, 08-11-10 at 9:30 PM ET, the Australian Bureau of Statistics will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of last months reports on Friday, 07-16-10, click here to see what happened.

Last month I did enter 2 trades of the currency pair AUD/NZD – one winner! One was a loser! This month I am staying with the currency pair AUD/NZD for a trade set-up since it looked so good last month.

Here is how the reports for this month are set up:

AUD Employment Change – Stats

Previous = 45.9K

Forecast = 20.1K

AUD Unemployment Rate – Stats

Previous = 5.1%

Forecast = 5.1%

The Employment Change “forecast“ is going against the AUD, the Unemployment rate is “forecast“ to remain the same, which is good for the AUD – there could be some conflict!

Here is how I am set up for tomorrow:

AUD-9-30PM-ET-08-11-10
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________20.1K______45.9K
out at 40.1K or higher – BUY  AUD/NZD
out at 00.1K or lower – SELL AUD/NZD
Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.1%———— 5.1%

I did post a “follow up” of this report soon after, click here to see what happened.

The next scheduled release of these two reports on Tuesday, 09-07-10 at 9:30 PM ET.

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

Stay tuned!