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US data doesn't support a December Fed rate hike; AUD/USD and DAX see downside risk

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Richard Perry, Market Analyst at Hantec Markets, speaks on the Fed rate hike, and shares the technical outlook for AUD/USD, Gold prices and the German DAX. US data to foil a December Fed Rate Hike? Perry notes how the FOMC resulted in fresh expectations for a December Fed rate hike, but the US data speaks other-wise. He says how the falling nonfarm payrolls, declining average earnings, Core PCE failing to pick up and still undershooting the Fed’s forecast proves that the fundamentals aren’t

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