Jan 082013
 


6A 03 13 (1 Min) 01.08.13

1/8/2013 Monthly Retail Sales (1930 EST)
Forecast: 0.3%
Actual: -0.1%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 1.0462
1st Peak @ 1.0440 – 1931 (1 min)
22 ticks

Reversal to 1.0450 – 1932 (2 min)
10 ticks

2nd Peak @ 1.0433 – 1941 (11 min)
29 ticks

Reversal to 1.0451 – 2044 (74 min)
18 ticks

Notes: Report fell well short of the forecast, with no previous report revision. This caused a 22 tick short spike in 1 min that crossed all 3 major SMAs spread out along with the R1 Pivot, bottoming out between the 200 SMA and the PP Pivot. With JOBB you would have filled short at 1.0452 with 5 ticks of slippage, then had an opportunity to get about 10 ticks with ease. Due to the disappointing news, it was able to achieve a 2nd peak of 7 more ticks 10 min later, eclipsing the PP Pivot. Then it reversed for 18 ticks back up to the 200 SMA about 1 hr later. This report had a similar negative result (0.4 worse than expected) as last month (Dec), and nearly an identical reaction.