On Friday, 07-23-10 at 7:00 AM ET, The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM was released.

The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM appear to have the greatest impact on the FOREX market.

The 2 Consumer reports are released by Statistics Canada

I did a “preview” post on Thursday, 07-22-10, click here for a review.

Here is how things went:

CAD Core Consumer Price Index (MoM) Stats

previous = 0.3%

forecast = 0.1%

forecast = -0.1%

CAD Consumer Price Index (MoM) Stats

previous = 0.3%

forecast = -0.2%

forecast = -0.1%

Here is how I was set up and what happened:

CAD-7-00 AM-ET-07-23-10
Looking for a 0.3% difference
Actual > Forecast = Good for CAD
CAD Core Consumer Price Index (MoM)
——actual———forecast——–previous
_____-0.1%_______0.1%________0.3%
out at 0.4% or higher – SELL GBP/CAD
out at -0.2% or lower- BUY GBP/CAD
Bad – “actual” came out lower then “forecast” by 0.2%
Bad – “actual” came out lower then “previous” by 0.4%

CAD CPI m/m
_______-0.1%______-0.2%_______ 0.3%
Watch for both reports to go in same direction
Good – “actual” came out higher then “forecast” by 0.1%
Bad – “actual” came out lower then “previous” by 0.4%

Did not enter a trade this time!!

Here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down/up 1st 2 minutes about 14 PIPS/ 35 PIPS
Ranged for 34 minutes

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spike up 1st minute about 22 PIPS
Moved down for 59 minutes about 106 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair small move up 1st 2 minutes about
Moved down for 48 minutes about 40 PIPS

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spiked up 1st minute about 29 PIPS
Moved down for 60 minutes about 118 PIPS

(GBP/USD)

a one minute USD/USD currency pair

This GBP/USD currency pair small move up 1st 2 minutes
Moved down for 52 minutes about 35 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked up/down 1st 2 minutes about 18 PIPS/ 44 PIPS
Ranged for 34 minutes

The next release of this report is scheduled for Friday, 08-20-10 at 7:00 AM ET.

I have noticed lately that pre-scheduled economic news releases are sometimes re-scheduled later on.

I will probably post a preview of this report a day prior.

Stay tuned!

On Thursday, 07-22-10 at 8:30 AM ET, two Canadian reports were released

CAD Retails Sales MoM
CAD Core Retail Sales MoM

And the USD – Initial Jobless Claims was released weekly by the Department of Labor

I posted a “preview” post on Wednesday, 07-21-10, click here for a review.

Canada’s “Statistics Canada”  release these monthly reports.

It appears that the “Retail Sales” report has a little more impact for traders than the “Core Retail Sales“.

Here is what happened when the “Retail Sales” and “Core Retail Sales” reports were released:

CAD – Retail Sales MoM stats
Previous = -2.0%———–revised = -2.2%

Forecast = 0.5%

Actual = -0.2%

CAD – Core Retail Sales MoM stats
Previous = -1.2%———–revised = -1.4%

Forecast = 0.5%

Actual = -0.1%

Here is how I was set up and the results:

CAD-8-30AM-ET-07-22-10
Looking for a 1.5% difference
Actual > Forecast = Good for CAD
CAD Retail Sales m/m
——actual———-forecast——previous
________________0.5%______-2.0%
____-0.2%_______  0.5%_____  -2.2%
out at -1.0% or lower – SELL CAD/JPY
out at 2.0% or higher – BUY CAD/JPY
Bad – “actual” came out lower then “forecast” by 0.7%
Good – “actual” came out higher then “previous” by 1.8%

Good – “actual” came out higher then revised “previous” by 2.0%

CAD Core Retail Sales m/m
________________0.5%________-1.2%
____-0.1%_______ 0.5%_______ -1.4%
Bad – “actual” came out lower then “forecast” by 0.6%
Good – “actual” came out higher then “previous” by 1.1%
Good – “actual” came out higher then revised “previous” by 2.0%
Good – “actual” came out higher then revised “previous” by 1.3%

Executed 2 trades with currency pair CAD/JPY
Both winners!!!

The EUR/CAD and GBP/CAD currency pairs moved much better.

