The Fundamental FOREX Blog

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 – USD ADP Non- Farm Employment change report

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

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

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

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

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

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

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

Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous = 325K—————revised = 292K

Forecast = 189K

Actual = 170K

Here is how I was set up and what happened:

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

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

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

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

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

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD ranged for 12 minutes
Ranged

(GBP/USD)

a one minute GBP/USD chart

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

(NZD/USD)

a one minute NZD/USD chart

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

(USD/CAD)

a one minute USD/CAD chart

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

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF ranged

(USD/JPY)

a one minute USD/JPY chart

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

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

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

Stay tuned!

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

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

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 Non-Farm Employment Change and Unemployment Rate reports

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

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

Want to add more options to your currency trading??

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

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

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

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

I did not trade in January

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

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

USD Non-Farm Employment Change – Stats

Previous = 200K

Forecast = 153K

USD Unemployment Rate – Stats

Previous = 8.5%

Forecast = 8.5%

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

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

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

Here is how I am set up for tomorrow:

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

I will post a “follow up” of these reports.

The next release of these reports is scheduled for Friday, 03-09-12 at 8:30 AM ET, I will probably post a “preview” a day or two prior.

Stay tuned!

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

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

Preview – CAD Employment Change and Unemployment Rate reports

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

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

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

Want to add more options to your currency trading??

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

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

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

I did a post “follow up” of last months reports, you can click here to see that post.

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

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = 17.5K

Forecast = 23.3K

CAD Unemployment Rate stats:

Previous = 7.5%

Forecast = 7.5%

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

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

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

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

Again, I will be looking for at least a 15K to 20K difference between the “actual” and the “forecast” of the Change in Employment – also, at least a 0.1% change in the Unemployment rate. Of course, both either in favor of or against the CAD.

I will post a “follow up” soon after.

The next schedule release of these reports is Friday, 03-09-12 at 7:00 AM ET, I will probably post a “preview” a day or two prior.

Remember, “Past performances are not an indication of future results!”

Stay tuned!

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

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

Follow Up – USD Consumer Confidence report

shark — Wed, 01 Feb 2012 17:08:50 +0000

The US Consumer Confidence report was released on Tuesday.

I did enter a trade this time of the currency pair USD/JPY – small win.

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 Tuesday, 01-31-12, at 10:00 AM ET the USD Consumer Confidence report was released.

The last “Preview” of the Consumer Confidence report was posted on Monday, 01-30-12, click here for a review.

The Consumer Confidence is released by The Conference Board, Inc.

Lets take a look at what is going on with this news release:

USD Consumer Confidence Stats:

Previous = 64.5————–revised = 64.8

Forecast = 68.2

Actual = 61.1

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

USD-10-00AM-ET-01-31-12
Looking for a 5.0 difference
Actual > Forecast = Good for the USD
USD CB Consumer Confidence
——actual——–forecast——–previous
_______________68.2_________64.5
_____61.1 ______68.2 _________64.8
out at 73.2 or higher – BUY USD/JPY
out at 63.2 or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 7.1
Bad – “actual” came out lower than “previous” by 3.4
Bad – “actual” came out lower than revised “previous” by 3.7

I did enter a trade this time of the currency pair USD/JPY – small win.

Check out the charts.

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved down for 8 minutes about 29 PIPS – wrong direction
Moved up next 19 minutes about 23 PIPS - right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD moved down for 10 minutes about 27 PIPS – wrong direction
Moved up next 17 minutes about 18 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD moved down for 11 minutes about 25 PIPS – wrong direction
Moved up next 17 minutes about 15 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD ranged for 3 minutes
Moved down for 5 minutes about 17 PIPS – wrong direction
Moved up next 19 minutes about 21 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

The currency pair USD/CAD moved up for 8 minutes about 25 PIPS - wrong direction
Ranged

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF moved up for 10 minutes about 15 PIPS - wrong direction
Moved down next 17 minutes about 13 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY moved up for 20 minutes about 8 PIPS – wrong direction – entered a trade by mistake
Moved down next 17 minutes about 13 PIPS – right direction – exited the trade, small win

The next release of these reports will be on Tuesday, 02-28-12 at 10:00 AM ET.

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

Past performances are not an indication of future results.

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 – 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 – USD ADP Non- Farm Employment change report

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

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

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

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

Want to add more options to your currency trading??

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

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

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

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

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

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 325K

Forecast = 189K

It appears that the employment situation is not improving.

Here is how I am set up for tomorrow:

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

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

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

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

So – stay tuned!

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

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