USDCAD H4 Technical and Fundamental Analysis for 09.20.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
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)
Fundamental Analysis:
Today, the EUR/USD forex pair is influenced by key economic data releases from both the Eurozone and the US. The Consumer Price Index (CPI) data from INSEE and the industrial production data from Eurostat are likely to set the tone for the Euro, reflecting the inflation rate and manufacturing output within the region. On the US side, the Import Price Index and...
USDCAD H4 Technical and Fundamental Analysis for 09.12.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
The USD/CAD forex pair represents the exchange rate between the U.S. dollar and the Canadian dollar, with both economies being heavily influenced by commodity prices, particularly oil. Recently, the U.S. dollar has experienced some fluctuations due to upcoming U.S. economic reports, such as unemployment claims and the Producer Price Index (PPI), both of which are crucial for gauging inflation and labor market...
NZDUSD H4 Technical and Fundamental Analysis for 09.11.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Upcoming economic data releases from both the U.S. and New Zealand will play a crucial role in determining the future direction of the NZD/USD pair. On the U.S. side, the most anticipated releases include the Core CPI m/m, which is expected to remain steady at 0.2%, and the overall CPI y/y, expected to dip slightly from 2.9% to 2.5%. These inflation figures...
GBPAUD H4 Technical and Fundamental Analysis for 09.10.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)
Fundamental Analysis:
Upcoming economic data releases from both the UK and Australia will play a crucial role in predicting the direction of the GBP/AUD pair. Key releases for the GBP currency include Claimant Count Change, Average Earnings Index 3m/y, and the Unemployment Rate. The Claimant Count Change is expected to show an improvement from 135K to 95.5K, suggesting a slight improvement in the UK...
EURUSD H4 Technical and Fundamental Analysis for 09.09.2024
Time Zone: GMT +3Time Frame: 4 Hours (H4)