The Fundamental FOREX Blog » AUD News

Follow Up – AUD Employment Change and AUD Unemployment Rate reports

shark — Sat, 21 Jan 2012 15:50:48 +0000

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

I did not trade this time – there was conflict!

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

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

Currently these titles are available:

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

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

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

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

I did not trade this time – there was conflict!

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

AUD Employment Change – Stats

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

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

Actual = -29.3K

AUD Unemployment Rate – Stats

Previous = 5.3%

Forecast = 5.3%

Actual = 5.2%

Here is what happened then:

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

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

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

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

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF 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.

Preview – AUD Employment Change and AUD Unemployment Rate reports

shark — Tue, 17 Jan 2012 15:40:43 +0000

Australia will release their Employment change and the Unemployment Rate tomorrow evening – one of my favorite reports to trade.

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:

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.

Follow Up – AUD Retail Sales m/m report

shark — Fri, 13 Jan 2012 17:00:08 +0000

Last Sunday, Australia released the Retail Sales report, I have been able to trade many times the last 14 months – this report is one of my favorites.

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

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:

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

On Sunday, 01-08-12, 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.

I did a “preview” post of these reports on Saturday, 01-07-12, click here to check it out.

Lets take a look at what happened:

AUD Retail Sales m/m Stats:

Previous = 0.2%

Forecast = 0.4%

Actual = 0.0%

Here is how I was set up and what happened:

AUD-7-30PM-ET-01-08-12
Looking for a 2.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
_____0.0%_______0.4% ________0.2%
Out at 2.4% or higher – SELL EUR/AUD
Out at -1.6% or lower – BUY EUR/AUD

Bad – “actual” came out lower than “forecast” by 0.4%
Bad – “actual” came out lower than “previous” by 0.2%

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD currency chart

This AUD/CAD currency pair spiked down/up 1st minute about 25 PIPS/ 17 PIPS
Moved down for 2 minutes about 10 PIPS – right direction
Moved up for 34 minutes about 15PIPS – wrong direction

(AUD/CHF)

a one minute AUD/CHF currency chart

This AUD/CHF currency pair Moved down for 7 minutes about 27 PIPS – right direction
Ranged

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair spiked down/up 1st minute about 22 PIPS/ 13 PIPS
Moved down for 2 minutes about 8 PIPS – right direction
Moved up for 13 minutes about 10PIPS – wrong direction

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair moved down for 25 minutes about 32 PIPS – right direction

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair spiked down/up 1st minute about 29 PIPS/ 10 PIPS
Moved down for 2 minutes about 11 PIPS – right direction
Ranged up

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair spiked up/down 1st minute about 35 PIPS/ 20 PIPS
Moved down for 2 minutes about 11 PIPS – right direction
Ranged up

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair spiked up/down 1st minute about 38 PIPS/ 20 PIPS
Moved up for 6 minutes about 10 PIPS – right direction
Moved down for 9 minutes about 12 PIPS – wrong direction

The next scheduled release of AUD – Retails Sales report is on Sunday, 02-05-12 at 7:30 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.

Preview – AUD Retail Sales m/m report

shark — Sat, 07 Jan 2012 15:15:45 +0000

Tomorrow, Sunday 01-08-12, Australia will be releasing the “Retail Sales” report – this report is usually a good report to trade, a little tricky at times.

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:

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

On Sunday, 01-08-12, 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

I did a “follow up” post of the last report I posted on Sunday, 12-04-11, click here to check it out.

Lets take a look at what is happening tommorow:

AUD Retail Sales m/m Stats:

Previous = 0.2%

Forecast = 0.4%

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-7:30 PM-ET-01-08-12
Looking for a 2.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
________________0.4% ________0.2%
Out at 2.4% or higher – SELL EUR/AUD
Out at -1.6% or lower – BUY EUR/AUD

I will be looking for a 2.0% 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 Sunday, 02-05-12 at 7:30 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.

Follow Up – AUD Employment Change and AUD Unemployment Rate reports

shark — Tue, 13 Dec 2011 17:13:43 +0000

Here is a follow up report of the AUD – Employment Change and the AUD Unemployment Rate, released on Wednesday 12-07-11..

I did not trade this time – not enough difference- there were not in conflict!

On Wednesday, 12-09-11 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, 12-06-11, click here to review.

I did not trade this time – not enough difference!

