EURJPY Analysis
EURJPY is moving in an Ascending triangle pattern and the market has rebounded from the higher low area of the triangle pattern.
Japan’s Defense Minister Yasukazu Hamada attends a photo session with Prime Minister Fumio Kishida and other cabinet ministers at Kishida’s residence. This has brought them under fire in the eyes of the public as the economy is drowning, and it seems like the leaders don’t care.
GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Hordes of Russian men are leaving the country to escape Russia’s military mobilization to continue the invasion of Ukraine. This means Russia is now recruiting men against their will into the military to continue the fight in Ukraine. Therefore, they are leaving for Finland.
USDJPY Analysis
USDJPY is moving in the Box pattern and the market has fallen from the resistance area of the pattern.
Japanese, South Korean, and U.S. Naval Vessels participate in joint anti-submarine exercises off South Korea’s coast. This comes after North Korea has began revolting against these nations, particularly Japan. Japan is seeking help from ties to stay secure.
USDCHF Analysis
USDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Three months after Switzerland pledged to stop imports of illegal gold from Brazil and the Amazonian basin, the country has once again come under public scrutiny after being exposed to carry out illegal trade importation of these precious goods behind closed doors.
EURCHF Analysis
EURCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
EU energy ministers approved on Friday the first package of emergency measures in an effort to curb soaring electricity bills in all the member states. This effort is meant to relieve the people of the high expenses they have to pay as a result of high utility bills.
GBPCAD Analysis
GBPCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
The warning signs of a financial crisis are beginning to flash yellow. Developments in the U.K. are the most concerning, as the Bank of England has had to release a warning sign about the consistent drop in the value of the economy and the financial crisis at hand.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Recession fears have dragged crude prices down $40 from their peak earlier this year. Reduced liquidity has made any price moves even more volatile. Traders are to be careful and keep a close eye on the financial situation of the economy to be one step ahead.
AUDCAD Analysis
AUDCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
The Canadian economy grew 0.1 percent in July, compared with analysts forecast for a 0.1 percent decline, Statistics Canada data showed on Thursday. This is great news as it shows that Canada’s economy is secretly growing despite recession fears.
AUDUSD Analysis
AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australia has said it will end mandatory COVID isolation requirements from next month. Currently, anyone who tests positive for the virus must isolate for a certain number of days in order to protect the public from contracting this deadly disease as well.
NZDUSD Analysis
NZDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Cryptocurrency exchange Binance has registered as a financial service provider in New Zealand and launched Binance New Zealand. This is huge news for crypto geeks in the country who can now enjoy the benefits of a much more seamless system.
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