Aug 312011
 


6A 03 12 (1 Min) 08.31.11

8/31/2011 Monthly Retail Sales (1530 HI time / 2130 EDT)
Forecast: 0.3%
Actual: 0.5%
Previous Revision: n/a
Spike with 2nd peak
Started @ 1.0441
1st Peak @ 1.0481 – 1534 (4 min)
40 ticks

2nd Peak @ 1.0485 – 1546 (16 min)
44 ticks

Reversal to 1.0466 – 1625 (55 min)
19 ticks

Notes: Report exceeded the forecast, with no previous report revision. This delivered a healthy spike upward and a 2nd peak 4 ticks higher 12 min later (16 min). All three SMAs were crossed close to the origin of the spike, so definitely wait for a Peak on a later candle. Reversal slowly yielded 19 ticks and had very little difficulty crossing the 50 SMA.