Author - Alfred Leon

USDCAD H4 Technical and Fundamental Analysis for 09.12.2024

Alfred Leon2024-09-12T03:12:16+00:00

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

Fundamental Analysis:

The USD/CAD forex pair represents the exchange rate between the U.S. dollar and the Canadian dollar, with both economies being heavily influenced by commodity prices, particularly oil. Recently, the U.S. dollar has experienced some fluctuations due to upcoming U.S. economic reports, such as unemployment claims and the Producer Price Index (PPI), both of which are crucial for gauging inflation and labor market...

GBPAUD H4 Technical and Fundamental Analysis for 09.10.2024

Alfred Leon2024-09-10T08:22:07+00:00

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

Fundamental Analysis:

Upcoming economic data releases from both the UK and Australia will play a crucial role in predicting the direction of the GBP/AUD pair. Key releases for the GBP currency include Claimant Count Change, Average Earnings Index 3m/y, and the Unemployment Rate. The Claimant Count Change is expected to show an improvement from 135K to 95.5K, suggesting a slight improvement in the UK...

EURUSD H4 Technical and Fundamental Analysis for 09.09.2024

Alfred Leon2024-09-09T02:31:18+00:00

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

Fundamental Analysis:

The EUR/USD currency pair is currently influenced by key economic releases from both the Eurozone and the United States. From the USD side, the upcoming Wholesale Inventories report from the Census Bureau will be closely watched. A figure lower than forecast could signal inventory depletion and boost future purchasing power, benefiting the USD. Additionally, the Federal Reserve's Consumer Credit data, which reflects...

USDCAD H4 Technical and Fundamental Analysis for 09.06.2024

Alfred Leon2024-09-06T02:09:29+00:00

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

Fundamental Analysis:

The USDCAD pair remains sensitive to key economic releases from both the U.S. and Canada. On the U.S. side, today’s Non-Farm Payrolls (NFP) and unemployment data will have a major impact on the U.S. Dollar’s strength. Positive employment data can strengthen the Dollar as it signals economic growth and could lead to further interest rate hikes by the Federal Reserve. Additionally, any...

Silver/USD (XAGUSD) H4 Technical and Fundamental Analysis for 09.05.2024

Alfred Leon2024-09-05T01:27:45+00:00

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

Fundamental Analysis:

As of the latest market insights, Silver trading against the US Dollar (XAGUSD) on the H4 timeframe shows nuanced movements ahead of significant economic data releases. Today, US economic indicators such as job cut announcements, ADP employment change, and initial jobless claims could sway the USD strength significantly. Favorable reports are expected to bolster the USD, exerting downward pressure on Silver prices....

EUR/USD H4 Technical and Fundamental Analysis for 09.03.2024

Alfred Leon2024-09-03T09:23:45+00:00

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

Fundamental Analysis:

The EUR/USD currency pair is experiencing notable fluctuations influenced by a mix of European economic data and US market dynamics. Today's EURUSD calendar includes significant releases like the Real Retail Sales from Germany and the French General Budget Outcome, both pivotal in shaping the Euro's trajectory. Concurrently, the speech by Deutsche Bundesbank President Joachim Nagel is highly anticipated, with potential implications on...

EURGBP H4 Technical and Fundamental Analysis for 09.02.2024

Alfred Leon2024-09-02T03:21:34+00:00

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

Fundamental Analysis:

The EUR/GBP news analysis today is influenced by a range of macroeconomic factors, including economic data from both the Eurozone and the United Kingdom. Current data shows that the Eurozone's retail sales and PMI figures are pivotal, indicating consumer spending trends and manufacturing sector health. Strong retail sales data and PMI readings above 50 suggest economic expansion, which could support the Euro....

AUDUSD H4 Technical and Fundamental Analysis for 08.29.2024

Alfred Leon2024-08-29T01:22:39+00:00

Time Zone: GMTTime Frame: 4 Hours (H4) 

Fundamental Analysis:

The Australian Dollar (AUD) against the US Dollar (USD) is experiencing potential volatility due to key economic events scheduled today. In the US, the market will closely watch Raphael Bostic's speech at the Federal Reserve Bank of Atlanta, where his comments may provide insights into future monetary policy directions, affecting the USD's strength. Moreover, important data releases like the GDP Second Release and...

USDCAD H4 Technical and Fundamental Analysis for 08.26.2024

Alfred Leon2024-08-25T23:07:43+00:00

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

Fundamental Analysis:

The USD/CAD news analysis today is influenced by a variety of macroeconomic factors, including crude oil prices (since Canada is a major oil exporter), interest rate differentials between the Federal Reserve and the Bank of Canada, and economic indicators such as GDP growth, employment data, and inflation rates. Additionally, recent data releases related to U.S. durable goods orders are crucial as they...

CADJPY H4 Technical and Fundamental Analysis for 19.08.2024

Alfred Leon2024-08-19T00:29:05+00:00

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

Fundamental Analysis:

The CAD/JPY fundamental analysis today is influenced by various macroeconomic factors and market sentiment. The Canadian Dollar is often correlated with oil prices, as Canada is a major oil exporter. Rising oil prices typically strengthen the CAD. Meanwhile, the Japanese Yen, often seen as a safe-haven currency, is influenced by global risk sentiment and Japan’s economic indicators, such as machine orders and...