On Tuesday, 08-10-10 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.
Again, no trade was executed this time!!!! – Not enough of a difference between the “actual” and the “forecast”.
Here is what was happening on Tuesday, 08-10-10:
CAD – Housing Starts stats
Previous = 193K
Forecast = 185K——————–revised=186K
Actual = 189K
This looks like the CHMC believed that the Canadian housing starts would show a decrease this time – which there was, but less then forecast.
Here is how this report was set up and what the results were:
CAD-8-15AM-ET-08-10-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Housing Starts
——actual———-forecast——-previous
_______________185K________193K
____189K______ 186K________ 193K
Out at 205K or higher BUY CAD/JPY
Out at 165K or lower SELL CAD/JPY
Good – “actual” came out higher then “forecast” by 4K
Good – “actual” came out higher then revised “forecast” by 3K
Bad – “actual” came out lower then “previous” by 4K
There was a 8:30AM report!
Here are the charts:
(CAD/JPY)
a one minute CAD/JPY chart
This CAD/JPY currency pair moved down for 16 minutes about 37 PIPS
(EUR/CAD)
a one minute EUR/CAD chart
This EUR/CAD currency pair minor up/down/up 1st minute
Moved up for 13 minutes about 39 PIPS
(GBP/CAD)
a one minute GBP/CAD chart
This GBP/CAD currency pair moved up for 13 minutes about 50 PIPS
(USD/CAD)
a one minute USD/CAD chart
This USD/CAD currency pair minor up/down/up 1st minute
Moved up for 7 minutes about 35 PIPS
The next time this will be released will be on Thursday, 09-09-10 at 8:15 AM ET.
I will probably write a “preview” a day or two before the release.
Stay tuned!
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