Goodnight
this week begins with few economic data, waiting for the interest rate decisions in Europe and the UK on Thursday.
Today was released the Producer Prices Index of November, in the euro zone, which was slightly decreased (but in line with expectations).
Equity markets were weak and substantially below the previous close with a bearish US dollar and a strong euro especially in the second part of the day.
ANALYSIS
Nzd/Usd: it broke the resistance level 0.8310 (top of the last Friday pin candle) and it’s close to the new important area 0.8470 where (considering the weak dollar) it could arrive in 2-3 sessions. In that level I will look for a short term opportunity to sell the kiwi.
See you tomorrow!
Maurizio