The Fundamental FOREX Blog (4)

Preview – CAD Employment Change and Unemployment Rate reports

April 4, 2012 – 7:38 am

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

I did not enter a trade last month – the trigger was not good and there was 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?

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

Also 2 other news items:
CAD Building Permits m/m
Released monthly by Statistics Canada

USD Unemployment Claims
Released weekly by the Department of Labor

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

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

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = -2.8K

Forecast = 12.6K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

The Unemployment Rate “forecast“ shows an increase, which will not be good for the CAD.

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

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

CAD-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
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF
Employment Rate:
_______________ 7.5% ________7.4%

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

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

The next schedule release of these reports is Friday, 05-11-12 at 7:30 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 – GBP Purchasing Managers Index Manufacturing report

April 3, 2012 – 8:36 am

Here are the results of Monday’s GBP Purchasing Managers Index Manufacturing Report – close, but no trigger – and no trade this time

No trigger, close – 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:

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

On Monday, 04-02-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Sunday, 04-01-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

Disclaimer:

I will continue recording the news reports.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 51.2——————–revised = 51.5

Forecast = 50.5——————–revised = 50.6

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.5_______51.2
_____52.1____ 50.6 _______51.5
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF

Good – “actual” came out higher than “forecast” by 1.6
Good – “actual” came out higher than revised “forecast” by 1.5
Good – “actual” came out higher than “previous” by 0.9
Good – “actual” came out higher than revised “previous” by 0.6

No trigger, close – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked down/up for 2 minutes about 9 PIPS/ 2 PIPS
Scheduled release: moved down for 13 minutes about 19 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 9 PIPS
Scheduled release: moved up for 16 minutes about 41 PIPS – right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 11 PIPS
Scheduled release: moved up for 15 minutes about 38 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 8 PIPS
Scheduled release: moved up for 13 minutes about 33 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 11 PIPS/ 9 PIPS
Scheduled release: moved up for 9 minutes about 17 PIPS – right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes about 17 PIPS/ 7 PIPS
Scheduled release: moved up for 15 minutes about 45 PIPS – right direction – best

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 12 PIPS
Scheduled release: moved up for 13 minutes about 18 PIPS - right direction

The next time this report is scheduled for release will be on Tuesday, 05-01-12 at 4:28 AM ET, and 4:30 AM ET

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

Stay tuned!

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

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

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

Preview – USD ADP Non- Farm Employment change report

April 3, 2012 – 7:58 am

US Employment reports have become important indicators of the US economy over the last 2 years. The ADP Non-Farm Employment change is tomorrow – I have traded this report 7 times out of the last 24 months. Did not trade last 4 months, even though there
were good triggers.

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

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:

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

Tomorrow, Wednesday, 04-04-12 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” will be released by Automatic Data Processing, Inc.

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

I did a “follow up” of the last months report, posted on Friday, 03-09-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 216K

Forecast = 209K

It appears that the employment situation is not improving.

Here is how I am set up for tomorrow:

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
out at 259K or higher – SELL GBP/USD
out at 159K or lower – BUY GBP/USD

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

The next ADP report is scheduled for Wednesday, 05-02-12 at 8:15 AM ET.

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

So – stay tuned!

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

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

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

Preview EUR – German Factory Orders MoM report

April 3, 2012 – 7:04 am

Tomorrow the German Factory Orders report is being released, – let’s see how things go this month, I did not trade last month.

I did not trade in February!

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:

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

Tomorrow, Wednesday, 04-04-12 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

I did post a follow up report for the month of February, click here to see what happened.

I also posted a video history report, click here to see what happened:

I did not trade in February!

Disclaimer:

I will continue recording the news reports.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = -2.7%

Forecast = 1.3%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-04-04-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________1.3%_______-2.7%
Out at 1.6% or higher – BUY EUR/JPY
Out at 0.0% or lower – SELL EUR/JPY
Watch for retrace second minute!

I think the departure from the “forecast” is going to have to be big, maybe more than 2.0% either way.

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

The next schedule for this EUR – German Factory Orders report will be on Monday, 05-07-12 at 6:00 AM ET.

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

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

Stay tuned!

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

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

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

Preview – USD ISM Manufacturing PMI report

April 1, 2012 – 7:32 am

The US is releasing a report tomorrow morning, Monday, April, 2nd at 10:00 AM ET, along with 2 other reports –

I did not enter a trade last time – there was not a 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:

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

Tomorrow, Tuesday, 04-02-12 at 10:00 AM ET the USD ISM Manufacturing PMI report will be released along with two other reports.

