USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs for the 2022 financial year. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18% of Switzerland’s projected GDP of 744.5 billion Swiss francs.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel.
Russia and Belarus began joint military exercises, triggering fears in Kyiv and the West that Moscow could use its ally to launch a new ground offensive in Ukraine. Russia had used its neighbor Belarus as a springboard for its invasion of Ukraine since last February.
SILVER Analysis
XAGUSD Silver Price is moving in an ascending channel and the market has rebounded from the higher low area of the channel.
The top United States military officer travelled to Poland and talked face-to-face with his Ukrainian counterpart for the first time as Russia’s war on Ukraine nears the one-year mark. The two leaders have talked frequently about Ukraine’s military requirements.
EURNZD Analysis
EURNZD is moving in the Box pattern and the market has reached the horizontal support area of the pattern.
New Zealand house prices fell in December on the prior month as interest rates rose, and more difficulty accessing bank finance contributed to continued hesitancy in the market. Seasonally adjusted median house values fell 0.6% in December compared with the previous month.
EURGBP Analysis
EURGBP is moving in the Box pattern and the market has reached the horizontal support area of the pattern.
Price rises in the UK slowed for a second month in a row, but the cost of food, including milk, cheese and eggs, kept inflation at a 40-year high. Inflation, which measures the rate of price rises, fell to 10.5% in the year to December from 10.7% in November.
GBPUSD Analysis
GBPUSD is moving in an ascending channel and the market has reached the higher high area of the channel.
The United Kingdom and France governments announced the agreement to stop illicit crossings of the English channel. This new agreement continues a previous migration enforcement agreement between the two countries that saw the UK pay France 62.7 million Euros.
GBPJPY Analysis
GBPJPY is moving in the Box pattern and the market has fallen from the resistance area of the pattern.
Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range. The Bank of Japan held its interest rates at a dovish -0.1% rate and made no changes to its yield curve.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan is engaged deeply in issues in Ukraine and is expected to roll out plans at the appropriate time to support Kyiv against Russia’s invasion. Kishida stressed that if a unilateral change to the status quo went unchallenged, the same would happen elsewhere.
AUDCHF Analysis
AUDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Australia has announced it will ditch its fleet of European-designed Taipan military helicopters a decade earlier than scheduled, replacing them with 40 Black Hawk choppers from the United States at an estimated cost of 2.8 billion Australian dollars.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
Despite repeated pleas, Switzerland won’t allow Germany to give Ukraine much-needed Swiss-made air defense ammunition that can help protect Ukrainians from Russia. Switzerland has repeatedly rejected German requests for permission to send Kyiv Swiss-made ammunition.
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