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A huge night with stocks in the red and the US dollar on the cusp of a crash

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Quick Recap A really interesting night last night. Of course there was a sea of red on global stock markets, again, and Wal-mart got hammered but in many ways it’s the Chinese CPI and PPI along with the US PPI which are the big stories. yesterday Chineses inflation data undershot expectations with PPI falling further into deflation and CPI slipping anchor further below 2% with a 1.6% print. Last night in the US retail sales were weak and producer prices fell 0.5% to take the YoY rate to -1.1%.

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