The Fundamental FOREX Blog » Employment Economics

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Wed, 08 Feb 2012 15:39:03 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate went down.

Did not enter a trade.

Want more 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 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” NEW

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

On Friday, 02-03-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

Also, 1 other report:

The USD Average Hourly Earnings m/m report
Released monthly by the Bureau of Labor Statistics

I did not 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 = 200k ———————-revised= 203K

Forecast = 153K ———————-revised= 150K

Actual = 243K

USD Unemployment Rate – Stats

Previous = 8.5%

Forecast = 8.5%

Actual = 8.3%

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

USD-8-30AM-ET-02-03-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________153K_______200K
_____243K____ 150K_______ 203K
out at 253K or higher – SELL EUR/USD
out at 53K or lower – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 90K
Good – “actual” came out higher than revised “forecast” by 93K
Good – “actual” came out higher than “previous” by 43K
Good – “actual” came out higher than revised “previous” by 40K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.3%______8.5% ______8.5%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.2%
Good – “actual” came out lower than “forecast” by 0.2%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair moved up for 8 minutes about 58 PIPS – wrong direction
Moved down for 14 minutes about 43 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency moved up for 2 minutes about 35 PIPS – wrong direction
Moved down for 50 minutes about 140 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair spiked up/down 1st minute about 21 PIPS/12 PIPS -
Ranged for 7 minutes
Moved down for 17 minutes about 71 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked up/down for 2 minutes about 35 PIPS/11 PIPS -
Ranged for 8 minutes
Moved down for 11 minutes about 32 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked down/up for 2 minutes about 44 PIPS/5 PIPS -
Ranged for 13 minutes
Moved up for 5 minutes about 15 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair spiked down/up for 2 minutes about 25 PIPS/9 PIPS -
Moved up for 3 minutes about 43 PIPS – right direction
Moved down for 4 minutes about 30 PIPS – wrong direction

Ranged for 3 minutes

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 18 minutes about 41 PIPS – right direction
Ranged

The next scheduled release of the two major reports is on Friday, 03-09-12 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.

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Tue, 07 Feb 2012 15:13:19 +0000

This last Friday the Canadian Employment Change and Unemployment Rate were released – I did not enter a trade this time,

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

Want more 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:

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

On Friday, 02-03-12 at 7:00 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

I did a post “preview” on Thursday, 02-02-12, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = 17.5K

Forecast = 23.3K

Actual = 2.3K

CAD Unemployment Rate stats:

Previous = 7.5%

Forecast = 7.5%

Actual = 7.6%

Here is how I was set up and what happened:

CAD-7-00AM-ET-02-03-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________23.3K________17.5K
_____2.3K______ 23.3K _______17.5K
out at 43.3K or higher – BUY CAD/CHF
out at 03.3K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 21.0K
Bad – “actual” came out lower then “previous” by 15.2K

Actual < Forecast = Good for CAD
Employment Rate:
_____7.6%_______ 7.5% ________7.5%

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

I did not enter a trade this time, good trigger and no conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved up for 23 minutes about 24 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved down for 25 minutes about 21 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 25 minutes about 15 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 25 minutes about 25 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 25 minutes about 34 PIPS – right direction–Best

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 25 minutes about 21 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 57 minutes about 25 PIPS – right direction

The next scheduled release of these reports will be on Friday 03-09-12 at 7:00 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.

Follow Up – USD ADP Non- Farm Employment change report

shark — Sat, 04 Feb 2012 16:57:03 +0000

This USD ADP Non-Farm Employment Change report came out this week, but was not good enough “off forecast” for a trade!

I did not enter a trade this time! – No Trigger

Want more 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:

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

On Wednesday, 02-01-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” was released by Automatic Data Processing, Inc.

I did a “preview” of this months report, posted on Tuesday, 01-31-12, click here for a review.

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 325K—————revised = 292K

Forecast = 189K

Actual = 170K

Here is how I was set up and what happened:

USD-8-15AM-ET-02-01-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________189K________325K
_____170K______ 189K________ 292K
out at 239K or higher – SELL GBP/USD
out at 139K or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 19K
Bad – “actual” came out lower than “previous” by 155K
Bad – “actual” came out lower than revised “previous” by 122K

I did not enter a trade this time! There was a good “trigger”.

