Preview – GBP Purchasing Managers Index Manufacturing report

January 31, 2012 – 8:53 am

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:

“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?

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.

By shark | Posted in Manufacturing Industry | Tagged , | Comments (0)

Preview – USD Consumer Confidence report

January 30, 2012 – 8:17 am

The US Consumer Confidence report is being released tomorrow (Tuesday).

The “forecasts” implies that the economists have this report showing a increase in the US economic confidence.

There was a good trade trigger last month – but no trade entry!

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”  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?

Tomorrow, on Tuesday, 01-31-12, at 10:00 AM ET the USD Consumer Confidence report will be released.

Did not enter a trade last month even though there was a good trade trigger.

The last “follow up” of the Consumer Confidence report was posted on Thursday, 12-29-11, click here for a review.

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

The USD Consumer Confidence report appears to have a good impact on the FOREX market at times.

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

USD Consumer Confidence Stats:

Previous = 64.5

Forecast = 68.2

The “forecasts” implies that the economists have this report showing a increase in the US economy.


Here is how I am set up for tomorrow:

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
out at 73.2 or higher – BUY USD/JPY
out at 63.2 or lower – SELL USD/JPY

Check out the last “follow up” report for an idea how the market reacts to the “actual” outcome of the report.

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

The next scheduled release of this report is 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.

By shark | Posted in Monetary Influence | Tagged , | Comments (0)

Follow up – USD New Home Sales report

January 28, 2012 – 9:44 am

The US New Home Sales report last Thursday was not enough of a surprise for a trade

I did not enter a trade this 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”  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 Thursday, 01-26-12 at 10:00 AM ET, the USD New Home Sales report was  released by the Census Bureau

One other report is being released as well:
USD CB Leading Index m/m
Released monthly by The Conference Board Inc.

I did a “preview” of these reports on Wednesday, 01-25-12, click here for a review.

Here is what happened:

USD – New Home Sales – Stats

Previous = 315K—————revised=314K

Forecast = 321K

Actual = 307K


Here is how I was set up and the results:

USD-10-00AM-ET-01-26-12
Looking for a 30K difference
Actual > Forecast = Good for USD
USD New Home Sales
——actual———-forecast——-previous
________________321K _____315K
_____307K_______ 321K_____ 314K
out at 351K or higher – BUY USD/JPY
out at 291K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 14K
Bad – “actual” came out lower than “previous” by 8K
Bad – “actual” came out lower then revised “previous” by 7K

I did not enter a trade this month!!

Here are the charts.

(AUD/USD)

a one minute AUD/USD currency chart

a one minute AUD/USD chart

The AUD/USD  currency pair ranged for about 19 minutes
Moved down next 26 minutes about 50 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

The EUR/USD currency pair moved down for 3 minutes about 7 PIPS – wrong direction
Moved up next 3 minutes about 22 PIPS – right direction
Moved down next 4 minutes about 19 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

The GBP/USD currency pair ranged for about 23 minutes

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

The NZD/USD currency pair moved down for 2 minutes about 5 PIPS – wrong direction
Moved up next 17 minutes about 13 PIPS – right direction

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

The USD/CAD currency pair moved up for 2 minutes about 4 PIPS – wrong direction
moved down for 2 minutes about 8 PIPS – right direction
Moved up next 40 minutes about 15 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF currency chart

a one minute USD/CHF chart

The USD/CHF currency pair moved up for 3 minutes about 2 PIPS – wrong direction
spiked down for 1 minute about 15 PIPS – right direction
Moved up next 34 minutes about 31 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY currency chart

a one minute USD/JPY chart

The USD/JPY currency pair moved up for 3 minutes about 4 PIPS - wrong direction
Moved down for 13 minute about 18 PIPS – right direction

The next schedule release of these reports will be on Friday, 02-24-12 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.

By shark | Posted in Housing Reports | Tagged , | Comments (0)

Follow up – USD Core Durable Goods report

January 27, 2012 – 10:13 am

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:

“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 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 currency chart

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 currency chart

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 currency chart

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 currency chart

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 currency chart

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 currency chart

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 currency chart

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.

By shark | Posted in Manufacturing Industry | Tagged , | Comments (0)

Follow Up GBP Prelim Gross Domestic Product (QoQ)

January 26, 2012 – 10:18 am

Here is my second “follow up” of the GBP Prelim Gross Domestic Product QoQ report – did not 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:

“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, 01-25-12 at 4:30 AM ET, the GBP Prelim Gross Domestic Product (QoQ) report was released.

This report is released by the U.K.s National Statistics on a Quarterly basis.

