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

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

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

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

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

Only a $1.99 each!! From Amazon Kindle.

On Friday, 05-11-12 at 8:30 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:

USD PPI m/m   
USD  Core PPI m/m
Released monthly by Department of Labor

I did a post “preview” on Thursday, 05-10-12, you can click here to see that post.

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.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = 82.3K

Forecast = 12.9K—————-revised = 10.1K

Actual = 58.2K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

Actual = 7.3%

Here is how I was set up and what happened:

CAD-8-30AM-ET-05-11-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.9K________82.3K
____58.2K______ 10.1K _______82.3K
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 45.3K
Good – “actual” came out higher than revised “forecast” by 48.1K
Bad – “actual” came out lower then “previous” by 24.1K

Actual < Forecast = Good for CAD
Unemployment Rate:
_____7.3%_______ 7.3% ________7.2%

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

I did not enter a trade this time, Good trigger and a conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 60 minutes about 81 PIPS - right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 58 minutes about 68 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 37 minutes about 53 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 58 minutes about 95 PIPS - right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 54 minutes about 134 PIPS – right direction – BEST

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 60 minutes about 65 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 40 minutes about 63 PIPS – right direction

The next scheduled release of these reports will be on Friday 06-08-12 at 8:30 AM ET.

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

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

Stay tuned!

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

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

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

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

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

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

Only a $1.99 each!! From Amazon Kindle.

On Monday, 05-07-12 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, 05-06-12, click here to view.

Here is what happened:

CAD -  Building Permits m/m  – Stats

Previous = 7.5%———————–revised = 7.6%

Forecast = 2.3%———————–revised = -0.5%

Actual = 4.7%

Here is how I was set up and what happened:

USD-8-30AM-ET-05-07-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD -  Building Permits m/m
——actual——–forecast——–previous
_____________2.3%_________7.5%
____4.7%____ -0.5%________ 7.6%
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 2.4%
Good – “actual” came out higher than revised “forecast“ by 5.2%
Bad – “actual” came out lower than “previous“ by 2.8%
Bad – “actual” came out lower than revised “previous“ by 2.9%

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

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD ranged up for 17 minutes about 3 PIPS
Moved down next 28 minutes about 10 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF moved up next 23 minutes about 7 PIPS – right direction

(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 moved down next 23 minutes about 9 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD moved down next 48 minutes about 27 PIPS – right direction – BEST

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD ranged for 12 minutes
Moved down next 11 minutes about 6 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 11 minutes about 5 PIPS – right direction

The next scheduled release of these reports on Tuesday, 06-05-12 at 7:30 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.

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

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

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

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

Only a $1.99 each!! From Amazon Kindle.

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 I suggest, take each news report with a “grain of salt”.

I will continue recording the news reports.

On Thursday, 04-05-12 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.

Also:

GBP NIESR GDP Estimate   
Released monthly by NISRE

I did not enter a trade this month – bad trigger!

I did a “preview“ post on Wednesday, 04-04-12, click here to see what was happening.

Here is a video of a trade of this Canadian report on Wednesday the 8th of September, 2010

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 66.5

forecast = 64.8—————–revised = 65.2 55.7

actual = 63.5

Here is how I was set up and what happened:

CAD-10-00AM-ET-04-05-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________64.8________66.5
_____63.5________ 65.2________ 66.5
Out at 68.8 or higher – SELL EUR/CAD
Out at 60.8 or lower – BUY EUR/CAD

Bad – “actual” came out lower than “forecast” by 1.3
Bad – “actual” came out lower than revised “forecast” by 1.7
Bad – “actual” came out lower than “previous” by 3.0

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 ranged

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 10 minutes about 15 PIPS
Moved down for 16 minutes about 20 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair ranged for 12 minutes
Moved up for 6 minutes about 13 PIPS

The next scheduled release of this Canadian report will be on Friday, 05-04-12, 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.

