Author - Alfred Leon

GOLD H4 Daily Technical and Fundamental Analysis for 26.07.2024

Alfred Leon2024-07-26T02:27:25+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The GOLD market (GOLD/USD, XAU/USD) is closely watched by traders due to its safe-haven status and sensitivity to economic data. Today, several key economic indicators from the U.S. are expected to impact the gold market. The Core PCE Price Index m/m, forecasted at 0.2%, is crucial as it influences inflation expectations and the Federal Reserve's monetary policy. Lower-than-expected data could weaken the...

EURUSD H4 Technical and Fundamental Analysis for 25.07.2024

Alfred Leon2024-07-24T23:24:54+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/USD forecast today is currently influenced by a series of upcoming economic events and data releases. For the USD, key events include speeches from FOMC members Bowman and Logan, as well as President Biden's announcement. High-impact data such as the Advance GDP q/q, Unemployment Claims, and Durable Goods Orders will also play crucial roles. These events are likely to provide significant...

BTCUSD Daily Technical and Fundamental Analysis for 22.07.2024

Alfred Leon2024-07-22T01:43:58+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

Today's BTC/USD pair Analysis could be significantly impacted by U.S. political developments, notably President Biden's unexpected decision to withdraw from the 2024 election and endorse Kamala Harris. This surprise political shift could introduce high volatility in the USD, potentially influencing Bitcoin as investors may look to cryptocurrencies as alternative investments during periods of uncertainty in traditional markets. 

Price Action Analysis:

The BTC/USD chart shows...

USDCAD Technical and Fundamental Analysis for 19.07.2024

Alfred Leon2024-07-19T02:39:54+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The USD/CAD forex pair, reflecting the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD), is poised for a volatile session given today's economic data releases. The USD is under scrutiny with low-impact events such as TIC Long-Term Purchases, which came in significantly lower than forecasted at -54.6B versus the expected 98.4B. Additionally, speeches from multiple FOMC members, including...

EURUSD H4 Technical and Fundamental Analysis for 18.07.2024

Alfred Leon2024-07-18T00:51:57+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/USD forecast today is heavily influenced by the economic releases from Europe and the U.S. For the Euro, factors like the results from bond auctions by the General Secretariat of the Treasury and statements from the ECB provide key insights into fiscal health and monetary policy decisions. Upcoming ECB interest rate decisions and statements could affect the Euro's strength. For the...

EURUSD H4 Technical and Fundamental Analysis for 15.07.2024

Alfred Leon2024-07-15T02:03:50+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/USD news analysis today is influenced by several fundamental factors. Recent data from Eurostat indicates changes in the industrial production of the Eurozone, with the latest figures showing a positive trend, suggesting economic recovery. The upcoming Eurogroup meeting could further impact the EUR/USD forecast today as finance ministers discuss economic policies. On the USD side, key events include the Empire State...

GBPUSD H4 Technical and Fundamental Analysis for 07.11.2024

Alfred Leon2024-07-11T01:39:11+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The GBP/USD news analysis today is influenced by various economic indicators and news events from both the United Kingdom and the United States. The UK economy is currently facing challenges related to inflation, GDP growth, and trade balance, while the US is experiencing fluctuations due to inflation data, employment figures, and Federal Reserve policies. Today's economic calendar for the USD includes high-impact...

EURUSD H4 Technical and Fundamental Analysis for 07.08.2024

Alfred Leon2024-07-08T03:07:59+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/USD news analysis today is influenced by a variety of fundamental factors, including macroeconomic data, central bank policies, and geopolitical events. For the Euro, upcoming reports such as the German Trade Balance and Sentix Investor Confidence are low-impact but can provide insights into economic health. A higher-than-expected trade balance could be positive for the Euro, suggesting robust export activity. Similarly, a...

EURGBP H4 Technical and Fundamental Analysis for 07.04.2024

Alfred Leon2024-07-04T03:05:45+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/GBP news analysis today is influenced by various fundamental factors. For the Euro, industrial orders and bond yields within the Eurozone play a significant role, reflecting economic activity and investor confidence. In the UK, the focus is on the general election outcomes and PMI data, which indicate economic health and conditions within the construction industry. The upcoming UK general election is...

GBPUSD H4 Technical and Fundamental Analysis for 01.07.2024

Alfred Leon2024-07-01T03:30:53+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The GBP/USD news analysis today is influenced by various economic indicators and geopolitical factors. Recently, the pair's performance has been under pressure due to a stronger US Dollar driven by positive economic data, including expectations for the upcoming Final Manufacturing PMI and ISM Manufacturing PMI. The UK's economic outlook remains uncertain amidst concerns over inflation and slower-than-expected economic growth. Bank of England’s...