On Wednesday, 07-28-10 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

My “preview” post concerning these reports was on Tuesday, 07-27-10, 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 = 1.6%_______  revised = 1.2%

Forecast = 0.6%

Actual = -0.6%

Here is how I was set up and what happened:

USD-7-30AM-ET-07-28-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.6%
_____-0.6%____ 0.6%_______ 1.2%
out at -0.9% or lower – SELL USD/JPY
out at 2.1% or higher – BUY USD/JPY
Bad – “actual” came out lower then “forecast” by 1.0%
Bad – “actual” came out lower then “previous” by 2.2%
Bad – “actual” came out lower then revised “previous” by 1.8%

There was not enough of a difference – but, I did enter a trade this time of  the currency pair USD/JPY – and it was a wnner!!

Here are the charts:

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved down 1st 2 minutes about 30 PIPS
Moved up next 49 minutes about 39 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up/down 1st 2 minutes
Moved up next 3 minutes about 15 PIPS
Ranged for 6 minutes
Moved down next 10 minutes about 24 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down for 3 minutes about 40 PIPS
Moved up next 49 minutes about 71 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved up/down 1st 4 minutes about 6 PIPS/ 14 PIPS
Moved up next 15 minutes about 25 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair Ranged!

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down 1st 3 minutes about 23 PIPS
Ranged for 7 minutes!
Moved up next 35 minutes about 20 PIPS

The next scheduled release of these reports is on Wednesday, 08-25-10 at 8:30 AM ET.

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

Stay tuned!

On Thursday, 07-28-10 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.

My last “follow up” post concerning these USD reports was on Thursday, 06-24-10, 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 = 1.6%

Forecast = 0.6%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-07-28-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________0.6%________1.6%
out at -0.9% or lower – SELL USD/JPY
out at 2.1% or higher – BUY USD/JPY
USD Durable Goods Orders m/m
______________0.9%______  -0.6%

It appears that the economists believe that durable goods orders will show a increase over last month, but the core durable goods orders will decrease this time. A possible conflict!

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 Wednesday, 08-25-10 at 8:30 AM ET.

Stay tuned!

On Thursday, 07-08-10 at 4:30 AM ET the GBP Industrial Production MoM , and Manufacturing Production MoM reports were released.

These two reports were standing alone at this time.

On Wednesday, 07-07-10, I wrote a “preview” post of this months set up, click here for a review.

The Industrial Production reports appear to have the greatest impact on the currency markets, but the impact can be even greater if the Industrial Production and Manufacturing Production both come out moving in the same direction which did not happen this time.

No trade this time – not enough difference!!

These reports are released by the UK National Statistics Publication Hub.

Here is how it was set up for 07-08-10:

GBP – Industrial Production MoM stats:

Previous = -0.4%—————-revised = -0.8%

Forecast = 0.4%

Actual = 0.3%

Manufacturing Production MoM stats:

Previous = -0.4%—————-revised = -0.7%

Forecast = 0.5%—————-revised = 0.4%

Actual = 0.7%

Here is how I was set up and what happened:

GBP-4-30AM-ET-07-08-10
Looking for a 0.4% difference
Actual > Forecast = Good for GBP
GBP Industrial Production (MoM)
——actual———-forecast——-previous
________________0.4%_______-0.4%
_____0.3%_______ 0.4%______ -0.8%
Out at 0.8% or higher – SELL EUR/GBP
Out at 0.0%  or lower- BUY EUR/GBP
Bad – “actual” came out lower then “forecast” by 0.1%
Good – “actual” came out higher then “previous” by 0.8%
Good – “actual” came out higher then revised “previous” by 1.1%

GBP Manufacturing Production m/m
________________0.5%_______ -0.4%
_____0.7%_______ 0.4%_______ -0.7%
Good – “actual” came out higher then “forecast” by 0.2%
Good – “actual” came out higher then revised “forecast” by 0.3%
Good – “actual” came out higher then “previous” by 1.1%

Watch for conflict       Trade against it??

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

At the report release, this EUR/GBP currency pair spiked down/up 1st minute about 8 PIPS/11 PIPS
Moved down for 4 minutes about 8 PIPS
Moved up for 28 minutes about 25 PIPS

(EUR/JPY)

a one minute EURJPY chart

At the report release, this EUR/JPY currency pair moved down for 8 minute about 6 PIPS
Moved up for 1 minute about 12 PIPS
Moved down for 19 minutes about 21 PIPS

(EUR/USD)

a one minute EUR/USD chart

At the report release, this EUR/USD currency pair  ranged for 8 minutes
Moved up for 11 minute about 13 PIPS

(GBP/CHF)

a one minute GBP/CHF chart

At the report release, this GBP/CHF currency pair ranged for 7 minutes
Moved down for 7 minute about 16 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

At the report release, this GBP/JPY currency pair ranged for 11 minutes  -
Moved down for 25 minute about 25 PIPS

(GBP/USD)

a one minute GBP/USD chart

At the report release, this GBP/USD currency pair moved up for 10 minutes  about 20 PIPS
Moved down for 24 minute about 40 PIPS

The next scheduled release of this report will be on Tuesday, 08-10-10 at 4:30 AM ET.

