The Fundamental FOREX Blog » Employment Economics

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Fri, 11 May 2012 18:19:05 +0000

On 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 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.

Preview – CAD Employment Change and Unemployment Rate reports

shark — Thu, 10 May 2012 14:22:49 +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 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 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.

Follow Up – USD ADP Non- Farm Employment change report

shark — Wed, 02 May 2012 15:58:06 +0000

This USD ADP Non-Farm Employment Change report came out this week, and was good enough “off forecast” for a trade!

I did not enter a trade this time! – 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?

Disclaimer:

I will continue recording the news reports.

On Wednesday, 05-02-12 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, 05-01-12, click here for a review.

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 209K—————revised = 201K

Forecast = 179K—————revised = 178K

Actual = 119K

Here is how I was set up and what happened:

USD-6-15AM-ET-05-02-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________179K________209K
____119K_______ 178K________ 201K
out at 229K or higher – SELL GBP/USD
out at 129K or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 60 K
Bad – “actual” came out lower than revised “forecast” by 59 K
Bad – “actual” came out lower than “previous” by 90 K
Bad – “actual” came out lower than revised “previous” by 82 K

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 moved down for 50 minutes about 21 PIPS – right direction – 2nd best

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD spiked up/down 1st 2 minutes about 9 PIPS/ 20 PIPS
Moved up for 12 minutes about 17 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD ranged for 5 minutes
Ranged for next 10 minutes

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved up/down 1st minute about 2 PIPS/ 4 PIPS
Moved down for 9 minutes about 8 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD moved up for 2 minutes about 14 PIPS – wrong direction
Ranged for next 10 minutes

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF spiked down/up 1st 2 minutes about 7 PIPS/ 13 PIPS
Moved down for 12 minutes about 11 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY moved down for 7 minutes about 23 PIPS – right direction – Best

The next ADP report is scheduled for Wednesday, 05-30-12 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 ADP Non- Farm Employment change report

shark — Tue, 01 May 2012 13:50:02 +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 24 months. Did not trade last 5 months, even though there
were good triggers.

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

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:

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

Tomorrow, Wednesday, 05-02-12 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 – there was not a good trigger!

I did a “follow up” of the last months report, posted on Friday, 04-06-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 209K

Forecast = 179K

It appears that the employment situation is not improving.

Here is how I am set up for tomorrow:

USD-8-15AM-ET-05-02-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________179K________209K
out at 229K or higher – SELL GBP/USD
out at 129K 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, 05-30-12 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 – USD Non-Farm Employment Change and Unemployment Rate reports

shark — Tue, 10 Apr 2012 14:54:34 +0000

Here is a follow up of last Fridays US Employment reports, the employment change showed some improvement and the Unemployment Rate improved as well

Did not enter a trade – could have, both reports were good for the US.

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, 04-06-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

There was 1 other news release

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

Did not enter a trade – no triggers.

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

Disclaimer:

I will continue recording the news reports.

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

USD Non-Farm Employment Change – Stats

Previous = 227k ———————-revised= 240K

Forecast = 211K ———————-revised= 207K

Actual = 120K

USD Unemployment Rate – Stats

Previous = 8.3%

Forecast = 8.3%

Actual = 8.2%

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

USD-8-30AM-ET-04-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________211K_______227K
_____120K____ 207K_______ 240K
out at 311K or higher – BUY USD/JPY
out at 111K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 91K
Bad – “actual” came out lower than revised “forecast” by 87K
Bad – “actual” came out lower than “previous” by 107K
Bad – “actual” came out lower than revised “previous” by 120K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate
______8.2%______8.3% ______8.3%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

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

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair spiked down 1st minute about 45 PIPS -
Moved up for 13 minutes about 61 PIPS -

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency moved up for 3 minutes about 49 PIPS -
Moved down for 3 minutes about 30 PIPS -

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 3 minutes about 24 PIPS -
Moved down for 3 minutes about 25 PIPS -

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked down 1st minute about 25 PIPS -
Moved up for 26 minutes about 60 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 8 minutes about 50 PIPS -
Moved down for 6 minutes about 23 PIPS -

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down for 13 minutes about 44 PIPS -
Moved up for 6 minutes about 19 PIPS -

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 13 minutes about 123 PIPS -

The next scheduled release of the two major reports is on Friday, 05-04-12 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 — Sun, 08 Apr 2012 14:53:21 +0000

This last Thursday 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 in 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 Thursday, 04-05-12 at 8:30 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 Wednesday, 04-04-12, you can click here to see that post.

