The Fundamental FOREX Blog (3)

Follow Up – USD Existing Home Sales report

April 20, 2012 – 9:57 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 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 chart

This AUD/USD currency pair moved down for 16 minutes about 32 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 18 minutes

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 20 minutes

(USD/CAD)

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 chart

This USD/CHF currency pair ranged for 18 minutes

(NZD/USD)

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 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

April 19, 2012 – 8:36 am

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 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 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 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 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 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 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 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 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.

By shark | Posted in Monetary Influence | Tagged EUR Follow Up, EUR News | Comments (0)

Preview – USD Existing Home Sales report

April 18, 2012 – 8:55 am

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 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.

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

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

April 17, 2012 – 7:59 am

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 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 chart

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

(EUR/USD)

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 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 chart

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

(USD/CAD)

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 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.

By shark | Posted in Monetary Influence | Tagged USD Follow Up, USD News | Comments (0)

Preview – EUR German ZEW Survey Economic Sentiment report

April 16, 2012 – 8:03 am

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 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

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

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

April 15, 2012 – 7:38 am

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 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

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

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

April 10, 2012 – 7:54 am

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 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 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 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 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 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 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 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 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.

By shark | Posted in Employment Economics | Tagged USD Follow Up, USD News | Comments (0)

Follow Up CAD Ivey Purchasing Managers Index report

April 9, 2012 – 7:31 am

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 chart

This AUD/CAD currency pair ranged

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair ranged

(CAD/JPY)

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 chart

This EUR/CAD currency pair ranged

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged

(USD/CAD)

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.

By shark | Posted in Manufacturing Industry | Tagged CAD Follow Up, CAD News | Comments (0)

Follow Up – CAD Employment Change and Unemployment Rate reports

April 8, 2012 – 7:53 am

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 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 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 chart

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

(CAD/JPY)

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 chart

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

(GBP/CAD)

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 chart

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

(USD/CAD)

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.

By shark | Posted in Employment Economics | Tagged CAD Follow Up, CAD News | Comments (0)

Follow Up – USD ADP Non- Farm Employment change report

April 6, 2012 – 9:25 am

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 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 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 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 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 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 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 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 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.

By shark | Posted in Employment Economics | Tagged USD Follow Up, USD News | Comments (0)

The Fundamental FOREX Blog

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

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Follow Up – CAD Employment Change and Unemployment Rate reports

Follow Up – USD ADP Non- Farm Employment change report

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