May 062013

6C 06-13 (1 Min)  4_19_2013

4/19/2013 Monthly Core CPI / CPI Report (0830 EST)
Core CPI Forecast: 0.2%
Core CPI Actual: 0.2%
Previous Revision: n/a
CPI Forecast:  0.3%
CPI Actual: 0.2%
Previous Revision: n/a
Started @ 0.9735
1st Peak @ 0.9727 – 0831 (1 min)
8 ticks

Reversal to 0.9743 – 0831 (1 min)
-16 ticks

Notes:   Report matched the forecast on the core reading and nearly matched the less influential regular CPI reading.  This caused an indecisive reaction.  With a slightly bearish market before the report, the market sentiment caused it to short first to cross the PP Pivot and extend the LOD, then it reversed to cross the 50 SMA and R1 Pivot.  With JOBB you would have filled short at 0.9739 with no slippage, then seen it reverse and stop you out with a 9 tick loss on 2 ticks of slippage.  After the indecisive :31 bar, it rallied to nearly reach the 200 SMA, then chopped sideways.