EURUSD Daily Technical and Fundamental Analysis for 11.07.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
EURGBP H4 Technical and Fundamental Analysis for 11.06.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP news analysis today is impacted by the economic dynamics of both the Eurozone and the United Kingdom. The upcoming news for today includes significant data releases for both currencies. The UK Construction PMI, a key indicator of economic health, is expected to impact the GBP if it diverges from forecasts, with figures above 50 signaling expansion. Meanwhile, the Eurozone is...
EURAUD H4 Daily Technical and Fundamental Analysis for 11.05.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis
The EUR/AUD currency pair tracks the exchange rate between the Euro (EUR) and the Australian Dollar (AUD). On November 5, 2024, attention is centered on economic developments from both regions. For the Australian dollar, traders are eyeing the Reserve Bank of Australia's (RBA) latest interest rate announcement and subsequent policy statement. The market will be looking for any indications of future rate...
EURJPY Daily Technical and Fundamental Analysis for 11.04.2024
Time Zone: GMT +2Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURJPY pair faces a fundamental backdrop characterized by key economic data releases. For the Euro, today's focus will be on several Purchasing Managers' Index (PMI) reports. These PMIs are leading indicators of economic health and can drive volatility if the data significantly diverges from expectations. The higher-than-expected PMI readings would indicate economic expansion, potentially bolstering the Euro, while weaker-than-expected numbers could...
EURUSD Daily Technical and Fundamental Analysis for 10.31.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EURUSD pair faces downward pressure from recent Eurozone data releases, showing a mixed economic picture. Germany’s retail sales disappointed with a -0.7% decline, against expectations of a 1.6% increase, suggesting weaker consumer spending and an economic slowdown. Similarly, German import prices showed a decrease of -0.4%, in line with forecasts but reflecting declining demand. France's CPI was modestly positive at 0.2%,...
AUDUSD Daily Technical and Fundamental Analysis for 10.30.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUDUSD pair is currently influenced by mixed economic data from both Australia and the United States. Recent Australian Consumer Price Index (CPI) data revealed lower-than-expected inflation, with quarterly CPI coming in at 0.3% compared to the previous 1.0%, and the yearly CPI at 2.3% versus the prior 2.7%. This signals a deceleration in inflation, which may reduce the likelihood of further...
USDCAD H4 Technical and Fundamental Analysis for 10.29.2024
Time Zone: UTC (+02:00)Time Frame: 4 Hours (H4)
Fundamental Analysis:
USDCAD, reflecting the exchange rate between the US Dollar and the Canadian Dollar, is poised for significant market movements today as multiple economic indicators for both the US and Canada are released. The US has Trade Balance, Wholesale Inventory, House Price Index, and Consumer Confidence data scheduled, all of which could impact the dollar's strength. A positive shift in Trade Balance or...
EURGBP Daily Technical and Fundamental Analysis for 10.28.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP currency pair, reflecting the exchange rate between the Euro (EUR) and the British Pound (GBP), could experience moderate volatility today due to the release of data from the Confederation of British Industry (CBI) on retail and wholesale sales volume. This index serves as a leading indicator of consumer spending trends in the UK, with values above zero indicating a rise...
USDJPY H4 Technical and Fundamental Analysis for 10.25.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/JPY forex trading pair, often referred to as the "Ninja," is influenced heavily by both U.S. and Japanese economic releases. For today’s USDJPY news analysis, traders are focusing on U.S. Durable Goods Orders and Japanese inflation data, specifically Tokyo's CPI. If U.S. data beats expectations, it may strengthen the USD, pushing USD/JPY prices higher, while a stronger-than-forecast CPI in Japan could...
GBP/USD H4 Daily Technical and Fundamental Analysis for 10.24.2024
Time Zone: UTC (+03:00)Time Frame: 4 Hours (H4)