6C 12 12 (1 Min) 09.21.12

9/21/2012 Monthly Core CPI / CPI Report (0230 HI time / 0830 EDT)
Core CPI Forecast: 0.3%
Core CPI Actual: 0.3%
Previous Revision: n/a
CPI Forecast: 0.4%
CPI Actual: 0.2%
Previous Revision: n/a
DULL REACTION
Started @ 1.0238
1st Peak @ 1.0243 – 0231 (1 min)
5 ticks

Reversal to 1.0228 – 0241 (11 min)
15 ticks

Notes: Report matched the forecast on the core reading and fell short on the less influential regular CPI reading. With a bearish market before the report causing a slightly oversold sentiment, the bulls tried to take advantage, but only yielded 5 unsustainable ticks against the flow. The spike could not get past the 50 SMA before falling for 15 ticks in the next 10 min. With JOBB you would not have filled , so cancel the order.