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD ranged down for 12 minutes about 9 PIPS – wrong direction
Moved up for 25 minutes about 19 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD ranged for 12 minutes
Ranged

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD ranged down for 59 minutes about 26 PIPS - wrong direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD ranged for 12 minutes
Moved up for 43 minutes about 18 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD spiked up for 2 minutes about 4 PIPS – wrong direction
Moved down for 5 minutes about 9 PIPS – right direction
Moved up for 5 minutes about 11 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF ranged

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY ranged for 4 minutes
Moved down for 3 minutes about 4 PIPS - right direction
Ranged for 5 minutes

The next ADP report is scheduled for Wednesday, 03-07-12 at 8:15 AM ET.

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

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.

Preview – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Thu, 02 Feb 2012 16:09:13 +0000

Tomorrow the US will release the Unemployment Rate and the Non-Farm Employment Change – tomorrows reports have mixed forecasts – there could be conflict.

Want to add more options to your currency 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 New Zealand Retail Sales Report – M over M – News Report” NEW
“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”

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

Tomorrow, on Friday, 02-03-12 at 8:30 AM ET, the Bureau of Labor Statistics will release the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

USD Average Hourly Earnings m/m
Released monthly by Bureau of Labor Statistics

I did not trade in January

I did a “follow up” post for January release, click here for a review.

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

USD Non-Farm Employment Change – Stats

Previous = 200K

Forecast = 153K

USD Unemployment Rate – Stats

Previous = 8.5%

Forecast = 8.5%

It appears that the economists believe that the Employment Change is not going to improve and that the Employment Rate is not going to be an improvement for the economy!

It is difficult for me to say which report will have the greatest impact on the market, some say that the Employment Change is the report that has the most impact.

I am going to watch both very carefully, hopefully they will come out in the same direction – Employment Change will improve and Unemployment Rate will go down, or a reversal of both.

Here is how I am set up for tomorrow:

USD-8-30AM-ET-02-03-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________153K_______200K
out at 253K or higher – SELL EUR/USD
out at 53K or lower – BUY EUR/USD
USD Unemployment Rate
_______________8.5% ______8.5%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

I did post a “follow up” of these reports, click here to see what happened.

The next release of these reports is scheduled for Friday, 03-09-12 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.

Preview – CAD Employment Change and Unemployment Rate reports

shark — Thu, 02 Feb 2012 15:22:59 +0000

When Canadian Employment Change and Unemployment Rate reports are released at the same time – confusion may rule, especially if the “forecasts” for each are in conflict.

I did not enter a trade last month – the trigger was not good.

Want to add more options to your currency 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:

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

Tomorrow, Friday, 02-03-12 at 7:00 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

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 not good.

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = 17.5K

Forecast = 23.3K

CAD Unemployment Rate stats:

Previous = 7.5%

Forecast = 7.5%

The Unemployment Rate “forecast“ shows no change, which will not be good for the CAD.

And, the “forecast” for the Employment Change is good for the Canadian economy.

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

CAD-7-00AM-ET-02-03-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________23.3K________17.5K
out at 43.3K or higher – BUY CAD/CHF
out at 03.3K or more – SELL CAD/CHF
Employment Rate:
______________ 7.5% ________7.5%

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, 03-09-12 at 7:00 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.

Preview – USD ADP Non- Farm Employment change report

shark — Tue, 31 Jan 2012 16:37:53 +0000

US Employment reports have become important indicators of the US economy over the last 2 years. The ADP Non-Farm Employment change is tomorrow – I have traded this report 7 times out of the last 22 months.

Did not trade last 2 months, even though there were good triggers.

It appears that the employment situation is not predicted to be improving.

Want to add more options to your currency 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:

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

Tomorrow, Wednesday, 02-01-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” will be released by Automatic Data Processing, Inc.

I did not enter a trade last time – even though there was a good trigger!

I did a “follow up” of the last months report, posted on Saturday, 01-07-12, click here for a review.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 325K

Forecast = 189K

It appears that the employment situation is not improving.

