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November recap: USD reigns, but upstart Aussie takes the cake

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    For anyone trading FX through the month of November, the most obvious theme was the resurgence of the US dollar bullish trend. This move was driven almost exclusively by increasing expectations that the Federal Reserve would raise interest rates at its upcoming December meeting, and throughout the month, economic data continually reinforced this view. The dollar’s explosive November started out with the blowout October NFP report, which showed 271k new jobs created, carried through last week’s

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