Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
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A deeper dive into personal income and outlays for March shows significant
signs of consumer stress to maintain standards of living.
2022-07-19
Ruble Done
The dollar looks ready for a breather versus the euro and yen, but how about the ruble which bucked the trend? It looks like a head-and-shoulders could be forming, inverse on USDRUB. I take this as a confimatory sign of oil topping.
A break targets to the upper $80s, but there is resistance up to USDRUB 85.
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