GBP/USD H4 Technical and Fundamental Analysis for 12.27.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
EURAUD Daily Technical and Fundamental Analysis for 12.24.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/AUD currency pair is currently influenced by key fundamental factors. Today, the Eurozone is observing a German Bank Holiday, resulting in reduced liquidity for the EUR. This typically leads to lower trading volumes and can cause the EUR to exhibit subdued volatility. Conversely, the Australian Dollar (AUD) is set to react to the release of the Monetary Policy Meeting Minutes at...
BTCUSD Daily Technical and Fundamental Analysis for 12.23.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
Bitcoin (BTC) has seen a significant decline in recent days following a broad sell-off in the cryptocurrency market. The bearish sentiment in BTCUSD coincides with a strengthening US Dollar (USD), driven by improved economic confidence indicators such as the US CB Consumer Confidence report expected later today. A higher-than-forecast result could further bolster the USD, applying downward pressure on BTC USD. Additionally,...
USD/CAD H4 Technical and Fundamental Analysis for 12.20.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD forecast reflects the economic and monetary policy interplay between the United States and Canada. Today’s USD/CAD news analysis includes upcoming U.S. data, with Personal Consumption Expenditures (PCE) and consumer spending reports, that will be key indicators of inflation trends and consumer behavior, potentially bolstering USD strength if data surprises to the upside. Simultaneously, Canada’s retail sales figures, including core retail...
NZDUSD Daily Technical and Fundamental Analysis for 12.19.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
The NZDUSD reflects the exchange rate between the New Zealand Dollar (NZD) and the U.S. Dollar (USD). Today, the USD's performance will be closely tied to the release of key economic data, including GDP figures and Initial Jobless Claims. Stronger-than-expected data may bolster the USD, adding downward pressure on the NZDUSD pair. Meanwhile, New Zealand's economic sentiment may hinge on business confidence...
USDCAD H4 Technical and Fundamental Analysis for 12.17.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USDCAD currency pair reflects the exchange rate between the U.S. Dollar (USD) and the Canadian Dollar (CAD). Today, key economic events for the CAD include multiple inflation data releases, such as CPI m/m (forecasted at 0.1%) and Core CPI m/m (expected at 0.4%). Lower-than-expected inflation data could signal subdued economic growth, potentially weakening the CAD. Simultaneously, significant U.S. economic releases include...
GBPUSD H4 Technical and Fundamental Analysis for 12.16.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
The GBPUSD pair remains under pressure today as traders await significant economic updates from both the United States and the United Kingdom. For the USD, the New York Manufacturing Index and the Purchasing Managers' Index (PMI) reports for manufacturing and services sectors are key. A higher-than-expected PMI figure will indicate improving economic conditions, providing support for the USD. On the GBP side,...
EURGBP H4 Technical and Fundamental Analysis for 12.13.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP fundamental analysis today is influenced by a variety of factors, including economic data releases from both the Eurozone and the UK. For the Euro, key economic indicators like GDP, industrial output, and inflation data (CPI) significantly impact the pair’s forecast today. Likewise, the UK’s data on consumer sentiment (GfK survey), GDP, and manufacturing outputs also play a crucial role in...
EURUSD H4 Technical and Fundamental Analysis for 12.12.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
Today, the EURUSD pair will be influenced by multiple economic releases from both the Eurozone and the United States. On the Eurozone side, the IT Quarterly Unemployment Rate and the ECB Main Refinancing Rate are scheduled for release. A lower-than-expected unemployment rate and a higher-than-expected interest rate would be positive for the Euro. On the US side, the Core PPI m/m, PPI...
AUDUSD H4 Technical and Fundamental Analysis for 12.10.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)