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 superpower. This comes after Australia refused new trade agreements with the country.
Gold Analysis
XAUUSD Gold price has broken the Descending channel in Upside.
During the presidential visit, President Putin expressed Russia’s appreciation for the UAE’s efforts in playing a key role in the prisoner exchanges between the two countries. It seems like these two countries are unexpectedly building strong ties with each other.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Switzerland is experiencing medicine shortages due to supply chain issues linked to COVID lockdowns in China and war in Europe. Pharmacies in the nation are struggling to keep up with the demands of the public in light of these issues.
EURGBP Analysis
EURGBP is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Record numbers of people are moving to the UK even as the pro-Brexit government promises to crack down on immigration. Roughly 50,000 EU citizens left their safety net in the EU to move to the UK this year. This is a surprising number considering Brexit.
EURNZD Analysis
EURNZD is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
The European Commission is likely to recommend that billions of euros of EU money be withheld from Hungary, judging that Budapest has failed to deliver the reforms necessary to ensure such funds are protected from corruption.
GBPJPY Analysis
GBPJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The government of Japan is planning to extend its nationwide travel discount program, which was originally set to end in late December. This is anticipated to be a result of the fact that they weren’t able to get enough tourists into the country as they originally had hoped.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
The British government on Thursday told its departments to stop installing Chinese-linked surveillance cameras at sensitive buildings. This comes after they believe that the Chinese government is spying on them following their plan to start a war with Japan and Taiwan.
CADCHF Analysis
CADCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Switzerland has been accused by border control agents in the EU for allowing migrants to exist the country into other EU states without the necessary documentation. This is especially the case of migrants coming from Austria who are able to travel to other regions now.
Crude oil Analysis
Crude oil 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.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Onions are one of New Zealand’s largest vegetable export earners. About 90% of the onions grown in New Zealand are exported. However, as a result of climate change and global warming, this vegetable is now in short supply in the country.
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