6A 03 12 (1 Min) 11.30.11

11/30/2011 Monthly Retail Sales (1430 HI time / 1930 EST)
Forecast: 0.4%
Actual: 0.2%
Previous Revision: n/a
Spike with 2nd peak
Started @ 1.0124
1st Peak @ 1.0101 – 1431 (1 min)
23 ticks

2nd Peak @ 1.0089 – 1456 (26 min)
35 ticks

Reversal to 1.0128 – 1505 (35 min)
39 ticks

Notes: Report fell short of forecast, with no previous report revision. Report broke at the same time as the Building Approvals which also disappointed. This delivered a smaller than normal spike downward and a 2nd peak 12 ticks lower 26 min later. No SMAs were crossed , so definitely wait for a Peak on a later candle. Reversal was abnormally fast and large, yielding 35 ticks crossing the 50 and 100 SMAs to reach the PP line.