Follow Up – USD Existing Home Sales report

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

On Thursday, 04-19-12 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 Wednesday, 04-18-12 for these reports, click here for a review.

There are 3 other news release as well:

USD Philly Fed Manufacturing Index
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m 
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

Did not enter a trade this time!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.59 M

Forecast = 4.62 M

Actual = 4.48 M


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

USD-10-00AM-ET-04-19-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
_____4.48 M____4.62M________4.59M
Out at 4.82M or Higher – SELL EUR/USD
Out at 4.42M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 140 K
Bad – “actual” came out lower then “previous” by 110 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 moved down for 16 minutes about 32 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 18 minutes

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 20 minutes

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 10 minutes about 22 PIPS – wrong direction

(USD/CHF )

a one minute USD/CHF currency chart

a one minute USD/CHF chart

This USD/CHF currency pair ranged for 18 minutes

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

This NZD/USD currency pair moved down for 11 minutes about 28 PIPS – wrong direction

(USD/JPY )

a one minute USD/JPY currncy chart

a one minute USD/JPY chart

This USD/JPY currency pair ranged for 24 minutes

The next scheduled release of this report will be Tuesday, 05-22-12 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.

Follow Up – EUR German ZEW Survey Economic Sentiment report

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 17th of April, 2012. I did not execute a FOREX trade this time.

Not a good trigger and no conflict! No trade.

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

On Tuesday, 04-17-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report was released.

The EUR Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

There are 3 other news release as well:

USD Philly Fed Manufacturing Index  
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m   
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

I did not enter a trade this time – EUR/USD!!! – no good trigger and no conflict!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

I did a “preview” post of this months report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is the set up:

EUR German ZEW Economic Sentiment  Stats:

previous = 22.3

forecast = 19.7

actual = 23.4


Here is how I was set up and what happened:

EUR-4-00AM-ET-04-17-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_____23.4_________19.7________22.3
Out at 29.7 more BUY EUR/USD
Out at 09.7 less SELL EUR/USD

Good – “actual” came out higher than “forecast” by 3.7
Good – “actual” came out higher than “previous” by 1.1

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD currency chart

a one minute EUR/AUD chart

This EUR/AUD currency pair spiked up/down 1st minute about 12 PIPS/ 6 PIPS
Ranged for 6 minutes
Moved down for 37 minutes about 27 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD currency chart

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked up/down 1st minute about 16 PIPS/ 5 PIPS
Moved down for 43 minutes about 27 PIPS – wrong direction

(EUR/CHF)

a one minute EUR/CHF currency chart

a one minute EUR/CHF chart

This EUR/CHF currency pair spiked up/down 1st minute about 3 PIPS/ 1 PIP
Moved down for 47 minutes about 4 PIPS – wrong direction

(EUR/GBP)

a one minute EUR/GBP currency chart

a one minute EUR/GBP chart

This EUR/GBP currency pair  moved up for 10 minutes about 12 PIPS – right direction
Ranged for 10 minutes

(EUR/JPY)

a one minute EUR/JPY currency chart

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 3 minutes about 21 PIPS – right direction
Moved down for 56 minutes about 39 PIPS – wrong direction

(EUR/NZD)

a one minute EUR/NZD currency chart

a one minute EUR/NZD chart

This EUR/NZD currency pair moved up for 3 minutes about 18 PIPS – right direction
Moved down for 50 minutes about 50 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

This EUR/USD currency pair spiked up/down 1st minute about 21 PIPS/ 5 PIPS
Moved down for 59 minutes about 25 PIPS – wrong direction

The next reports are scheduled for Tuesday, 05-15-12 at 5:00 AM ET, I have noticed lately that schedules are sometimes changed during the time periods between scheduled reports.

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.

Preview – USD Existing Home Sales report

Tomorrow, the US Existing Home Sales report will be released – this is normally a very good news release for trading.

There was not a good trigger last month, did not enter a trade

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Thursday, 04-19-12 at 10:00 AM ET one important USD report is to be released, this is the USD Existing Home Sales report, released monthly by the National Association of Realtors.

There are 3 other news release as well:

USD Philly Fed Manufacturing Index  
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m 
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

There was not a good trigger last month, did not enter a trade

I did a “follow up” post on the March report, click here for a review.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.59 M

Forecast = 4.62 M

This “forecast” indicates that there will be a increase of home sales of about 30,000 homes over last months sales.


Here is how I am set up for tomorrow:

USD-10-00AM-ET-04-19-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.62M________4.59M
Out at 4.82M or Higher – SELL EUR/USD
Out at 4.42M or Lower – BUY EUR/USD

I think that a good difference between the “actual” and the “forecast” of say 200K or more could present a brief “scalp” opportunity with the currency pair EUR/USD currency pair.

