Could RBNZ Support Kiwi’s Recent Strength?

USDCAD creates bullish formation after sharp decline A close above 1.3400 could boost buying sentiment Canadian CPI figures for November due at 13:30 GMT USDCAD entered a range trade following the slump to a four-and-a-half month low of 1.3349 last Friday. In the four-hour chart, the ongoing sideways move seems to have taken the shape […]

USDCHF reversed from resistance level 0.8680 Likely to fall to support level 0.8460 USDCHF currency pair recently reversed down from the key resistance level 0.8680, former strong support from August and December. The resistance level 0.8680 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the sharp downward impulse […]

In focus today Christmas week is rather light in terms of data releases. Today, we get the latest signals from the German economy in the form of the Ifo index. Consensus is looking for a slight improvement in business climate in December but risks remain to the downside particularly as the flash PMIs confirmed on […]