USDCAD H4 Technical and Fundamental Analysis for 10.29.2024
Time Zone: UTC (+02:00)Time Frame: 4 Hours (H4)
EURGBP Daily Technical and Fundamental Analysis for 10.28.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP currency pair, reflecting the exchange rate between the Euro (EUR) and the British Pound (GBP), could experience moderate volatility today due to the release of data from the Confederation of British Industry (CBI) on retail and wholesale sales volume. This index serves as a leading indicator of consumer spending trends in the UK, with values above zero indicating a rise...
USDJPY H4 Technical and Fundamental Analysis for 10.25.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/JPY forex trading pair, often referred to as the "Ninja," is influenced heavily by both U.S. and Japanese economic releases. For today’s USDJPY news analysis, traders are focusing on U.S. Durable Goods Orders and Japanese inflation data, specifically Tokyo's CPI. If U.S. data beats expectations, it may strengthen the USD, pushing USD/JPY prices higher, while a stronger-than-forecast CPI in Japan could...
GBP/USD H4 Daily Technical and Fundamental Analysis for 10.24.2024
Time Zone: UTC (+03:00)Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD, also known as "Cable," reflects the exchange rate between the British Pound (GBP) and the US Dollar (USD). Today’s focus is on US unemployment claims data, which, if lower than expected, could boost the USD, putting pressure on GBP/USD. The Federal Reserve Bank of Cleveland President Beth Hammack is also scheduled to speak, and her remarks may hint at future...
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...
GBPCAD H4 Technical and Fundamental Analysis for 10.22.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/CAD news analysis today is influenced by various fundamental factors, including news from both Canada and the United Kingdom. In Canada, the Industrial Product Price Index (IPPI) and the Raw Materials Price Index (RMPI) were released, showing declines of -0.4% and -1.7%, respectively. Although these results were better than their previous values, they indicate ongoing weakness in inflationary pressure, which could...
EURUSD H4 Technical and Fundamental Analysis for 10.21.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD news analysis today is influenced by various fundamental factors, including news from both the Eurozone and the United States. In the Eurozone, the Producer Price Index (PPI) released by Destatis remains a key indicator as it signals potential inflationary pressures. An actual result above the forecast would support the Euro; however, the release is still pending. Simultaneously, ongoing IMF meetings...
GBPUSD H4 Technical and Fundamental Analysis for 18.10.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis
The GBP/USD pair is influenced today by key economic indicators from both the UK and the US. In the UK, the latest retail sales figures from the Office for National Statistics will be closely watched. Retail sales are a primary indicator of consumer spending and economic health; a better-than-expected result could boost the GBP currency. In the US, data from the Treasury...
AUDUSD H4 Technical and Fundamental Analysis for 10.17.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD news analysis today is influenced by a variety of economic factors from both Australia and the United States. Recently, Australia's employment data and unemployment rate have been pivotal in shaping the Australian dollar's strength. A better-than-expected increase in job creation typically bolsters the AUD, as it signals a healthy economy and boosts consumer spending. On the other hand, the US...
EURGBP H4 Technical and Fundamental Analysis for 10.16.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)