Feb 152012
 


6A 03 12 (1 Min) 021512

2/15/2012 Monthly Unemployment Report (1430 HI time / 1930 EST)
Non Farm Jobs Forecast: 10.5K
Non Farm Jobs Actual:46.3K
Previous Revision:-6.3K to -35.6K
Rate Forecast: 5.3%
Rate Actual:5.1%
SPIKE / RETRACE
Started @ 1.0650
1st Peak @ 1.0707 – 1431 (1 min)
57 ticks

Reversal to 1.0676 – 1443 (13 min)
31 ticks

Notes: Strongly positive report that exceeded the forecast with a negative revision to the previous report causing a large spike upward. The 1431 candle had a big initial spike, retraced most of it, then ratcheted upward to 1.0707 at 18 sec, then pulled back 10 ticks and hovered for about 20 sec before rising 5 ticks to close out the candle. I would close out where it hovered, 10 ticks off the peak. Reversal was faster than normal gaining 31 ticks in 12 min.