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

AUD Employment Change – Stats

Previous = 10.1K—————-revised = 16.8K

Forecast = 10.6K —————-revised = 10.3K

Actual = -6.3K

AUD Unemployment Rate – Stats

Previous = 5.2%

Forecast = 5.2%

Actual = 5.3%

Here is what happened then:

AUD-7-30PM-ET-12-07-11
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.6K______10.1K
____-6.3K______ 10.3K______ 16.8K
out at 30.6K or higher – SELL GBP/AUD
out at -9.4K or lower – BUY GBP/AUD

Bad – “actual” came out lower than “forecast” by 16.9K
Bad – “actual” came out lower than revised “forecast” by 16.6K
Bad – “actual” came out lower than “previous” by 16.7K
Bad – “actual” came out lower than revised “previous” by 23.1K

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

Bad – “actual” came out higher than “forecast” by 0.1K
Bad – “actual” came out higher than “previous” by 0.1K

Want to add more options to your currency 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 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” NEW

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

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF moved down for 12 minutes about 46 PIPS – right direction
Moved up for 19 minutes about 19 PIPS – wrong direction

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY moved down for 11 minutes about 37 PIPS – right direction
Moved up for 21 minutes about 18 PIPS – wrong direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved down for 11 minutes about 47 PIPS – right direction
Moved up for 9 minutes about 10 PIPS – wrong direction

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved down for 12 minutes about 49 PIPS – right direction
Moved up for 19 minutes about 22 PIPS – wrong direction

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD moved up for 11 minutes about 59 PIPS – right direction
Moved down for 23 minutes about 18 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD chart

This currency pair GBP/AUD moved up for 12 minutes about 67 PIPS – right direction
Moved down for 19 minutes about 22 PIPS - wrong direction

The next scheduled release of these two reports on Wednesday, 01-18-12 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.

Follow Up – AUD Gross Domestic Product QoQ report

shark — Mon, 12 Dec 2011 17:27:18 +0000

Last Tuesday, 12-06-11, Australia released their Gross Domestic Product report, normally this report is good for a FOREX – not this time.

I did not executed a trade.

On Tuesday, 12-06-11 at 7:30 PM ET, the AUD Gross Domestic Product QoQ report was released.

I wrote a “preview” post on Monday, 12-05-11, 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 = 1.2%

Forecast = 1.2%——————revised = 1.0%

Actual = 1.0%

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

I did not executed a trade.

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

AUD-7-30PM-ET-12-06-11
Looking for a 0.2% difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual——–forecast——–previous
______________1.2%________1.2%
____1.0%______ 1.0% _______ 1.2%
Out at 1.4% or higher – BUY AUD/NZD
Out at 1.0% or lower – SELL AUD/NZD

Bad – “actual” came out lower then “forecast” by 0.2%
Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower then “previous” by 0.2%

Want to add more options to your currency 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?

Here are the charts:

(AUD/CHF)

a one minute AUD/CHF chart

This currency pair AUD/CHF moved up for 12 minutes about 28 PIPS – wrong direction
Moved down for 15 minutes about 9 PIPS – right direction

(AUD/JPY)

a one minute AUD/JPY chart

This currency pair AUD/JPY moved up for 2 minutes about 27 PIPS – wrong direction
Moved down for 27 minutes about 19 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 7 minutes about 30 PIPS – wrong direction
Ranged

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD moved up for 2 minutes about 34 PIPS – wrong direction
Ranged

(GBP/AUD)

a one minute GBP/AUD chart

This currency pair GBP/AUD moved down for 2 minutes about 46 PIPS – wrong direction
Ranged

(EUR/AUD)

a one minute EUR/AUD chart

This currency pair EUR/AUD moved down for 11 minutes about 36 PIPS – wrong direction
Moved up for 47 minutes about 17 PIPS – right direction

The next scheduled release of these two reports is on Tuesday, 03-06-12 at 7:30 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.

Preview – AUD Employment Change and AUD Unemployment Rate reports

shark — Tue, 06 Dec 2011 15:51:32 +0000

Australia will release their Employment change and the Unemployment Rate tomorrow evening – one of my favorite reports to trade.

Last month I did not enter a trade.

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

On Wednesday, 12-07-11 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 Friday, 11-11-11, click here to see what happened.

Last month I did not enter a trade.

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

AUD Employment Change – Stats

Previous = 10.1K

Forecast = 10.6K

AUD Unemployment Rate – Stats

Previous = 5.2%

Forecast = 5.2%

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

Want to add more options to your currency 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?