3 other reports were being released as well:

GBP Index of Services 3m/3m
released on a monthly basis by the  National Statistics   

GBP BBA Mortgage Approvals   
Released monthly by the British Bankers’ Association

GBP MPC Meeting Minutes
Released monthly by the Bank of England

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

For an idea how this report worked out, here is what happened:

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = 0.6%

forecast = -0.1%

Actual = -0.2%


Here is how I was set up and what happened:

GBP-4-30AM-ET-01-25-12
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
——actual———-forecast———-previous
_____-0.2%_____ -0.1% ______ 0.6%
out at 0.1% or higher – BUY GBP/CAD
out at -0.3% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

Bad – lower than forecast by 0.1%
Bad – lower than previous by 0.8%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for 56 minutes about 43 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD currency chart

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up for 60 minutes about 73 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD currency chart

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up for 60 minutes about 71 PIPS – wrong direction

(GBP/CHF)

a one minute GBP/CHF currency chart

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up for 56 minutes about 69 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY currency chart

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up for 18 minutes about 38 PIPS – wrong direction
Ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved up for 33 minutes about 90 PIPS – wrong direction
Ranged

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up for 24 minutes about 40 PIPS – wrong direction
Moved down for 11 minutes about 15 PIPS - right direction

The next scheduled release of these reports is on Tuesday, 04-24-12 at 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 several videos.


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

By shark | Posted in Monetary Influence | Tagged , | Comments (0)

Preview – USD New Home Sales report

January 25, 2012 – 9:24 am

New Homes sales are being released tomorrow by the US Census Bureau – I did not enter a 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”  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?

Tomorrow, Thursday, 01-26-12 at 10:00 AM ET, the USD New Home Sales monthly report will be released by the Census Bureau
One other report is being released as well:
USD CB Leading Index m/m     
Released monthly by The Conference Board Inc.

I did not enter a trade last month for this report

I did a “follow up” of the last “preview” post of these reports on Sunday, 12-25-11, click here for a review.

Here is what is coming up tomorrow:

USD – New Home Sales – Stats

Previous = 315K    

Forecast = 321K    


Here is how I am set up for tomorrow:

USD-8-00-AM-ET-01-26-12
Looking for a 30K difference
Actual > Forecast = Good for the USD
USD New Home Sales
——actual———-forecast——previous
____________________321K _____315K
out at 351K or higher – BUY USD/JPY
out at 291K or lower – SELL USD/JPY

Remember, what has happened in the past may not repeat itself under similar circumstances.

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

The next scheduled report is on Friday, 02-24-12 at 11:00 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 several videos.


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

By shark | Posted in Housing Reports | Tagged , | Comments (0)

Preview – USD Core Durable Goods and Durable Goods Orders report

January 25, 2012 – 8:44 am

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:

“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?

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.

By shark | Posted in Manufacturing Industry | Tagged , | Comments (0)

Preview GBP Prelim Gross Domestic Product (QoQ)

January 24, 2012 – 8:24 am

Tomorrow, Wednesday, the 25th of  2012, the GBP-Prelim Gross Domestic Product Q/Q will be released at 4:30 AM ET

This is my 2nd BLOG post of this report – the forecast is not good for the U.K.

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”  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?

Tomorrow, Wednesday, 01-25-12 at 4:30 AM ET, the GBP Prelim Gross Domestic Product (QoQ) report will be released.

The last time this report was released was on Wednesday, 07-27-11 at 4:30 AM ET, click here to see what happened .

This report is released by the U.K.s National Statistics on a Quarterly basis.

3 other reports are being released as well:

GBP Index of Services 3m/3m    
released on a monthly basis by the  National Statistics 

GBP BBA Mortgage Approvals 
Released monthly by the British Bankers’ Association

GBP MPC Meeting Minutes
Released monthly by the Bank of England

No trade last time!

Here is what is happening this release:

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = 0.6%

forecast = -0.1%  


Here is how I am set up for tomorrow:

GBP-4-30AM-01-25-12
Actual > Forecast = Good for currency
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
____actual_____forecast _____previous
______________ -0.1% ______ 0.6%
out at 0.1% or higher – BUY GBP/CAD
out at -0.3% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

The forecast does not look good for the British economy.

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

The next scheduled release of these reports is on Tuesday, 04-24-12 at 3:30 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

By shark | Posted in Monetary Influence | Tagged , | Comments (0)

Follow Up – USD Existing Home Sales report

January 22, 2012 – 9:20 am

This months Existing Home Sales report came out bad for the US economy – but not enough change for a trade of the US Dollar

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:

“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 Friday, 01-20-12 at 10:00 AM ET, a USD report was released, it was the USD Existing Home Sales report, released monthly by the National Association of Realtors.

I did a “preview” post on Thursday, 01-19-12 for these reports, click here for a review.

Did not enter a trade this time!

