2/1/2011 Monthly Trade Balance (1430 HI time / 1930 EST)
Previous Revision: -0.04B to 1.34B
Spike WITH 2ND PEAK
Started @ 1.0659
1st Peak @ 1.0674 – 1433 (3 min)
2nd Peak @ 1.0679 – 1439 (9 min)
Reversal: n/a (negligible)
Notes: Report exceeded forecast, but previous report revised strongly upward. Report broke at the same time as Monthly BLDG Approvals which slightly disappointed taking some of the momentum away from the spike. I would not trade this report with the BLDG Approval at the same time. Small reaction overall, especially considering no SMAs were crossed, so it should be unbridled.