USDCAD H4 Daily Technical and Fundamental Analysis for 09.27.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
EURUSD H4 Technical and Fundamental Analysis for 09.26.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD fundamental outlook today is influenced by both the Eurozone's economic factors and the strength of the US dollar. Recently, several key developments in both economies have affected this pair that’s also known as the “Fiber”. The US dollar has seen strength due to hawkish comments from Federal Reserve officials like Governor Adriana Kugler, signaling potential rate hikes. Additionally, economic data...
AUDUSD H4 Technical and Fundamental Analysis for 09.24.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD pair is currently influenced by critical economic events. Earlier today, the Reserve Bank of Australia (RBA) maintained its cash rate at 4.35%, which was anticipated by the market, accompanied by the RBA Rate Statement and subsequent Press Conference. These factors are crucial in shaping the Australian dollar's direction against United States’ Dollar. The RBA’s stance was seen as relatively neutral,...
GBPUSD H4 Technical and Fundamental Analysis for 09.23.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD news analysis today shows that it continues to experience volatility amid global economic uncertainties. Recent PMI data releases from the UK show manufacturing sector contraction, as indicated by S&P Global’s latest surveys, with figures below 50, signaling economic slowdown. This data puts pressure on the British Pound, particularly as concerns about the UK's economic resilience persist. Meanwhile, for the USD,...
USDCAD H4 Technical and Fundamental Analysis for 09.20.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD forex pair is influenced today by key fundamental events from both the U.S. and Canada. In the U.S., the market anticipates remarks from Federal Reserve Bank of Philadelphia President Patrick Harker at Tulane University. Traders will be watching for any hawkish signals regarding future monetary policy, which could strengthen the USD. On the Canadian side, Bank of Canada Governor Tiff...
GBPAUD H4 Technical and Fundamental Analysis for 09.19.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBPAUD pair represents the British Pound (GBP) against the Australian Dollar (AUD), both of which are influenced by central bank policies and global economic conditions. Today, the GBP faces significant news with the release of the Bank of England's Monetary Policy Summary and voting breakdown, which could provide insight into the central bank's stance on interest rates. Hawkish sentiments from the...
AUDUSD H4 Technical and Fundamental Analysis for 09.18.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Upcoming economic data releases from the US and Australia are significant for understanding potential movements in the AUD/USD pair. From the US, the focus is on the Federal Funds Rate, which is expected to increase from 5.25% to 5.50%. Such a hike could strengthen the USD as higher interest rates usually attract foreign capital. Additionally, the FOMC Economic Projections and Statement will...
NZD/USD H4 Technical and Fundamental Analysis for 09.17.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today's NZD/USD performance is expected to be influenced by both US and New Zealand economic data. On the US side, several key reports, such as Retail Sales and Factory Output, are scheduled. Strong retail sales data could reinforce expectations of higher US interest rates, boosting the USD. Conversely, weak sales data might support a dovish outlook for the Federal Reserve. The Federal...
GBPUSD H4 Technical and Fundamental Analysis for 09.16.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/USD pair is facing mixed market conditions today as the U.S. dollar is influenced by the release of the New York Manufacturing Index, which serves as a leading indicator of U.S. economic health. A higher-than-forecast reading would likely support the U.S. dollar. Meanwhile, in the UK, the Rightmove House Price Index (HPI) is in focus, which measures the change in asking...
EUR/USD H4 Technical and Fundamental Analysis for 09.13.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)