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EU's Moscovici: Too early to comment if French deficit level will exceed 3%

European Economic Commissioner Pierre Moscovici was out with some comments in the last hour, via Reuters, reiterated that it is too early to comment on any potential French deficit level of over 3%.

Additional quotes:

   •  Cannot rule out if France might temporarily breach EU rules on deficit level.
   •  It would be preferable if such a breach were to be as limited and as one-off as possible.

AUD/USD Technical Analysis: Bulls likely to struggle near bearish flag resistance, around mid-0.7200s

   •  Despite last week's sharp retracement from multi-month tops, the pair showed some resilience near 50-day SMA and staged a goodish rebound from n
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2019: Another year of living dangerously? – Westpac

In view of analysts at Westpac, the annual growth of central bank balance sheets has shrunk, and this will continue as we move into 2019. Key Quotes
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