XAUUSD Analysis
XAUUSD Gold Price has broken the Descending channel in Upside.
The Kremlin keeps a tight grip on the country’s media, especially TV, which glorifies Russia’s invasion of Ukraine as a mission of liberation and dismisses the idea that what Russia is doing is essentially inhumane and a result of unfair military circumstances.
XAGUSD Analysis
XAGUSD Silver price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Russia has turned energy supply into an economic weapon. The strategy is obvious in Ukraine, where Russian drones and missiles are bombing power plants. They want to ensure that other countries won’t be able to produce energy nor get its supply from Russia.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
To revive chipmaking, Japan’s government has offered financial aid to encourage foreign chip makers to build plants in Japan. Japan has seen that this industry is currently facing a shortage of chips all around the world. Therefore, they are taking advantage of the situation.
USDCHF Analysis
USDCHF has broken the Ascending channel in Downside.
The UK and Switzerland have announced an agreement to deepen their research and innovation relationship, with a focus on deep science and deep tech. This research agreement is aimed at potentially helping with the climate change crisis through innovative means.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
Today, the Commission and the High Representative put forward a Joint Communication on an EU Cyber Defence policy and an Action Plan on Military Mobility. These plans come in response to the several cyber security threats that the region has been facing lately.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
South Korea’s justice minister will make final call on extradition of woman to New Zealand to face murder charges over children’s bodies found in suitcases. The public has mixed reactions. Some are happy with the decision and others wished more was done to the murderer.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
The Bank of England has forecast a very challenging two-year recession. A recession has been widely expected in the UK due to the prices of goods such as food, utility, and other household expenses facing a sharp increase every day which is causing the public to suffer.
GBPCHF Analysis
GBPCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Joe and Irina Place said they faced paying £1,500 a month in England, compared to £500 in western Ukraine. These prices are out of their budget and is causing them to blow through their saving just to have a roof over their heads. Therefore, they made the decision to leave.
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australian Prime Minister Anthony Albanese has said he intends to ask Chinese President Xi Jinping to drop trade restrictions on billions of dollars of goods that they can no longer export to the super power. This comes after Australia refused new trade agreements with the country.
AUDNZD Analysis
AUDNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
The number of active COVID cases has exploded across the country as Australia enters its fourth wave. This is prompting renewed warnings to protect vulnerable aged residents of the country from facing hospitalization due to the deadly infection.
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