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.

There was a good trigger – but, 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.

Here is a Video of the above news release on Monday the 6th of September, 2011.

On Monday, 05-07-12 at 6:00 AM ET. The EUR – German Factory Orders MoM was released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

Click here to see this months “preview” post of this report.

Good trigger – but no trade!

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 happened:

EUR – German Factory Orders MoM stats:

Previous = 0.3%——————revised = 0.6%

Forecast = 0.5%

Actual = 2.2%

Here is how I was set up and what happened:

EUR-6-00AM-ET-05-07-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________0.5%_______0.3%
_____2.2% _____0.5%______ 0.6%
Out at 1.8% or higher – BUY EUR/JPY
Out at -0.8% or lower – SELL EUR/JPY

Good – “actual” came out higher than “forecast” by 1.7%
Good – “actual” came out higher than “previous” by 1.9%
Good – “actual” came out higher than revised “previous” by 1.6%

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD- currency pair ranged up/down/up 1st minute
Moved up for b7 minutes about 21 PIPS – right direction – BEST

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 7 minutes about 15 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair minor range

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved up for 7 minutes about 6 PIPS - right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 7 minutes about 16 PIPS – right direction

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD- currency pair ranged up/down/up 1st minute
Moved up for 6 minutes about 18 PIPS – right direction – 2nd best

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair moved up for 7 minutes about 17 PIPS – right direction

The next scheduled release of this report is on Tuesday, 06-05-12 at 6:00 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.

I did not trade in April, not enough difference!

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?

Tomorrow, Monday, 05-07-12 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

I did post a follow up report for the month of April, click here to see what happened.

I also posted a video history report, click here to see what happened:

I did not trade in April!

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.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 0.3%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-05-07-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________0.5%_______0.3%
Out at 1.8% or higher – BUY EUR/JPY
Out at -0.8% or lower – SELL EUR/JPY
Watch for retrace second minute!

I think the departure from the “forecast” is going to have to be big, maybe more than 2.0% either way.

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

The next schedule for this EUR – German Factory Orders report will be on Tuesday, 06-05-12 at 6:00 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.

Both reports were such that they were not in conflict – and, I did not enter a trade this time!

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?

On Wednesday, 04-25-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

I did not enter a trade this time, there was enough difference – and the reports were not  in conflict.

My “preview” post concerning these reports was on Tuesday, 04-24-12, 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 how the reports for this month were set up and the results:

USD – Core Durable Goods Orders m/m – Stats

Previous = 1.8%——————revised = 1.9%

Forecast = 0.6%

Actual = -1.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-04-25-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.8%
____-1.1%_____ 0.6% _______1.9%
out at 2.1% or higher – SELL GBP/USD
out at -0.9% or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 1.7%
Bad – “actual” came out lower than “previous” by 2.9%
Bad – “actual” came out lower than revised “previous” by 3.0%

There was a good enough difference between the “actual” and “forecast” to enter a trade, and there was no conflict between the 2 reports but, I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair ranged down for 18 minutes about 12 PIPS – wrong direction
Moved up for 37 minutes about 16 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 3 minutes about 9 PIPS – right direction
Moved down for 14 minutes about 20 PIPS – wrong direction
Moved up for 27 minutes about 28 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 11 minutes about 11 PIPS – right direction
Moved down for 20 minutes about 19 PIPS – wrong direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair ranged down for 18 minutes about 7 PIPS - wrong direction
Moved up for 20 minutes about 19 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair ranged for 16 minutes
Moved up for 6 minutes about 11 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF currency chart

This USD/CHF currency pair moved down for 2 minutes about 6 PIPS – right direction
Moved up for 16 minutes about 14 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 4 minutes about 7 PIPS – right direction
Moved up for 44 minutes about 14 PIPS – wrong direction

The next scheduled release of these reports is on Thursday, 05-24-12 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.

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 not a good trigger 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:

“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, 04-25-12 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!!

My last “follow up” post concerning these USD reports was on Thursday, 03-29-12, 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 = 1.8%

Forecast = 0.6%

USD – Durable Goods Orders m/m – Stats

Previous = 2.4%

Forecast = -1.5%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-04-25-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.8%
out at 2.1% or higher – SELL GBP/USD
out at -0.9% 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 did post a “follow up” report of the results, click here to see what happened.

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.

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 I suggest, take each news report with a “grain of salt”.

I will continue recording the news reports.

On Thursday, 04-05-12 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report was released.

This report is released by Richard Ivey School of Business on a monthly basis.

Also:

GBP NIESR GDP Estimate   
Released monthly by NISRE

I did not enter a trade this month – bad trigger!

I did a “preview“ post on Wednesday, 04-04-12, click here to see what was happening.

Here is a video of a trade of this Canadian report on Wednesday the 8th of September, 2010

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 66.5

forecast = 64.8—————–revised = 65.2 55.7

actual = 63.5

Here is how I was set up and what happened:

CAD-10-00AM-ET-04-05-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________64.8________66.5
_____63.5________ 65.2________ 66.5
Out at 68.8 or higher – SELL EUR/CAD
Out at 60.8 or lower – BUY EUR/CAD

Bad – “actual” came out lower than “forecast” by 1.3
Bad – “actual” came out lower than revised “forecast” by 1.7
Bad – “actual” came out lower than “previous” by 3.0

And, here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair ranged

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair ranged

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 10 minutes about 15 PIPS
Moved down for 16 minutes about 20 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair ranged for 12 minutes
Moved up for 6 minutes about 13 PIPS

The next scheduled release of this Canadian report will be on Friday, 05-04-12, 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 some 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 – and 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?

Here is a Video of the above news release on Monday the 6th of September, 2011.