Disclaimer:

I will continue recording the news reports.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = -2.8K

Forecast = 12.6K—————-revised = 11.3K

Actual = -82.3K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

Actual = 7.2%

Here is how I was set up and what happened:

CAD-8-30AM-ET-04-05-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.6K________-2.8K
____-82.3K_____ 11.3K_______ -2.8K
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 94.9K
Bad – “actual” came out lower than revised “forecast” by 93.6K
Bad – “actual” came out lower then “previous” by 79.5K

Actual < Forecast = Good for CAD
Unemployment Rate:
______7.2%_____ 7.5% ________7.4%

Good – “Actual” came out lower than “forecast” by 0.3%
Good – “Actual” came out lower than “previous” by 0.2%

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

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 4 minutes about 54 PIPS
Moved up for 6 minutes about 16 PIPS -
Moved down for 16 minutes about 17 PIPS

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 55 minutes about 73 PIPS -

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 3 minutes about 53 PIPS -
Moved down for 6 minutes about 22 PIPS
Moved up for 16 minutes about 34 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 55 minutes about 79 PIPS -

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 55 minutes about 120 PIPS -

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 25 minutes about 59 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 3 minutes about 54 PIPS -
Moved up for 6 minutes about 16 PIPS
Moved down for 17 minutes about 25 PIPS

The next scheduled release of these reports will be on Friday 05-11-12 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.

Follow Up – USD ADP Non- Farm Employment change report

shark — Fri, 06 Apr 2012 16:25:20 +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 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? To see all e-books.

Only a $1.99 each!! From Amazon Kindle.

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

On Wednesday, 04-04-12 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, 04-03-12, click here for a review.

Disclaimer:

I will continue recording the news reports.
Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous =216K—————revised = 230K

Forecast = 209K—————revised = 205K

Actual = 209K

Here is how I was set up and what happened:

USD-8-15AM-ET-04-04-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________209K________216K
_____209K______ 205K________ 230K
out at 259K or higher – SELL GBP/USD
out at 159K or lower – BUY GBP/USD

Neutral – “actual” came out same as “forecast”
Good – “actual” came out higher than revised “forecast” by 4K
Bad – “actual” came out lower than “previous” by 7K
Bad – “actual” came out lower than revised “previous” by 21K

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

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved up for 4 minutes about 13 PIPS
Moved down for 7 minutes about 14 PIPS

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD range for 5 minutes
Moved down for 6 minutes about 16 PIPS
Ranged

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD small move down 1st minute
Moved up for 7 minutes about 12 PIPS
Ranged

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved up for 4 minutes
Moved down for 4 minutes about 19 PIPS

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD range for 4 minutes
Moved up for 23 minutes about 17 PIPS

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF move up for 3 minutes
Moved down next minute about 4 PIPS
Moved up for 6 minutes about 13 PIPS

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY move up for 2 minutes about 11 PIPS
Moved down for 35 minutes about 18 PIPS

The next ADP report is scheduled for Wednesday, 05-02-12 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, 05 Apr 2012 14:38:31 +0000

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

I did not trade in March – no good trigger, and 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:

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

Tomorrow, on Friday, 04-06-12 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.

I did not trade in February – no good trigger, and no conflict

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

Disclaimer:

I will continue recording the news reports.

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

USD Non-Farm Employment Change – Stats

Previous = 227K

Forecast = 211K

USD Unemployment Rate – Stats

Previous = 8.3%

Forecast = 8.3%

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-04-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD
USD Non-Farm Employment Change
——actual——–forecast——–previous
______________211K_______227K
out at 311K or higher – BUY USD/JPY
out at 111K or lower – SELL USD/JPY

USD Unemployment Rate
_______________8.3% ______8.3%
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, 05-05-12 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 — Wed, 04 Apr 2012 14:38:59 +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 and 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:

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

Disclaimer:

I will continue recording the news reports.

Tomorrow, Thursday, 04-05-12 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:
CAD Building Permits m/m
Released monthly by Statistics Canada

USD Unemployment Claims
Released weekly by the 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 not good and there was conflict.

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = -2.8K

Forecast = 12.6K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

The Unemployment Rate “forecast“ shows an increase, 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-8-30AM-ET-04-05-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.6K________-2.8K
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF
Employment Rate:
_______________ 7.5% ________7.4%

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

The next schedule release of these reports is Friday, 05-11-12 at 7:30 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.

Preview – USD ADP Non- Farm Employment change report

shark — Tue, 03 Apr 2012 14:58:42 +0000

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

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Currently these titles are available:

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

Tomorrow, Wednesday, 04-04-12 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 – there was not a good trigger!

I did a “follow up” of the last months report, posted on Friday, 03-09-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 216K

Forecast = 209K

It appears that the employment situation is not improving.

Here is how I am set up for tomorrow:

USD-8-15AM-ET-04-04-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________209K________216K
out at 259K or higher – SELL GBP/USD
out at 159K 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, 05-02-12 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.