USD/CAD H4 Technical and Fundamental Analysis for 12.20.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
NZDUSD Daily Technical and Fundamental Analysis for 12.19.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
The NZDUSD reflects the exchange rate between the New Zealand Dollar (NZD) and the U.S. Dollar (USD). Today, the USD's performance will be closely tied to the release of key economic data, including GDP figures and Initial Jobless Claims. Stronger-than-expected data may bolster the USD, adding downward pressure on the NZDUSD pair. Meanwhile, New Zealand's economic sentiment may hinge on business confidence...
EURUSD H4 Technical and Fundamental Analysis for 12.18.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD fundamental analysis is being viewed cautiously as traders await key economic events from both the Eurozone and the United States. In focus is the speech by Bundesbank President Joachim Nagel, a voting member of the ECB Governing Council, which could provide critical clues about the ECB's monetary policy outlook. A hawkish tone could support the Euro, while dovish remarks may...
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...
USDCAD H4 Technical and Fundamental Analysis for 12.11.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD news analysis is closely tied to economic developments in the United States and Canada, both of which are releasing important data today. In the US, the Bureau of Labor Statistics will release the Consumer Price Index (CPI) and Core CPI, which are critical for assessing inflation trends and Federal Reserve policy expectations. Stronger-than-expected CPI data could bolster the US Dollar...
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)