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

Stay tuned!

On Wednesday, 07-07-10 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.

I did a “preview“ post on Tuesday, 07-06-10, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 62.7

forecast = 64.1

actual = 58.9

Here is how I was set up and what happened:

CAD-10-00AM-ET-07-07-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_____58.9________64.1________62.7
Out at 68.1 or higher – SELL GBP/CAD
Out at 60.1 or lower – BUY GBP/CAD
Bad – “actual” came out lower then “forecast” by 5.2
Bad – “actual” came out lower then “previous” by 3.8

Entered 2 trades of GBP/CAD this time – both losers!!
Enough difference – Market moved in wrong direction on all 4 currency pairs

But, here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down/up 1st minute about 11 PIPS/ 10 PIPS
Moved up next 53 minutes about 38 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked up/down 1st minute about 24 PIPS/ 13 PIPS
Ranged down next 12 minutes about 17 PIPS – wrong direction
Ranged!

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spiked up/down 1st minute about 28 PIPS/ 14 PIPS
Ranged down next 14 minutes about 29 PIPS – wrong direction
Ranged!

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked up/down 1st minute about 18 PIPS/ 17 PIPS
Moved down next 54 minutes about 30 PIPS – wrong direction

The next scheduled release of this Canadian report will be on Friday, 08-06-10, at 10:00 AM ET.

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

Stay tuned!

On Monday, 07-07-10 at 6:00 AM ET. The EUR – German Factory Orders MoM were 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.

No trade was entered this time!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 2.8%————–revised= 3.2%

Forecast = 0.5%

Actual = -0.5%

Here is how I was set up and what happened:

EUR-6-00AM-ET-07-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.5%_______2.8%
_____-0.5%____ 0.5%______ 3.2%
Out at -0.8% or lower – SELL EUR/JPY
Out at 1.8% or higher – BUY EUR/JPY
Bad – “actual” came out lower then “forecast” by 1.0%
Bad – “actual” came out lower then “previous” by 3.3%
Bad – “actual” came out lower then revised “previous” by 3.7%

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This currency pair EUR/CHF currency pair ranged!

(EUR/GBP)

a one minute EUR/GBP chart

This currency pair EUR/GBP- currency pair ranged for 4 minutes
Moved down for 6 minutes about 9 PIPS
Moved up for 42 minutes about 20 PIPS

(EUR/JPY)

a one minute EUR/JPY chart

This currency pair EUR/JPY- currency pair ranged down for 10 minutes
Moved up for 42 minutes about 46 PIPS

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/ USD – currency pair moved down for 10 minutes about 15 PIPS
Moved up for 42 minutes about 40 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This currency pair GBP/JPY- currency pair moved up for 55 minutes about 35 PIPS

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD currency pair spiked down 1st minute
Ranged for 8 minutes
moved up for 46 minutes about 27 PIPS

The next scheduled release of this report is on Friday, 08-06-10 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!

On Thursday, 07-06-10 at 10:00 AM ET, the USD ISM Non-Manufacturing  Composite report was released.

This report is released by the Institute of Supply Management.

This month I did a “preview” of this report, click here for a review.

Here is what happened:

USD ISM Non-Manufacturing  Composite stats:

Previous = 55.4

Forecast = 55.1

Actual = 53.8

Here is how I was set up for these reports:

USD-10-00AM-ET-07-06-10
Looking for a 3 difference
Actual > Forecast = Good for USD
USD ISM Non-Manufacturing PMI
——actual———-forecast——previous
_____53.8________55.1_______55.4
out at 58.1 or higher – SELL EUR/USD
out at 52.1 or lower – BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 1.3
Bad – “actual” came out lower then “previous” by 1.6

I had set up to trade the EUR/USD currency pair if the “actual” report came out higher or lower than the “forecast” by 3.0 or more – which it did not do – and I did not enter a trade.