Check out the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down/up 1st 3 minutes about 36 PIPS/ 25 PIPS
Moved down next 11 minutes about 40 PIPS – right direction
Executed  2 trades, both winners

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 15 minutes about 60 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 15 minutes about 62 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 12 minutes about 49 PIPS - right direction

The next time these reports are scheduled to be released is on Tuesday, 08-24-10 at 8:30AM ET.

Some times report scheduling can be changed.

Chances are I will post a “preview” of these reports a day or two prior.

Stay tuned!

On Friday, 07-09-10 at 8:15 AM ET, the CAD – Housing Starts report was released. This report is released monthly by CMHC – Canada Mortgage and Housing Corporation.

I wrote a “preview” post , click here for a review.

No trade was executed this time!!!! – Not enough of a difference between the “actual” and the “forecast”.

Here is what was happening on Tuesday, 07-09-10:

CAD – Housing Starts stats

Previous = 189K

Forecast = 193K

Actual = 189K

This looks like the CHMC believed that the Canadian housing starts would show an increase this time – which there was not.

Here is how this report was set up and what the results were:

CAD-8-15AM-ET-07-09-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Housing Starts
——actual———-forecast——-previous
____189K_______193K________189K
Out at 213K or higher BUY CAD/JPY
Out at 173K or lower SELL CAD/JPY
Bad – “actual” came out lower then “forecast” by 4K
Neutral – “actual” came out same as “previous”

No 6:30AM report!

Here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair minor ranged

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair minor ranged

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair minor ranged

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair minor ranged

The next time this will be released will be on Monday, 08-09-10 at 8:15 AM ET.

I will probably write a “preview” a day or two before the release.

Stay tuned!

On Friday, 07-09-10 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, 07-08-10, you can click here to see that post.

I entered 1 trade with the currency pair CAD/JPY – a winner!!

Both moved in favor of the CAD – the GBP/CAD had a better move!!

Here is how the set up turned out:

CAD Employment Change stats:

Previous = 24.7K

Forecast = 17.9K

Actual = 93.2K

CAD Unemployment Rate stats:

Previous = 8.1%

Forecast = 8.1%

Actual = 7.9%

Here is how I was set up and what happened:

CAD-7-00AM-ET-07-09-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual——–forecast———previous
_____93.2K______17.9K_______24.7K
out at -2.1K or less – SELL CAD/JPY
out at 37.9K or higher – BUY CAD/JPY
Good – “actual” came out higher then “forecast” by 75.3K
Good – “actual” came out higher then “previous” by 68.5K

Actual < Forecast = Good for CAD
CAD Unemployment Rate
_______7.9%________ 8.1%________ 8.1%
Good – “actual” came out lower then “forecast” by 0.2%
Good – “actual” came out lower then “previous” by 0.2%

Here are the charts!!

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 33 minutes about 85 PIPS – right direction
One small win here!

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 54 minutes about 122 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

Best currency pair move!!

This GBP/CAD currency pair moved down for 57 minutes about 165 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 54 minutes about 98 PIPS - right direction

The next scheduled release of these reports will be on Friday 08-06-10 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!

On Wednesday, 07-07-10 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 a “preview“ post on Tuesday, 07-06-10, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 62.7

forecast = 64.1

actual = 58.9

Here is how I was set up and what happened:

CAD-10-00AM-ET-07-07-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_____58.9________64.1________62.7
Out at 68.1 or higher – SELL GBP/CAD
Out at 60.1 or lower – BUY GBP/CAD
Bad – “actual” came out lower then “forecast” by 5.2
Bad – “actual” came out lower then “previous” by 3.8

Entered 2 trades of GBP/CAD this time – both losers!!
Enough difference – Market moved in wrong direction on all 4 currency pairs

But, here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down/up 1st minute about 11 PIPS/ 10 PIPS
Moved up next 53 minutes about 38 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked up/down 1st minute about 24 PIPS/ 13 PIPS
Ranged down next 12 minutes about 17 PIPS – wrong direction
Ranged!

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spiked up/down 1st minute about 28 PIPS/ 14 PIPS
Ranged down next 14 minutes about 29 PIPS – wrong direction
Ranged!

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked up/down 1st minute about 18 PIPS/ 17 PIPS
Moved down next 54 minutes about 30 PIPS – wrong direction

The next scheduled release of this Canadian report will be on Friday, 08-06-10, at 10:00 AM ET.

