EURCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Crypto mining is one of the many processes that take up a lot of energy. Since so much energy is consumed during this process and there is currently an energy shortage around the world, the EU is looking towards banning crypto mining in order to preserve more energy for winter.
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
While the EU is looking to end all ties with Russia, Germany found out that someone from their cybersecurity detail actually has ties with Russia. As a result, they are now doing an investigation into figuring out if there is someone else involved with Russia as well.
Crude Oil Analysis
Crude Oil is moving in the descending channel and the market has fallen from the lower high area of the channel.
China has always wanted to become a world dominator, and it has everyone’s attention now more than ever. They are looking to become the next US, and they are not backing down from any fight if it means that they are going to get this title in the end.
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
In the past few weeks, Switzerland has significantly reduced their carbon footprint as a means of becoming more friendly to the environment and causing a dent in the impact of global warming in the region. However, they are still among the top EU country with these emissions.
GBPUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Just a while ago, it seemed as though the UK was finally recovering from the cost of living crisis impacting the region. However, it was recently revealed that the UK has once again reached a new height of inflation, touching its 40-year high this quarter.
EURUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Throughout the summer, the EU has been consistently increasing the price of gas. This has caused it to become unaffordable for many. As a result, the EU is now looking to pause these price hikes so people can afford to get passed winter.
EURAUD is moving in the Rising wedge pattern and the market has reached the higher low area of the pattern.
As we all know, there is a war going on between Israel and Palestine. Australia had previously recognized the capital of Israel to be Jerusalem. However, they recently revealed that they are reversing this recognition in support of Palestine.
EURCHF is moving in the Rising wedge Pattern and the market has reached the higher high area of the pattern.
The EU is a large contributor to the plastic waste in the world. This waste is not easily decomposed and remains on the earth for several decades. The EU always exports this waste to other regions so they don’t have to deal with it, which is causing oceans to be clogged.
GBPNZD is moving in an Ascending channel and the market has reached the higher low area of the channel.
New Zealand has always been a nation that would isolate itself from others and only focus on itself. However, with new threats from China and the uncertainty around the world, they are looking to build ties with other countries and have recently done so with India.
CADJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Canada’s immigration system recently revealed its plans to give citizenships to almost 300,000 people by the first quarter of 2023. This means that in less than six months, there would be more than a quarter million people who will be able to call themselves Canadians.
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