5/20/2013 RBA Monetary Policy Meeting Minutes (2130 EDT)
Forecast: n/a
Actual: n/a
SPIKE/REVERSE
Started @ 0.9751
1st Peak @ 0.9733 – 2131 (1 min)
18 ticks

Reversal to 0.9759 – 2133 (3 min)
26 ticks

Extended Reversal to 0.9796 – 2326 (116 min)
63 ticks

Notes: Minutes caused a short spike of 18 ticks that crossed the S2 Mid Pivot and extended the LOD 10 ticks lower. It was unsustainable and left 12 ticks on the tail naked, then continued the reversal on the following 2 bars for a total of 26 ticks. With JOBB, you would have filled short with 1 tick of slippage at about 0.9747, then had an opportunity after it dropped to exit with 10-12 ticks before it reversed. As the Cash rate 2 weeks ago had a surprise cut and caused a large short move, this report moving short first matched the form overall. The extended reversal was able to capture 63 ticks in nearly 2 hrs after the report.

9/17/2012 RBA Monetary Policy Meeting Minutes (1530 HI time / 2130 EDT)
Forecast: n/a
Actual: n/a
SPIKE/REVERSE
Started @ 1.0378
1st Peak @ 1.0353 – 1531 (1 min)
25 ticks

Reversal to 1.0403 – 1611 (41 min)
50 ticks

Notes: Healthy short spike for 25 ticks that was able to sustain most of its drop to the expiration of the :31 bar. The spike crossed the 50 SMA about 1/3 the way down its path and hit resistance just above the S1 Pivot. With JOBB, you would have filled short with 1-2 ticks of slippage at about 1.0371, then had an opportunity to close out at about 1.0355 where it hovered near the bottom for 16 ticks. The reversal was able to recover the drop fairly quickly hitting resistance on the 100 and 200 SMAs, then slowly climbing for another 20 ticks as it crossed the PP Pivot. It all the reversal snared 50 ticks in 41 min as volume was drying up.

7/16/2012 RBA Monetary Policy Meeting Minutes (1530 HI time / 2130 EDT)
Forecast: n/a
Actual: n/a
SPIKE/REVERSE
Started @ 1.0225
1st Peak @ 1.0239 – 1531 (1 min)
14 ticks

Reverse to 1.0225 – 1535 (5 min)
14 ticks

Notes: Quick spike and reversal with little fanfare. The market went long initially for 14 ticks to the high of the day, but could not hold onto its gains as it retraced from the top of the wick to fall back to the origin on the next bar. No major SMAs were crossed as the market had rallied before the report, but the R2 Pivot weighed on the action at 1.0235. The market stayed locked in the same range for another hour, unable to escape until it broke out long for a few more ticks.