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

The next release of theses reports will be on Tuesday, 05-22-12 at 10:00 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.

Follow Up- USD – Core Retail Sales MoM and Retail Sales MoM

This USD Retail sales report and the Core Retail Sales report was released yesturday.
The “actual“ was not far enough outside the forecast for a trade – but, there was not any conflict

Did not enter a trade this time!

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

On  Monday, 04-16-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

There were 2 other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

CAD Foreign Securities Purchases
Released monthly by Statistics Canada

I did a “preview” post of this months news release, click here for a review.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Did not enter a trade this time! no trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM  stats

Previous = 0.9%

Forecast = 0.6%

Actual = 0.8%

USD – Retail Sales MoM  stats

Previous = 1.% ————–revised = 1.0%

Forecast = 0.4%

Actual = 0.8%


Here is how I was set up and what happened:

USD-8-30AM-ET-04-16-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_____0.8%______0.6%______   0.9%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Good – “actual” came out higher than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.1%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.4%________ 1.1%
____0.8% ______0.4%_________1.0%

Good – “actual” came out higher than “forecast” by 0.4%
Bad – “actual” came out lower than “previous” by 0.3%
Bad – “actual” came out lower than revised “previous” by 0.2%

Here are the charts:

(AUD/USD)

a one minute AUD/USD currency chart

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 23 minutes about 24 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

This currency pair EUR/USD moved up/down 1st minute about 3 PIPS/ 7 PIPS -
moved up for next 16 minutes about 30 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

This currency pair GBP/USD moved down for 2 minutes about 8 PIPS – right direction
moved up for next 31 minutes about 26 PIPS – wrong direction

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

This currency pair NZD/USD moved up for 44 minutes about 17 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 35 minutes about 29 PIPS – wrong direction

(USD/CHF) a one minute USD/CHF chart

This currency pair USD/CHF no currency pair chart

(USD/JPY)

a one minute USD/JPY currency chart

a one minute USD/JPY chart

This currency pair USD/JPY Ranged spiked up/down 1st minute about 10 PIPS/ 7 PIPS
Ranged for 15 minutes
moved up for 2 minutes about 5 PIPS – right direction

The next time this will be released will be on Tuesday, 05-15-12 at 8:30 AM ET.

I will post a “preview” a day or 2 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 ZEW Survey Economic Sentiment report

Tomorrow, the ZEW – The Center for European Economic Research is releasing the German ZEW Economic Sentiment again, this report is fairly good for trading – that is, when it is a surprise to the market.

I did not enter a trade last month – good trigger!

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Tuesday. 04-17-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report will be released.

The EUR Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

Along with 3 other news reports:

EUR ZEW Economic Sentiment
Released monthly by ZEW

EUR CPI y/y     
EUR Core CPI y/y   
Released monthly by Eurostat

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

I did not enter a trade last month – good trigger!

I did a “follow up” of the March report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is what is going on this month:

EUR German ZEW Economic Sentiment  Stats:

previous = 22.3

forecast = 19.7


Here is how I am set up for tomorrow:

EUR-5-00AM-ET-04-17-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
________________19.7________22.3
Out at 29.7 more BUY EUR/USD
Out at 9.7 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________10.7________11.0

It appears that the economists believe the EUR German economy is not in recovery, nor the EUR ZEW for that matter.

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

The next schedule release of this report is Tuesday, 05-15-12 at 5:00 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

Preview – USD – Core Retail Sales MoM and Retail Sales MoM

At 8:30 AM ET tomorrow the USD – Core Retails Sales report is being released – this report should have some impact on the FOREX market.

These Retail Sales reports forecast are not in conflict.

I did not enter a trade last month – no trigger, but no conflict!

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Monday, 04-16-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports will be released.

These two reports are released monthly by the Census Bureau.

Two other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

CAD Foreign Securities Purchases
Released monthly by Statistics Canada

I did not enter a trade last month – no trigger, but, no conflict!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

I did a “follow up” post of last months news release, click here to see what happened.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market. But – important they both go in the same direction.

Here is what is happening on Monday, 04-16-12:

USD – Core Retail Sales MoM  stats

Previous = 0.9%           

Forecast = 0.6%       

USD – Retail Sales MoM  stats

Previous = 1.1%

Forecast = 0.4%

The economists believe the Retails Sales reports are not improving for the economy.

Both reports are forecast for a down turn in the economy.


