The Fundamental FOREX Blog » Manufacturing Industry

Follow Up – USD ISM Manufacturing PMI report

shark — Sun, 05 Feb 2012 18:31:08 +0000

Here is the “follow up” report of the USD ISM Manufacturing PMI report released on Wednesday, the 1st of February, 2012. The difference between the “actual” report and the “forecast” was not even close enough for a trade to be entered

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 Wednesday, 02-01-12 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.

I did not enter a trade this time

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 53.9

Forecast = 54.6

Actual = 54.1

Here is how I was set up and what happened.

USD-10-00AM-ET-02-01-12
Looking for a Change of 2 to 3
Actual > Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
_____54.1______54.6_______53.9
out at 57.6 or higher – SELL EUR/USD
out at 52.6 or lower – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.5
Good – “actual” came out higher than “forecast” by 0.2

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked up/down the 1st 2 minutes about 7 PIPS/ 15 PIPS
Moved up for 10 minutes about 32 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD spiked up/down the 1st 2 minutes about 5 PIPS/ 17 PIPS
Moved up for 9 minutes about 37 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD spiked up/down the 1st 2 minutes about 5 PIPS/ 13 PIPS
Moved up for 9 minutes about 22 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD spiked up/down the 1st 2 minutes about 4 PIPS/ 11 PIPS
Moved up for 8 minutes about 22 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD spiked down/up the 1st 2 minutes about 8 PIPS/ 14 PIPS
Moved down for 9 minutes about 22 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF spiked down/up the 1st 2 minutes about 3 PIPS/ 13 PIPS
Moved down for 9 minutes about 26 PIPS - right direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY spiked down/up the 1st 2 minutes about 2 PIPS/ 9 PIPS
Moved down for 16 minutes about 9 PIPS – right direction

The next scheduled release of this report will be on Thursday, 03-01-12 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.

Preview CAD Ivey Purchasing Managers Index report

shark — Sun, 05 Feb 2012 16:11:28 +0000

Tomorrow, Monday the 6th of February, Canada will release the IVEY Purchasing Mangers Index.

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

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?

Tomorrow, Monday, 02-06-12 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.

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.

Here is what is happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 63.5

forecast = 57.8

Here is how I am set up:

CAD-10-00AM-ET-02-06-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________57.8________63.5
Out at 61.8 or higher – SELL EUR/CAD
Out at 53.8 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 will post a “follow up” of this report soon after.

The next scheduled release of this Canadian report will be on Friday, 03-02-12, at 10:00 AM ET and again it appears it will be a “stand alone“ report.

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 EUR – German Factory Orders MoM report

shark — Sun, 05 Feb 2012 15:20:18 +0000

Tomorrow the German Factory Orders report is being released, – let’s see how things go this month, I did not trade last month.

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?

Tomorrow, Monday, 02-06-12 at 6:00 AM ET. The EUR – German Factory Orders MoM 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:

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

I did post a follow up report for the last month that I monitored this report, click here to see what happened.

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

I did not trade last month!

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = -4.8%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-02-06-12
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.5%_______-4.8%
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 will post a “follow up” soon after this report.

The next schedule for this EUR – German Factory Orders report will be on Wednesday, 03-07-12 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.

Follow Up – GBP Purchasing Managers Index Manufacturing report

shark — Fri, 03 Feb 2012 16:54:25 +0000

Here are the results of Wednesday’s GBP Purchasing Managers Index Manufacturing Report – good trigger – no trade this time

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?

On Wednesday, 02-01-12 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 Tuesday, 01-31-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

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

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 49.6——————–revised = 49.7

Forecast = 50.1

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-02-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.1_______49.6
_____52.1 ____50.1 _______49.7
out at 51.9 or higher buy GBP/CHF
out at 48.3 or lower sell GBP/CHF
Watch for reversal!

Good – “actual” came out higher than “forecast” by 2.0
Good – “actual” came out higher than “previous” by 2.5
Good – “actual” came out higher than revised “previous” by 2.4

Good trigger – 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 up/down/up for 2 minutes
Scheduled release: moved up for 50 minutes about 35 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 30 minutes about 38 PIPS - wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: moved up for 2 minutes about 14 PIPS – right direction
Scheduled release: small move up 1st minute – Then moved down for 29 minutes about 40 PIPS – wrong direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 50 minutes about 73 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: moved up for 2 minutes about 14 PIPS – right direction
Scheduled release: moved down for 48 minutes about 32 PIPS – wrong direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 30 minutes about 50 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: moved up for 2 minutes about 19 PIPS – right direction
Scheduled release: ranged for 17 minutes -
moved down for 31 minutes about 37 PIPS - wrong direction

The next time this report is scheduled for release will be on Thursday, 03-01-12 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.

Preview – USD ISM Manufacturing PMI report

shark — Tue, 31 Jan 2012 17:15:38 +0000

The US is releasing a report tomorrow morning, Wednesday, February, 1st at 10:00 AM ET, along with 2 other reports –

I did not enter a trade last time.

