6C 09 12 (1 Min) 06.22.12

6/22/2012 Monthly Core CPI / CPI Report (0230 HI time / 0830 EDT)
Core CPI Forecast: 0.3%
Core CPI Actual: 0.2%
Previous Revision: n/a
CPI Forecast: 0.2%
CPI Actual: -0.1%
Previous Revision: n/a
SPIKE/REVERSE
Started @ 0.9707
1st Peak @ 0.9692 – 0231 (1 min)
15 ticks

Reversal to 0.9711 – 0243 (13 min)
19 ticks

Notes: Moderately weak report fell short of the forecast for both the core and regular CPI readings. This caused a small spike downward of 15 ticks that crossed no SMAs. Since the Core reading only missed by 0.1%, there was no 2nd peak or lingering at the low point. The reversal reclaimed 19 ticks in only 13 minutes fighting through all of the SMAs to briefly eclipse the 200 SMA.