The Fundamental FOREX Blog » CAD Follow Up

Follow Up – CAD Building Permits MoM report

shark — Sat, 14 Jan 2012 16:48:18 +0000

On Monday, 01-09-12, Canada released its Building Permits report – not enough difference for a surprise to the market – so. no trade

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 Monday, 01-09-12 at 8:30 AM ET, the Canadian “Statistics Canada” released the monthly CAD Building Permits MoM report.

I posted a “preview” of this economic news report on Sunday, 01-08-12, click here to view.

Here is what happened:

CAD - Building Permits m/m – Stats

Previous = 11.9%———————–revised = 11.6%

Forecast = -3.1%

Actual = -3.6%

Here is how I was set up and what happened:

CAD-8-30AM-ET-01-09-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD - Building Permits m/m
——actual——–forecast——–previous
_____________-3.1%_________11.9%
____-3.6% ____-3.1%________ 11.6%
Out at -1.% or more – BUY CAD/CHF
Out at -5.1% or less – SELL CAD/CHF

Bad – “actual” came out lower than “forecast“ by 0.5%
Bad – “actual” came out lower than “previous“ by 15.5%
Bad – “actual” came out lower than revised “previous“ by 15.2%

I did not enter a trade, the trigger was not good.

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD ranged for 9 minutes
Moved down for 9 minutes about 14 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF Moved up for 15 minutes about 39 PIPS – wrong direction
Ranged

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY moved down for 3 minutes about 3 PIPS – right direction
Ranged
Moved up for 13 minutes about 14 PIPS - wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD moved down for 23 minutes about 23 PIPS – wrong direction
Moved up for 6 minutes about 15 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD moved up for 3 minutes about 9 PIPS – right direction
Moved down for 18 minutes about 23 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD moved up for 4 minutes about 3 PIPS – right direction
Moved down for 8 minutes about 8 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved up for 3 minutes about 9 PIPS - right direction
Moved down for 36 minutes about 26 PIPS – wrong direction

The next scheduled release of these reports on Tuesday, 02-07-12 at 8:30 AM ET, at this point in time there may be additional reports released at the same time.

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

Stay tuned!

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

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

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Tue, 10 Jan 2012 17:14:07 +0000

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

This time there was not a good amount of a difference between the “actual” and the “forecast”, and, the reports were in 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:

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

On Friday, 01-06-12 at 7:00 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 Thursday, 01-05-12, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = -18.6K

Forecast = 15.3K——————-revised = 17.8K

Actual = 17.5K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.4%

Actual = 7.5%

Here is how I was set up and what happened:

CAD-7-00AM-ET-01-06-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________15.3K________-18.6K
____17.5K ______17.8K_______ -18.6K
out at 35.3K or higher – BUY CAD/CHF
out at -04.7K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 2.2K
Bad – “actual” came out lower than revised “forecast” by 0.3K
Good – “actual” came out higher then “previous” by 36.1K

Actual < Forecast = Good for CAD
Employment Rate:
_____7.5%_______ 7.4% ________7.4%

Bad – “Actual” came out higher than “forecast” by 0.1%
Bad – “Actual” came out higher than “previous” by 0.1%

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

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved up for 6 minutes about 24 PIPS -
moved down for 13 minutes about 19 PIPS -

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved down for 7 minutes about 32 PIPS -
moved up for 13 minutes about 10 PIPS -

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 7 minutes about 20 PIPS -
moved up for 14 minutes about 8 PIPS -

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 7 minutes about 41 PIPS -
moved down for 14 minutes about 13 PIPS -

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 7 minutes about 41 PIPS -
moved down for 8 minutes about 23 PIPS -

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 7 minutes about 23 PIPS -
moved down for 11 minutes about 13 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 7 minutes about 27 PIPS -
moved down for 4 minutes about 9 PIPS -

The next scheduled release of these reports will be on Friday 02-03-12 at 7:00 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.

Follow Up CAD Ivey Purchasing Managers Index report

shark — Mon, 09 Jan 2012 15:17:24 +0000

Here is the CAD IVEY Purchasing Managers index again, released on Thursday, 01-05-12 at 10:00 AM ET – I did not enter a trade this time – there was a good trigger.