USD Construction Spending (MoM)
USD ISM Manufacturing Prices

USD ISM Manufacturing PMI has the greatest impact on the currency markets.

The USD ISM Manufacturing PMI is released by the Institute of Supply Management
and is released monthly,

and the Construction Spending is released by the Census Bureau and is released monthly.

And the USD ISM Manufacturing Prices is released by Institute for Supply Management.

I did a “follow up” post for last month, click here for a review.

I did not enter a trade last time – there was not a good trigger.

Disclaimer:

I will continue recording the news reports.

Here is the set up for this month:

USD ISM Manufacturing PMI stats:

Previous = 52.4

Forecast = 53.3

The Manufacturing PMI as “forecast” shows a small increase for the US economy.

Here is how I am set up for tomorrow:

USD-10-00AM-04-01-12
Looking for a Change of 2 to 3
Actual > Forecast = Good for USD
USD ISM Manufacturing PMI
——actual——-forecast——-previous
_______________53.3_______52.4
out at 55.3 or higher – BUY USD/JPY
out at 51.3 or lower – SELL USD/JPY

Watch for a conflict with the USD ISM Manufacturing Prices “actual” report

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

I posted a video of a past release of this report, click here to see what happened:

The next scheduled release of the USD – Manufacturing PMI is Tuesday, 05-01-12 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 Manufacturing Industry | Tagged USD News, USD Preview | Comments (0)

Preview – GBP Purchasing Managers Index Manufacturing report

April 1, 2012 – 6:16 am

Great Britain will be releasing the Purchasing Managers Index Manufacturing report tomorrow morning, Monday, 04-02-12. There are 2 release times, about 2 minutes apart.

I did not enter a trade last time- there was not a 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?

The first release is for subscribers to Reuters.

On Monday, 04-02-12 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 Sunday, 03-04-12 , click here for a review.

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

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.

Disclaimer:

I will continue recording the news reports.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 51.2

Forecast = 50.5

Here is how I am set up:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.5_______51.2
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF
Watch for reversal!

I did not enter a trade last time – there was not 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 will post a “Follow Up” soon after.

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 Tuesday, 05-01-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

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 GBP News, GBP Preview | Comments (0)

Follow up – USD Core Durable Goods report

March 29, 2012 – 8:14 am

On Wednesday, the 28th of March, 2012, the US Core Durable Goods Orders report was released – there was not enough difference between the “actual” and “forecast”- Plus, there was conflict

Both reports were such that they were in conflict – and, I 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:

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

On Wednesday, 03-28-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

I did not enter a trade this time, there was not enough difference – and the reports were in conflict.

My “preview” post concerning these reports was on Tuesday, 03-27-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = -3.0%

Forecast = 1.5%——————revised = 1.6%

Actual = 1.6%

Here is how I was set up and what happened:

USD-8-30AM-ET-03-28-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.5%________-3.0%
____1.6% _____1.6%________ -3.0%
out at 3.0% or higher – SELL GBP/USD
out at 0.0% or lower – BUY GBP/USD

Good – “actual” came out higher than “forecast” by 0.1%
Neutral – “actual” came out same as “previous”
Good – “actual” came out higher than revised “previous” by 4.6%

There was not a good enough difference between the “actual” and “forecast” to enter a trade, and there was a conflict between the 2 reports- so I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This AUD/USD currency pair ranged down for 43 minutes about 23 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 8 minutes about 9 PIPS – wrong direction
Moved down for 21 minutes about 38 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 5 minutes
Moved up for 2 minutes about 10 PIPS – wrong direction
Moved down for 23 minutes about 22 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved down for 3 minutes about 8 PIPS – right direction
Ranged

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 14 minutes about 7 PIPS – right direction
Moved down for 4 minutes about 6 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

This USD/CHF currency pair moved down for 8 minutes about 5 PIPS - wrong direction
Moved up for 21 minutes about 25 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

This USD/JPY currency pair moved down for 10 minutes about 12 PIPS – wrong direction
Moved up for 33 minutes about 14 PIPS – right direction

The next scheduled release of these reports is on Wednesday, 04-25-12 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 USD Follow Up, USD News | Comments (0)

Follow Up – USD Consumer Confidence report

March 28, 2012 – 7:08 am

The US Consumer Confidence report was released on Tuesday.