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.42 M—————revised = 4.39 M

Forecast = 4.65 M

Actual = 4.61 M


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

USD-10-00AM-ET-01-20-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.65M________4.42M
____4.61M ____4.65M________ 4.39M
Out at 4.85M or Higher – SELL EUR/USD
Out at 4.45M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 40 K
Good – “actual” came out higher then “previous” by 190 K
Good – “actual” came out higher then revised “previous” by 220 K

Let’s take a look at the charts and see how things worked out:

(AUD/USD )

a one minute AUD/USD currency chart

a one minute AUD/USD chart

This AUD/USD currency pair ranged for 5 minutes
moved down for 2 minutes about 8 PIPS – wrong direction
Moved up for 16 minutes about 27 PIPS – right direction

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 3 minutes about 5 PIPS – right direction
Moved down for 3 minutes about 16 PIPS – wrong direction
Moved up for 24 minutes about 37 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 12 minutes
Moved up for 27 minutes about 19 PIPS – right direction

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 7 minutes about 13 PIPS – wrong direction
Moved down for 24 minutes about 17 PIPS - right direction

(USD/CHF )

a one minute USD/CHF currency chart

a one minute USD/CHF chart

This USD/CHF currency pair ranged for 4 minutes
Moved up for 2 minutes about 9 PIPS – wrong direction
Moved down for 24 minutes about 25 PIPS – right direction

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

This NZD/USD currency pair ranged for 3 minutes
Moved down for 5 minutes about 11 PIPS – wrong direction
Moved up for 16 minutes about 16 PIPS – right direction

(USD/JPY )

a one minute USD/JPY currency chart

a one minute USD/JPY chart

This USD/JPY currency pair moved up for 2 minutes about 1 PIPS – wrong direction
Moved down for 22 minutes about 6 PIPS – right direction

The next scheduled release of this report will be Wednesday, 02-22-12 at 10:00 AM ET.

A month is a long time, re-scheduling can occur any time.

I will probably be writing a “preview” post for this up-coming report.

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.

By shark | Posted in Housing Reports | Tagged , | Comments (0)

Follow Up – AUD Employment Change and AUD Unemployment Rate reports

January 21, 2012 – 8:50 am

Here is a follow up report of the AUD – Employment Change and the AUD Unemployment Rate, released on Wednesday 01-18-12..  

I did not trade this time – there was conflict!

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”  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, 01-18-12 at 7:30 PM ET, the Australian Bureau of Statistics  released the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “preview” of these reports on Tuesday, 01-17-12, click here to review.

I did not trade this time – there was conflict!

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

AUD Employment Change – Stats

Previous = -6.3.K—————-revised = -7.5K

Forecast = 10.3K —————-revised = 10.2K

Actual = -29.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.2%


Here is what happened then:

AUD-7-30PM-ET-01-18-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.3K______-6.3K
____-29.3K_____ 10.2K _____-7.5K
out at 30.3K or higher – SELL GBP/AUD
out at -9.7K or lower – BUY GBP/AUD

Bad – “actual” came out lower than “forecast” by 39.6K
Bad – “actual” came out lower than revised “forecast” by 39.5K
Bad – “actual” came out lower than “previous” by 35.3K
Bad – “actual” came out lower than revised “previous” by 36.8K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.3%———— 5.3%
_____5.2%______ 5.3%________ 5.2%

Good – “actual” came out lower than “forecast” by 0.1K
Good – “actual” came out lower than “previous” by 0.1K
Neutral – “actual” came out same as revised “previous”

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF currency chart

a one minute AUD/CHF chart

This currency pair AUD/CHF spiked down/up 1st minute about 43 PIPS/ 21 PIPS -
Ranged

(AUD/JPY)

a one minute AUD/JPY currency chart

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked down/up 1st minute about 35 PIPS/ 12 PIPS -
Moved up next 4 minutes about 10 PIPS – wrong direction
Moved down next 9 minutes about 14 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD currency chart

a one minute AUD/NZD chart

This currency pair AUD/NZD spiked down/up 1st minute about 45 PIPS/ 15 PIPS -
Moved up next 2 minutes about 14 PIPS – wrong direction
Moved down next 8 minutes about 12 PIPS – right direction

(AUD/USD)

a one minute AUD/USD currency chart

a one minute AUD/USD chart

This currency pair AUD/USD spiked down/up 1st minute about 52 PIPS/ 24 PIPS -
Moved up next 4 minutes about 10 PIPS – wrong direction
Moved down next 9 minutes about 21 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD currency chart

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked up/down 1st minute about 45 PIPS/ 16 PIPS -
Moved down next 2 minutes about 14 PIPS – wrong direction
Ranged

(GBP/AUD)

a one minute GBP/AUD currency chart

a one minute GBP/AUD chart

This currency pair GBP/AUD spiked up/down 1st minute about 65 PIPS/ 28 PIPS -
Moved down next 2 minutes about 8 PIPS – wrong direction
Moved up next 11 minutes about 19 PIPS – right direction

The next scheduled release of these two reports on Wednesday, 02-15-12 at 7:30 PM 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.

By shark | Posted in Employment Economics | Tagged , | Comments (0)