Here is how I am set up for tomorrow:

USD-8-30AM-ET-04-16-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_______________0.6%______   0.9%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.4%________ 1.1%

Also, pay attention to your “broker spread” when selecting currency pairs to trade.

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

The next time this is scheduled to be released is on Tuesday, 05-15-12 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

Follow Up – USD Non-Farm Employment Change and Unemployment Rate reports

Here is a follow up of last Fridays US Employment reports, the  employment change showed some improvement and the Unemployment Rate improved as well

Did not enter a trade – could have, both reports were good for the US.

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

On Friday, 04-06-12 at 8:30 AM ET, the Bureau of Labor Statistics released the monthly reports of the USD Non-Farm Employment Change and Unemployment Rate.

There was 1 other news release

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

Did not enter a trade – no triggers.

I  did a “preview” post for this months release, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

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

USD Non-Farm Employment Change  – Stats

Previous = 227k ———————-revised= 240K

Forecast = 211K ———————-revised= 207K

Actual = 120K

USD Unemployment Rate    – Stats

Previous = 8.3%

Forecast = 8.3%

Actual = 8.2%


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

USD-8-30AM-ET-04-06-12
Looking for a 100K difference
Actual > Forecast = Good for USD        
USD Non-Farm Employment Change  
——actual——–forecast——–previous
______________211K_______227K
_____120K____ 207K_______ 240K
out at 311K or higher – BUY USD/JPY
out at 111K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 91K
Bad – “actual” came out lower than revised “forecast” by 87K
Bad – “actual” came out lower than “previous” by 107K
Bad – “actual” came out lower than revised “previous” by 120K

Actual < Forecast = Good for USD
0.2 diff. watch for conflict
USD Unemployment Rate   
______8.2%______8.3%  ______8.3%
Actual < Forecast = Good for USD
0.2 diff. watch for conflict

Good – “actual” came out lower than “forecast” by 0.1%
Good – “actual” came out lower than “previous” by 0.1%

Here are the charts:

(AUD/USD)

a one minute AUD/USD currency chart

a one minute AUD/USD chart

This AUD/USD currency pair spiked down 1st minute about 45 PIPS -
Moved up for 13 minutes about 61 PIPS -

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

This EUR/USD currency moved up for 3 minutes about 49 PIPS -
Moved down for 3 minutes about 30 PIPS -

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

This GBP/USD currency pair moved up for 3 minutes about 24 PIPS -
Moved down for 3 minutes about 25 PIPS -

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

This NZD/USD currency pair spiked down 1st minute about 25 PIPS -
Moved up for 26 minutes about 60 PIPS -

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 8 minutes about 50 PIPS -
Moved down for 6 minutes about 23 PIPS -

(USD/CHF)

a one minute USD/CHF currency chart

a one minute USD/CHF chart

This USD/CHF currency pair moved down for 13 minutes about 44 PIPS -
Moved up for 6 minutes about 19 PIPS -

(USD/JPY)

a one minute USD/JPY currency chart

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 13 minutes about 123 PIPS -

The next scheduled release of the two major reports is on Friday, 05-04-12 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.

Follow Up CAD Ivey Purchasing Managers Index report

Here is the CAD IVEY Purchasing Managers index again, released on Thursday, 04-05-12 at 10:00 AM ET – I did not enter a trade this time – bad trigger.

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:
I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so I suggest, take each news report with a “grain of salt”.

I will continue recording the news reports.

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

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

Also:

GBP NIESR GDP Estimate   
Released monthly by NISRE

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

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

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

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 66.5

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

actual = 63.5


Here is how I was set up and what happened:

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

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

And, here are the charts:

(AUD/CAD)

a one minute AUD/CAD currency chart

a one minute AUD/CAD chart

This AUD/CAD currency pair ranged

(CAD/CHF)

a one minute CAD/CHF currency chart

a one minute CAD/CHF chart

This CAD/CHF currency pair ranged

(CAD/JPY)

a one minute CAD/JPY currency chart

a one minute CAD/JPY chart

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

(EUR/CAD)

a one minute EUR/CAD currency chart

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged

(GBP/CAD)

a one minute GBP/CAD currency chart

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged

(NZD/CAD)

a one minute NZD/CAD currency chart

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

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

The next scheduled release of this Canadian report will be on Friday, 05-04-12, at 10:00 AM ET.

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

Stay tuned!

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


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

Follow Up – CAD Employment Change and Unemployment Rate reports

This last Thursday the Canadian Employment Change and Unemployment Rate were released – I did not enter a trade this time,

This time there was a good amount of a difference between the “actual” and the “forecast”, and, the  reports were in conflict

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

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

Currently these titles are available:

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

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

Only a $1.99 each!! From Amazon Kindle.