Here are the charts:

(EUR/JPY)

a one minute EUR/JPY chart

This currency pair EUR/JPY currency pair spiked down/up 1st minute about 31 PIPS/ 15 PIPS
Moved up for 14 minutes about 48 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 55 minutes about 70 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This currency pair GBP/JPY currency pair spiked down/up 1st minute about 35 PIPS/ 20 PIPS
Ranged for 10 minutes
Moved up for 5 minutes about 23 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 11 minutes
Moved up for 39 minutes about 35 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked up/down 1st minute about 15 PIPS/ 12 PIPS
Moved d own for 28 minutes about 52 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY currency pair moved d own for 53 minutes about 44 PIPS – right direction

The next scheduled release of this report will be on Wednesday, 08-04-10 at 10:00 AM ET.

I will be probably be writing a “preview” post a day or two before the reports release.

Stay tuned!

On Thursday, 07-01-10 at 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

Also released was:

GBP – BOE Credit Conditions Survey

Released by the Bank of England

I did a “preview” post for this month on Wednesday, 06-30-10 , 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.

Prior to the present market conditions, a difference of 4 or 5 from the “forecast” could cause a good market move.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 58.0

Forecast = 57.6

Actual = 57.5

Here is how I was set up and what happened:

GBP-4-30AM-ET-07-01-10
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____57.5______57.6_______58.0
out at 59.4 or higher buy GBP/USD
out at 55.8 or lower sell GBP/USD
Bad – “actual” came out lower then “forecast” by 0.1
Bad – “actual” came out lower then “previous” by 0.5

Watched for reversal!
Changed from last month to GBP/JPY

Again – I did not enter a trade this time – not enough difference!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair very minor range for 6 minutes
Then continued move up

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair very minor range for 5 minutes
Spiked up next minute about 31 PIPS
Moved down for 15 minutes about 38 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair  very minor range for 5 minutes
Spiked up next minute about 29 PIPS
Moved down for 14 minutes about 31 PIPS

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair ranged for 15 minutes

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down for 2 minutes about 16 PIPS
Moved up for 5 minutes about 28 PIPS
Moved down for 17 minutes about 40 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 2 minutes about 11 PIPS
Moved up for 5 minutes about 25 PIPS
Moved down for 17 minutes about 30 PIPS

The next time this report is scheduled for release will be on Monday, 08-02-09 at 4:30 AM ET

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

Stay tuned!

Tomorrow, Thursday, 07-08-10 at 4:30 AM ET the GBP Industrial Production MoM, and Manufacturing Production MoM reports will be released.

These two reports stand alone at this time.

On Thursday, 05-20-10, I wrote a “follow up” post for the last month I recorded these results, click here for a review.

The Industrial Production reports appear to have the greatest impact on the currency markets, but the impact can be even greater if the Industrial Production and Manufacturing Production both come out moving in the same direction, both negative or positive.

Again – both reports came out good for the GBP – I did enter 1 trade of the GBP/JPY currency pair, it was a winner – see the “follow up” above.

These reports are released by the UK National Statistics Publication Hub.

Lets set this up for 07-08-10.

GBP – Industrial Production MoM stats:

Previous = -0.4%

Forecast = 0.4%

Manufacturing Production MoM stats:

Previous = -0.4%

Forecast = 0.4%
It appears that both reports are “forecast”  an improvement for the UK economy.

Here is how I am set up for tomorrow:

GBP-2-30AM-07-08-10
Looking for a 0.4% difference
Actual > Forecast = Good for GBP
GBP Industrial Production (MoM)
——actual———-forecast——-previous
________________0.4%_______-0.4%
Out at 0.8% or higher – SELL EUR/GBP
Out at 0.0%  or lower- BUY EUR/GBP
GBP Manufacturing Production m/m
________________0.5%_______ -0.4%
Watch for conflict       Trade against it??

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

The next scheduled release of this report will be on Tuesday, 08-10-10 at 4:30 AM ET.

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

Stay tuned!

Tomorrow, Wednesday, 07-07-10 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report will be released.

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

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

Here is what is happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 62.7

forecast = 64.1

Here is how I am set up:

CAD-10-00AM-ET-07-07-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
________________64.1________62.7
Out at 68.1 or higher – SELL GBP/CAD
Out at 60.1 or lower – BUY GBP/CAD

I believe I will set up to trade the currency pair GBP/CAD 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 Friday, 08-06-10, and again it appears it will be a “stand alone“ report.

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

Stay tuned!

Tomorrow, Wednesday, 07-07-10 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.

Last month I did a “follow up” post on Thursday, 06-15-10 at 6:00 AM ET, click here to see the “follow up” of this reports.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 2.8%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-07-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.5%_______2.8%
Out at -1.8% or lower – SELL EUR/USD
Out at 1.8% or higher – BUY EUR/USD

I think I will try a trade of the EUR/USD currency pair again – it seemed to move better with this report.

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 Friday, 08-06-10 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!