If both come out in the same direction and beyond the “forecast” far enough – a good trade may be the order of the day.

I did not enter a trade last month with this report – there was a good trigger and there was no conflict.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Thursday, 05-24-12 at 8:30 AM ET, the Census Bureau will release the monthly reports USD Core Durable Goods Orders MoM and USD Durable Goods Orders MoM.

I did not enter a trade last month with this report – there was a good trigger and there was no conflict.

My last “follow up” post concerning these USD reports was on Tuesday, 05-01-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = -0.8%

Forecast = 1.2%

USD – Durable Goods Orders m/m – Stats

Previous = -4.0%

Forecast = 0.5%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-05-24-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.2%________-0.8%
out at 2.7% or higher – SELL GBP/USD
out at -0.3% or lower – BUY GBP/USD

It appears that the economists believe that durable goods orders and core durable goods orders are not in conflict again this month, possible trade situation – check the FOREX Calendars.

The Core Durable Goods Orders appear to have the greatest impact on the currency market, but if they both do not come out moving in the same direction, either positive or negative, there can be a conflict, who knows what may happen then.

I will post a “follow up” report of the results.

The next scheduled release of these two reports on Thursday, 05-24-12 at 7:30 AM ET.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for several videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Wednesday, 05-23-12 at 10:00 AM ET, the USD New Home Sales monthly report will be released by the Census Bureau

I was out of town last release – no trade.

I did a “follow up” of the last “preview” post of these reports on Saturday, 03-24-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is what is coming up tomorrow:

USD – New Home Sales – Stats

Previous = 328K    

Forecast = 335K    

Here is how I am set up for tomorrow:

USD-10-00AM-ET-05-23-12
Looking for a 30K difference
Actual > Forecast = Good for the USD
USD New Home Sales
——actual———-forecast——previous
____________________335K _____328K
out at 365K or higher – BUY USD/JPY
out at 305K or lower – SELL USD/JPY

Remember, what has happened in the past may not repeat itself under similar circumstances.

I will post a “follow up” post of these reports.

The next scheduled report is on Monday, 06-25-12 at 10:00 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 several videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

There was not a good trigger last month, did not enter a trade

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Tuesday, 05-22-12 at 10:00 AM ET one important USD report is to be released, this is the USD Existing Home Sales report, released monthly by the National Association of Realtors.

There are 2 other news release as well:

USD Richmond Manufacturing Index
Released monthly by Federal Reserve Bank of Richmond

EUR Consumer Confidence
Released monthly by Eurostat

There was not a good trigger last month, did not enter a trade

I did a “follow up” post on the April report, click here for a review.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.48 M

Forecast = 4.64 M

This “forecast” indicates that there will be a decrease of home sales of about 160,000 homes over last months sales.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-05-22-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.64M________4.48M
Out at 4.84M or Higher – SELL EUR/USD
Out at 4.44M or Lower – BUY EUR/USD

I think that a good difference between the “actual” and the “forecast” of say 200K or more could present a brief “scalp” opportunity with the currency pair EUR/USD currency pair.

Here is a video of  a trade setup and results for the news release on Wednesday 09-21-11

I will post a “follow up” on the results of this report.

The next release of theses reports will be on Thursday, 06-21-12 at 10:00 AM ET.

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

So, 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.

I did not set up for a trade last month. There was no trigger for the month of  March.

There was not a good difference between the “actual” and the “forecast” in March, and there was a possible conflict, I did not enter a trade.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Tuesday 05-22-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 3 other report:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY
GBP HPI y/y

I did post a “follow up” of the March report, click here to see what happened.

The CPI, HPI y/y and RPI are released by the U.K.s National Statistics on a monthly basis.

Here is what is going on tomorrow:

GBP Consumer Price Index YoY  stats:

previous = 3.5%

forecast = 3.1%

Looks like the economists think that the Canada’s economy will decrease..

Watch that the “Core CPI” goes in the same way – minor conflict if it does not.

Here is how I am set up for tomorrow:

GBP 4-30AM-ET-05-22-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________3.1%_______3.5%
Out at 3.3 % or higher – BUY GBP/USD
Out at 2.9 % or lower – SELL GBP/USD

There was not a good difference between the “actual” and the “forecast” in March, and there was possible conflict, I did not enter a trade.

