Forex News

GBPCAD Daily Chart Analysis for 24.05.2024

Alfred Leon2024-05-24T01:28:53+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4)

 

Fundamental Analysis:

The GBP/CAD currency pair reflects the exchange rate between the British Pound and the Canadian Dollar. Fundamental drivers include economic indicators such as consumer confidence, retail sales, and corporate profits. Today, low-impact data from the UK shows GfK Consumer Confidence better than forecasted, which is positive for GBP currency. However, high-impact retail sales data is expected, which could provide significant market movement....

AUD/NZD daily chart analysis for 23.05.2024

Alfred Leon2024-05-23T01:19:46+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The AUD NZD price analysis reflects dynamics influenced significantly by economic releases and central bank communications from both Australia and New Zealand. Recently, the economic indicators show a mixed but potent impact on the currencies. Notably, the RBNZ Governor's speech and unexpected retail sales data from New Zealand have provided support to the NZD, suggesting a potentially hawkish monetary stance. Meanwhile, Australia's...

USDSEK Analysis for 22.05.2024

Monica Perez2024-05-22T01:40:33+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4)

Fundamental Analysis:

The USD/SEK pair is influenced by economic factors such as interest rate decisions by the Federal Reserve and the Riksbank, as well as broader economic indicators from the United States and Sweden. Recently, the Federal Reserve's cautious stance on interest rate hikes has created uncertainty in the market, impacting the USD. Meanwhile, Sweden's economic performance has been robust, with recent data showing...

GBPAUD analysis for 21.05.2024

Alfred Leon2024-05-21T05:10:45+00:00

Time Zone: GMT +3Time Frame: 4 Hours (H4)

 

Fundamental Analysis:

The GBP/AUD price is influenced by various economic factors, including interest rate differentials between the Bank of England and the Reserve Bank of Australia, economic indicators, and geopolitical events. Today, Bank of England Governor Bailey is scheduled to speak, which could provide insights into the future monetary policy stance of the UK, potentially impacting the GBP. Traders will be attentive to any...

USDCAD technical analysis for 20.05.2024

Alfred Leon2024-05-20T02:24:38+00:00

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

Alfred Leon2024-05-17T02:19:11+00:00

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

Alfred Leon2024-05-16T02:59:55+00:00

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

Alfred Leon2024-05-15T10:17:50+00:00

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

Alfred Leon2024-05-14T08:00:42+00:00

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

Alfred Leon2024-05-13T01:58:37+00:00

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...