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?

Tomorrow, Wednesday, 02-01-12 at 10:00 AM ET the USD ISM Manufacturing PMI report will be 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 “follow up” post for last month, click here for a review.

I did not enter a trade last time.

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 53.9

Forecast = 54.6

The Manufacturing PMI as “forecast” shows a small increase for the US economy.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-02-01-12
Looking for a Change of 2 to 3
Actual > Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
_______________54.6_______53.9
out at 56.6 or higher – SELL EUR/USD
out at 52.6 or lower – BUY EUR/USD

Watch for a conflict with the USD ISM Manufacturing Prices “actual” report

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

I posted a video of a past release of this report, click here to see what happened:

The next scheduled release of the USD – Manufacturing PMI is Thursday, 03-01-12 at 11:00 AM ET.

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

So, stay tuned!

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

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

Preview – GBP Purchasing Managers Index Manufacturing report

shark — Tue, 31 Jan 2012 15:53:07 +0000

Great Britain will be releasing the Purchasing Managers Index Manufacturing report tomorrow morning, Wednesday, 02-01-12. There are 2 release times, about 2 minutes apart.

I did not enter a trade last time- there was a good 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?

The first release is for subscribers to Reuters.

On Wednesday, 02-01-12 at 4:28_4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Wednesday, 01-04-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There is one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time. Be sure to take a look at what happened last month.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 49.6

Forecast = 50.1

Here is how I am set up:

GBP-4-28_4-30AM-ET-02-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.1_______49.6
out at 51.9 or higher buy GBP/CHF
out at 48.3 or lower sell GBP/CHF
Watch for reversal!

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

I am going to use a 1.8 “actual” difference figure from the “forecast” to indicate a possible surprise to the currency trading market. And will be set up to trade the currency pair GBP/CHF this time.

If the “actual” comes out higher than the “forecast” by 1.8, that would be good for the GBP and currency pairs involving the GBP could move in favor of the GBP – the opposite of course could happen if the “actual” is less than “forecast”.

I will be looking for a reversal after about 3 minutes – maybe!!!.

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

Now we all know that past performances are not an indication of future results!

It appears that the next scheduled release of this report will be on Thursday, 03-01-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

I did post a video of an earlier release of this report, click here to see what happened.

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 Core Durable Goods report

shark — Fri, 27 Jan 2012 17:13:29 +0000

On Thursday, the 26th of January, 2012, the US Core Durable Goods Orders report was released – there was not enough difference between the “actual” and “forecast”-

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

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 Thursday, 01-26-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

Also 1 other news release:

USD Unemployment Claims
Released monthly by the Department of Labor
I did not enter a trade this time, there was not enough difference – the reports were in conflict.

My “preview” post concerning these reports was on Wednesday, 01-25-12, click here for a review.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = 0.3%——————-revised = 0.5%

Forecast = 0.9%

Actual = 2.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-01-26-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
_______________0.9%________0.3%
_____2.1%______ 0.9% _______0.5%
out at 2.4% or higher – SELL GBP/USD
out at -0.6% or lower – BUY GBP/USD

Good – “actual” came out higher than “forecast” by 1.2%
Good – “actual” came out higher than “previous” by 1.8%
Good – “actual” came out higher than revised “previous” by 1.6%

There was not a good enough difference between the “actual” and “forecast” to enter a trade, and there was conflict between the 2 reports- so I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair moved up for minutes about 13 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up/down 1st minute about 4 PIPS/ 9 PIPS -
Moved up next 8 minutes about 16 PIPS – wrong direction
Moved down for 7 minutes about 15 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair spiked up/down 1st minute about 3 PIPS/ 10 PIPS/ 4 PIPS -
Moved up next 3 minutes about 16 PIPS – wrong direction
Moved down for 12 minutes about 10 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair spiked up/down/up 1st minute about 2 PIPS/ 5 PIPS/ 1 PIPS
Moved up next 3 minutes about 9 PIPS – wrong direction
Moved down for 12 minutes about 11 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 4 minutes about 13 PIPS – wrong direction
Moved up next 28 minutes about 16 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down/up/down 1st minute about 4 PIPS/ 7 PIPS/ 2 PIPS -
Moved down next 3 minutes about 10 PIPS – wrong direction
Moved up for 4 minutes about 7 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair spiked down/up/down 1st minute about 2 PIPS/ 8 PIPS/ 4 PIPS -
Moved up for 23 minutes about 9 PIPS – right direction

The next scheduled release of these reports is on Tuesday, 02-28-12 at 8:30 AM ET.

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

Stay tuned!

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

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

Preview – USD Core Durable Goods and Durable Goods Orders report

shark — Wed, 25 Jan 2012 15:44:08 +0000

Tomorrow there will be 2 economic news reports released, I will be monitoring – the US Core Durable Goods order and the Durable Goods order.

