The Fundamental FOREX Blog » CAD News

Preview CAD Ivey Purchasing Managers Index report

shark — Sun, 05 Feb 2012 16:11:28 +0000

Tomorrow, Monday the 6th of February, 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 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?

Tomorrow, Monday, 02-06-12 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.

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.

Here is what is happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 63.5

forecast = 57.8

Here is how I am set up:

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
Out at 61.8 or higher – SELL EUR/CAD
Out at 53.8 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 will post a “follow up” of this report soon after.

The next scheduled release of this Canadian report will be on Friday, 03-02-12, at 10:00 AM ET and again it appears it will be a “stand alone“ report.

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 — Thu, 02 Feb 2012 15:22:59 +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.

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 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?

Tomorrow, Friday, 02-03-12 at 7:00 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

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.

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = 17.5K

Forecast = 23.3K

CAD Unemployment Rate stats:

Previous = 7.5%

Forecast = 7.5%

The Unemployment Rate “forecast“ shows no change, 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-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
out at 43.3K or higher – BUY CAD/CHF
out at 03.3K or more – SELL CAD/CHF
Employment Rate:
______________ 7.5% ________7.5%

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 will post a “follow up” soon after.

The next schedule release of these reports is 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.

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:

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.

Preview – CAD Building Permits MoM report

shark — Sun, 08 Jan 2012 15:36:31 +0000

Tomorrow, Monday, 01-09-12, 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 – so no apparent conflict expected

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 Monday, 01-09-12 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 December report, click here to see what happened.

Here is what is going on tomorrow:

CAD - Building Permits m/m – Stats

Previous = -3.1%

Forecast = 11.9%

Here is how I am set up for tomorrow:

USD-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%
Out at -1.% or more – BUY CAD/CHF
Out at -5.1% 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, 02-07-12 at 8:30 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.

Preview – CAD Employment Change and Unemployment Rate reports

shark — Thu, 05 Jan 2012 16:38:38 +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.

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?

Tomorrow, Friday, 01-06-12 at 7:00 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

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.

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

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = -18.6K

Forecast = 15.3K

CAD Unemployment Rate stats:

Previous = 7.4%

Forecast = 7.4%

The Unemployment Rate “forecast“ shows no change, 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-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
out at 35.3K or higher – BUY CAD/CHF
out at -04.7K or more – SELL CAD/CHF
Employment Rate:
______________ 7.4% ________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, 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.

Preview CAD Ivey Purchasing Managers Index report

shark — Wed, 04 Jan 2012 16:02:11 +0000

Tomorrow, Thursday the 5th of January, 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 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:

Tomorrow, Thursday, 01-05-12 at 10:00 AM ET, the CAD Ivey Purchasing Managers Index report will be 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 last month.

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

Here is what is happening tomorrow:

CAD Ivey Purchasing Managers Index report Stats

previous = 59.9

forecast = 57.5

Here is how I am set up:

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
Out at 60.7 or higher – SELL EUR/CAD
Out at 52.7 or lower – BUY EUR/CAD

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 Friday, 02-03-12, at 10:00 AM ET and again it appears it will not be a “stand alone“ report.

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.