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Canadian dollar and Jappnese yen analysis on 21-02-2024

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...

February 21, 2024By admin_fx20Forex News0 CommentsRead more...

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...

February 19, 2024By admin_fx20Forex News0 CommentsRead more...

Change of Trading Session due to the US President’s Day 2024

Dear Clients! Please note that due to the President’s Day celebration in the USA on February 19, 2024 the time of trading sessions for metals is changing. Trading on these instruments will be available only until 20:00 (GMT+2) on February 19. Best Regards Fxglory Management Team

February 18, 2024By admin_fx20Fxglory NewsComments OffRead more...

USDSEK analysis for 16.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The USD/SEK currency pair is subject to a range of economic indicators from both the United States and Sweden, including interest rate decisions, GDP reports, and employment data. The strength of the US Dollar is closely tied to Federal Reserve policies and global risk sentiment. Conversely, the Swedish Krona is influenced by the Riksbank's monetary policy, as well as Sweden's trade balance...

February 16, 2024By admin_fx20Forex News0 CommentsRead more...

Platinum analysis for 15.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:Platinum, when paired against the US Dollar, is influenced by both commodity-specific and broad economic factors. The fundamental drivers for platinum prices include its industrial applications, particularly in automotive catalytic converters, and jewelry demand. Macroeconomic variables, such as the strength of the US Dollar, inflation rates, and global economic health, also play a pivotal role. Additionally, the investment demand for platinum as...

February 15, 2024By admin_fx20Forex News0 CommentsRead more...

CHFJPY analysis for 14.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Technical Analysis:In the foreign exchange market, the CHF/JPY pair represents the value of the Swiss Franc against the Japanese Yen. This currency pair is impacted by economic indicators, monetary policies, and geopolitical events from both Switzerland and Japan. Factors such as changes in interest rates set by the Swiss National Bank and the Bank of Japan, economic data releases like GDP, unemployment rates,...

February 14, 2024By admin_fx20Forex News0 CommentsRead more...

EURUSD Analysis for 13.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The EUR/USD pair, indicative of the Euro against the US Dollar's value, is sensitive to a range of economic stimuli. Key influences include policy shifts by the European Central Bank and the Federal Reserve, alongside pivotal economic data from both economies such as GDP growth, inflation, and job market dynamics. This currency pair is a global economic health gauge.Price Action:EUR/USD's H4 chart...

February 13, 2024By admin_fx20Forex News0 CommentsRead more...

XRPUSD analysis for 12.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The XRP/USD pair represents the value of Ripple in terms of the US Dollar. Key fundamental factors influencing Ripple may include regulatory news concerning cryptocurrency, overall market sentiment in the crypto space, and technological developments within the Ripple network. Additionally, macroeconomic factors affecting the US Dollar, such as Federal Reserve policy, inflation rates, and economic indicators, can also impact the pair. Investors'...

February 12, 2024By admin_fx20Forex News0 CommentsRead more...

SILVER analysis for 09.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:Silver is traded against the US Dollar in the SILVER/USD pair. Fundamental factors affecting silver include industrial demand, mine production levels, and macroeconomic indicators that influence the US Dollar such as interest rates and inflation data. Investor sentiment can also be swayed by geopolitical events and trends in other commodity markets, particularly precious metals. Given that silver has applications in various industrial...

February 9, 2024By admin_fx20Forex News0 CommentsRead more...

BTCUSD analysis for 08.02.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)Fundamental Analysis:The BTCUSD pair represents the exchange rate between Bitcoin (BTC) and the US Dollar (USD). Factors affecting this pair include technological advancements in the Bitcoin network, regulatory news impacting the cryptocurrency space, and overall economic conditions that influence the strength of the US Dollar. The market sentiment can be swayed by Bitcoin's network developments, particularly scaling solutions and security updates, as well...

February 8, 2024By admin_fx20Forex News0 CommentsRead more...

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