USDCAD H4 Technical and Fundamental Analysis for 12.06.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
GBPUSD H4 Technical and Fundamental Analysis for 12.05.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The British Pound (GBP) and US Dollar (USD) are both influenced by key economic data releases today. For GBP, the highlight is the upcoming release of the UK Purchasing Managers' Index (PMI) for the construction sector. A result above 50.0 will signal economic expansion and likely support a stronger GBP. Additionally, external member of the Bank of England’s (BOE) Monetary Policy Committee,...
AUDUSD H4 Technical and Fundamental Analysis for 12.04.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD news analysis today shows the Australian Dollar (AUD) continues to be influenced by key economic data releases, particularly from China, its largest trading partner, as well as the global economic outlook. The USD is influenced by key macroeconomic events, including the release of US employment data and speeches from Federal Reserve officials. The Automatic Data Processing (ADP) report on US...
USDCHF H4 Technical and Fundamental Analysis for 12.03.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CHF currency pair is set to experience significant movements today influenced by key economic indicators. The United States will release the JOLTS Job Openings at 3:00 PM, with expectations slightly higher at 7.49M compared to the previous 7.44M. An increase in job openings typically signals a strengthening labor market, potentially boosting the USD. Concurrently, Switzerland will publish its Consumer Price Index...
EURUSD H4 Technical and Fundamental Daily Analysis for 12.02.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURUSD pair, reflecting the exchange rate between the Euro and the US Dollar, remains a focus for traders due to upcoming high-impact economic data from both regions. For the Eurozone, recent PMI data reflects contraction in the manufacturing sector, raising concerns about economic stagnation. Unemployment reports from Eurostat provide mixed signals, highlighting limited growth in labor market conditions. For the US...
EURGBP H4 Technical and Fundamental Analysis for 11.29.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP fundamental forecast today is influenced by economic indicators from both the Eurozone and the UK. Recently, the Eurozone has seen mixed economic data, with key indicators such as retail sales and consumer price inflation showing moderate growth. For the British pound, ongoing concerns about inflation and the Bank of England's monetary policy decisions remain central to its performance. Market participants...
USDCAD H4 Technical and Fundamental Analysis for 11.28.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD pair is experiencing a period of low liquidity as US banks are closed today in observance of Thanksgiving Day. This can lead to irregular volatility and decreased market activity, making price movements more susceptible to speculation. While the USD typically shows weaker momentum due to the bank holiday, the CAD may be influenced by Canada's economic data. Today's CAD news...
AUDUSD H4 Technical and Fundamental Analysis for 11.27.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD news analysis today suggests the pair is under pressure as it navigates through mixed fundamental signals from both the Australian and U.S. economies. On the Australian side, the recent focus has been on inflation and construction data. The Australian Bureau of Statistics has highlighted that the next Consumer Price Index (CPI) release, due in early January, will be critical in...
NZDUSD Daily Technical and Fundamental Analysis for 11.26.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The NZD/USD forex pair, reflecting the exchange rate between the New Zealand Dollar (NZD) and the US Dollar (USD), has been under pressure recently. Today’s USD economic events include housing price indices and consumer confidence data, which could influence market sentiment. Positive readings from these reports might strengthen the USD, exerting additional downward pressure on the pair. Conversely, New Zealand’s economic data...
EURCAD Daily Technical and Fundamental Analysis for 11.25.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)