EURUSD H4 Technical and Fundamental Analysis for 21.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
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)
Fundamental Analysis:
The GBPCAD currency pair represents the exchange rate between the British Pound (GBP) and the Canadian Dollar (CAD). Today, the GBP might experience fluctuations due to upcoming economic data releases, such as the UK's retail sales figures, which can provide insight into consumer spending and economic health. Meanwhile, the CAD is likely to be influenced by the release of Canadian inflation data,...
AUDUSD H4 Technical and Fundamental Analysis for 15.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD news analysis today is influenced by several key fundamental factors, these economic data are released from both Australia and the United States, most of the time leading to increased volatility in the pair commonly known as the “Aussie”. Australia's economic health, particularly in areas such as employment, inflation, and consumer spending, plays a crucial role in determining the strength of...
GBPUSD H4 Technical and Fundamental Analysis for 14.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD forecast today is shaped by ongoing developments in the UK and US economies. In the UK, recent data has shown a slight increase in the unemployment rate, which could suggest a cooling labor market, while inflation remains elevated, keeping the Bank of England on alert for further rate hikes. In the US, economic indicators like the Consumer Price Index (CPI)...
GBP/AUD H4 Technical and Fundamental Analysis for 13.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/AUD forecast today is influenced by a mix of economic indicators from both the UK and Australia that paint a complex picture of the potential market directions. The UK sees a decrease in Claimant Count Change and a slight uptick in the Unemployment Rate, combined with a reduction in the Average Earnings Index. In contrast, Australia's economic indicators such as the...
EURUSD H4 Technical and Fundamental Analysis for 12.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD news analysis today is influenced by a combination of Eurozone and U.S. economic factors. Recently, the U.S. Treasury released its Monthly Treasury Statement, indicating a difference in the federal government's income and spending, which could potentially impact the U.S. Dollar depending on whether the deficit is larger or smaller than expected. Additionally, the Federal Reserve Bank of Cleveland's inflation expectations...
USDCAD H4 Technical and Fundamental Analysis for 09.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USDCAD currency pair is influenced today by significant economic data releases from Canada. The Canadian Employment Change report shows an increase of 26.9K jobs, which is higher than anticipated, signaling a strengthening labor market. Concurrently, the Canadian Unemployment Rate is reported at 6.5%. These figures indicate a robust economic environment in Canada, which could bolster the CAD against the USD. Traders...
NZDUSD H4 Technical and Fundamental Analysis for 08.08.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)