On Thursday, the 26th of January, 2012, the US Core Durable Goods Orders report was released – there was not enough difference between the “actual” and “forecast”-
Both reports were such that they were in conflict – and, I did not enter a trade this time!
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On Thursday, 01-26-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.
And USD – Durable Goods Orders
Also 1 other news release:
USD Unemployment Claims
Released monthly by the Department of Labor
I did not enter a trade this time, there was not enough difference – the reports were in conflict.
My “preview” post concerning these reports was on Wednesday, 01-25-12, 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 = 0.3%——————-revised = 0.5%
Forecast = 0.9%
Actual = 2.1%
Here is how I was set up and what happened:
USD-8-30AM-ET-01-26-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
_______________0.9%________0.3%
_____2.1%______ 0.9% _______0.5%
out at 2.4% or higher – SELL GBP/USD
out at -0.6% or lower – BUY GBP/USD
Good – “actual” came out higher than “forecast” by 1.2%
Good – “actual” came out higher than “previous” by 1.8%
Good – “actual” came out higher than revised “previous” by 1.6%
There was not a good enough difference between the “actual” and “forecast” to enter a trade, and there was conflict between the 2 reports- so I did not trade!
Here are the charts:
(AUD/USD)
a one minute AUD/USD chart
This AUD/USD currency pair moved up for minutes about 13 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS - right direction
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair moved up/down 1st minute about 4 PIPS/ 9 PIPS -
Moved up next 8 minutes about 16 PIPS – wrong direction
Moved down for 7 minutes about 15 PIPS – right direction
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair spiked up/down 1st minute about 3 PIPS/ 10 PIPS/ 4 PIPS -
Moved up next 3 minutes about 16 PIPS – wrong direction
Moved down for 12 minutes about 10 PIPS – right direction
(NZD/USD)
a one minute NZD/USD chart
This NZD/USD currency pair spiked up/down/up 1st minute about 2 PIPS/ 5 PIPS/ 1 PIPS
Moved up next 3 minutes about 9 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS – right direction
(USD/CAD)
a one minute USD/CAD chart
This USD/CAD currency pair moved down for 4 minutes about 13 PIPS – wrong direction
Moved up next 28 minutes about 16 PIPS – right direction
(USD/CHF)
a one minute USD/CHF chart
This USD/CHF currency pair moved down/up/down 1st minute about 4 PIPS/ 7 PIPS/ 2 PIPS -
Moved down next 3 minutes about 10 PIPS – wrong direction
Moved up for 4 minutes about 7 PIPS – right direction
(USD/JPY)
a one minute USD/JPY chart
This USD/JPY currency pair spiked down/up/down 1st minute about 2 PIPS/ 8 PIPS/ 4 PIPS -
Moved up for 23 minutes about 9 PIPS – right direction
The next scheduled release of these reports is on Tuesday, 02-28-12 at 8:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.
P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.
