7/31/2014 CNY HSBC Final Manufacturing PMI (2145 EDT)
Forecast: 52.0
Actual: 51.7
SPIKE WITH 2ND PEAK
Started @ 3.2350
1st Peak @ 3.2320 – 2148 (3 min)
6 ticks
Reversal to 3.2345 – 2221 (36 min)
5 ticks
2nd Peak @ 3.2305 – 2233 (48 min)
9 ticks
Reversal to 3.2345 – 2258 (73 min)
8 ticks
Notes: Report fell short of the forecast by a moderate margin of 0.3 pts. This caused a short spike of 6 ticks ticks that fell to cross the 13/20 SMAs on the :46 – 48 bars. Then it traded sideways and eventually reversed for 5 ticks after 33 min. With JOBB you would have filled short at 3.2335 with no slippage. Then it would have allowed up to 3 ticks to be captured. After the reversal it achieved a minor 2nd peak of 3 more ticks to the 100/200 SMAs and OOD in 12 min. Then it reversed 8 ticks in 25 min for a double top.