BTCUSD analysis for 29.02.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
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...
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
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...
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...
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,...
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...
XRPUSD analysis for 12.02.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)