USD/CHF Outlook: Bullish Momentum Grows, Key Resistance In Sight

EURGBP extends strong rally into second straight day and hit the highest in 4 ½ months on Monday, as the pound was hit by dovish comments from BoE officials, who shifted their initial view and expect inflation to ease further and remain around the central bank’s 2% target for next couple of years. The pair […]

Canadian Highlights Donald Trump will be inaugurated on Monday, and Canadians are bracing for the economic threats in recent weeks to turn into action through a flurry of executive orders. Canada is economically tied to the U.S., with $1.9 billion in daily goods and services exported to its southern neighbour. That amounts to over 20% […]

We think it highly likely that the RBNZ will cut the OCR by 50bps to 3.75% next week but project a slower pace of easing after February. The RBNZ’s near-term CPI forecasts will likely be revised slightly higher due to the weaker TWI and higher commodity prices balanced by weaker non-tradable inflation. We think the […]