Asia FX muted, dollar struggles at 3-yr low with PCE data on tap

Asia FX muted, dollar struggles at 3-yr low with PCE data on tap
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Asia FX muted, dollar struggles at 3-yr low with PCE data on tap
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By Elliott Wave International It’s a double whammy: U.S. credit card defaults jump to the highest level since 2010 as personal savings dry up. Expectations for the months ahead are even more glum. Elliott Wave International lay it out in their November Financial Forecast: The latest New York Fed Consumer Loan Survey reveals that consumers’ expectations…
It’s tragic that we’ve gone backwards in aviation in some ways in the past 30 years. The Concorde was a symbol of progress and it would be wonderful if I live to see the return of supersonic commercial aviation. The fastest trip the plane did from New York to London was 2 hours and 52…
Markets EUR/USD’s stellar rally over the last couple of days ran into resistance recently. After hitting 1.09 for the first time since October of last year, it is trading around 1.085 currently on a combination of both euro weakness and dollar strength. We spotted a few drivers, including a special session in the outgoing German…
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The USDCAD remains directionless in the short term, trading within well-defined technical boundaries as market participants await a decisive break. On the 4-hour chart above, price action this week has respected major moving average levels: Tuesday’s high extended up to test the 100-day moving average, currently at 1.37954, where sellers leaned against resistance and held…
Intraday Analysis – EUR Looks to Close the Gap XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link