Follow up – USD Core Durable Goods report – chart history

On Tuesday, the 28th of February, 2012, the US Core Durable Goods Orders report was released – there was enough difference between the “actual” and “forecast”- Plus, there was no conflict

Both reports were such that they were not in conflict – but, I did not enter a trade this time!

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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, 02-28-12 at 8:30 AM ET, the Census Bureau released the monthly report USD Core Durable Goods Orders MoM report.

And USD – Durable Goods Orders

I did not enter a trade this time, there was enough difference – and the reports were not in conflict.

My “preview” post concerning these reports was on Monday, 02-27-12, click here for a review.

Here is how the reports for this month were set up and the results:

USD – Core Durable Goods Orders m/m – Stats

Previous = 2.2%

Forecast = 0.0%

Actual = -3.2%


Here is how I was set up and what happened:

USD-8-30AM-ET-02-28-12
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
____-3.2%_____0.0%________2.2%
out at 1.5% or higher – SELL GBP/USD
out at -1.5% or lower – BUY GBP/USD

Bad – “actual” came out lower than “forecast” by 3.2%
Bad – “actual” came out lower than “previous” by 5.4%

There was a good enough difference between the “actual” and “forecast” to enter a trade, and there was not a conflict between the 2 reports- so I did not trade!

Here are the charts:

(AUD/USD)

a one minute AUD/USD currency chart
a one minute AUD/USD chart

This AUD/USD currency pair spiked down 1st minute about 18 PIPS – wrong direction
Moved up for 5 minutes about 17 PIPS – right direction

(EUR/USD)

a one minute EUR/USD currency chart
a one minute EUR/USD chart

This EUR/USD currency pair spiked down 1st 2 minutes about 13 PIPS – wrong direction
Moved up for 4 minutes about 18 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart
a one minute GBP/USD chart

This GBP/USD currency pair spiked down 1st minute about 11 PIPS – wrong direction
Moved up for 5 minutes about 11 PIPS – right direction

(NZD/USD)

a one minute NZD/USD currency chart
a one minute NZD/USD chart

This NZD/USD currency pair spiked down 1st minute about 18 PIPS – wrong direction
Moved up for 5 minutes about 15 PIPS – right direction

(USD/CAD)

a one minute CAD/JPY currency chart
a one minute CAD/JPY chart

This USD/CAD currency pair spiked up 1st minute about 15 PIPS – wrong direction
Moved down for 5 minutes about 12 PIPS – right direction

(USD/CHF)

a one minute USD/CHF currency chart
a one minute USD/CHF chart

This USD/CHF currency pair spiked up 1st minute about 8 PIPS – wrong direction
Moved down for 5 minutes about 11 PIPS – right direction

(USD/JPY)

a one minute USD/JPY currency chart
a one minute USD/JPY chart

This USD/JPY currency pair moved down 4 minutes about 21 PIPS – right direction  BEST
Moved up for 6 minutes about 10 PIPS – wrong direction

The next scheduled release of these reports is on Wednesday, 03-28-12 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.

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