On Wednesday, 04-04-12 at 6:00 AM ET. The EUR – German Factory Orders MoM was released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.  http://www.bundesbank.de/index.en.php

Click here to see this months “preview” post of this report.

No trigger – no trade!

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 happened:

EUR – German Factory Orders MoM stats:

Previous = -2.7%——————revised = -1.8%

Forecast = 1.3%——————revised = 1.2%

Actual = 0.3%

Here is how I was set up and what happened:

EUR-6-00AM-ET-04-04-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________1.3%_______-2.7%
_____0.3% _____1.2% ______-1.8%
Out at 1.6% or higher – BUY EUR/JPY
Out at 0.0% or lower – SELL EUR/JPY
Watch for retrace second minute!

Bad – “actual” came out lower than “forecast” by 1.0%
Bad  – “actual” came out lower than revised “forecast” by 0.9%
Good – “actual” came out higher than “previous” by 3.0%
Good – “actual” came out higher than revised “previous” by 2.1%

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD- currency pair ranged

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged for 8 minutes
Moved down for 10 minutes about 9 PIPS

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved down for 27 minutes about 5 PIPS

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved down for 27 minutes about 14 PIPS

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved down for 17 minutes about 28 PIPS

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD- currency pair spiked down/up 1st minute about 15 PIPS/ 9 PIPS
moved up for 20 minutes about 16 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair ranged for 7 minutes
Moved down for 18 minutes about 16 PIPS

The next scheduled release of this report is on Monday, 05-07-12 at 6:00 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.

I did not enter a trade this time

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?

On Thursday, 04-02-12 at 10:00 AM ET the USD ISM Manufacturing PMI report was released along with two other reports.

USD Construction Spending (MoM)
USD ISM Manufacturing Prices

USD ISM Manufacturing PMI has the greatest impact on the currency markets.

The USD ISM Manufacturing PMI is released by the Institute of Supply Management
and is released monthly,

and the Construction Spending is released by the Census Bureau and is released monthly.

And the USD ISM Manufacturing Prices is released by Institute for Supply Management.

I did a “preview” post for this month, 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.

I did not enter a trade this time

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 52.4

Forecast = 53.3

Actual = 53.4

Here is how I was set up and what happened.

USD-10-00AM-ET-04-02-12
Looking for a Change of 2 to 3
Actual >  Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
____53.4______53.3_______52.4
out at 55.3 or higher – BUY USD/JPY
out at 51.3 or lower – SELL USD/JPY

Good – “actual” came out higher than “forecast” by 0.1
Good – “actual” came out higher than “previous” by 1.0

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 20 minutes about 26 PIPS

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD moved down for 2 minutes about 8 PIPS
Moved up for 17 minutes about 16 PIPS

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD ranged down for 2 minutes
Moved up for 17 minutes about 22 PIPS

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved up for 21 minutes about 25 PIPS

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 56 minutes about 23 PIPS

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF moved up for 2 minutes about 6 PIPS
Moved down for 17 minutes about 12 PIPS

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY moved up for 19 minutes about 26 PIPS

The next scheduled release of  this report will be on Tuesday, 05-01-12 at 10:00 AM ET along with several other USD reports.

I will probably post a “preview” 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.

Last month I did not enter a trade of the Canadian  IVEY Purchasing Managers Index report – the trigger was good.

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?

Tomorrow, Tuesday, 03-06-12 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report will be released.

I have publish a short e-book on the Amazon Kindle site, the book shows 3 trades traded over the last 2 years, along with charts and videos.

Here is one the videos presented in the e-book:

This report is released by Richard Ivey School of Business on a monthly basis.

Also:

GBP NIESR GDP Estimate
Released monthly by NISRE

I did not enter a trade last month.

I did a follow up post the last time this was released, click here to see what happened.

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 happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 66.5

forecast = 64.8

Here is how I am set up:

CAD-10-00AM-ET-04-05-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________64.8________66.5
Out at 68.8 or higher – SELL EUR/CAD
Out at 60.8 or lower – BUY EUR/CAD

I believe I will set up to trade the currency pair EUR/CAD again this time – so, if the “actual” comes out with a difference of at least 4.0 from the “forecast” – a trade may be in the works.

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

The next scheduled release of this Canadian report will be on Thursday, 04-05-12, at 9:00 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.

No trigger, close – Did not enter a trade this time!

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?

On Monday, 04-02-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Sunday, 04-01-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

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.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index  stats:

Previous = 51.2——————–revised = 51.5

Forecast = 50.5——————–revised = 50.6

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI    
——actual——forecast—–previous
_____________50.5_______51.2
_____52.1____ 50.6 _______51.5
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF

Good – “actual” came out higher than “forecast” by 1.6
Good – “actual” came out higher than revised “forecast” by 1.5
Good – “actual” came out higher than “previous” by 0.9
Good – “actual” came out higher than revised “previous” by 0.6

No trigger, close – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked down/up for 2 minutes about 9 PIPS/ 2 PIPS
Scheduled release: moved down for 13 minutes about 19 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 9 PIPS
Scheduled release: moved up for 16 minutes about 41 PIPS – right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 11 PIPS
Scheduled release: moved up for 15 minutes about 38 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 8 PIPS
Scheduled release: moved up for 13 minutes about 33 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 11 PIPS/ 9 PIPS
Scheduled release: moved up for 9 minutes about 17 PIPS – right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes about 17 PIPS/ 7 PIPS
Scheduled release: moved up for 15 minutes about 45 PIPS – right direction – best

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 12 PIPS
Scheduled release: moved up for 13 minutes about 18 PIPS - right direction

The next time this report is scheduled for release will be on Tuesday, 05-01-12 at 4:28 AM ET, and 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.