On Thursday, 04-05-12 at 8:30 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

I did a post “preview” on Wednesday, 04-04-12, you can click here to see that post.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = -2.8K

Forecast = 12.6K—————-revised = 11.3K

Actual = -82.3K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

Actual = 7.2%


Here is how I was set up and what happened:

CAD-8-30AM-ET-04-05-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.6K________-2.8K
____-82.3K_____ 11.3K_______ -2.8K
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 94.9K
Bad – “actual” came out lower than revised “forecast” by 93.6K
Bad – “actual” came out lower then “previous” by 79.5K

Actual < Forecast = Good for CAD
Unemployment Rate:
______7.2%_____ 7.5% ________7.4%

Good – “Actual” came out lower than “forecast” by 0.3%
Good – “Actual” came out lower than “previous” by 0.2%

I did not enter a trade this time, no trigger and a conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD currency chart

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 4 minutes about 54 PIPS
Moved up for 6 minutes about 16 PIPS -
Moved down for 16 minutes about 17 PIPS

(CAD/CHF)

a one minute CAD/CHF currency chart

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 55 minutes about 73 PIPS -

(CAD/JPY)

a one minute CAD/JPY currency chart

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 3 minutes about 53 PIPS -
Moved down for 6 minutes about 22 PIPS
Moved up for 16 minutes about 34 PIPS

(EUR/CAD)

a one minute EUR/CAD currency chart

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 55 minutes about 79 PIPS -

(GBP/CAD)

a one minute GBP/CAD chart

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 55 minutes about 120 PIPS -

(NZD/CAD)

a one minute NZD/CAD currency chart

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 25 minutes about 59 PIPS -

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 3 minutes about 54 PIPS -
Moved up for 6 minutes about 16 PIPS
Moved down for 17 minutes about 25 PIPS

The next scheduled release of these reports will be on Friday 05-11-12 at 8:30 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

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

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

Currently these titles are available

Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

Trade New Zealand Retail Sales Report – M over M – News Report

Trade US Core Durable Goods Orders – News Report

Trade Australian Gross Domestic Product – Q over Q – News Report

Trade the British Gross Domestic Product – Q over Q – News Report

Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report

Trade European German Factory Orders News Report M over M

Click here FOREX Trade the News… What are the Odds? To see all e-books.

 

Only a $1.99 each!! From Amazon Kindle.

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

On Wednesday, 04-04-12 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, 04-03-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.
Let us check out what happened:

USD ADP Non- Farm Employment change stats:

Previous =216K—————revised = 230K

Forecast = 209K—————revised = 205K

Actual = 209K


Here is how I was set up and what happened:

USD-8-15AM-ET-04-04-12
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________209K________216K
_____209K______ 205K________ 230K
out at 259K or higher – SELL GBP/USD
out at 159K or lower – BUY GBP/USD

Neutral – “actual” came out same as “forecast”
Good – “actual” came out higher than revised “forecast” by 4K
Bad – “actual” came out lower than  “previous” by 7K
Bad – “actual” came out lower than revised “previous” by 21K

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

Here are the charts:

(AUD/USD)

a one minute AUD/USD currency chart

a one minute AUD/USD chart

The currency pair AUD/USD moved up for 4 minutes about 13 PIPS
Moved down for 7 minutes about 14 PIPS

(EUR/USD)

a one minute EUR/USD currency chart

a one minute EUR/USD chart

The currency pair EUR/USD range for 5 minutes
Moved down for 6 minutes about 16 PIPS
Ranged

(GBP/USD)

a one minute GBP/USD currency chart

a one minute GBP/USD chart

The currency pair GBP/USD small  move down 1st minute
Moved up for 7 minutes about 12 PIPS
Ranged

(NZD/USD)

a one minute NZD/USD currency chart

a one minute NZD/USD chart

The currency pair NZD/USD moved up for 4 minutes
Moved down for 4 minutes about 19 PIPS

(USD/CAD)

a one minute USD/CAD currency chart

a one minute USD/CAD chart

The currency pair USD/CAD range for 4 minutes
Moved up for 23 minutes about 17 PIPS

(USD/CHF)

a one minute USD/CHF currency chart

a one minute USD/CHF chart

The currency pair USD/CHF move up for 3 minutes
Moved down next minute about 4 PIPS
Moved up for 6 minutes about 13 PIPS

(USD/JPY)

a one minute USD/JPY currency chart

a one minute USD/JPY chart

The currency pair USD/JPY move up for 2 minutes about 11 PIPS
Moved down for 35 minutes about 18 PIPS

The next ADP report is scheduled for Wednesday, 05-02-12 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.