NZDUSD Daily Technical and Fundamental Analysis for 12.19.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
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)
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)