CL 07 12 (1 Min) 06.05.12

6/5/2012 Monthly ISM Non-Manufacturing PMI (0400 HI time / 1000 EDT)
Forecast: 53.6
Actual: 53.7
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 83.87
1st Peak @ 84.19 – 0402 (2 min)
32 ticks

2nd Peak @ 84.36 – 0404 (4 min)
49 ticks (2x top)

Reversal to 84.10 – 0406 (6 min)
26 ticks

Notes: Report matched the forecast. This should have caused a dull reaction; however, the market made a strong long move due to the dollar dropping hard at the same time. This caused a spike of 23 ticks that was slightly delayed followed by a 2nd peak of 49 ticks. An accidental winner with JOBB, but it is okay to be lucky sometimes. The reversal yielded 26 ticks 2 min after the 2nd peak.