EURUSD H4 Technical and Fundamental Analysis for 12.12.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
AUDUSD H4 Technical and Fundamental Analysis for 12.10.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUDUSD pair remains under scrutiny as traders await the Reserve Bank of Australia's (RBA) rate statement and the release of U.S. labor market data. The RBA is anticipated to maintain its cash rate at 4.35%, reinforcing a cautious monetary policy stance amidst global economic uncertainties. On the U.S. side, revised Nonfarm Productivity and Unit Labor Costs are projected to showcase a...
EURGBP H4 Daily Technical and Fundamental Analysis for 12.09.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
The EUR/GBP currency pair reflects the relationship between the Euro and the British Pound. Today, the Euro's movement is influenced by the Sentix Investor Confidence report, which is expected to indicate the economic outlook for the Eurozone. The ongoing Eurogroup meeting may provide additional clues regarding the region's financial stability and future policies, adding potential volatility to the Euro. For the Pound,...
USDCAD H4 Technical and Fundamental Analysis for 12.06.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today's USDCAD movements will likely be influenced by key employment data releases from both Canada and the United States. For the CAD, Statistics Canada will release employment change and unemployment rate figures. Strong job creation or a drop in unemployment may support the Canadian Dollar. On the USD side, the Non-Farm Payrolls (NFP) and Unemployment Rate data are scheduled, providing a significant...
GBPUSD H4 Technical and Fundamental Analysis for 12.05.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The British Pound (GBP) and US Dollar (USD) are both influenced by key economic data releases today. For GBP, the highlight is the upcoming release of the UK Purchasing Managers' Index (PMI) for the construction sector. A result above 50.0 will signal economic expansion and likely support a stronger GBP. Additionally, external member of the Bank of England’s (BOE) Monetary Policy Committee,...
USDCHF H4 Technical and Fundamental Analysis for 12.03.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CHF currency pair is set to experience significant movements today influenced by key economic indicators. The United States will release the JOLTS Job Openings at 3:00 PM, with expectations slightly higher at 7.49M compared to the previous 7.44M. An increase in job openings typically signals a strengthening labor market, potentially boosting the USD. Concurrently, Switzerland will publish its Consumer Price Index...
EURUSD H4 Technical and Fundamental Daily Analysis for 12.02.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURUSD pair, reflecting the exchange rate between the Euro and the US Dollar, remains a focus for traders due to upcoming high-impact economic data from both regions. For the Eurozone, recent PMI data reflects contraction in the manufacturing sector, raising concerns about economic stagnation. Unemployment reports from Eurostat provide mixed signals, highlighting limited growth in labor market conditions. For the US...
EURGBP H4 Technical and Fundamental Analysis for 11.29.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP fundamental forecast today is influenced by economic indicators from both the Eurozone and the UK. Recently, the Eurozone has seen mixed economic data, with key indicators such as retail sales and consumer price inflation showing moderate growth. For the British pound, ongoing concerns about inflation and the Bank of England's monetary policy decisions remain central to its performance. Market participants...
USDCAD H4 Technical and Fundamental Analysis for 11.28.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD pair is experiencing a period of low liquidity as US banks are closed today in observance of Thanksgiving Day. This can lead to irregular volatility and decreased market activity, making price movements more susceptible to speculation. While the USD typically shows weaker momentum due to the bank holiday, the CAD may be influenced by Canada's economic data. Today's CAD news...
NZDUSD Daily Technical and Fundamental Analysis for 11.26.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)