I did not trade this time – 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:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Wednesday, 03-07-12 at 7:30 PM ET, the Australian Bureau of Statistics  released the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “preview” of these reports on Tuesday, 03-06-12, click here to review.

I did not trade this time – there was not any conflict!

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

AUD Employment Change – Stats

Previous = 46.3K—————-revised = 46.2K

Forecast = 2.2K —————-revised = 5.1K

Actual = -15.4K

AUD Unemployment Rate – Stats

Previous = 5.1%

Forecast = 5.2%

Actual = 5.2%

Here is what happened then:

AUD-7-30PM-ET-03-07-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________5.2K______46.3K
_____-15.4K ____5.1K______ 46.2K
out at 25.2K or higher – SELL GBP/AUD
out at -14.8K or lower – BUY GBP/AUD

Bad – “actual” came out lower than “forecast” by 20.6K
Bad  – “actual” came out lower than revised “forecast” by 20.5K
Bad  – “actual” came out lower than “previous” by 61.7K
Bad  – “actual” came out lower than revised “previous” by 61.6K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————5.2%———5.2%———— 5.1%

Neutral- “actual” came out same as “forecast”
Bad – “actual” came out higher than “previous” by 0.1K

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF moved down for 3 minutes about 25 PIPS – right direction
Moved up for 12 minutes about 24 PIPS – wrong direction

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY moved down/up 1st minute about 29 PIPS/ 7 PIPS -
Moved up for 14 minutes about 38 PIPS – wrong direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved down 3 minutes about 35 PIPS – right direction
Moved up for 6 minutes about 12 PIPS – wrong direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved down 3 minutes about 30 PIPS – right direction
Moved up for 12 minutes about 33 PIPS – wrong direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD moved up 3 minutes about 31 PIPS - right direction
Moved down for 12 minutes about 30 PIPS - wrong direction

(GBP/AUD)

a one minute GBP/AUD chart

(GBP/AUD) a one minute GBP/AUD chart moved up 3 minutes about 41 PIPS – right direction  BEST
Moved down for 12 minutes about 42 PIPS – wrong direction

The next scheduled release of these two reports on Wednesday, 04-11-12 at 8:30 PM ET.

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

Stay tuned!

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

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

I did not execute 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 New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

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.

On Tuesday, 03-06-12 at 7:30 PM ET, the AUD Gross Domestic Product QoQ report was  released.

I wrote a “preview” post on Monday, 03-05-12, click here for a review.

This news report was released by the Australian Bureau of Statistics.

Here is how the report for this month came out:

AUD Gross Domestic Product QoQ – Stats

Previous = 1.0%——————revised = 0.8%

Forecast = 0.7%

Actual = 0.4%

It appears the economists believed the AUD economy was not improving – and, they were right. There was enough difference between the “actual” and the “forecast” for a trade.

I did not execute a trade.

Here is how I was set up for this news report.

AUD-7-30PM-ET-03-06-12
Looking for a 0.2%  difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual——–forecast——–previous
______________0.7%________1.0%
_____0.4%_____ 0.7% _______0.8%
Out at 0.9% or higher – BUY AUD/NZD
Out at 0.5% or lower – SELL AUD/NZD

Bad – “actual” came out lower then “forecast” by 0.3%
Bad – “actual” came out lower then “previous” by 0.6%
Bad – “actual” came out lower then revised “previous” by 0.4%

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF moved down for 25 minutes about 55 PIPS – right direction

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY moved down for 17 minutes about 44 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved down for 55 minutes about 71 PIPS - right direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved down for 20 minutes about 61 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This currency pair GBP/AUD moved up for 25 minutes about 85 PIPS – right direction  BEST

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD moved up for 25 minutes about 67 PIPS – right direction

The next scheduled release of these two reports is on Tuesday, 06-05-12 at 8:30 PM ET.
The schedule could change.

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.

Last month I did not enter a trade – there was a good trigger and there was no conflict.

The Employment Change “forecast“ shows the economy may not be  improving for the AUD. The Unemployment Rate will increase?

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

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

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Wednesday, 03-07-12 at 7:30 PM ET, the Australian Bureau of Statistics  will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of last months reports on Monday, 02-20-12, click here to see what happened.

Last month I did not enter a trade – there was a good trigger and no conflict.

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

AUD Employment Change – Stats

Previous = 46.3K

Forecast = 2.2K

AUD Unemployment Rate – Stats

Previous = 5.1%

Forecast = 5.2%

The Employment Change and Unemployment Rate “forecast“ shows the economy may not be  improving for the AUD.

Here is how I am set up for tomorrow:

AUD-7-30PM-ET-03-07-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________5.2K______46.3K
out at 25.2K or higher – SELL GBP/AUD
out at -14.8K or lower – BUY GBP/AUD

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————-5.2%———— 5.1%

I would not trade these reports unless they both go in the same direction, that is, both are good for the economy or not good.

