EURUSD H4 Technical and Fundamental Analysis for 28.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD pair, reflecting the exchange rate between the Euro and the US Dollar, is currently navigating through various economic data releases from both the Eurozone and the United States. In the Eurozone, inflation data has presented a mixed picture. Germany's Preliminary Consumer Price Index (CPI) came in flat at 0.0% for the month, below expectations of a 0.3% increase, suggesting subdued...
USD/JPY H4 Technical and Fundamental Analysis for 08.27.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The upcoming economic data releases from both the US and Japan are set to influence the USD/JPY pair's direction prediction. In the US, key indicators such as the S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, and Richmond Manufacturing Index will be released. The S&P/CS Composite-20 HPI y/y is expected to show a slight decrease from 6.8% to 6.2%, indicating a...
EURUSD H4 Technical and Fundamental Analysis for 21.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD pair, reflecting the exchange rate between the Euro and the US Dollar, is currently influenced by recent economic data releases from both the Eurozone and the United States. In the Eurozone, the latest PMI readings suggest a mixed economic outlook. The French Manufacturing PMI slightly improved to 44.4 from 44.0, indicating a marginal recovery, although the sector remains in contraction....
EURCAD H4 Technical and Fundamental Analysis for 20.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/CAD forecast today is shaped by a series of critical economic indicators from both the Eurozone and Canada, creating a dynamic environment for potential market movements. From the Eurozone, the Current Account surplus came in at €37.0B, slightly higher than the previous €36.7B, indicating a stable economic backdrop. The Final Core CPI and Final CPI both remained steady at 2.9% and...
GBPUSD H4 Technical and Fundamental Analysis for 14.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD forecast today is shaped by ongoing developments in the UK and US economies. In the UK, recent data has shown a slight increase in the unemployment rate, which could suggest a cooling labor market, while inflation remains elevated, keeping the Bank of England on alert for further rate hikes. In the US, economic indicators like the Consumer Price Index (CPI)...
GBP/AUD H4 Technical and Fundamental Analysis for 13.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/AUD forecast today is influenced by a mix of economic indicators from both the UK and Australia that paint a complex picture of the potential market directions. The UK sees a decrease in Claimant Count Change and a slight uptick in the Unemployment Rate, combined with a reduction in the Average Earnings Index. In contrast, Australia's economic indicators such as the...
EURCAD H4 Technical and Fundamental Analysis for 07.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURCAD currency pair represents the exchange rate between the Euro (EUR) and the Canadian Dollar (CAD). Recent economic data from both the Eurozone and Canada indicate potential influences on this pair.Euro (EUR)• German Industrial Production m/m: The latest data shows an increase of 1.0%, a significant recovery from the previous -2.5%. This indicates a rebound in Germany's industrial sector, which is...
EURJPY H4 Technical and Fundamental Analysis for 31.07.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/JPY pair is influenced by various fundamental factors, including economic indicators from the Eurozone and Japan. For the Euro (EUR), recent data from the Eurozone's economic performance, particularly GDP growth and inflation rates, are pivotal. Reports from the European Central Bank (ECB) regarding monetary policy also play a crucial role. For the Japanese Yen (JPY), key indicators include the S&P Global...
USD/CAD H4 Technical and Fundamental Analysis for 24.07.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)