Feb 172012
 


6C 06 12 (1 Min) 02.17.12

2/17/2012 Monthly Core CPI / CPI Report (0200 HI time / 0700 EST)
Core CPI Forecast: 0.1%
Core CPI Actual: 0.2%
Previous Revision: n/a
CPI Forecast: 0.3%
CPI Actual: 0.4%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 1.0014
1st Peak @ 1.0025 – 0201 (1 min)
11 ticks

Reversal to 1.0015 – 0204 (4 min)
10 ticks

2nd Peak @ 1.0034 – 0227 (27 min)
20 ticks (2x top)

Reversal to 1.0018 – 0247 (47 min)
16 ticks (2x bottom)

Notes: Moderately strong report exceeding the forecast for both the core and regular CPI readings. This caused a spike upward of 11 ticks that had to cross all 3 SMAs, so it surrendered half of its spike in the latter half of the :01 candle. The reversal after the 1st peak recovered almost all of the spike before it was able to gear up for a 2nd peak of 20 ticks in 27 min. Then the final reverse reclaimed 16 ticks in 20 minutes fighting through all of the SMAs to briefly drop below the 200 SMA.