Author - Alfred Leon

NZDUSD Daily Technical and Fundamental Analysis for 10.15.2024

Alfred Leon2024-10-15T05:09:29+00:00

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

Fundamental Analysis:

The NZDUSD pair reflects the exchange rate between the New Zealand Dollar and the US Dollar. The New Zealand Dollar has been under pressure recently, driven by concerns around slowing economic growth in New Zealand and ongoing global uncertainties. Traders are awaiting potential signals from the Reserve Bank of New Zealand (RBNZ) regarding future interest rate policy, with inflation remaining a key...

BTCUSD Daily Technical and Fundamental Analysis for 10.14.2024

Alfred Leon2024-10-14T02:26:11+00:00

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

Fundamental Analysis:

The BTC/USD pair represents the exchange rate between Bitcoin and the US Dollar. Today, market liquidity for BTC USD may be lower due to the Columbus Day holiday in the US, which typically results in less market activity. This could lead to irregular volatility in the cryptocurrency markets, especially with the absence of major institutional traders. However, volatility may pick up later...

USDCAD Daily Technical and Fundamental Analysis for 10.11.2024

Alfred Leon2024-10-11T01:56:07+00:00

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

Fundamental Analysis:

Today, several key factors influence the USD/CAD pair. U.S. data includes the Producer Price Index (PPI), which is a critical indicator of inflation at the producer level. A higher-than-expected PPI result would likely strengthen the U.S. Dollar, reinforcing expectations for a hawkish Federal Reserve stance. In addition, speeches by Federal Reserve members such as Austan Goolsbee and Michelle Bowman may provide further...

USDJPY H4 Technical and Fundamental Analysis for 10.10.2024

Alfred Leon2024-10-10T01:24:19+00:00

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

Fundamental Analysis:

The USD/JPY currency pair, also known as the “Gopher,” always has its daily fundamental forecast significantly influenced by monetary policy from both the Federal Reserve (Fed) and the Bank of Japan (BoJ). Today, several key events, including speeches by Federal Reserve members, like Susan Collins and Mary Daly, are expected to provide subtle clues regarding future US monetary policy, which could impact...

EUR/USD H4 Technical and Fundamental Analysis for 10.08.2024

Alfred Leon2024-10-08T07:11:28+00:00

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

Fundamental Analysis:

Today’s economic data releases from the Eurozone and the U.S. will likely influence the direction of the EUR/USD pair. For the Euro, German Industrial Production data reported a surprising increase of 0.8% after previously contracting by -2.4%, signaling a recovery in the manufacturing sector. This positive data, along with ECOFIN meetings and a speech by the German Bundesbank President, could boost sentiment...

AUDUSD H4 Technical and Fundamental Analysis for 10.07.2024

Alfred Leon2024-10-07T02:20:20+00:00

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

Fundamental Analysis:

The AUD/USD forex trading pair, also known as the “Aussie”, continues to experience significant movements, as the pair’s fundamental forecast is influenced by various factors impacting both the Australian and US economies. Recently, US Federal Reserve officials, including Michelle Bowman and Neel Kashkari, have provided hawkish views regarding the US economy and future interest rate hikes. These statements are strengthening the USD,...

BTC/USD H4 Technical and Fundamental Analysis for 10.04.2024

Alfred Leon2024-10-04T01:32:24+00:00

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

Fundamental Analysis:

The BTCUSD forex pair reflects the exchange rate between Bitcoin (BTC) and the US Dollar (USD), a crucial instrument for cryptocurrency traders. Today’s market is poised for volatility due to significant economic releases in the US, including Non-Farm Payrolls (NFP) and the Unemployment Rate. These reports are essential indicators of economic strength, and a higher-than-expected NFP figure or lower unemployment rate may...

NZDUSD H4 Technical and Fundamental Analysis for 10.03.2024

Alfred Leon2024-10-03T03:04:10+00:00

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

Fundamental Analysis:

The NZD/USD forex pair, also known as “Kiwi,” is often influenced by commodity prices and global risk sentiment, and continues to be impacted by macroeconomic data from both New Zealand and the U.S. Today, traders are watching upcoming U.S. reports, including jobless claims and the job cut announcements, which will provide insight into the U.S. labor market's health. Stronger-than-expected data could bolster...

EURCAD H4 Technical and Fundamental Analysis for 10.01.2024

Alfred Leon2024-10-01T07:43:34+00:00

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

Fundamental Analysis:

The EUR/CAD pair is currently influenced by various economic developments. The Canadian Dollar's movement is heavily tied to oil prices, and recent volatility in the oil market has caused fluctuations in the CAD. The Bank of Canada’s (BoC) decision to hold interest rates has also kept the CAD under pressure. Meanwhile, Eurozone data continues to show mixed results, with weaker industrial production...

EURGBP H4 Technical and Fundamental Analysis for 09.30.2024

Alfred Leon2024-09-30T02:22:05+00:00

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

Fundamental Analysis:

The EUR/GBP news analysis today is influenced by various fundamental factors, including economic indicators, interest rates, and geopolitical events impacting both the Eurozone and the UK. As the European Central Bank (ECB) and the Bank of England (BoE) manage their monetary policies, traders closely monitor releases such as the Consumer Price Index (CPI) and Gross Domestic Product (GDP) data from both regions....