Here is how I am set up for tomorrow:

AUD-7-30PM-ET-12-07-11
Looking for a 20K difference
Actual > Forecast = Good for AUD
AUD Employment Change
——actual———-forecast——-previous
_______________10.6K______10.1K
out at 30.6K or higher – SELL GBP/AUD
out at -9.4K or lower – BUY GBP/AUD

Actual < Forecast = Good for AUD
AUD Unemployment Rate
————————5.2%———— 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, 01-18-11 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.

Preview – AUD Gross Domestic Product QoQ report

shark — Mon, 05 Dec 2011 16:50:00 +0000

Tomorrow, Tuesday 12-06-11, Australia is releasing a very tradable news release, its Quarter over Quarter Gross Domestic Product.

I did enter a trade last release of the currency pair AUD/NZD – a win!

On Tuesday, 12-06-11 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 up:

AUD Gross Domestic Product QoQ – Stats

Previous = 1.2%

Forecast = 1.2%

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

I did enter a trade last release of the currency pair AUD/NZD – a win!

Want to add more options to your currency 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?

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

AUD-7-30PM-ET-12-06-11
Looking for a 0.2% difference
Actual > Forecast = Good for AUD
AUD GDP q/q
——actual——–forecast——–previous
______________1.2%________1.2%
Out at 1.4% or higher – BUY AUD/NZD
Out at 1.0% 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 these two reports is on Tuesday, 01-06-12 at 7:30 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.

Follow Up – AUD Retail Sales m/m report

shark — Sun, 04 Dec 2011 15:53:13 +0000

Last Wednesday Australia released the Retail Sales report, I have been able to trade many times the last 13 months – this report is one of my favorites.

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

On Wednesday, 11-30-11, at 8:30 PM ET the AUD Retail Sales m/m report was released.

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

Also, 1 other news report:

AUD Building Approvals m/m
Released monthly by Australian Bureau of Statistics

I did a “preview” post of these reports on Tuesday, 11-29-11, click here to check it out.

Lets take a look at what happened:

AUD Retail Sales m/m Stats:

Previous = 0.4%

Forecast = 0.4%

Actual = 0.2%

Here is how I was set up and what happened:

AUD-7-30PM-ET-11-30-11
Looking for a 2.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
_____0.2%_______0.4% ________0.4%
Out at 2.4% or higher – SELL EUR/AUD
Out at -1.6% or lower – BUY EUR/AUD

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

Want to add more options to your currency 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?

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD currency chart

This AUD/CAD currency pair moved down for 23 minutes about 30 PIPS – right direction

(AUD/CHF)

a one minute AUD/CHF currency chart

This AUD/CHF currency pair moved down for 28 minutes about 27 PIPS – right direction

(AUD/JPY)

a one minute AUD/JPY currency chart

This AUD/JPY currency pair moved down for 28 minutes about 33 PIPS – right direction

(AUD/NZD)

a one minute AUD/NZD currency chart

This AUD/NZD currency pair moved down for 32 minutes about 53 PIPS – right direction – best

(AUD/USD)

a one minute AUD/USD currency chart

This AUD/USD currency pair moved down for 24 minutes about 35 PIPS – right direction

(EUR/AUD)

a one minute EUR/AUD currency chart

This EUR/AUD currency pair moved up for 28 minutes about 37 PIPS - right direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up for 24 minutes about 44 PIPS – right direction

The next scheduled release of AUD – Retails Sales report is on Sunday, 01-08-12 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.

Preview – AUD Retail Sales m/m report

shark — Tue, 29 Nov 2011 16:40:18 +0000

Tomorrow, Wednesday 11-30-11, Australia will be releasing the “Retail Sales” report – this report is usually a good report to trade, a little tricky at times.

On Wednesday, 11-30-11, 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

Also, 1 other news report:

AUD Building Approvals m/m
Released monthly by Australian Bureau of Statistics

I did a “follow up” post of the last report I posted on Sunday, 11-06-11, click here to check it out.

Lets take a look at what is happening tomorrow:

AUD Retail Sales m/m Stats:

Previous = 0.4%

Forecast = 0.4%

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

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

Want to add more options to your currency 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 Core Durable Goods Orders – News Report” - new
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”

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

Here is how I am set up for tomorrow:

AUD-7:30 PM-ET-11-30-11
Looking for a 2.0% difference
Actual > Forecast = Good for AUD
AUD Retail Sales m/m
——actual———-forecast———-previous
________________0.4% ________0.4%
Out at 2.4% or higher – SELL EUR/AUD
Out at -1.6% or lower – BUY EUR/AUD

I will be looking for a 2.0% 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 Sunday, ~~12-08-11~~ 01-08-12 at 7:30 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.