AUDUSD Daily Technical and Fundamental Analysis for 30.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
EURUSD Price Analysis for 28.5.2024
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
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
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
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
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
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
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...
USDJPY daily chart analysis for 16.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD-JPY chart analysis is influenced by economic indicators from both the U.S. and Japan. Recent Japanese economic data shows a contraction in GDP with the Preliminary GDP q/q at -0.5% versus the forecast of -0.3%. This indicates weaker economic activity, which generally weakens the JPY. Additionally, the GDP Price Index came in higher than expected at 3.6%, suggesting rising inflation which...
GBPUSD Price Analysis for 15.5.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)