USDCAD Technical and Fundamental Analysis 17.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
GBPCHF Fundamental and Technical Analysis for 14.6.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Recent news includes key economic indicators from both the UK and Switzerland that could significantly impact the GBP/CHF exchange rate. On June 17th, the UK will release the Rightmove HPI m/m, with a forecast of 0.8%, while the Swiss PPI m/m is already published at -0.3%, against a forecast of 0.5% and a previous figure of 0.6%. These economic indicators are crucial...
USDJPY Price Technical and Fundamental Analysis for 13.6.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/JPY currency pair is currently experiencing significant movements influenced by upcoming Japanese economic data releases; making this currency pair eye-catching for forex traders looking for buy oppertunity. Key financial news on this pair include:BOJ Policy Rate: Expected to remain steady at <0.10%.Monetary Policy Statement and BOJ Press Conference: Crucial for insights into future monetary policies.Revised Industrial Production m/m: Forecasted at -0.1%,...
GBPUSD Price Technical and Fundamental Analysis for 12.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The recent news includes key economic indicators from the US that could significantly affect the possible future direction on GBP/USD exchange rate. On June 12th, critical data releases include the Core CPI m/m with a forecast of 0.3% against the previous 0.3%, and the CPI m/m expected at 0.1% compared to the previous 0.3%. The year-over-year CPI is anticipated to be 3.4%,...
EURGBP price Analysis for 11.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The recent news includes key economic indicators from both the Eurozone and the UK that could significantly affect the EUR/GBP exchange rate. On June 29th, the Eurozone will release the German Prelim CPI m/m, a crucial indicator of inflation trends in Europe's largest economy. For the UK, significant data releases include the Prelim GDP q/q and Unemployment Claims expected to come in...
USDJPY Technical and Fundamental Analysis for 10.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today's economic releases for Japan include low-impact indicators such as Bank Lending y/y, Current Account, Final GDP Price Index y/y, Final GDP q/q, and Economy Watchers Sentiment. The USDJPY news analysis today suggests a generally stable economic environment with no significant surprises expected. The USD has no major releases today, indicating a relatively quiet day on the fundamental front, potentially leaving the...
EURUSD H4 Daily Technical and Fundamental Analysis for 07.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURUSD currency pair, often referred to as "Fiber," reflects the exchange rate between the Euro and the US Dollar. Today, the Euro may see some impact from a series of low-impact economic data releases. Germany's Industrial Production report, forecasted at 0.1%, and Trade Balance, forecasted at 22.6B, along with France's Trade Balance, forecasted at -5.4B, will provide insights into the economic...
GBPUSD H4 Technical and Fundamental Analysis for 06.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBPUSD forecast today reflects the relationship between the British Pound (GBP) and the US Dollar (USD). Fundamental factors influencing the GBPUSD pair include interest rate differentials, economic growth, and geopolitical stability. For the GBP, upcoming Construction PMI data is expected to impact market sentiment, with a forecast of 52.5 indicating expansion. For the USD, high-impact Unemployment Claims data, with a forecast...
USDCAD Price Analysis for 05.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USDCAD pair continues to be influenced by a combination of economic data and geopolitical factors. Recent US economic reports, such as strong employment figures and ongoing inflation concerns, are pushing the Federal Reserve towards potential interest rate hikes, thereby strengthening the US Dollar. This, in turn, affects the USDCAD currency trend. Additionally, Canadian economic data and oil prices play significant roles...
Gold price Analysis for 04.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)