Author - admin_fx20

USDZAR analysis for 10.04.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The USD/ZAR pair reflects the economic dynamics between the United States and South Africa. Key fundamental factors that could influence USD/ZAR include interest rate decisions from the Federal Reserve and the South African Reserve Bank, economic data releases such as employment statistics, GDP growth, trade balances, and manufacturing data. The U.S. dollar is a primary reserve currency and is often influenced by...

Good Friday and Easter Holiday 2024

Dear Clients, We would like to bring to your attention that the Metals market will be closed on 29th of March, 2024 due to Good Friday. Should you have any inquiries, please do not hesitate to reach out to us; we are here to assist you. Best Regards, Fxglory Management Team

GBPCAD analysis for 20.03.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The GBPCAD pair is influenced by economic indicators and policy decisions from both the UK and Canada. Key factors include changes in global oil prices, affecting the Canadian dollar, and the UK’s economic policies, particularly around Brexit developments and trade negotiations. The pair can also be swayed by broader market sentiment and risk appetite.Price Action:On the H4 chart for GBPCAD, we observe...

Daylight Saving Announcement 2024

Dear Clients! Due to the standard time shift in the USA on the 12th of March and considering that Europe will shift clocks on the 29th of March, trading schedule will be changed during this time (from the 12th of March to the 29th of March). Start of trading time for all assets will be on Monday 00:00 GMT+3 and it will finish on Friday 22:55 GMT+3. Please note that Metals (Gold,Silver,GOLDEURO,SILVEREURO,Platinum,Palladium) will...

EURUSD analysis for 06.03.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The EUR/USD pair is a key indicator of the economic dynamics between the Eurozone and the United States. Factors such as interest rate decisions, employment data, and political stability within each economy can significantly influence this currency pair. With the Eurozone's economic performance closely tied to various geopolitical events and the US's focus on trade and monetary policy, the EUR/USD often reflects...

BTCUSD analysis for 29.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:Bitcoin, unlike traditional currencies or commodities, is influenced by factors such as regulatory news, technological developments, and its adoption by businesses and consumers. Market sentiment can also be significantly affected by global economic factors, security of the exchanges, and broader financial market trends. Bitcoin's decentralized nature makes it sensitive to perceived risk in blockchain technology and changes in sentiment towards cryptocurrency as...

NZDCAD analysis for 28.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The NZD/CAD currency pair reflects the exchange rate between the New Zealand Dollar and the Canadian Dollar, two commodity-dependent economies. The NZD is often influenced by dairy prices and New Zealand's economic indicators, while the CAD is closely tied to oil prices and economic developments in Canada. Trade relationships with global partners, especially China and the United States, can significantly impact these...

CADJPY analysis for 21.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:In the foreign exchange market, the CAD/JPY pair signifies the value of the Canadian Dollar against the Japanese Yen. This currency pair is swayed by economic reports, monetary policy decisions, and geopolitical events from both Canada and Japan. Important economic indicators like inflation rates, employment data, and changes in gross domestic product are critical in influencing the strength of each currency. Decisions...

XRPUSD analysis for 19.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:XRP, paired against the US Dollar as XRPUSD, is influenced by both cryptocurrency market sentiment and macroeconomic factors affecting the USD. Regulatory news specifically targeting Ripple, the company associated with XRP, can cause price fluctuations, as can broader market trends in blockchain and financial technology sectors. Additionally, changes in investor risk appetite, as well as developments in monetary policy from the US...