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.

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?

Tomorrow, Thursday, 01-26-12 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.

Also 1 other news release:

USD Unemployment Claims
Released monthly by the Department of Labor

I did not enter a trade last month!!

My last “follow up” post concerning these USD reports was on Saturday, 12-24-11, click here for a review.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = 0.3%

Forecast = 0.9%

USD – Durable Goods Orders m/m – Stats

Previous = 3.7%

Forecast = 2.1%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-01-26-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
_______________0.9%________0.3%
out at 2.4% or higher – SELL GBP/USD
out at -0.6% or lower – BUY GBP/USD

It appears that the economists believe that durable goods orders and core durable goods orders are in conflict again this month, possible conflict – 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 Tuesday, 02-28-12 at 8:30 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.

Follow Up EUR – German Factory Orders MoM report

shark — Tue, 10 Jan 2012 15:05:34 +0000

Last Friday, 01-06-12, the German Factory Orders news report was released – this report has been very good for trading, And….

There was a good trigger – but no 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 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 – no trade!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 5.2%——————revised = 5.0%

Forecast = -1.6%

Actual = -4.8%

Here is how I was set up and what happened:

EUR-6-00AM-ET-01-06-12
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________-1.6%_______5.2%
____-4.8%_____ -1.6%_______ 5.0%
Out at -0.3% or higher – BUY EUR/JPY
Out at -2.9% or lower – SELL EUR/JPY
Watch for retrace second minute!

Bad – “actual” came out lower than “forecast” by 3.2%
Bad – “actual” came out lower than “previous” by 10.0%
Bad – “actual” came out lower than revised “previous” by 9.8%

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD- currency pair moved down for 27 minutes about 14 PIPS – right direction
Moved up for26 minutes about 10 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 4 minutes about 13 PIPS – right direction
Ranged

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair ranged for 4 minutes
Moved up for 21 minutes about 6 PIPS – wrong direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved down for 4 minutes for 2 PIPS – right direction
Moved up for 9 minutes about 5 PIPS – wrong direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved down for 6 minutes for 9 PIPS – right direction
Moved up for 9 minutes about 8 PIPS – wrong direction

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD- currency pair moved down for 8 minutes for 28 PIPS – right direction
Moved up for 7 minutes about 14 PIPS – wrong direction
Ranged

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair moved down for 5 minutes for 16 PIPS – right direction
Moved up for 10 minutes about 13 PIPS – wrong direction

The next scheduled release of this report is on Monday, 02-06-12 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.

Follow Up CAD Ivey Purchasing Managers Index report

shark — Mon, 09 Jan 2012 15:17:24 +0000

Here is the CAD IVEY Purchasing Managers index again, released on Thursday, 01-05-12 at 10:00 AM ET – I did not enter a trade this time – there was a good 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 Thursday, 01-05-12 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.

Along with 1 other report:

USD ISM Non-Manufacturing PMI
Released monthly by Institute for Supply Management

I did not enter a trade this month – there was a good trigger!

I did a “preview“ post on Monday, 12-05-11, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 59.9

forecast = 56.7—————–revised = 57.5

actual = 63.5

Here is how I was set up and what happened:

CAD-10-00AM-ET-01-05-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________56.7________59.9
____63.5_________ 57.5________ 59.9
Out at 60.7 or higher – SELL EUR/CAD
Out at 52.7 or lower – BUY EUR/CAD

Good – “actual” came out higher than “forecast” by 6.8
Good – “actual” came out higher than “previous” by 6.0
Good – “actual” came out higher than revised “previous” by 3.6

And, here are the charts:

a one minute AUD/CAD chart

(AUD/CAD)

This AUD/CAD currency pair spiked down/up/down 1st minute about 5 PIPS/ 12 PIPS/ 7 PIPS
Ranged for 4 minutes
Moved up next 11 minutes about 18 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair spiked up/down/up 1st 2 minutes about 4 PIPS/ 15 PIPS/ 12 PIPS
Moved down next 7 minutes about 17 PIPS – wrong direction
Moved up next 18 minutes about 18 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked up/down/up 1st minute about 3 PIPS/ 13 PIPS/ 8 PIPS
Moved down next11 minutes about 11 PIPS – wrong direction
Moved up next 15 minutes about 11 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 9 minutes about 20 PIPS – wrong direction
Moved down next 17 minutes about 20 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 9 minutes about 23 PIPS - wrong direction
Moved down next 18 minutes about 30 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged for 5 minutes
Moved down for 2 minutes about 3 PIPS – right direction
Moved up next 9 minutes about 15 PIPS – wrong direction

(USD/CAD)

This USD/CAD currency pair moved up for 8 minutes about 21 PIPS – wrong direction
Moved down for 19 minutes about 29 PIPS – right direction

The next scheduled release of this Canadian report will be on Friday, 02-03-12, 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.