Apr 112012
 


6A 06 12 (1 Min) 04.11.12

4/11/2011 Monthly Unemployment Report (1530 HI time / 2130 EDT)
Non Farm Jobs Forecast: 6.4K
Non Farm Jobs Actual: 44.0K
Previous Revision: n/a
Rate Forecast: 5.3%
Rate Actual:5.2%
SPIKE / RETRACE
Started @ 1.0231
1st Peak @ 1.0300 – 1531 (1 min)
69 ticks

Reversal to 1.0271 – 1553 (23 min)
29 ticks

Notes: Very Strong positive report that exceeded the forecast with no revision to the previous report causing a large spike upward. The 1531 candle went up about nearly 70 ticks crossing all three SMAs near the origin and the R1 / R2 Pivots roughly 1/3 and 2/3 up the path. The peak was achieved about 13 sec into the :31 candle, then it retreated to hover in between 1.0290 and 1.0278 then fell 50 before rebounding and continuing upward. Since it only stayed up at 1.0030 for about 1 sec, this would have been hard to get, but still good for at least 1.0285 on the close. The reversal yielded 29 ticks to just brush the R2 Pivot 23 min after the spike.