GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
UK hopes that controversial Brexit checks on goods crossing the Irish sea can be eliminated have risen after early analysis of government data showed that at least 85% of goods arriving in Northern Ireland from Great Britain stay in factories or shops in the region.
Gold Analysis
XAUUSD Gold price is moving in the Rising wedge pattern and the market has rebounded from the higher low area of the pattern.
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.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has fallen from the lower high 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.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has fallen from 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.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Some European officials are trying to calm fears of a trade war over a recently passed US climate-subsidy law. Amid talk of a breakthrough with the US, Commission President Ursula von der Leyen yesterday pushed for the bloc to change rules and consider green transition funding.
EURNZD Analysis
EURNZD has broken the Descending channel in Upside.
As the COVID pandemic took hold, online shopping rates surged by 129% week on week in the UK and Europe. This can be mainly blamed on the recent Black Friday sale which saw a major increase in customers entering the stores to get the best bargains and deals.
CHFJPY Analysis
CHFJPY is moving in the Descending triangle pattern and the market has reached the horizontal support area of the pattern.
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.
AUDNZD Analysis
AUDNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
The recently revised joint declaration on security cooperation between Japan and Australia has covered several aspects, including military, cyber security, and intelligence among others. This change is fundamentally driven by China’s expansionist behavior and its assertiveness.
CADJPY Analysis
CADJPY is moving in the Descending channel and the market has fallen from the lower 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.
Crude oil Analysis
Crude oil Price is moving in the Descending channel and the market has reached the lower high 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.
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