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 Thursday, 01-05-12 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.

Along with 1 other report:

USD ISM Non-Manufacturing PMI
Released monthly by Institute for Supply Management

I did not enter a trade this month – there was a good trigger!

I did a “preview“ post on Monday, 12-05-11, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 59.9

forecast = 56.7—————–revised = 57.5

actual = 63.5

Here is how I was set up and what happened:

CAD-10-00AM-ET-01-05-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________56.7________59.9
____63.5_________ 57.5________ 59.9
Out at 60.7 or higher – SELL EUR/CAD
Out at 52.7 or lower – BUY EUR/CAD

Good – “actual” came out higher than “forecast” by 6.8
Good – “actual” came out higher than “previous” by 6.0
Good – “actual” came out higher than revised “previous” by 3.6

And, here are the charts:

a one minute AUD/CAD chart

(AUD/CAD)

This AUD/CAD currency pair spiked down/up/down 1st minute about 5 PIPS/ 12 PIPS/ 7 PIPS
Ranged for 4 minutes
Moved up next 11 minutes about 18 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair spiked up/down/up 1st 2 minutes about 4 PIPS/ 15 PIPS/ 12 PIPS
Moved down next 7 minutes about 17 PIPS – wrong direction
Moved up next 18 minutes about 18 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked up/down/up 1st minute about 3 PIPS/ 13 PIPS/ 8 PIPS
Moved down next11 minutes about 11 PIPS – wrong direction
Moved up next 15 minutes about 11 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 9 minutes about 20 PIPS – wrong direction
Moved down next 17 minutes about 20 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 9 minutes about 23 PIPS - wrong direction
Moved down next 18 minutes about 30 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged for 5 minutes
Moved down for 2 minutes about 3 PIPS – right direction
Moved up next 9 minutes about 15 PIPS – wrong direction

(USD/CAD)

This USD/CAD currency pair moved up for 8 minutes about 21 PIPS – wrong direction
Moved down for 19 minutes about 29 PIPS – right direction

The next scheduled release of this Canadian report will be on Friday, 02-03-12, at 10:00 AM ET.

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

Stay tuned!

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

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

Follow Up CAD Ivey Purchasing Managers Index report

shark — Sun, 11 Dec 2011 16:39:06 +0000

Here is the CAD IVEY Purchasing Managers index again, released on Tuesday, 12-06-11 at 10:00 AM ET – I did not enter a trade this time – there was a good trigger.

On Tuesday, 12-06-11 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.

Along with 1 other report:

USD FOMC Member Tarullo Speaks

I did not enter a trade this month – there was a good trigger!

I did a “preview“ post on Monday, 12-05-11, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 59.9

forecast = 55.2

actual = 59.9

Here is how I was set up and what happened:

CAD-10-00AM-ET-12-06-11
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_____59.9________55.2________54.4
Out at 59.2 or higher – SELL EUR/CAD
Out at 51.2 or lower – BUY EUR/CAD

Good – “actual” came out higher than “forecast” by 4.7
Good – “actual” came out higher than revised “forecast” by 5.5

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?

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 moved up for 8 minutes about 15 PIPS – right direction
Moved up for 7 minutes about 10 PIPS – wrong direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 2 minutes about 12 PIPS – right direction
Moved down for 9 minutes about 7 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 2 minutes about 10 PIPS – right direction
Moved up for 11 minutes about 10 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 2 minutes about 19 PIPS – right direction
Moved up for 5 minutes about 10 PIPS – wrong direction
Moved down for 25 minutes about 32 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 10 minutes about 13 PIPS – wrong direction
Ranged!

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 2 minutes about 17 PIPS – right direction
Moved up for 10 minutes about 16 PIPS – wrong direction

The next scheduled release of this Canadian report will be on Tuesday, 12-06-11, at 10:00 AM ET.

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

Stay tuned!

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

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

Follow Up – CAD Building Permits MoM report

shark — Sat, 10 Dec 2011 16:46:42 +0000

On Tuesday, 12-06-11, Canada released its Building Permits report – this was a good opportunity to trade this report since the “actual” came out higher than the “forecast” enough to be a surprise to traders. But…

I did not enter a trade of the EUR/CHF currency pair – even though the trigger was good. There was another more important Canadian news release at 9:00 AM ET.