I will post a “follow up” soon after this news report is over.

The next scheduled release of these reports is on Tuesday, 06-19-12 at 4:30 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.

Did not enter a trade this time! No trigger – no conflict

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On  Tuesday, 05-15-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

Three other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

USD Core CPI MoM      
USD CPI MoM      
Released monthly by the Bureau of Labor Statistics

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

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Did not enter a trade this time! no trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM  stats

Previous = 0.8%

Forecast = 0.3%

Actual = 0.1%

USD – Retail Sales MoM  stats

Previous = 0.8% ————–revised = 0.7%

Forecast = 0.2%

Actual = 0.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-05-15-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_____0.1%______0.3%______   0.8%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.7%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.2%________ 0.8%
_____0.1%______ 0.2%________ 0.7%

Bad – “actual” came out lower than “forecast” by 0.1%
Bad – “actual” came out lower than “previous” by 0.7%
Bad – “actual” came out lower than revised “previous” by 0.6%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD ranged for 10 minutes
Moved down for 34 minutes about 58 PIPS - wrong direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD ranged for 26 minutes
Moved down for 16 minutes about 68 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD moved down for 42 minutes about 33 PIPS - wrong direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD ranged down for 26 minutes – wrong direction
Moved down for 15 minutes about 35 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 6 minutes about 17 PIPS – right direction
Ranged for 13 minutes
Moved up for 22 minutes about 51 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF ranged for 26 minutes
Moved up for 16 minutes about 50 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY moved up for 3 minutes about 14 PIPS – wrong direction
Ranged

The next time this will be released will be on Wednesday, 06-13-12 at 8:30 AM ET.

I will post a “preview” a day or 2 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.

Not a good trigger and conflict! No trade.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Tuesday, 05-15-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report was released.

The EUR Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

There are 3 other news release as well:

EUR ZEW Economic Sentiment
Released monthly by ZEW

EUR Flash GDP q/q
Released quarterly by EUROSTAT

GBP CB Leading Index m/m
Released monthly by The Conference Board

I did not enter a trade this time – EUR/USD!!! – no good trigger and  conflict!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

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

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is the set up:

EUR German ZEW Economic Sentiment  Stats:

previous = 23.4

forecast = 19.2——————–revised = 19.1

actual = 10.8

Here is how I was set up and what happened:

EUR-4-00AM-ET-05-15-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________19.2________23.4
_____10.8________ 19.1 ________23.4
Out at 29.2 more BUY EUR/USD
Out at 09.2 less SELL EUR/USD

Bad – “actual” came out lower than “forecast” by 8.4
Bad – “actual” came out lower than revised “forecast” by 8.3
Bad – “actual” came out lower than “previous” by 12.6

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD currency pair moved down for 21 minutes about 15 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 22 minutes about 14 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair nothing

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair  moved down for 47 minutes about 8 PIPS – right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair small down/up 1st minutes
Moved down for 40 minutes about 17 PIPS – right direction – 2nd best

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD currency pair Ranged for 6 minutes
Moved down for 15 minutes about 20 PIPS – right direction – BEST

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 11 minutes
Moved down for 30 minutes about 10 PIPS – right direction

The next reports are scheduled for Tuesday, 06-19-12 at 5:00 AM ET, I have noticed lately that schedules are sometimes changed during the time periods between scheduled reports.

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 several videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

These Retail Sales reports forecast are not in conflict this time.

I did not enter a trade last month – no trigger, but no conflict!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Tuesday, 05-15-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports will be released.

These two reports are released monthly by the Census Bureau.

Three other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

USD Core CPI MoM      
USD CPI MoM   
Released monthly by the Bureau of Labor Statistics

I did not enter a trade last month – no trigger, but, no conflict!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

I did a “follow up” post of last months news release, click here to see what happened.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market. But – important they both go in the same direction.

Here is what is happening on Tuesday, 05-15-12:

USD – Core Retail Sales MoM  stats

Previous = 0.8%           

Forecast = 0.3%     

USD – Retail Sales MoM  stats

Previous = 0.8%

Forecast = 0.2%

The economists believe the Retails Sales reports are not improving for the economy.

