EUR/NOK buyers could defend SMA crossover

The advance in EUR/NOK prompted its 100-hr SMA to cross above the slower 200-hr SMA.

The low prices printed on hourly charts are at a converging distance to the “Golden Cross”. This price level is likely to underpin the EUR/NOK rate as buyers find support at the confluence. The risk scenario is set once a close beyond the 200 SMA is printed.

Dec 21, 2015

NZ losing momentum - Westpac

Analyst at Westpac explained that in NZ, the latest GDP figures showed that the economy grew by 0.9% in the September quarter, taking growth for the year to 2.3%.

Gold closes at 2-week high

Gold rallied on Monday, with spot adding over $15.00, ending the day near $1,080.00 an ounce, its highest level in two weeks. The commodity benefited from a weaker dollar, although selling into strength is still seen as the more profitable choice, given that the greenback's outlook remains constructive in the longer term after the Fed finally decided to raise rates for the first time in almost a decade.