Author - Alfred Leon

USD/CAD Technical Analysis for 14.05.2024

Alfred Leon2024-05-14T08:00:42+00:00

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

Fundamental Analysis:

The USDCAD pair could experience volatility due to a mix of upcoming economic data and news from both the US and Canada. For Canada, the Wholesale Sales report might slightly impact the CAD if results are better than expected, hinting at potential consumer spending increases. On the US side, high-impact news like the Core PPI and speeches from Fed Chair Jerome Powell...

USDCHF daily chart analysis for 13.05.2024

Alfred Leon2024-05-13T01:58:37+00:00

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

Fundamental Analysis:

For USD/CHF forecast today, upcoming economic events for both the U.S. and Switzerland could impact the currency pair significantly. In Switzerland, the SECO Consumer Climate index and the SNB Chairman's speech may provide insights into the economic sentiments and monetary policy expectations, respectively. A more hawkish stance from the SNB could strengthen the CHF. In the U.S., speeches by FOMC members, including...

EUR/USD technical analysis for 10.05.2024

Alfred Leon2024-05-10T01:47:31+00:00

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

Fundamental Analysis:

The EUR USD pair forecast is poised for potential volatility with upcoming economic releases. The Italian Industrial Production month-over-month, expected at 0.3%, could strengthen the EUR if results exceed forecasts, signaling economic robustness. Conversely, the ECB Monetary Policy Meeting Accounts will provide deeper insights into the eurozone's economic conditions and future monetary policy, where a more hawkish stance is typically supportive of...

USD/CAD Technical Analysis for 08.05.2024

Alfred Leon2024-05-09T05:27:04+00:00

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

Fundamental Analysis:

Recent economic news releases from Canada and the United States are set to significantly influence the USD/CAD exchange rate. Here's a brief on the upcoming economic indicators:Canadian Employment Change: Expected to show a rise of 20.9K, a significant recovery from the previous -2.2K, suggesting an improving labor market in Canada.Canadian Unemployment Rate: Forecast to slightly increase to 6.2% from 6.1%, indicating minor...

EURCHF Technical Analysis for 07.05.2024

Alfred Leon2024-05-07T04:56:41+00:00

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

Fundamental Analysis:

Recent economic data releases across Europe provide a mixed yet cautiously optimistic outlook for the Euro, influencing the EUR/CHF exchange rate. The performance in service sectors across major European economies has generally exceeded expectations:Spanish Services PMI reported at 56.2, slightly above the forecast and previous figures, suggesting robustness in Spain's service sector.Italian Services PMI showed a minor dip to 54.3 from 54.6,...

EURJPY Technical Analysis for 06.05.2024

Alfred Leon2024-05-06T02:51:31+00:00

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

Fundamental Analysis:

The EUR/JPY exchange rate analysis reflects interactions between the Euro and the Japanese Yen, influenced by economic, political, and geopolitical events within Europe and Japan. Upcoming economic releases like Spanish Unemployment Change, French and German Services PMIs, and German Trade Balance are poised to impact the Euro. These indicators, coupled with speeches from European central bank officials, could sway EUR/JPY dynamics, particularly...

EURUSD Analysis for 03.05.2024

Alfred Leon2024-05-03T03:54:23+00:00

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

Fundamental Analysis:

The EUR/USD pair is heavily influenced by economic releases from both the Eurozone and the United States. Today's focus is on critical U.S. economic data: Average Hourly Earnings, Non-Farm Employment Change, the Unemployment Rate, and ISM Services PMI. These indicators are significant as they provide insights into economic health and labor market conditions in the U.S., potentially affecting Federal Reserve's monetary policy...

USDCAD analysis for 01.05.2024

Alfred Leon2024-05-03T06:15:58+00:00

Time Zone: GMT +2Time Frame: 4 Hours (H4)

Fundamental Analysis:

The USD/CAD pair reflects the economic interplay between the United States and Canada, with factors like oil prices, trade policies, and relative economic performance playing significant roles. The strength of the US dollar is influenced by America's economic indicators, Federal Reserve policies, and global market sentiment. Conversely, the Canadian dollar often reacts to shifts in commodity prices, especially crude oil, given Canada's...

EURAUD analysis for 30.04.2024

Alfred Leon2024-04-30T05:48:22+00:00

Time Zone: GMT +2Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The EUR/AUD pair is greatly influenced by the economic health and monetary policies of the Eurozone and Australia. Interest rate differentials, economic growth disparity, and global risk sentiment are key drivers. Europe's energy situation and Australia's export performance, particularly in minerals and resources, provide additional context. The Euro might be pressured by internal political dynamics, while the Australian Dollar might react to...

BTCUSD analysis for 29.04.2024

Alfred Leon2024-04-29T02:27:30+00:00

Time Zone: GMT +2Time Frame: 4 Hours (H4) 

Fundamental Analysis:

Bitcoin, traded against the US Dollar as BTC/USD, is influenced by a myriad of fundamental factors, including regulatory news, adoption by institutional investors, and broader economic indicators that affect cryptocurrency market sentiment. Technological advancements and network upgrades, such as improvements in blockchain scalability and security, can also affect Bitcoin's value. Macroeconomic uncertainty, like inflation or currency devaluation, often increases interest in Bitcoin...