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

Stay tuned!

On Wednesday, 06-23-10 at 8:30 AM ET, two Canadian reports were released

CAD Retails Sales MoM
CAD Core Retail Sales MoM

I posted a “preview” post on Tuesday, 06-22-10, click here for a review.

Canada’s “Statistics Canada”  release these monthly reports.

It appears that the “Retail Sales” report has a little more impact for traders than the “Core Retail Sales“.

Here is what happened when the “Retail Sales” and “Core Retail Sales” reports were released:

CAD – Retail Sales MoM stats
Previous = 2.1%———–revised = 2.2%

Forecast = -0.4%

Actual = -2.0%

CAD – Core Retail Sales MoM stats
Previous = 1.7%

Forecast = 0.0%

Actual = -1.2%

Here is how I was set up and the results:

CAD-8-AM-ET-06-23-10
Looking for a 1.5% difference
Actual > Forecast = Good for CAD
CAD Retail Sales m/m
——actual———-forecast——previous
________________-0.4%______2.1%
_____-2.0%______ -0.4%______ 2.2%
out at -1.9% or lower – SELL CAD/JPY
out at 1.1% or higher – BUY CAD/JPY
Bad – “actual” came out lower then “forecast” by 1.6%
Bad – “actual” came out lower then “previous” by 4.1%
Bad – “actual” came out lower then revised “previous” by 4.2%

CAD Core Retail Sales m/m
______-1.2%_____0.0%________1.7%
Bad – “actual” came out lower then “forecast” by 1.2%
Bad – “actual” came out lower then “previous” by 2.7%

Executed 2 trades with currency pair CAD/JPY
Both winners

Check out the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down next 60 minutes about 62 PIPS – right direction
Executed  2 trades, 2 winning trades

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up next 60 minutes about 83 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up next 60 minutes about 99 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up next 60 minutes about 78 PIPS – right direction

The next time these reports are scheduled to be released is on Thursday, 07-22-10 at 8:30AM ET.

Some times report scheduling can be changed.

Chances are I will post a “preview” of these reports a day or two prior.

Stay tuned!

On Tuesday, 06-22-10 at 7:00 AM ET, The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM was released.

The CAD – Core Consumer Price Index MoM and the CAD – Consumer Price Index MoM appear to have the greatest impact on the FOREX market.

The 2 Consumer reports are released by Statistics Canada

I did a “preview” post on Monday, 06-21-10, click here for a review.

Here is how things went:

CAD Core Consumer Price Index (MoM) Stats

previous = 0.3%

forecast = 0.3%

forecast = 0.3%

CAD Consumer Price Index (MoM) Stats

previous = 0.3%

forecast = 0.1%

forecast = 0.3%

Here is how I was set up and what happened:

CAD-7-00AM-ET-06-22-10
Looking for a 0.3% difference
Actual > Forecast = Good for CAD
CAD Core Consumer Price Index (MoM)
——actual———forecast——–previous
_____0.3%_______0.3%________0.3%
out at 0.6% or higher – SELL GBP/CAD
out at 0.0% or lower- BUY GBP/CAD
Neutral – “actual” came the same as “forecast”
Neutral – “actual” came the same as “previous”

CAD CPI m/m
_____0.3%_______0.1%_______ 0.3%
Watch for both reports to go in same direction
Good – “actual” came out higher then “forecast” by 0.2%
Neutral – “actual” came the same as “previous”

Did not enter a trade this time!!

Here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair ranged down for 10 minutes about 20 PIPS!
Moved up for 12 minutes about 25 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 11 minutes about 25 PIPS!
Moved down for 40 minutes about 29 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 9 minutes about 9 PIPS!
Moved down for 8 minutes about 11 PIPS

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged for 16 minutes!

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 17 minutes about 28 PIPS!
Moved up for 24 minutes about 40 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 11 minutes about 21 PIPS!
Moved down for 46 minutes about 33 PIPS

The next release of this report is scheduled for Friday, 07-23-10 at 7:00 AM ET.

I have noticed lately that pre-scheduled economic news releases are sometimes re-scheduled later on.

I will probably post a preview of this report a day prior.

Stay tuned!

On Tuesday, 06-08-10 at 8:15 AM ET, the CAD – Housing Starts report was released. This report is released monthly by CMHC – Canada Mortgage and Housing Corporation.

