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The AUDUSD price is now close to support from the lower bound of a rising channel that has been in place since late October. It is also sitting on the 20-day moving average and is not far above the 50-day and 100-day moving averages, suggesting that any further near-term downside is limited. This all suggests that a move closer to the top of the channel is a possibility in the next few days even ...
Most of the twelve Federal Reserve districts reported that their economies expanded at a modest or moderate pace from mid-October through late November, according to the Fed's Beige Book released on Wednesday. more...
UK services sector growth slowed to its weakest level in nearly two-and-a-half years in November, amid weaker growth in both business activity and new work as Brexit concerns intensified, defying expectations for a modest improvement. The CIPS UK Services purchasing managers' index, or PMI, fell to 50.4 from 52.2 in October, marking the lowest level since July 2016. more...
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