Crude Oil Analysis
Crude Oil price is moving in an Ascending channel and the market has reached the higher high area of the channel.
Even though real estate is meant to be one of the safest assets to invest in since it almost certainly increased in value, this has not been the case for China. Chinese properties are now facing depreciating due to falling market demands as a result of the pandemic and inflation.
XAUUSD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the Lower high area of the channel.
One of the main things coming from this war between Russia and Ukraine is that Russia is now deepening ties with many countries who are considered dangerous. Including these countries is North Korea who are unreliable when it comes to the safety of the world.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
Japan’s prime minister recently revealed at a conference that their main priority right now is strengthening and preparing themselves for the potential of a war against China. This comes after China fired some ballistic missiles into Japan’s economy.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
A recent report of Switzerland’s unemployment rate revealed that their unemployment is now down to 1.9%. This is slightly lower than the expected 2%. This report reveals that the Swiss job market is steady and that the registered unemployed people are in safe hands.
EURUSD Analysis
EURUSD has broken the Descending channel in upside.
Earlier today, there was a conference call held between the president of the EU and the president of Ukraine. These individual leaders had the meeting to discuss what each of them could possibly do to make the war situation at ease and overthrow Russia.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The trade minister of the UK was recently found to have a conference with Taiwan officials to discuss the potential of trade between the two countries. This comes in defiance of orders from China who are not happy that the UK is dealing with their enemy during a war.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
In this day and age, there is a lot of inflation everywhere, including New Zealand. Despite this, New Zealand banks were found to be making huge amounts of profit in these difficult times. Prime minister Arden is now questioning where these profits were able to come from.
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
Crypto mining is one of the many processes that take up a lot of energy. Since so much energy is consumed during this process and there is currently an energy shortage around the world, the EU is looking towards banning crypto mining in order to preserve more energy for winter.
CADJPY Analysis
CADJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
In a surprising turn of events, New Zealand has accused Canada of locking them out of their trade agreement where they were to supply dairy products to the island nation. Canada is yet to comment on the matter but it is unclear what would’ve caused this situation.
CADCHF Analysis
CADCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Recently we talked about how international students in Canada can now work full time due to labor shortages. These students have come out revealing that Canada is exploiting them for cheap labor by not paying them enough wages to survive in the country.
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