I wrote a “preview” post , click here for a review.

No trade was executed this time!!!! – Not enough of a difference between the “actual” and the “forecast”.

Here is what was happening on Tuesday, 06-08-10:

CAD – Housing Starts stats

Previous = 201K

Forecast = 206K———–revised = 203K

Actual = 189K

This looks like the CHMC believed that the Canadian housing starts would show an increase this time – which there was not.

Here is how this report was set up and what the results were:

CAD-8-15AM-ET-06-08-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Housing Starts
——actual———-forecast——-previous
_______________206K________201K
_____189K_____ 203K ________201K
Out at 226K or higher SELL EUR/CAD
Out at 186K or lower BUY EUR/CAD
Bad – “actual” came out lower then “forecast” by 17K
Bad – “actual” came out lower then revised “forecast” by 14K
Bad – “actual” came out lower then “previous” by 12K

No 6:30AM report!

Here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spike down 1st minute about 14 PIPS – right direction
Move up for 8 minute about 21 PIPS – wrong direction
Move down for 36 minute about 50 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spike up/down 1st 5 minutes about 12 PIPS/ 20 PIPS
Move up for 13 minutes about 22 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spike up/down for 8 minutes about 13 PIPS/ 23 PIPS
Move up for 9 minutes about 25 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spike up/down for 4 minutes about 10 PIPS/ 23 PIPS
Move up for 12 minutes about 26 PIPS - right direction

The next time this will be released will be on Friday, 07-09-10 at 8:15 AM ET.

I will probably write a “preview” a day or two before the release.

Stay tuned!

On Thursday, 06-04-10 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 a “preview“ post on Thursday, 06-03-10, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 58.7

forecast = 59.8

actual = 62.7

Here is how I was set up and what happened:

CAD-10-00AM-06-04-10
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_____62.7________59.8________58.7
Out at 63.8 or higher – SELL GBP/CAD
Out at 55.8 or lower – BUY GBP/CAD
Good – “actual” came out higher then “forecast” by 2.9
Good – “actual” came out higher then “previous” by 4.0

Entered 2 trades of GBP/CAD this time – one win – one loss!!

And, here are the charts:

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 13 minutes about 23 PIPS – wrong direction
Moved up next 12 minutes about 42 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged for 13 minutes
Moved down next 6 minutes about 22 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Small range down/up for 13 minutes
Moved down next 17 minutes about 56 PIPS – right direction
Entered 2 trades of GBP/CAD this time – one win – one loss!!

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 9 minutes about 17 PIPS – wrong direction
Moved down next 16 minutes about 45 PIPS – right direction

The next scheduled release of this Canadian report will be on Wednesday, 07-07-10.

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

Stay tuned!

On Friday, 06-04-10 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, 06-03-10, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change stats:

Previous = 108.7K

Forecast = 16.8K

Actual = 24.7K

CAD Unemployment Rate stats:

Previous = 8.1%

Forecast = 8.1%

Actual = 8.1%

Here is how I was set up and what happened:

CAD-7-00AM-ET-06-04-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual——–forecast———previous
_____24.7K_____16.8K_______108.7K
out at -3.2K or less – BUY GBP/CAD
out at 36.8K or higher – SELL GBP/CAD
Good – “actual” came out higher then “forecast” by 7.9
Bad – “actual” came out lower then “previous” by 84.0K

Actual < Forecast = Good for CAD
CAD Unemployment Rate
_____8.1%______ 8.1%________ 8.1%
Neutral – “actual” came out same as “forecast”
Neutral – “actual” came out same as “previous”

Here are the charts!!

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked up/down 1st minute about 20 PIPS/ 30 PIPS
moved down next 50 minutes about 88 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked down/up 1st minute about 36 PIPS/ 25 PIPS
Ranged up next 21 minutes about 36 PIPS

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spiked down/up 1st minute about 45PIPS/ 35 PIPS
Ranged up next 11 minutes about 55 PIPS
I entered 2 trades with the currency pair GBP/CAD – both losers.

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked down/up 1st minute about 30 PIPS/ 31 PIPS
Moved up next 49 minutes about 90 PIPS

The next scheduled release of these reports will be on Friday 07-09-10 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!