Jul 202012
 


6C 09 12 (1 Min) 07.20.12

7/20/2012 Monthly Core CPI / CPI Report (0230 HI time / 0830 EDT)
Core CPI Forecast: -0.1%
Core CPI Actual: -0.4%
Previous Revision: n/a
CPI Forecast: -0.2%
CPI Actual: -0.4%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9881
1st Peak @ 0.9865 – 0231 (1 min)
16 ticks

2nd Peak @ 0.9863 – 0234 (4 min)
18 ticks

Reversal to 0.9878 – 0304 (34 min)
15 ticks (2x top)

Notes: Moderately strong report falling short of the forecast for both the core and regular CPI readings. This caused a spike downward of 16 ticks that crossed no SMAs or Pivots as the market was already selling off. After the :31 bar retraced from its low, the 2nd peak was able to nab 2 more ticks on the :34 bar to reach the S3 Pivot. The reversal reclaimed 15 ticks in 34 minutes fighting through the 50 SMA.