AUDUSD H4 Technical and Fundamental Analysis for 08.29.2024
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...
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...
USDCAD H4 Technical and Fundamental Analysis for 08.26.2024
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...
GBPUSD H4 Technical and Fundamental Analysis for 22.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD news analysis today is currently influenced by several key economic indicators. For today, the focus is on the U.S. data releases, including Jobless Claims and PMI figures, which will provide insights into the U.S. economy's health. Stronger-than-expected data could bolster the U.S. Dollar, leading to potential changes in the GBP/USD exchange rate. On the other hand, the U.K.'s PMI data...
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...
CADJPY H4 Technical and Fundamental Analysis for 19.08.2024
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...
GBP/CAD H4 Technical and Fundamental Analysis for 16.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)