Global macro overview for 09/12/2015:
The Chinese inflation edged up a little according to the consumer price index data released overnight. The index showed a slight increase from 1.3% to 1.5% in November, but remained well under the government's 2015 price target of 3 percent. This weak figures are rising concerns whether the world's second largest economy is slowly entering the deflationary territory. Moreover, the data might increase demands from economists for more stimulus and rate cuts to accelerate the growth.
However, the US Dollar index is still trading above 50- and 100-day moving average, but it failed to break higher above the golden trend-line dynamic resistance level. The next support is seen at the level of 97.82.
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