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

The next scheduled release of these two reports on Wednesday, 04-11-12 at 8:30 PM ET.

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

Stay tuned!

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

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

I did not enter a trade last release!

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 New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Tuesday, 03-06-12 at 7:30 PM ET, the AUD Gross Domestic Product QoQ report will be released.

I did a “follow up” post of the last news report, click here to see.

These news report is released by the Australian Bureau of Statistics.

Here is how the report for this month is set

AUD Gross Domestic Product QoQ – Stats

Previous = 1.0%

Forecast = 0.7%

It appears the economists believe the AUD economy is decreasing this time.

I did not enter a trade last release!

Here is how I am setting up for this news report.

AUD-7-30PM-ET-03-06-12
Looking for a 0.2%  difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual——–forecast——–previous
______________0.7%________1.0%
Out at 0.9% or higher – BUY AUD/NZD
Out at 0.5% or lower – SELL AUD/NZD

Soon after the report was released I did post a “follow up” report of the results, click here to see what happened.

The next scheduled release of this report is on Tuesday, 06-06-12 at 8:30 PM ET.
The schedule could change.

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.

But, no trade this time – not enough difference between the “actual” and the “forecast”.

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 New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Tuesday, 02-28-12, at 7:30 PM ET the AUD Retail Sales m/m report was released.

This report is released monthly by the Australian Bureau of Statistics.

There were 2 other news releases also:

AUD Construction Work Done q/q    
Released Quarterly by the Australian Bureau of Statistics

AUD Private Sector Credit m/m    
Released monthly by the Reserve Bank of Australia

I did a “preview” post of these reports on Monday, 02-27-12, click here to check it out.

Lets take a look at what happened:

AUD Retail Sales m/m Stats:

Previous = -0.1%

Forecast = 0.3%

Actual = 0.3%

Here is how I was set up and what happened:

AUD-7-30PM-ET-02-28-12
Looking for a 2.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
_____0.3%_______0.3% ________-0.1%
Out at 1.3% or higher – BUY AUD/NZD
Out at -0.7% or lower – SELL AUD/NZD

Neutral – “actual” came out same as “forecast”
Good – “actual” came out higher than “previous” by 0.4%

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD currency chart

This AUD/CAD currency pair spiked down/up/down 1st minute about 4 PIPS/ 12 PIPS/ 4 PIPS
Moved up for 6 minutes about 13 PIPS – right direction

(AUD/CHF)

a one minute AUD/CHF currency chart

This AUD/CHF currency pair moved up for 7 minutes about 28 PIPS - right direction

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair moved up for 7 minutes about 18 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair spiked up/down/up 1st minute about 10 PIPS/ 22 PIPS/ 6PIPS
Ranged for 6 minutes
Moved down for 14 minutes about 16 PIPS – wrong direction

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair moved up for 7 minutes about 35 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair moved down for 7 minutes about 23 PIPS - right direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved down for 7 minutes about 44 PIPS – right direction  BEST!!!

The next scheduled release of AUD – Retails Sales report is on Monday, 03-02-12 at 8:30 PM ET.

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

Past performances are not an indication of future results

I will write a “follow up” post soon after this release.

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.

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 New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Tuesday, 02-28-12, at 7:30 PM ET the AUD Retail Sales m/m report will be released.

And is released monthly by the Australian Bureau of Statistics

There are 2 other news releases also:

AUD Construction Work Done q/q  
Released Quarterly by the Australian Bureau of Statistics

AUD Private Sector Credit m/m  
Released monthly by the Reserve Bank of Australia

I did a “follow up” post of the last report I posted on Friday, 01-13-12, click here to check it out.

Lets take a look at what is happening tomorrow:

AUD Retail Sales m/m Stats:

Previous = -0.1%

Forecast = 0.3%

The economists think the Australian economy is improving – -well??

So I will be paying attention to how that comes out.

Here is how I am set up for tomorrow:

AUD-7-30PM-ET-02-28-12
Looking for a 1.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
________________0.3% ________-0.1%
Out at 1.3% or higher – BUY AUD/NZD
Out at -0.7% or lower – SELL AUD/NZD

I will be looking for a 1.0% difference between the “actual” and the “forecast” this time, probably set up to trade the EUR/AUD currency pair this time.

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

The next scheduled release of the Retail Sales report is on Monday, 03-02-12 at 8:30 PM 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.

I did not trade this time – 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:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Wednesday, 02-15-12 at 7:30 PM ET, the Australian Bureau of Statistics  released the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “preview” of these reports on Tuesday, 02-14-12, click here to review.

