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Euro, Pound, Aussie and Gold gain on weak US data

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro, Pound, Aussie and Gold gain on weak US data by Ipek Ozkardeskaya Poor US retail sales in September combined with Walmart’s profit warning sent USD lower against the majority of G10 and EM currencies as the prospects of a rate hike from the Fed in the near term were scaled back. Investors were clearly left unhappy with lower sales forecast although the heavy investment in e-commerce to face the increasing competition had to be done for the business continuity in the long-term. From a

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