Australian Reports | JO Bracket Breakout

6A 03 12 (1 Min) 01.08.12

Monthly Retail Sales Comments Off

Jan 082012

1/8/2012 Monthly Retail Sales (1430 HI time / 1930 EST)
Forecast: 0.4%
Actual: 0.0%
Previous Revision: n/a
Spike / RETRACE
Started @ 1.0099
1st Peak @ 1.0072 – 1431 (1 min)
27 ticks

Reversal to 1.0088 – 1446 (16 min)
16 ticks

Notes: Report fell well short of forecast, with no previous report revision, but report broke on a Sunday severely limiting the reaction in volume and magnitude. Do not trade this report due to the Sunday release. No SMAs were crossed, but only 27 ticks were achieved on the spike and 16 on the reversal.

6A 03 12 (1 Min) 01.04.12

Monthly Trade Balance Comments Off

Jan 042012

1/4/2012 Monthly Trade Balance (1430 HI time / 1930 EST)
Forecast: 1.68B
Actual:1.38B
Previous Revision:-0.18B to 1.42B
DULL REACTION
Started @ 1.0259
1st Peak @ 1.0251 – 1431 (1 min)
8 ticks

Reversal to 1.0261 – 1440 (10 min)
10 ticks (6x top)

Notes: Report fell short of forecast, with a moderate negative previous report revision. Dull reaction due to the New Years hangover. Looking at the market volume I would not trade this report.

6A 03 12 (1 Min) 12.19.11

RBA Monetary Meeting Minutes Comments Off

Dec 122011

12/19/2011 RBA Monetary Policy Meeting Minutes (1430 HI time / 1930 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9816
1st Peak @ 0.9840 – 1435 (5 min)
24 ticks

2nd Peak @ 0.9844 – 1441 (11 min)
28 ticks

Reverse to 0.9829 – 1451 (21 min)
15 ticks (4x bottom)

Notes: Small spike on the 1431 candle of only 11 ticks. As it only retreated 2 ticks, I would wait for more. Peak achieved with 24 ticks at 1435. Then 2nd peak of 4 more ticks came at 1441, 6 min later. Very low volume due to the Christmas season (notice many of the candles in the hour preceding the report are dashes with no movement). Reverse was small and came down to the 50 SMA.

6A 03 12 (2 Range) 12.07.11

AUS Employment change Comments Off

Dec 072011

6A 03 12 (1 Min) 12.07.11

AUS Employment change Comments Off

Dec 072011

12/7/2011 Monthly Unemployment Report (1430 HI time / 1930 EST)
Non Farm Jobs Forecast: 10.3K
Non Farm Jobs Actual:-6.3K
Previous Revision:+6.7K to 16.8K
Rate Forecast: 5.2%
Rate Actual:5.3%
SPIKE / RETRACE
Started @ 1.0172
1st Peak @ 1.0121 – 1431 (1 min)
51 ticks

Reversal to 1.0149 – 1502 (32 min)
28 ticks

Notes: Strongly negative report that fell short of the forecast with a good size positive revision to the previous report causing a large spike downward. The market shot down and seesawed / ratcheted down for 5 sec, then sideways for another 15 sec, and then hovered at about 1.013 for 10 sec. Close out there about 10 ticks off the bottom. After the 1431 candle, the market trickled down to almost hit the low point, then reversed 28 ticks in the next 20 min.

6A 03 12 (2 Range) 12.06.11

Quarterly GDP Comments Off

Dec 062011

6A 03 12 (1 Min) 12.06.11

Quarterly GDP Comments Off

Dec 062011

12/6/2011 Quarterly Advance GDP (1430 HI time / 1930 EDT)
Forecast: 1.0%
Actual: 1.0%
Previous Revision: +0.2% to 1.4%
SPIKE / RETRACE
Started @ 1.0130
1st Peak@ 1.0165 – 1431 (1 min)
35 ticks

Reversal to 1.0147 – 1457 (26 min)
18 ticks (4x bottom)

Notes: Report matched the forecast, with a previous upward revision. This caused a healthy spike, with no 2nd peak and a typical reversal on the end. If using JOBB, you would have gotten in long after a 5 tick drop. Then it rose 35 ticks and pulled back instantly to seesaw around 1.0258. I would close out there on the 1432 candle when it could not eclipse the 1431 candle height.

6A 03 12 (2 Range) 12.05.11

Cash Rate / RBA Statement Comments Off

Dec 052011

6A 03 12 (1 Min) 12.05.11

Cash Rate / RBA Statement Comments Off

Dec 052011

12/5/2011 RBA Rate Statement / Cash Rate (1730 HI time / 2230 EDT)
Forecast: 4.25%
Actual: 4.25%
SPIKE WITH 2ND PEAK
Started @ 1.0119
1st Peak @ 1.0079 – 1731 (1 min)
40 ticks

2nd Peak @ 1.0068 – 1744 (14 min)
51 ticks

Reverse to 1.0096 – 1733 (3 min)
28 ticks

Notes: At its meeting today, the RBA decided to lower the cash rate to 4.25 per cent, effective 7 December 2011, matching predictions. This caused a healthy down spike, followed by a 2nd peak and reversal. If using JOBB, you would have filled short. Keep an eye on the Range. It fell and then commenced a ratcheting / seesaw routine for 30 sec, then only a few transactions were recorded in the next 30 sec. I would close out then at about 1.0090 or wait to see what the 1732 candle does. The double bottom on the 1 min chart is a 6x bottom on the range chart.

6A 03 12 (1 Min) 11.30.11

Monthly Retail Sales Comments Off

Nov 302011

11/30/2011 Monthly Retail Sales (1430 HI time / 1930 EST)
Forecast: 0.4%
Actual: 0.2%
Previous Revision: n/a
Spike with 2nd peak
Started @ 1.0124
1st Peak @ 1.0101 – 1431 (1 min)
23 ticks

2nd Peak @ 1.0089 – 1456 (26 min)
35 ticks

Reversal to 1.0128 – 1505 (35 min)
39 ticks

Notes: Report fell short of forecast, with no previous report revision. Report broke at the same time as the Building Approvals which also disappointed. This delivered a smaller than normal spike downward and a 2nd peak 12 ticks lower 26 min later. No SMAs were crossed , so definitely wait for a Peak on a later candle. Reversal was abnormally fast and large, yielding 35 ticks crossing the 50 and 100 SMAs to reach the PP line.

Older Entries Newer Entries