The Fundamental FOREX Blog

On Friday, 08-06-10 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report was released.

This report is released by Richard Ivey School of Business on a monthly basis.

I did not enter a trade – not enough difference!
All 4 currency pairs moved in the right direction – the EUR/CAD and GBP/CAD pairs
made the best moves!

I did a “preview“ post on Thursday, 08-05-10, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 58.9

forecast = 56.3——————-revised=55.9

actual = 54.0

Here is how I was set up and what happened:

CAD-810-00AM-ET-08-06-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
________________56.3________58.9
_____54.0_______ 55.9
Out at 60.3 or higher – SELL GBP/CAD
Out at 52.3 or lower – BUY GBP/CAD
Bad – “actual” came out lower then “forecast” by 2.3
Bad – “actual” came out lower then revised “forecast” by 1.3
Bad – “actual” came out lower then  “previous” by 4.9

And, here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 15 minutes about 38 PIPS – RD

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 13 minutes about 50 PIPS – RD

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 13 minutes about 47 PIPS – RD

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 15 minutes about 34 PIPS – RD

The next scheduled release of this Canadian report will be on Wednesday, 09-08-10, at 10:00 AM ET.

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

Stay tuned!