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Weather driven US data bounce coming? - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Richard Franulovich, analyst at Westpac explained that the balance of US data in recent weeks has been weaker than expected. Our US data surprise index may be close to its nadir.

    Key Quotes:

    "Today’s ADP employment report was encouraging but the balance of US data in recent weeks has in fact been weaker than expected.

    Notable misses in recent weeks include the ISM, Chicago and Philly PMIs, construction spending and pending/existing home sales.

    Record mild December weather conditions are likely to “flatter” a number of key releases in coming weeks."
    For more information, read our latest forex news.

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