USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
In a bunker in mountainous eastern Switzerland, nearly 100 Leopard 2 tanks have been mothballed for almost a decade, destined for decommissioning in the belief that armored warfare in Europe was a thing of the past. Their re-emergence into the public eye last weekend, following the announcement that Germany and other European states would send their tanks to Ukraine to defend against Russian attacks, has intensified a debate in the capital Bern about how and when the famously-neutral country can step up its own aid.
GOLD Analysis
XAUUSD Gold price has broken the Ascending channel in Downside and retested the broken area of the channel.
Two major earthquakes – measuring 7.8 and 7.5 on the magnitude scale – flattened buildings of all kinds and killed thousands of people across southern Turkey and northern Syria. But the fact that even some of the newest apartment blocks crumbled to dust has led to urgent questions about building safety standards. Modern construction techniques should mean buildings can withstand quakes of this magnitude. And regulations following previous disasters in the country were supposed to ensure these protections were built in.
SILVER Analysis
XAGUSD Silver Price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Russia’s large-scale invasion of Ukraine launched a year ago, changed Europe overnight. It has set in motion tectonic shifts in political and economic relations, disrupting energy markets and upending existing supply chains. It has challenged the very core of the post-World War II European project: peace. The brutal attack on Ukraine has been particularly unsettling for Eastern Europe, which has relatively recent memories of Russian hostility and occupation.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Nationals of third countries who are permitted to enter the Schengen Area visa-free or with a short-term visa will soon no longer have their passports stamped as information on the entry and exit to the bloc will be automatically recorded through a new automated system – the Entry/Exit System. The same also aims to modernize some other current procedures that travelers from third countries have to follow when reaching the bloc, thus enabling travelers to cross borders more quickly.
EURCHF Analysis
EURCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Due to capacity constraints, Switzerland could not send a rescue team to Syria, as it had already sent one to Turkey. Still, it will send experts this week to assess the country’s humanitarian needs. Earlier in the day, the Swiss foreign ministry issued a statement saying that a team of experts would be sent to Syria at the end of the week to assess humanitarian needs. Turkey and Syria were rattled on Monday by at least three major earthquakes and dozens of aftershocks that killed more than 10,000 people and collapsed thousands of homes.
GBPJPY Analysis
GBPJPY is moving in an Ascending triangle pattern and the market has reached the higher low area of the pattern.
The UK government has paid £2.3bn to the EU as part of a long-standing dispute over textiles and footwear imported into the UK from China. The final payment of £1.1bn, made this week, brings the case to a close. The chief secretary to the Treasury, John Glen, confirmed the payment in a written statement to the Commons. The UK made a payment of more than £600m in June 2022, with another payment of £620m on 13 January this year.
GBPNZD Analysis
GBPNZD is moving in a Descending channel and the market has reached the lower high area of the channel.
The UK avoided entering a recession at the end of last year by the narrowest of margins, official figures have revealed, after economic growth flatlined in the final three months of 2022. A decline in the gross domestic product (GDP) of 0.5% in December was offset by increases in the two previous months leaving the economy performing at roughly the same level as the previous quarter. However, the economy remains 0.8% below its pre-pandemic peak in 2019, in contrast to the US, which has experienced growth of 5.1% over the same period, a 2.4% improvement among the 19 members of the eurozone.
GBPCHF Analysis
GBPCHF is moving in the Descending triangle pattern and the market has rebounded from the horizontal support area of the pattern.
The UK’s withdrawal from Afghanistan was “a dark chapter” for the UK, senior Conservative Tobias Ellwood has said. The Defense Committee, led by Mr. Ellwood, is urging the government to hold an honest inquiry into the UK’s departure from Afghanistan, which led to the return of the Taliban to power. The MPs’ report warns that the country is again becoming a haven for terrorists. They also say thousands of people eligible for evacuation to the UK are still living at risk in Afghanistan.
AUDCAD Analysis
AUDCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Australia’s foreign ministry has followed the lead of the country’s defense ministry, deciding to remove all Chinese-made surveillance cameras from its facilities following reports that the technology posed a security risk. The United States has already banned a number of Chinese vendors and surveillance products, and the United Kingdom in November informed government departments to cease installing Chinese-linked surveillance cameras at sensitive buildings, citing security risks.
AUDCHF Analysis
AUDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
The Foreign Minister of Bangladesh is pressing Australia to take more Rohingyas languishing in camps as officials from across the region gather in Adelaide to discuss people smuggling and the growing number of refugees dying at sea. Human rights groups are demanding that officials and politicians kickstart a new regional response to the latest wave of Rohingya refugees. Almost 350 people died or went missing at sea in 2022 while fleeing civil conflict in Myanmar or refugee camps across the border in Bangladesh.
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