Both reports are forecast for a down turn in the economy.

Here is how I am set up for tomorrow:

USD-8-30AM-ET-05-15-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_______________0.3%______   0.8%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.2%________ 0.8%

Also, pay attention to your “broker spread” when selecting currency pairs to trade.

I did post a “follow up” of this report soon after, click here to see what happened.

The next time this is scheduled to be released is on Wednesday, 06-13-12 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

I did not enter a trade last month – not a good trigger!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Tuesday. 05-15-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report will be released.

The EUR German Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

Along with 3 other news reports:

EUR ZEW Economic Sentiment
Released monthly by ZEW

EUR Flash GDP q/q
Released quarterly by EUROSTAT

GBP CB Leading Index m/m
Released monthly by The Conference Board

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

I did not enter a trade last month – not a good trigger!

I did a “follow up” of the April report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is what is going on this month:

EUR German ZEW Economic Sentiment  Stats:

previous = 23.4

forecast = 19.2

Here is how I am set up for tomorrow:

EUR-5-00AM-ET-05-15-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________19.2________23.4
Out at 29.2 more BUY EUR/USD
Out at 09.2 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________11.7________13.1

It appears that the economists believe the EUR German economy is not in recovery and neither is the EUR Zone for that matter.

I did post a “follow up” soon after this report was completed, click here to see what happened.

The next schedule release of this report is Tuesday, 06-19-12 at 5:00 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

This time there was a good amount of a difference between the “actual” and the “forecast”, and, the  reports were in conflict but not much.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Friday, 05-11-12 at 8:30 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:

USD PPI m/m   
USD  Core PPI m/m
Released monthly by Department of Labor

I did a post “preview” on Thursday, 05-10-12, you can click here to see that post.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = 82.3K

Forecast = 12.9K—————-revised = 10.1K

Actual = 58.2K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

Actual = 7.3%

Here is how I was set up and what happened:

CAD-8-30AM-ET-05-11-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.9K________82.3K
____58.2K______ 10.1K _______82.3K
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 45.3K
Good – “actual” came out higher than revised “forecast” by 48.1K
Bad – “actual” came out lower then “previous” by 24.1K

Actual < Forecast = Good for CAD
Unemployment Rate:
_____7.3%_______ 7.3% ________7.2%

Neutral – “Actual” came out same as “forecast”
Bad – “Actual” came out higher than “previous” by 0.1%

I did not enter a trade this time, Good trigger and a conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 60 minutes about 81 PIPS - right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 58 minutes about 68 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 37 minutes about 53 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 58 minutes about 95 PIPS - right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 54 minutes about 134 PIPS – right direction – BEST

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 60 minutes about 65 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 40 minutes about 63 PIPS – right direction

The next scheduled release of these reports will be on Friday 06-08-12 at 8:30 AM ET.

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

Remember, “Past performances are not an indication of future results!”

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.

I did not enter a trade last month – the trigger was good, but there was conflict.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Friday, 05-11-12 at 8:30 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:

USD PPI m/m   
USD  Core PPI m/m   
Released monthly by Department of Labor

I did a post “follow up” of last months reports, you can click here to see that post.

I did not enter a trade last month – the trigger was good, but there was conflict.

These two reports are at times conflicting, so  –  be aware!

Here is the set up tomorrow:

CAD Employment Change  stats:

Previous = 82.3K

Forecast = 12.9K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

The Unemployment Rate “forecast“ shows an increase, which will not be good  for the CAD.

And, the “forecast” for the Employment Change is not good for the Canadian economy.

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

CAD-8-30AM-ET-05-11-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.9K________82.3K
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF
Unemployment Rate:
_______________ 7.3% ________7.2%

Again, I will be looking for at least a 15K to 20K difference between the “actual” and the “forecast” of the Change in Employment – also, at least a 0.1% change in the Unemployment rate. Of course, both either in favor of or against the CAD.

I did post a “follow up” soon after, click here to see what happened.

The next schedule release of these reports is Friday, 06-08-12 at 8:30 AM ET, I will probably post a “preview” a day or two prior.

Remember, “Past performances are not an indication of future results!”

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.