By Andrew M Spencer — Dec 06 - 07:15 PM
-0.05%, extending Tuesday's 0.25% fall, as global recession fears resurface
Large U.S. global banks expect U.S. economic growth to slow nL1N32W1ZR
ECB may face a long road to reach 2% inflation target nL4N32V2RV
Cautious outlooks for inflation control, global growth, support the USD
Charts; momentum studies crest, 5, 10 & 21 day moving averages edge higher
21 day Bollinger bands contract - recent rise is losing momentum
Close below 1.0364 21 day moving average and 1.0357 200 DMA would be bearish
No significant close strikes for December 7
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Source:
Refinitiv IFR Research/Market Commentary