Earlier today, Germany’s Ifo business climate index rose to 104.7, beating economists‘ expectations for a decline to 103.0. This month’s increase supported the common currency and EUR/USD bounced off the previous lows. Will we see a post double-bottom rally in the coming days?

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Earlier today, the U.K. Office for National Statistic reported that public sector net borrowing rose by £7.05 billion in October ( missing analysts’ expectations for a rise by £6.90 billion), which pushed the British pound lower against the U.S. dollar. The euro came under pressure after ECB President Mario Draghi commentary, while the greenback declined against loonie after Statistics Canada reported that consumer price inflation rose 0.1% last month, beating expectations for a 0.3% fall. How did these fundamental factors affected the technical picture of GBP/USD, EUR/USD and USD/CAD? What happened with other currency pairs at the same time?

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Yesterday’s minutes of the Federal Reserve’s latest meeting supported the greenback and pushed the U.S. currency to a fresh seven-year high against the yen. In this way, USD/JPY extended rally and reached a solid resistance zone. Will it be strong enough to stop currency bulls’ charge in the coming days?

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Earlier today, the U.S. Commerce Department reported that the number of building permits increased by 4.8% to 1.080 million units in the previous month, beating analysts‘ expectations for a 0.9% rise to 1.040 million units. As a result, the greenback moved higher and EUR/USD dropped below the resistance line. Will it stop further improvement?

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Yesterday, official data showed that annualized Japan’s gross domestic product dropped by 1.6% in the third quarter, missing economists‘ forecast of a 2.3% growth and following a 7.3% drop in the second quarter, which puts the country in a recession. In these circumstances USD/JPY extended gains and hit a fresh multi-year high of 117.04. How high could the exchange rate go?

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