6A 03 12 (1 Min) 08.02.11

8/2/2011 Monthly Retail Sales (1530 HI time / 2130 EDT)
Forecast: 0.4%
Actual: -0.1%
Previous Revision: n/a
Spike with 2nd peak
Started @ 1.0461
1st Peak @ 1.0408 – 1531 (1 min)
53 ticks

2nd Peak @ 1.0399 – 1542 (12 min)
62 ticks

Reversal to 1.0436 – 1619 (49 min)
37 ticks

Notes: Report fell well short of the forecast, with no previous report revision. This delivered a large spike downward and a 2nd peak 9 ticks lower 12 min later. No SMAs were crossed, so definitely wait for the 2nd Peak. Reversal yielded 37 ticks and had very little difficulty crossing the 50 SMA.