AUDUSD Analysis
AUDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Australia saw an unexpected current account deficit in the September quarter. Australia’s current account balance shrank to a negative 2.3 billion Australian dollars in the three months to September 30 from A$18.3 billion in the prior quarter.
Gold Analysis
XAUUSD Gold price is moving in the Ascending channel and the market has rebounded from the higher low area of the channel.
Pakistan said that Russia had decided to export crude oil, gasoline and diesel to the South Asian nation at discounted prices. Pakistan has struggled to meet its LNG supply needs as its gas reserves shrink by as much as 10% a year.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Absences from work in Switzerland reach record-high levels due to mental health issues. In the 18-24 age group, seven out of 10 people unable to work suffer from a mental illness. This is four times higher compared to 25 years ago.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan’s households boosted spending in October for a second straight month despite accelerating inflation and falling real wages. Outlays rose 1.1% from September, led by clothing and entertainment gains. Spending climbed 1.2% from a year ago.
USDCAD Analysis
USDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
Canada’s bid to join the Indo-Pacific Economic Framework has the backing of all current members. The country’s trade minister said Monday, expressing optimism about the prospects of participating in the U.S.-led regional partnership aimed at countering China.
NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
The New Zealand government has said it will pass legislation that would require major online digital companies such as Alphabet Inc’s Google and Meta (Facebook) to pay New Zealand media companies for their local news content.
EURGBP Analysis
EURGBP is moving in the Descending channel and the market has reached the lower high area of the channel.
Today, the EU and the US held the third Ministerial Meeting of the Trade and Technology Council (TTC). Geostrategic challenges, including Russia’s unprovoked war of aggression against Ukraine, have reinforced the importance of close coordination under the TTC.
GBPJPY Analysis
GBPJPY has broken the Descending channel in Upside.
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.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower low 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.
Crude oil Analysis
Crude oil has broken the Descending channel in upside.
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.
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