Here is how I am set up for tomorrow:

USD-8-15AM-ET-02-01-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________189K________325K
out at 239K or higher – SELL GBP/USD
out at 139K or lower – BUY GBP/USD

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

The next ADP report is scheduled for Wednesday, 03-07-12 at 8:15 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.

Follow Up – AUD Employment Change and AUD Unemployment Rate reports

shark — Sat, 21 Jan 2012 15:50:48 +0000

Here is a follow up report of the AUD – Employment Change and the AUD Unemployment Rate, released on Wednesday 01-18-12..

I did not trade this time – there was conflict!

Want more 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:

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

On Wednesday, 01-18-12 at 7:30 PM ET, the Australian Bureau of Statistics released the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “preview” of these reports on Tuesday, 01-17-12, click here to review.

I did not trade this time – there was conflict!

Here is how the reports for this month were set up and what happened:

AUD Employment Change – Stats

Previous = -6.3.K—————-revised = -7.5K

Forecast = 10.3K —————-revised = 10.2K

Actual = -29.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.2%

Here is what happened then:

AUD-7-30PM-ET-01-18-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.3K______-6.3K
____-29.3K_____ 10.2K _____-7.5K
out at 30.3K or higher – SELL GBP/AUD
out at -9.7K or lower – BUY GBP/AUD

Bad – “actual” came out lower than “forecast” by 39.6K
Bad – “actual” came out lower than revised “forecast” by 39.5K
Bad – “actual” came out lower than “previous” by 35.3K
Bad – “actual” came out lower than revised “previous” by 36.8K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.3%———— 5.3%
_____5.2%______ 5.3%________ 5.2%

Good – “actual” came out lower than “forecast” by 0.1K
Good – “actual” came out lower than “previous” by 0.1K
Neutral – “actual” came out same as revised “previous”

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF spiked down/up 1st minute about 43 PIPS/ 21 PIPS -
Ranged

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked down/up 1st minute about 35 PIPS/ 12 PIPS -
Moved up next 4 minutes about 10 PIPS – wrong direction
Moved down next 9 minutes about 14 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD spiked down/up 1st minute about 45 PIPS/ 15 PIPS -
Moved up next 2 minutes about 14 PIPS – wrong direction
Moved down next 8 minutes about 12 PIPS – right direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked down/up 1st minute about 52 PIPS/ 24 PIPS -
Moved up next 4 minutes about 10 PIPS – wrong direction
Moved down next 9 minutes about 21 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked up/down 1st minute about 45 PIPS/ 16 PIPS -
Moved down next 2 minutes about 14 PIPS – wrong direction
Ranged

(GBP/AUD)

a one minute GBP/AUD chart

This currency pair GBP/AUD spiked up/down 1st minute about 65 PIPS/ 28 PIPS -
Moved down next 2 minutes about 8 PIPS – wrong direction
Moved up next 11 minutes about 19 PIPS – right direction

The next scheduled release of these two reports on Wednesday, 02-15-12 at 7:30 PM 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.

Preview – AUD Employment Change and AUD Unemployment Rate reports

shark — Tue, 17 Jan 2012 15:40:43 +0000

Australia will release their Employment change and the Unemployment Rate tomorrow evening – one of my favorite reports to trade.

Last month I did not enter a trade – there was a good trigger and no conflict.

The Employment Change “forecast“ shows the economy may be improving for the AUD. The Unemployment Rate remains the same?

Want more 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:

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

On Wednesday, 01-18-12 at 7:30 PM ET, the Australian Bureau of Statistics will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of last months reports on Tuesday, 12-13-11, click here to see what happened.

Last month I did not enter a trade – there was a good trigger and no conflict.

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

AUD Employment Change – Stats

Previous = -6.3K

Forecast = 10.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

The Employment Change and Unemployment Rate “forecast“ shows the economy may be improving for the AUD.

Here is how I am set up for tomorrow:

AUD-7-30PM-ET-01-18-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.3K______-6.3K
out at 30.3K or higher – SELL GBP/AUD
out at -9.7K or lower – BUY GBP/AUD

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.3%———— 5.3%

I would not trade these reports unless they both go in the same direction, that is, both are good for the economy or not good.

