USDJPY Price Technical and Fundamental Analysis for 13.6.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
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)
Fundamental Analysis:
Gold, also known as XAU/USD, continues to be influenced by a mix of economic data and geopolitical factors. Recent data from the United States, including robust employment figures and persisting inflation concerns, has kept the Federal Reserve on a path of potential interest rate hikes, strengthening the US Dollar and exerting downward pressure on gold. Furthermore, geopolitical uncertainties, particularly in Europe and...
EUR/USD Technical Analysis for 3.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD currency pair is influenced by various economic data releases today. Key among these is the Eurozone Retail Sales report, which is expected to show a 0.3% increase. A higher-than-expected result would be positive for the Euro. Additionally, other data such as German Factory Orders, Eurozone GDP, and various CPI figures will be released, though these are expected to have a...
EURJPY Daily Technical and Fundamental Analysis for 31.05.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)