I did not trade this time – even though there was no conflict and the trigger was good!

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

AUD Employment Change – Stats

Previous = -29.3.K—————-revised = -35.6K

Forecast = 10.9K —————-revised = 10.5K

Actual = 46.3K

AUD Unemployment Rate – Stats

Previous = 5.2%

Forecast = 5.3%

Actual = 5.1%

Here is what happened then:

AUD-5-30PM-02-15-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.9K______-29.3K
_____46.3K_____ 10.5K_____ -35.6K
out at 30.3K or higher – SELL GBP/AUD
out at -9.7K or lower – BUY GBP/AUD

Good – “actual” came out higher than “forecast” by 35.4K
Good  – “actual” came out higher than revised “forecast” by 35.8K
Good  – “actual” came out higher than “previous” by 75.6K
Good  – “actual” came out higher than revised “previous” by 81.9K

Actual < Forecast = Good for AUD
AUD Unemployment Rate
———-5.1%———5.3%———— 5.2%

Good – “actual” came out lower than “forecast” by 0.2K
Good – “actual” came out lower than “previous” by 0.1K

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF spiked up 1st minute about 53 PIPS – right direction
Moved down for 11 minutes about 15 PIPS – wrong direction
Moved up for 12 minutes about 16 PIPS – right direction

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY spiked up 1st minute about 44 PIPS – right direction
Moved down for 10 minutes about 19 PIPS – wrong direction
Moved up for 12 minutes about 13 PIPS - right direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 21 minutes about 73 PIPS – right direction   BEST

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD spiked up 1st minute about 60 PIPS – right direction
Moved down for 11 minutes about 26 PIPS – wrong direction
Moved up for 15 minutes about 22 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD spiked down 1st minute about 59 PIPS – right direction
Moved up for 12 minutes about 20 PIPS – wrong direction
Moved down for 12 minutes about 20 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This currency pair GBP/AUD spiked down 1st minute about 72 PIPS – right direction
Moved up for 10 minutes about 22 PIPS – wrong direction
Moved down for 13 minutes about 21 PIPS – right direction

The next scheduled release of these two reports on Wednesday, 03-07-12 at 7:30 PM ET.

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

Stay tuned!

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

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

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

The Employment Change “forecast“ shows the economy may be  improving for the AUD. The Unemployment Rate will increase?

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 New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

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

On Wednesday, 02-15-12 at 7:30 PM ET, the Australian Bureau of Statistics  will release the monthly AUD Employment Change and AUD Unemployment Rate reports

I posted a “follow up” of last months reports on Saturday, 01-21-11, click here to see what happened.

Last month I did not enter a trade – there was a good trigger and no conflict.

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

AUD Employment Change – Stats

Previous = -29.3K

Forecast = 10.9K

AUD Unemployment Rate – Stats

Previous = 5.2%

Forecast = 5.3%

The Employment Change and Unemployment Rate “forecast“ shows the economy may be  improving for the AUD.

Here is how I am set up for tomorrow:

AUD-7-30PM-ET-02-15-12
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.9K______-29.3K
out at 30.3K or higher – SELL GBP/AUD
out at -9.7K or lower – BUY GBP/AUD

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.3%———— 5.2%

I would not trade these reports unless they both go in the same direction, that is, both are good for the economy or not good.

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

The next scheduled release of these two reports on Wednesday, 03-07-12 at 7:30 PM ET.

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

Stay tuned!

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

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

I did not trade this time – there was conflict!

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

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

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”  NEW
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

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

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

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

I did not trade this time – there was conflict!

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

AUD Employment Change – Stats

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

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

Actual = -29.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.2%

Here is what happened then:

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

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

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

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

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

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

(AUD/JPY)

a one minute AUD/JPY chart

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

(AUD/NZD)

a one minute AUD/NZD chart

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

(AUD/USD)

a one minute AUD/USD chart

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

(EUR/AUD)

a one minute EUR/AUD chart

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

(GBP/AUD)

a one minute GBP/AUD chart

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

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

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

Stay tuned!

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

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

Last month I did not enter a trade – there was a good trigger and no conflict.

The Employment Change “forecast“ shows the economy may be  improving for the AUD. The Unemployment Rate remains the same?

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

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

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”  NEW
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

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

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

I posted a “follow up” of last months reports on Tuesday, 12-13-11, click here to see what happened.

Last month I did not enter a trade – there was a good trigger and no conflict.

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

AUD Employment Change – Stats

Previous = -6.3K

Forecast = 10.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

The Employment Change and Unemployment Rate “forecast“ shows the economy may be  improving for the AUD.

Here is how I am set up for tomorrow:

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

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.3%———— 5.3%

I would not trade these reports unless they both go in the same direction, that is, both are good for the economy or not good.

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

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

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

Stay tuned!

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

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