USDCAD H4 Technical and Fundamental Analysis for 10.23.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
GBPCAD H4 Technical and Fundamental Analysis for 10.22.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The GBP/CAD news analysis today is influenced by various fundamental factors, including news from both Canada and the United Kingdom. In Canada, the Industrial Product Price Index (IPPI) and the Raw Materials Price Index (RMPI) were released, showing declines of -0.4% and -1.7%, respectively. Although these results were better than their previous values, they indicate ongoing weakness in inflationary pressure, which could...
EURUSD H4 Technical and Fundamental Analysis for 10.21.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/USD news analysis today is influenced by various fundamental factors, including news from both the Eurozone and the United States. In the Eurozone, the Producer Price Index (PPI) released by Destatis remains a key indicator as it signals potential inflationary pressures. An actual result above the forecast would support the Euro; however, the release is still pending. Simultaneously, ongoing IMF meetings...
GBPUSD H4 Technical and Fundamental Analysis for 18.10.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis
The GBP/USD pair is influenced today by key economic indicators from both the UK and the US. In the UK, the latest retail sales figures from the Office for National Statistics will be closely watched. Retail sales are a primary indicator of consumer spending and economic health; a better-than-expected result could boost the GBP currency. In the US, data from the Treasury...
AUDUSD H4 Technical and Fundamental Analysis for 10.17.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The AUD/USD news analysis today is influenced by a variety of economic factors from both Australia and the United States. Recently, Australia's employment data and unemployment rate have been pivotal in shaping the Australian dollar's strength. A better-than-expected increase in job creation typically bolsters the AUD, as it signals a healthy economy and boosts consumer spending. On the other hand, the US...
EURGBP H4 Technical and Fundamental Analysis for 10.16.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The EUR/GBP news analysis today is as always influenced by the macroeconomic landscapes of both the Eurozone and the United Kingdom, reflecting the latest economic developments. On the GBP side, upcoming UK inflation data, particularly the Consumer Price Index (CPI) due on November 20, 2024, remains a crucial driver. Higher-than-expected inflation readings could push the Bank of England towards further monetary tightening,...
NZDUSD Daily Technical and Fundamental Analysis for 10.15.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The NZDUSD pair reflects the exchange rate between the New Zealand Dollar and the US Dollar. The New Zealand Dollar has been under pressure recently, driven by concerns around slowing economic growth in New Zealand and ongoing global uncertainties. Traders are awaiting potential signals from the Reserve Bank of New Zealand (RBNZ) regarding future interest rate policy, with inflation remaining a key...
BTCUSD Daily Technical and Fundamental Analysis for 10.14.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The BTC/USD pair represents the exchange rate between Bitcoin and the US Dollar. Today, market liquidity for BTC USD may be lower due to the Columbus Day holiday in the US, which typically results in less market activity. This could lead to irregular volatility in the cryptocurrency markets, especially with the absence of major institutional traders. However, volatility may pick up later...
USDCAD Daily Technical and Fundamental Analysis for 10.11.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today, several key factors influence the USD/CAD pair. U.S. data includes the Producer Price Index (PPI), which is a critical indicator of inflation at the producer level. A higher-than-expected PPI result would likely strengthen the U.S. Dollar, reinforcing expectations for a hawkish Federal Reserve stance. In addition, speeches by Federal Reserve members such as Austan Goolsbee and Michelle Bowman may provide further...
USDJPY H4 Technical and Fundamental Analysis for 10.10.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)