AUDUSD Analysis
AUDUSD is moving in an ascending channel and the market has reached the higher high area of the channel.
Australia’s center-left Labor government is celebrating the passage of its signature industrial relations legislation on the last sitting day of Parliament for 2022. They are wrapping up a busy six months in power for the new Prime Minister Anthony Albanese.
Gold Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has reached the higher high area of the channel.
US President Joe Biden has said he would be ready to meet Russia’s Vladimir Putin if there is an interest in him deciding that he’s looking for a way to end the war. French president revealed that since Putin has not agreed to meet Biden, it seems like he doesn’t want to end the war.
Silver Analysis
XAGUSD Silver price is moving in an ascending channel and the market has reached the higher low area of the channel.
The head of the IMF has warned Asia’s leaders and central bankers to brace for exceptional uncertainty. This comes as China’s zero-COVID policy hurts its economy, and inflationary pressures from Russia’s invasion of Ukraine hit the region.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Switzerland has frozen Russian financial assets worth 7.5 billion Swiss francs. It clarified that Russians who also hold citizenship or residence permits for Switzerland or any EU state are exempt from the ban on depositing new funds or carrying out any other transactions.
NZDUSD Analysis
NZDUSD is moving in an ascending channel and the market has reached the higher high area of the channel.
New Zealand’s total trade deficit increased in the September 2022 quarter to 7.5 billion New Zealand dollars, driven by increases in import prices. Imports of oil and petroleum products have been driving the increase in goods imports over the past 12 months.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
China has accused a committee of British legislators visiting Taiwan of gross interference in its internal affairs and warned that it could be met with forceful responses. China urges the UK to stop the violation of their one-China principle and stop interfering in China’s internal affairs.
GBPCAD Analysis
GBPCAD is moving in an ascending channel and the market has reached the higher high area of the channel.
The Canadian government has been accused of putting its domestic timber industry ahead of the global environment. This comes following a leaked attempt to water down the world’s most ambitious regulations on deforestation-free trade weeks before a UN conference.
EURAUD Analysis
EURAUD has broken the Descending channel in Upside.
China is quickly becoming a big enemy to many nations. The US has already publicly acknowledged the rivalry between the two countries. They are now urging the EU to take a stand against China as well. However, the EU cannot afford another war after Ukraine.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has reached the lower low area of the channel.
Japan, Britain, and Italy will announce a groundbreaking agreement as early as next week to jointly develop a new advanced jet fighter. This agreement will provide Japan with new security partners that can help it counter neighboring China’s growing military power.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
Ottawa has formally raised concerns about three alleged Chinese outposts conducting policing operations on Canadian soil. Beijing has denied accusations it is conducting policing operations on foreign soil, and they believe this is just a stunt to soil its reputation.
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