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

The next scheduled release of these two reports on Wednesday, 02-15-12 at 7:30 PM 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.

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Thu, 12 Jan 2012 17:03:06 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate went down.

Did not enter a trade.

Want more 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:

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

On Friday, 01-06-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

Also, 1 other report:

The USD Average Hourly Earnings m/m report
Released monthly by the Bureau of Labor Statistics

I did not 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 = 120k ———————-revised= 100K

Forecast = 153K ———————-revised= 152K

Actual = 200K

USD Unemployment Rate – Stats

Previous = 8.6%

Forecast = 8.7%

Actual = 8.5%

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

USD-8-30AM-ET-01-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________153K_______120K
____200K_____ 152K_______ 100K
out at 250K or higher – SELL EUR/USD
out at 53K or lower – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 47K
Good – “actual” came out higher than revised “forecast” by 48K
Good – “actual” came out higher than “previous” by 80K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.5%______8.7% ______8.6%
______8.5%______ 8.7%______ 8.7%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.2%
Good – “actual” came out lower than “forecast” by 0.1%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair spiked up/down 1st minute about 28 PIPS/ 19 PIPS
Ranged 4 minutes
Moved up for 3 minutes about 17 PIPS - wrong direction
Moved down for 9 minutes about 35 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency spiked up/down/up 1st minute about 14 PIPS/ 22 PIPS/ 3 PIPS
Spiked down/up/down nest 2 minutes about 20 PIPS/ 16 PIPS/ 8 PIPS
Moved up for 3 minutes about 20 PIPS – wrong direction
Moved down for 7 minutes about 50 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 16 minutes about 43 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved up for 7 minutes about 23 PIPS – wrong direction
Moved down for 9 minutes about 24 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked down 1st minute about 30 PIPS – wrong direction
Moved up for 12 minutes about 30 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair spiked down/up 1st minute about 7 PIPS/ 15 PIPS
Moved up/down next minute about 13 PIPS/ 10 PIPS -
Moved up/down next 4 minutes about 5 PIPS/ 20 PIPS – wrong direction
Moved up for 6 minutes about 38 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 3 minutes about 16 PIPS - right direction

The next scheduled release of the two major reports is on Friday, 02-03-12 at 8:30 AM ET.

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

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.

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Tue, 10 Jan 2012 17:14:07 +0000

This last Friday the Canadian Employment Change and Unemployment Rate were released – I did not enter a trade this time,

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

Want more 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:

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

On Friday, 01-06-12 at 7:00 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

I did a post “preview” on Thursday, 01-05-12, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = -18.6K

Forecast = 15.3K——————-revised = 17.8K

Actual = 17.5K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.4%

Actual = 7.5%

Here is how I was set up and what happened:

CAD-7-00AM-ET-01-06-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________15.3K________-18.6K
____17.5K ______17.8K_______ -18.6K
out at 35.3K or higher – BUY CAD/CHF
out at -04.7K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 2.2K
Bad – “actual” came out lower than revised “forecast” by 0.3K
Good – “actual” came out higher then “previous” by 36.1K

Actual < Forecast = Good for CAD
Employment Rate:
_____7.5%_______ 7.4% ________7.4%

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

I did not enter a trade this time, no trigger and conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved up for 6 minutes about 24 PIPS -
moved down for 13 minutes about 19 PIPS -

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved down for 7 minutes about 32 PIPS -
moved up for 13 minutes about 10 PIPS -

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 7 minutes about 20 PIPS -
moved up for 14 minutes about 8 PIPS -

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 7 minutes about 41 PIPS -
moved down for 14 minutes about 13 PIPS -

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 7 minutes about 41 PIPS -
moved down for 8 minutes about 23 PIPS -

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 7 minutes about 23 PIPS -
moved down for 11 minutes about 13 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 7 minutes about 27 PIPS -
moved down for 4 minutes about 9 PIPS -

The next scheduled release of these reports will be on Friday 02-03-12 at 7:00 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.