6A 03 12 (1 Min) 02.28.12

2/28/2012 Monthly Retail Sales (1430 HI time / 1930 EST)
Forecast: 0.3%
Actual: 0.3%
Previous Revision: n/a
Spike / RETRACE
Started @ 1.0765
1st Peak @ 1.0790 – 1434 / 1437 (4/7 min)
25 ticks (2x top)

Reversal to 1.0771 – 1446 (16 min)
19 ticks

Notes: Report matched forecast, with no previous report revision. Initially a dull reaction that ended up yielding a slow developing 25 ticks. This is such a large reacting report that a matching report that is positive still delivers 25 ticks. Even with the slow reaction, it had to cross the 50 SMA, but had little trouble doing so. Reversal just barely crossed the 50 SMA for 19 ticks.