The Fundamental FOREX Blog

On Friday, 09-03-10 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

These were released along with 1 other economic report:

USD Average Hourly Earnings (MoM)

This additional report should not have greatly affect the currency market.

I did not enter a trade

I  did a “preview” post for this months release, click here for a review.

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

USD Non-Farm Employment Change – Stats

Previous = -131K

Forecast = -101K

Actual = -54K

USD Unemployment Rate – Stats

Previous = 9.5%

Forecast = 9.6%

Actual = 9.6%

Here is how I was set up up and the results:

USD-8-30AM-ET-09-03-10
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
_____-54K______-101K_______-131K
out at  -201K or lower – SELL USD/JPY
out at -001K or higher – BUY USD/JPY
Good – “actual” came out higher then “forecast” by 47K
Good – “actual” came out higher then  “previous” by 77K

USD Unemployment Rate
_______9.6%_______9.6%  ______9.5%
Actual < Forecast = Good for USD
Neutral – “actual” came out same as “forecast”
Bad – “actual” came higher then “previous” by 0.1%

0.2 diff. watch for conflict

Here are the charts:

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair move up for 13 minutes about 100 PIPS
Move down for 40 minutes about 44 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair spiked down/up 1st minute about 15 PIPS/  23 PIPS
Moved up next minute about 38 PIPS
Move down for 24 minutes about 46 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved up for 14 minutes about 131 PIPS
Move down for 38 minutes about 61 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 15 minutes about 56 PIPS
Move down for 11 minutes about 50 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 59 minutes about 127 PIPS

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 13 minutes about 63 PIPS
Ranged for 16 minutes

The next scheduled release of the two major reports is on Friday, 10-08-10 at 8:30 AM ET.

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

Stay tuned!