The Fundamental FOREX Blog

On Wednesday, 08-25-10 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

My “preview” post concerning these reports was on Tuesday, 08-24-10, 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 = -0.9%_______  revised = -0.6%

Forecast = 0.6%

Actual = -3.8%

Here is how I was set up and what happened:

USD-8-30AM-ET-08-25-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________-0.9%
_____-3.8%____ 0.6% _______-0.6%
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 4.4%

Bad – “actual” came out lower then “previous” by 2.9%

Bad – “actual” came out lower then revised “previous” by 3.2%

There was enough of a difference – and, I did enter 2 trades this time of  the currency pair USD/JPY – and both were winners!!

Here are the charts:

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair spiked down/up 1st minute about 26 PIPS/ 13 PIPS
Moved down next 3 minutes about 11 PIPS
Moved up next 9 minutes about 36 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair spiked down/up 1st minute about 34 PIPS/ 9 PIPS
Moved up next 11 minutes about 41 PIPS
Moved ownd next 7 minutes about 31 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair minor spike up/down/up 1st minute about 4 PIPS/ 12 PIPS/ 8 PIPS
Moved up next 45 minutes about 43 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up 1st 4 minutes about 24 PIPS – wrong direction
Moved down next 6 minutes about 26 PIPS – right direction
Moved up next 9 minutes about 24 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down next 20 minutes about 26 PIPS – right direction
2 winners here

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 13 minutes about 34 PIPS – right direction
Ranged!

The next scheduled release of these reports is on Friday, 09-24-10 at 8:30 AM ET.

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

Stay tuned!