There was a good trigger and no conflict – but 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:

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

On Tuesday, 03-27-12, at 10:00 AM ET the USD Consumer Confidence report was released.

The last “Preview” of the Consumer Confidence report was posted on Monday, 03-26-12, click here for a review.

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

There is another news release and a FOMC speech:

USD Richmond Manufacturing Index
Released monthly by the Federal Reserve Bank of Richmond

USD FOMC Member Duke Speaks

Disclaimer:

I will continue recording the news reports.

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

USD Consumer Confidence Stats:

Previous = 70.8————–revised = 71.6

Forecast = 70.5————–revised = 70.3

Actual = 70.2

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

USD-10-00AM-ET-03-27-12
Looking for a 5.0 difference
Actual > Forecast = Good for the USD
USD CB Consumer Confidence
——actual——–forecast——–previous
_______________70.5_________70.8
_____70.2______ 70.3_________ 71.6
out at 75.5 or higher – BUY USD/JPY
out at 65.5 or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 0.3
Bad – “actual” came out lower than revised “forecast” by 0.1
Bad – “actual” came out lower than “previous” by 0.6
Bad – “actual” came out lower than revised “previous” by 1.4

There was a good trigger and no conflict – but no trade!

Check out the charts.

(AUD/USD)

a one minute AUD/USD chart

The currency pair AUD/USD moved down for 6 minutes about 13 PIPS – wrong direction
Moved up next 11 minutes about 8 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

The currency pair EUR/USD moved down for 3 minutes about 14 PIPS – wrong direction
Moved up next 15 minutes about 16 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The currency pair GBP/USD moved down for 3 minutes about 15 PIPS – wrong direction
Moved up next 14 minutes about 16 PIPS - right direction

(NZD/USD)

a one minute NZD/USD chart

The currency pair NZD/USD moved down for 6 minutes about 10 PIPS – wrong direction
Moved up next 12 minutes about 10 PIPS – right direction

(USD/CAD)

The currency pair USD/CAD moved up for 10 minutes about 14 PIPS – wrong direction
Moved down next 7 minutes about 8 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

The currency pair USD/CHF moved up for 3 minutes about 12 PIPS – wrong direction
Moved down next 15 minutes about 12 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The currency pair USD/JPY small range for 3 minutes
Moved down next 3 minutes about 13 PIPS – right direction

The next release of these reports will be on Tuesday, 04-24-12 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 USD Follow Up, USD News | Comments (0)

Preview – USD Core Durable Goods and Durable Goods Orders report

March 27, 2012 – 7:44 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- even though there was a good trigger and 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:

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

Tomorrow, Wednesday, 03-28-12 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.

I did not enter a trade last month!!

My last “follow up” post concerning these USD reports was on Wednesday, 02-29-12, click here for a review.

Disclaimer:

I will continue recording the news reports.

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

USD – Core Durable Goods Orders m/m – Stats

Previous = -3.0%

Forecast = 1.5%

USD – Durable Goods Orders m/m – Stats

Previous = -3.7%

Forecast = 3.0%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-03-28-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.5%________-3.0%
out at 3.0% or higher – SELL GBP/USD
out at 0.0% or lower – BUY GBP/USD

It appears that the economists believe that durable goods orders and core durable goods orders are not in conflict again this month, possible trade situation – 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 Wednesday, ~~03-28-12 at 7:30~~ 04-25-12 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 USD News, USD Preview | Comments (0)

Preview – USD Consumer Confidence report

March 26, 2012 – 7:53 am

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

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

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

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 Rate 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?

Tomorrow, on Tuesday, 03-27-12, at 10:00 AM ET the USD Consumer Confidence report will be released.

There is another news release and a FOMC speech:

USD Richmond Manufacturing Index
Released monthly by the Federal Reserve Bank of Richmond

USD FOMC Member Dudley Speaks

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, 03-01-12, 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.

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

USD Consumer Confidence Stats:

Previous = 70.8

Forecast = 70.5

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

Here is how I am set up for tomorrow:

USD-10-00AM-ET-03-27-12
Looking for a 5.0 difference
Actual > Forecast = Good for the USD
USD CB Consumer Confidence
——actual——–forecast——–previous
_______________70.5_________70.8
out at 75.5 or higher – BUY USD/JPY
out at 65.5 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, 04-24-12 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 USD News, USD Preview | Comments (0)

The Fundamental FOREX Blog

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