NZDUSD H4 Daily Technical and Fundamental Analysis for 11.11.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
EURJPY Daily Technical and Fundamental Analysis for 11.04.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURJPY pair faces a fundamental backdrop characterized by key economic data releases. For the Euro, today's focus will be on several Purchasing Managers' Index (PMI) reports. These PMIs are leading indicators of economic health and can drive volatility if the data significantly diverges from expectations. The higher-than-expected PMI readings would indicate economic expansion, potentially bolstering the Euro, while weaker-than-expected numbers could...
EURUSD Daily Technical and Fundamental Analysis for 10.31.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURUSD pair faces downward pressure from recent Eurozone data releases, showing a mixed economic picture. Germany’s retail sales disappointed with a -0.7% decline, against expectations of a 1.6% increase, suggesting weaker consumer spending and an economic slowdown. Similarly, German import prices showed a decrease of -0.4%, in line with forecasts but reflecting declining demand. France's CPI was modestly positive at 0.2%,...
AUDUSD Daily Technical and Fundamental Analysis for 10.30.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUDUSD pair is currently influenced by mixed economic data from both Australia and the United States. Recent Australian Consumer Price Index (CPI) data revealed lower-than-expected inflation, with quarterly CPI coming in at 0.3% compared to the previous 1.0%, and the yearly CPI at 2.3% versus the prior 2.7%. This signals a deceleration in inflation, which may reduce the likelihood of further...
USDCAD H4 Technical and Fundamental Analysis for 10.23.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD news outlook today, is influenced by both the US Dollar and the Canadian Dollar, reacts to economic developments and central bank policies from both the US and Canada. Today, market participants are closely monitoring remarks from Michelle Bowman at the Annual Fintech Conference. Any hawkish signals from her speech could strengthen the USD, pushing the USD/CAD price higher. Additionally, Canadian...
EURGBP H4 Technical and Fundamental Analysis for 10.16.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP news analysis today is as always influenced by the macroeconomic landscapes of both the Eurozone and the United Kingdom, reflecting the latest economic developments. On the GBP side, upcoming UK inflation data, particularly the Consumer Price Index (CPI) due on November 20, 2024, remains a crucial driver. Higher-than-expected inflation readings could push the Bank of England towards further monetary tightening,...
NZDUSD H4 Technical and Fundamental Analysis for 10.09.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The NZD/USD forex trading pair, also known as the "Kiwi," always has its fundamental outlook heavily influenced by factors from both the New Zealand and U.S. economies. For the NZD/USD news analysis today, traders are focused on speeches by key Federal Reserve members such as Philip Jefferson and Raphael Bostic. Any hawkish tone could further strengthen the U.S. dollar, applying pressure on...
EURUSD H4 Technical and Fundamental Analysis for 10.02.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD forex pair, also known as “Fiber,” reflects the relative strength of the Eurozone and US economies. Currently, the market is focused on macroeconomic data such as employment figures, inflation rates, and central bank policies. Upcoming releases, such as France’s government budget balance and unemployment data across key European economies, are critical for Euro traders. On the US side, employment data...
AUDUSD H4 Technical and Fundamental Analysis for 09.18.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)