Author - Alfred Leon

GBPUSD H4 Technical and Fundamental Analysis for 06.06.2024

Alfred Leon2024-06-06T03:25:42+00:00

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

Fundamental Analysis:

The GBPUSD forecast today reflects the relationship between the British Pound (GBP) and the US Dollar (USD). Fundamental factors influencing the GBPUSD pair include interest rate differentials, economic growth, and geopolitical stability. For the GBP, upcoming Construction PMI data is expected to impact market sentiment, with a forecast of 52.5 indicating expansion. For the USD, high-impact Unemployment Claims data, with a forecast...

EURJPY Daily Technical and Fundamental Analysis for 31.05.2024

Alfred Leon2024-05-31T01:21:42+00:00

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

Fundamental Analysis:

The EUR/JPY currency pair chart is expected to be influenced by several economic data releases today. Key among these is the French Final Private Payrolls report, which is forecasted to show a 0.2% increase. A higher than expected result would be positive for the Euro. Additionally, other data such as German Import Prices, German Retail Sales, French Consumer Spending, and various CPI...

AUDUSD Daily Technical and Fundamental Analysis for 30.05.2024

Alfred Leon2024-05-30T02:24:22+00:00

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

Fundamental Analysis:

The AUDUSD currency pair chart represents the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). This pair is highly influenced by economic indicators from both Australia and the United States, making it a critical focus for forex traders. Monitoring the AUD/USD chart price is essential for understanding market trends and potential trading opportunities in the forex market. Today,...

EURUSD Price Analysis for 28.5.2024

Alfred Leon2024-05-28T04:39:06+00:00

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

Fundamental Analysis:

The recent news includes key economic indicators from both the Eurozone and the US that could significantly affect the EUR/USD exchange rate. On May 29th, the Eurozone will release the German Prelim CPI m/m, a crucial indicator of inflation trends in Europe's largest economy. For the US, significant data releases on May 30th include the Prelim GDP q/q with a forecast of...

USDJPY Daily Technical and Fundamental Analysis for 27.05.2024

Alfred Leon2024-05-27T00:36:47+00:00

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

Fundamental Analysis:

The USD/JPY currency pair reflects the exchange rate between the US Dollar (USD) and the Japanese Yen (JPY). Today, the USD is expected to experience low liquidity due to a Bank Holiday in observance of Memorial Day. This typically leads to irregular volatility and less market activity, as US banks will be closed. On the other hand, significant volatility is anticipated for...

GBPCAD Daily Chart Analysis for 24.05.2024

Alfred Leon2024-05-24T01:28:53+00:00

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

 

Fundamental Analysis:

The GBP/CAD currency pair reflects the exchange rate between the British Pound and the Canadian Dollar. Fundamental drivers include economic indicators such as consumer confidence, retail sales, and corporate profits. Today, low-impact data from the UK shows GfK Consumer Confidence better than forecasted, which is positive for GBP currency. However, high-impact retail sales data is expected, which could provide significant market movement....

AUD/NZD daily chart analysis for 23.05.2024

Alfred Leon2024-05-23T01:19:46+00:00

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

Fundamental Analysis:

The AUD NZD price analysis reflects dynamics influenced significantly by economic releases and central bank communications from both Australia and New Zealand. Recently, the economic indicators show a mixed but potent impact on the currencies. Notably, the RBNZ Governor's speech and unexpected retail sales data from New Zealand have provided support to the NZD, suggesting a potentially hawkish monetary stance. Meanwhile, Australia's...

GBPAUD analysis for 21.05.2024

Alfred Leon2024-05-21T05:10:45+00:00

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

 

Fundamental Analysis:

The GBP/AUD price is influenced by various economic factors, including interest rate differentials between the Bank of England and the Reserve Bank of Australia, economic indicators, and geopolitical events. Today, Bank of England Governor Bailey is scheduled to speak, which could provide insights into the future monetary policy stance of the UK, potentially impacting the GBP. Traders will be attentive to any...

USDCAD technical analysis for 20.05.2024

Alfred Leon2024-05-20T02:24:38+00:00

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

Fundamental Analysis:

The USD/CAD price is influenced by various economic factors, including interest rate differentials between the Federal Reserve and the Bank of Canada, economic indicators such as GDP growth rates, and commodity prices, particularly oil, which is a major export for Canada. Today, the US has several FOMC members speaking, which might provide subtle hints about future monetary policy, potentially impacting the USD....

EURNZD Analysis for 17.05.2024

Alfred Leon2024-05-17T02:19:11+00:00

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

Fundamental Analysis:

The EURNZD pair reflects the exchange rate between the Euro and the New Zealand Dollar. Recent economic data from New Zealand shows the PPI Input at 0.7%, slightly above the forecast of 0.6%, and PPI Output at 0.9%, significantly above the forecast of 0.5%. These figures indicate stronger-than-expected producer prices, supporting the NZD currency. For the Euro currency, the Final Core CPI...