Nov 182011
 


6C 06 12 (1 Min) 11.18.11

11/18/2011 Monthly Core CPI / CPI Report (0200 HI time / 0700 EST)
Core CPI Forecast: 0.2%
Core CPI Actual: 0.3%
Previous Revision: n/a
CPI Forecast: 0.1%
CPI Actual: 0.2%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9717
1st Peak @ 0.9730 – 0201 (1 min)
13 ticks

Reversal to 0.9722 – 0206 (6 min)
8 ticks

2nd Peak @ 0.9758 – 0234 (34 min)
41 ticks

Reversal to 0.9721 – 0333 (93 min)
37 ticks

Notes: Moderately strong report exceeding the forecast for both the core and regular CPI readings. This caused a spike upward of 13 ticks, going with the rally trend. It crossed no SMAs. After a small reversal, it geared up for a slower, but deliberate 2nd peak of 41 ticks in the next 28 min. The final reversal gained 37 ticks crossing the 50 and 100 SMAs, but was painstakingly slow taking about 1 hour.