The nowcast of the contribution of net exports to first-quarter growth declined from -0.65 percentage points to -0.72 percentage points after this morning's international trade release from the Census Bureau and the BEA. The nowcast of first-quarter real consumer spending growth fell from 1.6 percent on …
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The EUR/USD daily Forex chart has been in a trading range for 3 months. The rally of the past 4 days is a breakout of the top of a 3 week wedge bull flag. The EUR/USD daily Forex chart is forming a 2nd leg up from the March 1 low. Trading ranges often have 2 legged moves that test the bottom and top …
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EUR/USD has reached multi-year trend lines at 1.25, which also is significant according to Elliott Wave Theory. Our Elliott Wave analysis suggests a large trend lower begins from nearby levels. The Elliott Wave pattern on EURUSD is ripe for a turn lower. We described previously how three ending …
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Two plus years later, the pair moved above that level on March 7th and again during Friday's trading (see hourly chart below) Each break failed. … Move below, and then the lower 100 hour MA (that MA stalled the fall earlier) and the buying should turn back to selling as traders lament the failure in March …
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