On Tuesday, 12-06-11 at 8:30 AM ET, the Canadian “Statistics Canada” released the monthly CAD Building Permits MoM report.

I posted a “preview” of this economic news report on Monday, 12-05-11, click here to view.

Here is what happened:

CAD - Building Permits m/m – Stats

Previous = -4.9%———————–revised = -4.1%

Forecast = 2.3%

Actual = 11.9%

Here is how I was set up and what happened:

CAD-8-30AM-ET-12-06-11
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD - Building Permits m/m
——actual——–forecast——–previous
_____________2.3%_________-4.9%
____11.9%____ 2.3% ________-4.1%
Out at 4.3% or more – BUY CAD/CHF
Out at 0.3% or less – SELL CAD/CHF

Good – “actual” came out higher than “forecast“ by 9.6%
Good – “actual” came out higher than “previous“ by 16.8%
Good – “actual” came out higher than revised “previous“ by 16.0%

I did not enter a trade even though the trigger was very good

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:

Apparently, not much movement of the charts due to the up-coming Canadian news report at 9:00 AM ET

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY ranged!

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD small range down

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD moved up for 13 minutes about 9 PIPS – wrong direction
Moved down for 9 minutes about 15 PIPS - right direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF ranged!

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD ranged!

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD ranged!

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD ranged!

The next scheduled release of these reports on Monday, 01-09-12 at 8:30 AM ET, at this point in time there may be additional reports released at the same time.

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

Stay tuned!

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

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

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Thu, 08 Dec 2011 16:56:18 +0000

This last Friday 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”, but, the reports were in conflict

On Friday, 12-02-11 at 7:00 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 Thursday, 12-01-11, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = -54.0K

Forecast = 18.1K

Actual = -18.6K

CAD Unemployment Rate stats:

Previous = 7.3%

Forecast = 7.3%

Actual = 7.4%

Here is how I was set up and what happened:

CAD-7-00AM-ET-12-02-11
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
____-18.6K_______18.1K________-54.0K
out at 38.1K or higher – BUY CAD/CHF
out at -01.9K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 0.5K
Good – “actual” came out higher then “previous” by 35.4K

Actual < Forecast = Good for CAD
Employment Rate:
_____7.4%_______ 7.3% ________7.3%

Bad – “Actual” came out higher than “forecast” by 0.1%
Bad – “Actual” came out higher than “previous” by 0.1%

I did not enter a trade this time, even though there was a large trigger

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 chart

This AUD/CAD currency pair moved up for 4 minutes about 33 PIPS – wrong direction
Moved down for 20 minutes about 14 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved down for 8 minutes about 35 PIPS – wrong direction
Moved up for 15 minutes about 17 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 8 minutes about 30 PIPS – wrong direction
Ranged for 15 minutes

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 4 minutes about 48 PIPS – wrong direction
Ranged down for 19 minutes about 17 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 4 minutes about 54 PIPS – wrong direction
Ranged for 19 minutes

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 4 minutes about 25 PIPS – wrong direction
Moved down for 38 minutes about 13 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 8 minutes about 40 PIPS – wrong direction
Moved down for 18 minutes about 34 PIPS – right direction

The next scheduled release of these reports will be on Friday 01-06-12 at 7:00 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.

Follow Up CAD Ivey Purchasing Managers Index report

shark — Wed, 09 Nov 2011 15:36:53 +0000

Here is the CAD IVEY Purchasing Managers index again, released on Friday, 11-04-11 at 10:00 AM ET – I did not enter a trade this time.

On Friday, 11-04-11 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.

I did not enter a trade this month!

I did a “preview“ post on Thursday, 11-03-11, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 55.7

forecast = 56.2——————-revised = 55.7= 55.7

actual = 54.4

Here is how I was set up and what happened:

CAD-10-00AM-ET-11-04-11
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________56.2________55.7
_____54.4________ 55.7________ 55.7
Out at 60.2 or higher – SELL EUR/CAD
Out at 52.2 or lower – BUY EUR/CAD

Bad – “actual” came out lower than “forecast” by 1.8
Bad – “actual” came out lower than revised “forecast” by 1.3
Bad – “actual” came out lower than revised “forecast” by 1.3

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 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?

