USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower low area of the channel.
Japan and India began their first joint fighter jet exercise on Monday near Tokyo as the countries upgraded defense and security ties with an eye on China’s growing military might. Around 150 Indian Air Force personnel are taking part in the exercise at the Hyakuri Air Base.
GOLD Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Hungary’s prime minister said that the European Union’s sanctions on Russia due to the Ukraine war are a mistake and should be ended. Hungary has repeatedly called on Brussels to evaluate the impact of its sanctions on individual member states amid the ongoing energy crisis.
SILVER Analysis
XAGUSD Silver Price is moving in an Ascending triangle pattern and the market has fallen from the resistance area of the pattern.
China abruptly abandoned its “zero COVID” policy in early December, letting the virus run freely through its 1.4 billion population. Nearly 60,000 people with COVID have died in hospitals in the last two weeks, a huge increase from previous figures that the WHO had criticized.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The 53rd edition of the World Economic Forum (WEF) will begin today at Davos in Switzerland. The meeting will continue till 20th January. World leaders are expected to share their insights on the prevalent economic conditions across the globe.
EURUSD Analysis
EURUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The EU’s foreign policy chief Joseph Borrell said in a statement that the execution of a European citizen is an appalling precedent that will be followed closely. Citizens are not happy about the strict policies of the EU, considering that it will further tensions with Iran.
EURAUD Analysis
EURAUD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australian employment growth outpaced every Group of Seven economies in the six months through November, as a survey showed hiring likely remained solid in the final month of last year. The employment growth of 1.7% was stronger than the UK, the US, Germany, and Japan.
GBPNZD Analysis
GBPNZD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Waters around New Zealand’s South Island are as much as 6 degrees Celsius warmer than normal due to climate change, the weather phenomenon La Nina and a series of high-pressure systems. It is going to have significant consequences for an ecosystem that is built or adapted to cold waters.
GBPCAD Analysis
GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
As Canadian inflation slows, the cost of essentials, such as food and rent, offers pointers as to whether it will return sustainably to the Bank of Canada’s 2% target, say economists, as those items are critical drivers of inflation expectations.
CADJPY Analysis
CADJPY is moving in an Ascending channel and the market has reached the higher low area of the channel.
The Canadian government enforced a two-year ban prohibiting certain foreign home buyers from buying houses throughout Canada. This ban does not apply to Canadian citizens, permanent residents living in Canada, refugees, or diplomats.
AUDCHF Analysis
AUDCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Federal Labor has boasted it has overseen the best jobs growth of any new government in 50 years, but chief executives are fearful of finding workers in 2023. 234,000 more people were employed in November than when Labor was elected in May, an increase of 1.7%.
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