This time there was a good amount of a difference between the “actual” and the “forecast”, and, the  reports were in conflict

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

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

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

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

Only a $1.99 each!! From Amazon Kindle.

On Thursday, 04-05-12 at 8:30 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 Wednesday, 04-04-12, you can click here to see that post.

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.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = -2.8K

Forecast = 12.6K—————-revised = 11.3K

Actual = -82.3K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

Actual = 7.2%

Here is how I was set up and what happened:

CAD-8-30AM-ET-04-05-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.6K________-2.8K
____-82.3K_____ 11.3K_______ -2.8K
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 94.9K
Bad – “actual” came out lower than revised “forecast” by 93.6K
Bad – “actual” came out lower then “previous” by 79.5K

Actual < Forecast = Good for CAD
Unemployment Rate:
______7.2%_____ 7.5% ________7.4%

Good – “Actual” came out lower than “forecast” by 0.3%
Good – “Actual” came out lower than “previous” by 0.2%

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

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 4 minutes about 54 PIPS
Moved up for 6 minutes about 16 PIPS -
Moved down for 16 minutes about 17 PIPS

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 55 minutes about 73 PIPS -

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 3 minutes about 53 PIPS -
Moved down for 6 minutes about 22 PIPS
Moved up for 16 minutes about 34 PIPS

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 55 minutes about 79 PIPS -

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 55 minutes about 120 PIPS -

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 25 minutes about 59 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 3 minutes about 54 PIPS -
Moved up for 6 minutes about 16 PIPS
Moved down for 17 minutes about 25 PIPS

The next scheduled release of these reports will be on Friday 05-11-12 at 8:30 AM ET.

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

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

Stay tuned!

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

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

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:

“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 Friday, 03-09-12 at 7:00 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

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.

I did a post “preview” on Thursday, 03-08-12, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = 2.3K

Forecast = 13.9K—————-revised = 14.2K

Actual = -2.8K

CAD Unemployment Rate stats:

Previous = 7.6%

Forecast = 7.6%

Actual = 7.4%

Here is how I was set up and what happened:

CAD-7-00AM-ET-03-09-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________13.9K________2.3K
____-2.8K______ 14.2K_______ 2.3K
out at 33.9K or higher – BUY CAD/CHF
out at -06.1K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 16.7K
Bad – “actual” came out lower than revised “forecast” by 17.0K
Bad – “actual” came out lower then “previous” by 5.1K

Actual < Forecast = Good for CAD
Unemployment Rate:
______7.4%_____ 7.6% ________7.6%

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

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

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair spiked up/down/up 1st minutes about 10 PIPS/ 21 PIPS/ 7 PIPS
Moved up for 4 minutes about 8 PIPS -
Ranged down for 13 minutes

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair spiked down/up/down 1st minute about 9 PIPS/ 25 PIPS/ 7 PIPS
Moved down for 7 minutes about 10 PIPS -
Ranged up for 30 minutes

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair spiked down/up/down 1st minute about 8 PIPS/ 20 PIPS/ 5 PIPS
Moved down for 3 minutes about 10 PIPS -
Ranged up for 22 minutes

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked up/down/up 1st minute about 8 PIPS/ 29 PIPS/ 12 PIPS
Moved up for 5 minutes about 10 PIPS -
Ranged down for 21 minutes

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair spiked up/down/up 1st minute about 14 PIPS/ 31 PIPS/ 6 PIPS
Ranged

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair spiked up/down/up 1st minute about 7 PIPS/ 12 PIPS/ 3 PIPS
Moved up for 27 minutes about 9 PIPS -

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair spiked up/down/up 1st minute about 10 PIPS/ 27 PIPS/ 7 PIPS
Moved up for 10 minutes about 8 PIPS -
Ranged down for 16 minutes

The next scheduled release of these reports will be on Thursday 04-05-12 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.

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 8:30 AM ET, the Canadian “Statistics Canada” released the monthly CAD Building Permits MoM report.

