CL 03 12 (1 Min) 08.12.11

8/12/2011 Monthly Retail Sales (0230 HI time / 0830 EDT)
Core Forecast: 0.2%
Core Actual:0.5%
Previous revision:+0.2% to 0.2%
Regular Forecast: 0.4%
Regular Actual:0.5%
Previous Revision:+0.2% to 0.3%
SPIKE WITH 2ND PEAK
Started @ 87.00
1st Peak @ 87.58 – 0231 (1 min)
58 ticks

2nd Peak @ 87.69 – 0234 (4 min)
69 ticks

Reversal to 87.34 – 0238 (8 min)
35 ticks

Notes: Strong report came in well above forecast causing a healthy spike and smaller reversal . Market continued upward after the report, but not likely due to the influence of the report.