Dec 202011
 


6C 06 12 (1 Min) 12.20.11

12/20/2011 Monthly Core CPI / CPI Report (0200 HI time / 0700 EST)
Core CPI Forecast: 0.2%
Core CPI Actual: 0.1%
Previous Revision: n/a
CPI Forecast: 0.2%
CPI Actual: 0.1%
Previous Revision: n/a
SPIKE / REVERSE
Started @ 0.9643
1st Peak @ 0.9632 – 0210 (10 min)
11 ticks (2x bottom)

Reversal to 0.9649 – 0244 (44 min)
17 ticks

Notes: Moderately weak report falling short of the forecast for both the core and regular CPI readings. This caused a spike downward of 11 ticks that had to cross the 200 SMA about halfway down. Even though this is a small moving report with little divergence from the forecast, the 200 SMA clearly restricted the drop along with the Holiday season. The reversal recovered 17 ticks in a very lightly traded market over 34 minutes.