There are 2 other news reports:

USD Revised Non farm Productivity q/q
USD Revised Unit Labor Costs q/q
Released quarterly by Bureau of Labor Statistics

I posted a “preview” of this economic news report on Tuesday, 03-06-12, click here to view.

Here is what happened:

CAD -  Building Permits m/m  – Stats

Previous = 11.1%———————–revised = 10.5%

Forecast = -2.3%———————–revised = -3.1%

Actual = -12.3%

Here is how I was set up and what happened:

USD-8-30AM-ET-03-07-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD -  Building Permits m/m
——actual——–forecast——–previous
_____________-2.3%_________11.1%
_____-12.3%___-3.1% ________10.5%
Out at -0.3 % or more – BUY CAD/CHF
Out at -3.3 % or less – SELL CAD/CHF

Bad  – “actual” came out lower than “forecast“ by 10.0%
Bad  – “actual” came out lower than revised “forecast“ by 9.2%
Bad – “actual” came out lower than “previous“ by 22.4%
Bad – “actual” came out lower than revised “previous“ by 22.8%

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

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD spiked up/down/up 1st minute about 4 PIPS/ 10 PIPS/ 4 PIPS
Moved up next 2 minutes about 4 PIPS – right direction
Moved down next 12 minutes about 8 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF moved down for 2 minutes about 6 PIPS – right direction
Ranged up next 13 minutes about 5 PIPS – wrong direction
Ranged

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY moved down for 2 minutes about 7 PIPS – right direction
Moved up next 22 minutes about 33 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD moved up for 2 minutes about 9 PIPS – right direction
Moved down for 8 minutes about 8 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD moved up for 3 minutes about 15 PIPS - right direction
Moved down for 4 minutes about 15 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD spiked up/down/up 1st minute about 4 PIPS/ 10 PIPS/ 3 PIPS
moved up next minute about 3 PIPS – right direction
Moved down next 14 minutes about 10 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved up for 3 minutes about 10 PIPS – right direction
Moved down next 14 minutes about 23 PIPS – wrong direction

The next scheduled release of these reports on Thursday, 04-05-12 at 7:30 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.

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”
“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 I suggest, take each news report with a “grain of salt”.

I will continue recording the news reports.

On Tuesday, 03-06-12 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.

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

I did a “preview“ post on Monday, 03-05-12, click here to see what was happening.

Here is a video of a trade of this Canadian report on Wednesday the 8th of September, 2010

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 64.1

forecast = 62.2—————–revised = 62.1

actual = 66.5

Here is how I was set up and what happened:

CAD-10-00AM-ET-03-06-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________62.2________64.1
_____66.5________ 62.1 ________64.1
Out at 66.2 or higher – SELL EUR/CAD
Out at 58.2 or lower – BUY EUR/CAD

Good – “actual” came out higher than “forecast” by 3.3
Good – “actual” came out higher than revised “forecast” by 3.4
Good – “actual” came out higher than “previous” by 2.4

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 5 minutes about 8 PIPS - right direction
Ranged

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 9 minutes about 11 PIPS - right direction
Moved down for 19 minutes about 20 PIPS - wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 5 minutes about 12 PIPS – right direction
Ranged

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 26 minutes about 21 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 24 minutes about 14 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 3 minutes about 9 PIPS - right direction
Ranged

The next scheduled release of this Canadian report will be on Thursday, 04-05-12, 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.

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, 02-07-12 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 Monday, 02-06-12, click here to view.