And, here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 24 minutes about 30 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 18 minutes about 23 PIPS – wrong direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 19 minutes about 18 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged for 6 minutes
Moved down for 11 minutes about 33 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 17 minutes about 57 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 27 minutes about 20 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair ranged 1st minute
moved down for 11 minutes about 22 PIPS – wrong direction

The next scheduled release of this Canadian report will be on Tuesday, 12-06-11, at 10:00 AM ET.

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

Stay tuned!

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

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

Follow Up – CAD Building Permits MoM report

shark — Tue, 08 Nov 2011 16:09:32 +0000

On Friday, 11-04-11, Canada released its Building Permits report – this was a good opportunity to trade this report since the “actual” came out lower than the “forecast” enough to be a surprise to traders. But…

I did not enter a trade of the EUR/CAD currency pair – even though the trigger was good.

On Friday, 11-04-11 at 8:30 AM ET, the Canadian Statistics Canada was released on the monthly CAD Building Permits MoM report.

Along with 3 other news reports:

USD Non-Farm Employment Change
USD Unemployment Rate
USD Average Hourly Earnings m/m
Released monthly by the Bureau of Labor Statistics

I posted a “preview” of this economic news report on Wednesday, 11-03-11, click here to view.

Here is what happened:

CAD - Building Permits m/m – Stats

Previous = -10.4%———————–revised = -10.4%

Forecast = 2.7%

Actual = -4.9%

Here is how I was set up and what happened:

CAD-8-30AM-ET-11-04-11
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD - Building Permits m/m
——actual——–forecast——–previous
_____________2.7%_________-10.4%
____-4.9%____ 2.7%________ -10.1%
Out at 4.7% or more – BUY CAD/CHF
Out at 0.7% or less – SELL CAD/CHF

Bad – “actual” came out lower than “forecast“ by 7.6%
Good – “actual” came out higher than “previous“ by 5.5%
Good – “actual” came out higher than revised “previous“ by 5.2%

I did not enter a trade this time

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 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 are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY spiked down/up 1st minute about 9 PIPS/ 26 PIPS
Moved up for 3 minute about 11 PIPS – wrong direction
Moved down for 9 minute about 24 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD spiked up/down 1st minute about 38 PIPS/ 52 PIPS
Ranged for 5 minutes
Moved down for 5 minute about 28 PIPS – wrong direction

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD spiked up/down/up 1st 3 minutes about 10 PIPS/ 34 PIPS/ 27 PIPS
Moved down for 8 minute about 20 PIPS - wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF spiked down/up 1st minute about 15 PIPS/ 26 PIPS
Moved up for 55 minute about 36 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD spiked up/down/up 1st 3 minutes about 5 PIPS/ 23 PIPS/ 16 PIPS
Moved down for 2 minute about 15 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD spiked up/down 1st 3 minutes about 18 PIPS/ 39 PIPS
Moved up for 6 minute about 37 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD spiked up/down/up 1st 2 minutes about 14 PIPS/ 33 PIPS/ 15 PIPS
Moved down for 3 minute about 20 PIPS - right direction

The next scheduled release of these reports on Thursday, 12-06-11 at 9:30 AM ET, at this point in time there may be additional reports released at the same time.

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

Stay tuned!

