GBPAUD analysis for 21.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
USDCAD technical analysis for 20.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD price is influenced by various economic factors, including interest rate differentials between the Federal Reserve and the Bank of Canada, economic indicators such as GDP growth rates, and commodity prices, particularly oil, which is a major export for Canada. Today, the US has several FOMC members speaking, which might provide subtle hints about future monetary policy, potentially impacting the USD....
EURNZD Analysis for 17.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURNZD pair reflects the exchange rate between the Euro and the New Zealand Dollar. Recent economic data from New Zealand shows the PPI Input at 0.7%, slightly above the forecast of 0.6%, and PPI Output at 0.9%, significantly above the forecast of 0.5%. These figures indicate stronger-than-expected producer prices, supporting the NZD currency. For the Euro currency, the Final Core CPI...
USDJPY daily chart analysis for 16.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD-JPY chart analysis is influenced by economic indicators from both the U.S. and Japan. Recent Japanese economic data shows a contraction in GDP with the Preliminary GDP q/q at -0.5% versus the forecast of -0.3%. This indicates weaker economic activity, which generally weakens the JPY. Additionally, the GDP Price Index came in higher than expected at 3.6%, suggesting rising inflation which...
GBPUSD Price Analysis for 15.5.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The recent news includes key economic indicators from both the UK and the US that could significantly affect the GBP/USD exchange rate. The US economic data analysis shows mixed signals with a steady Consumer Price Index (CPI) but a decline in the Empire State Manufacturing Index, suggesting potential vulnerabilities in the manufacturing sector. On the other hand, the UK data presents a...
USD/CAD Technical Analysis for 14.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USDCAD pair could experience volatility due to a mix of upcoming economic data and news from both the US and Canada. For Canada, the Wholesale Sales report might slightly impact the CAD if results are better than expected, hinting at potential consumer spending increases. On the US side, high-impact news like the Core PPI and speeches from Fed Chair Jerome Powell...
USDCHF daily chart analysis for 13.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
For USD/CHF forecast today, upcoming economic events for both the U.S. and Switzerland could impact the currency pair significantly. In Switzerland, the SECO Consumer Climate index and the SNB Chairman's speech may provide insights into the economic sentiments and monetary policy expectations, respectively. A more hawkish stance from the SNB could strengthen the CHF. In the U.S., speeches by FOMC members, including...
EUR/USD technical analysis for 10.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR USD pair forecast is poised for potential volatility with upcoming economic releases. The Italian Industrial Production month-over-month, expected at 0.3%, could strengthen the EUR if results exceed forecasts, signaling economic robustness. Conversely, the ECB Monetary Policy Meeting Accounts will provide deeper insights into the eurozone's economic conditions and future monetary policy, where a more hawkish stance is typically supportive of...
GBP/NZD Technical Analysis for 09.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/NZD analysis reflects the dynamic between the British Pound and the New Zealand Dollar. Today, key economic indicators such as the Official Bank Rate and speeches by BOE Governor Bailey may significantly influence GBP. The Bank Rate has aligned with forecasts in recent months, stabilizing expectations, but any deviation today could sway GBP value. The MPC's unanimous vote projection suggests a...
USD/CAD Technical Analysis for 08.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)