Here is what happened:

CAD -  Building Permits m/m  – Stats

Previous = -3.6%———————–revised = -2.6%

Forecast = 0.2%

Actual = 11.1%

Here is how I was set up and what happened:

CAD-8-30AM-ET-02-07-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD -  Building Permits m/m
——actual——–forecast——–previous
_____________0.2%_________-3.6%
____11.1%____ 0.2%_______ -2.6%
Out at 2.2 % or more – BUY CAD/CHF
Out at -1.8 % or less – SELL CAD/CHF

Good – “actual” came out higher than “forecast“ by 10.9%
Good – “actual” came out higher than “previous“ by 14.7%
Good – “actual” came out higher than revised “previous“ by 13.7%

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

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD ranged

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF moved down for 31 minutes about 35 PIPS – wrong direction

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY moved up for 8 minutes about 15 PIPS – right direction
Moved down for 21 minutes about 21 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD moved up for 30 minutes about 45 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD ranged for 10 minutes
Moved up for 20 minutes about 20 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD moved down for 6 minutes about 7 PIPS – right direction
Ranged

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 10 minutes about 18 PIPS – right direction
Moved up for 10 minutes about 19 PIPS – wrong direction

The next scheduled release of these reports on Wednesday, 03-07-12 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.

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 Monday, 02-06-12 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.

Here is a video of a trade of this Canadian report on Wednesday the 8th of September, 2010

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

I did a “preview“ post on Sunday, 02-05-12, click here to see what was happening.

Here is what happened this month:

CAD Ivey Purchasing Managers Index report Stats

previous = 63.5

forecast = 57.8—————–revised = 58.6 55.7

actual = 64.1

Here is how I was set up and what happened:

CAD-10-00AM-ET-02-06-12
Looking for a 4 difference
Actual > Forecast = Good for CAD
CAD Ivey PMI
——actual———-forecast——-previous
_________________57.8________63.5
_____64.1________ 58.6________ 63.5
Out at 61.8 or higher – SELL EUR/CAD
Out at 53.8 or lower – BUY EUR/CAD

Good – “actual” came out higher than “forecast” by 6.3
Good – “actual” came out higher than “previous” by 5.5
Good – “actual” came out higher than revised “previous” by 0.6

And, here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair spiked up/down for 2 minutes about 2 PIPS/ 7 PIPS
Moved up next 19 minutes about 15 PIPS – wrong direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair spiked up/down/up 1st minute about 4 PIPS/ 7 PIPS/ 2 PIPS
Moved up next 4 minutes about 6 PIPS – right direction
Moved down next 17 minutes about 18 PIPS – wrong direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up next 6 minutes about 8 PIPS – right direction
Moved down next 15 minutes about 13 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair ranged down for 5 minutes about 8 PIPS – right direction
Moved up next 16 minutes about 23 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair ranged down for 3 minutes about 12 PIPS – right direction
Moved up next 19 minutes about 51 PIPS – wrong direction

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair ranged down for 12 minutes about 11 PIPS – right direction
Moved up next 9 minutes about 14 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down/up 1st minute about 10 PIPS/ 4 PIPS -
Ranged for 6 minutes
Moved up next 14 minutes about 18 PIPS – wrong direction

The next scheduled release of this Canadian report will be on Friday, 03-02-12, 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.

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

“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 Friday, 02-03-12 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, 02-02-12, you can click here to see that post.

Here is how the set up turned out:

CAD Employment Change  stats:

Previous = 17.5K

Forecast = 23.3K

Actual = 2.3K

CAD Unemployment Rate stats:

Previous = 7.5%

Forecast = 7.5%

Actual = 7.6%

Here is how I was set up and what happened:

CAD-7-00AM-ET-02-03-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________23.3K________17.5K
_____2.3K______ 23.3K _______17.5K
out at 43.3K or higher – BUY CAD/CHF
out at 03.3K or more – SELL CAD/CHF

Bad – “actual” came out lower than “forecast” by 21.0K
Bad – “actual” came out lower then “previous” by 15.2K

Actual < Forecast = Good for CAD
Employment Rate:
_____7.6%_______ 7.5% ________7.5%

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, good trigger and no conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved up for 23 minutes about 24 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved down for 25 minutes about 21 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved down for 25 minutes about 15 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 25 minutes about 25 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved up for 25 minutes about 34 PIPS – right direction–Best

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved up for 25 minutes about 21 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 57 minutes about 25 PIPS – right direction

The next scheduled release of these reports will be on Friday 03-09-12 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.