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

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

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Mon, 07 Nov 2011 16:16:08 +0000

This last Friday the Canadian Employment Change and Unemployment Rate were released – I did enter a trade this time of currency pair CAD/CHF,

1 Win of 8.6 PIPS

This time there was a good amount of a difference between the “actual” and the “forecast”, and the reports were not in conflict

On Friday, 11-04-11 at 7:00 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also, EUR German Factory Orders m/m was released and is released monthly by Deutsche Bundesbank

I did a post “preview” on Thursday, 11-03-11, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = 60.9K

Forecast = 20.3K——————-revised = 16.5K

Actual = -54.0K

CAD Unemployment Rate stats:

Previous = 7.1%

Forecast = 7.2%

Actual = 7.3%

Here is how I was set up and what happened:

CAD-7-00AM-ET-11-04-11
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________20.3K________60.9K
____-54.0K_____ 16.3K_______ 60.9K
out at 40.3K or higher – BUY CAD/CHF
out at 0.3K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 74.3K
Bad – “actual” came out lower than revised “forecast” by 70.0K
Bad – “actual” came out lower then “previous” by 114.9K

Actual < Forecast = Good for CAD
Employment Rate:
______7.3%______ 7.2% ________7.1%

Bad – “Actual” came out higher than “forecast” by 0.1%
Bad – “Actual” came out higher than “previous” by 0.2%

I did enter a trade this time of currency pair CAD/CHF,

1 Win of 8.6 PIPS

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 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 are the charts!!

(AUD/CAD)

This AUD/CAD currency pair spiked up/down 1st 5 minutes about 66 PIPS/ 27 PIPS
Moved up for 11 minutes about 42 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHFchart

This CAD/CHF currency pair spiked down 1st 2 minutes about 55 PIPS – right direction
Moved up for 3 minutes about 11 PIPS – wrong direction entered a trade
Moved down for 11 minutes about 26PIPS – right direction exited a winning trade 8.6 PIPS

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down 1st 2 minutes about 54 PIPS – right direction
Moved up for 3 minutes about 15 PIPS – wrong direction
Moved down for 10 minutes about 23 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked up 1st 2 minutes about 91 PIPS – right direction
Moved down for 2 minutes about 22 PIPS - wrong direction
Moved up for 12 minutes about 53 PIPS – right direction

(GBP/CAD)

This GBP/CAD currency pair spiked up 1st 2 minutes about 101 PIPS – right direction
Moved down for 3 minutes about 30 PIPS – wrong direction
Moved up for 10 minutes about 52 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair spiked up 1st 2 minutes about 511 PIPS – right direction
Moved down for 4 minutes about 28 PIPS - wrong direction
Moved up for 10 minutes about 35 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 15 minutes about 87 PIPS – right direction – best pair

The next scheduled release of these reports will be on Friday 12-09-11 at 8:00 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.

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Wed, 12 Oct 2011 17:55:23 +0000

This last Friday the Canadian Employment Change and Unemployment Rate were released – I did enter 2 trades this time of currency pair CAD/CHF,

1 loser of 6.6 PIPS
1 Win of 6.8 PIPS

This time there was a good amount of a difference between the “actual” and the “forecast”, and the reports were not in conflict

On Friday, 10-07-11 at 7:00 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 Thursday, 10-06-11, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = -5.5K

Forecast = 15.2K

Actual = 60.9K

CAD Unemployment Rate stats:

Previous = 7.3%

Forecast = 7.3%

Actual = 7.1%

Here is how I was set up and what happened:

CAD-7-00AM-ET-10-07-11
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_____60.9K______15.2K________-5.5K
out at 35.6K or higher – BUY CAD/CHF
out at -4.8K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 45.7K
Good – “actual” came out higher then “previous” by 66.4K

Actual < Forecast = Good for CAD
Employment Rate:
______7.1%______ 7.3% ________7.3%

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

I did enter 2 trades this time of currency pair CAD/CHF,

1 loser of 6.6 PIPS
1 Win of 6.8 PIPS

There is a new e-book series in the Amazon Kindle Book store, for trading the economic news reports.

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

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 19 minutes about 45 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHFchart

This CAD/CHF currency pair moved up for 23 minutes about 46 PIPS – right direction
First trade – a loser 6.6 PIPS, 2nd trade a winner 6.8 PIPS

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 22 minutes about 42 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 22 minutes about 81 PIPS – right direction – Best Pair

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 4 minutes about 81 PIPS – right direction – 2nd Best Pair
Ranged for 14 minutes

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 4 minutes about 33 PIPS – right direction
Ranged for 14 minutes

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 22 minutes about 60 PIPS – right direction

The next scheduled release of these reports will be on Friday 11-04-11 at 7:00 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.