Dollar drives higher and Fed is now poised to hike after the impressive NFPs

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday the NFP report monopolized traders’ attention as everybody was anxious to find out how the US labor market fared over the past month since it is the number one condition for the Fed to decide to pull the trigger and raise rates by the end of the year. Market participants were prepared for a strong NFP reading but the actual figures that we posted surpassed their expectations. With 271k new jobs added over the past month, unemployment down to 5% and average hourly earnings rising 0.4%

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