The Fundamental FOREX Blog » CAD News

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Fri, 11 May 2012 18:19:05 +0000

On 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”, 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.

Preview – CAD Employment Change and Unemployment Rate reports

shark — Thu, 10 May 2012 14:22:49 +0000

When Canadian Employment Change and Unemployment Rate reports are released at the same time – confusion may rule, especially if the “forecasts” for each are in conflict.

I did not enter a trade last month – the trigger was good, but there was 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.

Disclaimer:

I will continue recording the news reports.

Tomorrow, Friday, 05-11-12 at 8:30 AM ET Canada is releasing their monthly 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 “follow up” of last months reports, you can click here to see that post.

I did not enter a trade last month – the trigger was good, but there was conflict.

These two reports are at times conflicting, so – be aware!

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = 82.3K

Forecast = 12.9K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

The Unemployment Rate “forecast“ shows an increase, which will not be good for the CAD.

And, the “forecast” for the Employment Change is not good for the Canadian economy.

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

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
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF
Unemployment Rate:
_______________ 7.3% ________7.2%

Again, I will be looking for at least a 15K to 20K difference between the “actual” and the “forecast” of the Change in Employment – also, at least a 0.1% change in the Unemployment rate. Of course, both either in favor of or against the CAD.

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

The next schedule release of these reports is 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.

Follow Up – CAD Building Permits MoM report

shark — Tue, 08 May 2012 15:34:57 +0000

On Monday, 05-07-12, Canada released its Building Permits report – good enough difference for a surprise to the market – but. no trade

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

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

Currently these titles are available:

“Trade 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.

Preview – CAD Building Permits MoM report

shark — Sun, 06 May 2012 15:01:39 +0000

Tomorrow, Monday, 05-07-12, Canada is releasing its Building Permits report – this report has been very good for trading for several months now.

There are no other news reports this time

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 will release the monthly CAD Building Permits MoM report.

I did post a “follow up” for the March report, click here to see what happened.

Here is what is going on tomorrow:

CAD - Building Permits m/m – Stats

Previous = 7.5%

Forecast = 2.3%

Here is how I am set up for tomorrow:

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%
Out at 4.3 % or more – BUY CAD/CHF
Out at -0.3 % or less – SELL CAD/CHF

I have set up to trade the CAD/CHF currency pair – looking for a 2.0% difference between the “actual“ and the “forecast“.

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

The next scheduled release of this report is on Tuesday, 06-05-12 at 7:30 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 — Mon, 09 Apr 2012 14:31:44 +0000

Here is the CAD IVEY Purchasing Managers index again, released on Thursday, 04-05-12 at 10:00 AM ET – I did not enter a trade this time – bad trigger.

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.

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Sun, 08 Apr 2012 14:53:21 +0000

This last Thursday 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”, 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 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.

Preview CAD Ivey Purchasing Managers Index report

shark — Wed, 04 Apr 2012 15:35:30 +0000

Tomorrow, Thursday, the 5th of April, Canada will release the IVEY Purchasing Mangers Index.

Last month I did not enter a trade of the Canadian IVEY Purchasing Managers Index report – the trigger was good.

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?

Tomorrow, Tuesday, 03-06-12 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report will be released.

I have publish a short e-book on the Amazon Kindle site, the book shows 3 trades traded over the last 2 years, along with charts and videos.

Here is one the videos presented in the e-book:

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 last month.

I did a follow up post the last time this was released, click here to see what happened.

Disclaimer:

I will continue recording the news reports.

Here is what is happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 66.5

forecast = 64.8

Here is how I am set up:

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
Out at 68.8 or higher – SELL EUR/CAD
Out at 60.8 or lower – BUY EUR/CAD

I believe I will set up to trade the currency pair EUR/CAD again this time – so, if the “actual” comes out with a difference of at least 4.0 from the “forecast” – a trade may be in the works.

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

The next scheduled release of this Canadian report will be on Thursday, 04-05-12, at 9:00 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.

Preview – CAD Employment Change and Unemployment Rate reports

shark — Wed, 04 Apr 2012 14:38:59 +0000

When Canadian Employment Change and Unemployment Rate reports are released at the same time – confusion may rule, especially if the “forecasts” for each are in conflict.

I did not enter a trade last month – the trigger was not good and there was 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:

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

Disclaimer:

I will continue recording the news reports.

Tomorrow, Thursday, 04-05-12 at 8:30 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:
CAD Building Permits m/m
Released monthly by Statistics Canada

USD Unemployment Claims
Released weekly by the Department of Labor

I did a post “follow up” of last months reports, you can click here to see that post.

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

These two reports are at times conflicting, so – be aware!

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = -2.8K

Forecast = 12.6K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.5%

The Unemployment Rate “forecast“ shows an increase, which will not be good for the CAD.

And, the “forecast” for the Employment Change is good for the Canadian economy.

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

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
out at 32.6K or higher – BUY CAD/CHF
out at -07.4K or more – SELL CAD/CHF
Employment Rate:
_______________ 7.5% ________7.4%

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

The next schedule release of these reports is Friday, 05-11-12 at 7:30 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.

Follow Up – CAD Employment Change and Unemployment Rate reports

shark — Mon, 12 Mar 2012 16:46:15 +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:

“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 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.

Follow Up – CAD Building Permits MoM report

shark — Sat, 10 Mar 2012 16:19:42 +0000

On Wednesday, 03-07-12, Canada released its Building Permits report – good enough difference for a surprise to the market – but. no trade

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

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

Currently these titles are available:

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.