Soft US data Wednesday(durables and.....>

EURO-DOLLAR: Soft US data Wednesday(durables and capital goods data) allowed

EUR/USD to extend its recovery, off Tuesday lows of $1.1359, to $1.1425. The

move also aided by an MNI sources story suggesting the Fed is starting to

consider a pause in its hiking cycle as early as Spring 2019, along with pre

Thanksgiving holiday position adjustments. However, rate struggled to hold onto

gains through a thinning US afternoon, the rate eased to $1.1380 ahead of the

close. As mentioned Wednesday, recent risk aversion seen slowly easing, reports

that US Navarro will not attend the proposed Trump-Xi meeting (Dec1) provided a

lift for risk, along with China approval for the USS Ronald Reagan to dock in

HK, as seen signalling a thaw in trade negotiations, and allowed EUR/USD to

slowly edge higher in Asia. Rate pushed up to $1.1412 in slow trade. Resistance

has been suggested in the $1,.1420/25 area ahead of $1.1440/50. Support $1.1380,

$1.1365 ahead of stronger interest into $1.1350.

- EZ highlights this week include ECB meeting minutes & EZ consumer confidence

due Thurs, as well as flash PMIs & German final GDP reading due Friday with a

number of ECB speakers also scheduled.