USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower low area of the channel.
Japanese financial authorities stayed out of the foreign exchange market in November. This decision comes after the yen made gains amid growing expectations that the Federal Reserve will moderate its pace of interest rate hikes due to slowing inflation in the country.
Gold Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher high area of the channel.
Russia’s foreign minister has accused the United States and NATO of being directly involved in the war in Ukraine and said Moscow is ready to listen to suggestions for a negotiated solution to the conflict, but had never asked for negotiations. Nations are in hot waters at the moment.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Switzerland has frozen financial assets worth 7.5 billion Swiss francs under sanctions against Russians to punish Moscow for its invasion of Ukraine. They also revealed that they have blocked 15 properties in six cantons as a result of the war crimes in Ukraine.
EURNZD Analysis
EURNZD is moving in the Descending channel and the market has reached the lower low area of the channel.
New Zealand home values suffered their biggest annual drop in more than 13 years in November, falling 2.9 percent from a year earlier, while Australia’s fell 3.2 percent. Annual house-price turned negative in October following monthly declines for most of this year.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Bank of Canada has raised rates by 350 basis points this year to tame inflation. While investors expect the pace to slow in 2023, borrowing costs are expected to stay higher for longer. That could slow so far resilient credit growth according to top analysts.
GBPAUD Analysis
GBPAUD is moving in the Descending channel and the market has reached the lower high area of the channel.
Brexit added almost £6bn to UK food bills in the two years to the end of 2021, affecting the poorest households the most. The cost of food imported from the EU shot up because of extra red tape, adding £210 to the average household food bills over 2020 and 2021.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
OEUK’s annual Workforce Insight report shows that retaining and recruiting the best people is critical to securing the country’s energy supply. The report will enable OEUK to work with industry and government to develop a new action plan for skills.
GBPCAD Analysis
GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The UK Government signed a Memorandum of Understanding with Thailand that aims to strengthen the strategic partnership between the two parties and support Thailand’s efforts to improve financial inclusion and promote sustainable growth goals in the country.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Prime Minister Justin Trudeau says $500 million in five-year bonds issued by Canada to support the Ukrainian government have been fully subscribed. Money raised from the bonds is expected to be channeled as a loan through the IMF to Ukraine so it can continue basic operations.
Crude Oil Analysis
Crude has broken the Descending channel in upside.
President Xi noted that President Michel’s visit to China on behalf of the EU represents the EU’s goodwill in furthering relations with China. China and the EU are two major forces upholding world peace and two big markets promoting shared development goals.
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