EURJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
The Commission of the European Union has decided to present an EU Action Plan for the Central Mediterranean migratory route to address the ongoing migration challenges in the region. This will ensure smooth migration between the EU nations.
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Russia’s soldiers used schools in Izyum to detain and torture civilians until they named individuals in Ukraine’s police and armed forces. Despite this torture, the civilians have been true to their country and refused to reveal anything too damaging.
USDJPY is moving in an ascending channel and the market has rebounded from the higher low area of the channel.
Japan and South Korea are still haunted by the past Japanese brutality that took place in the Korean Peninsula. This has made it really hard for the two countries to move on and build ties with each other. Japan currently needs more ties to strengthen its military against China.
USDCHF is moving in an ascending channel and the market has reached the higher low area of the channel.
People living in Switzerland have a high level of trust in their public authorities. This pertains not only to Swiss citizens but to foreigners as well. The report also suggests that the public trusts their security services, and this has enabled the country to be one of the safest in the world.
AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel.
Australia will experience an increase in extreme heat, intense rainfall, and coral-bleaching events, as well as longer fire seasons and more rapidly rising global warming. This is placing the country in a deep predicament as they have other bigger issues on hand as well.
NZDUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Reserve Bank of New Zealand increased its key interest rate by 0.75 percentage points to 4.25%. That was the biggest rise the nation has seen in decades. However, it is unclear how these rates have impacted the financial status of the country as inflation is still on a high rise.
EURGBP is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The EU has a first-mover advantage in advancing the first set of rules on Artificial Intelligence in the world. But without appropriate measures, this AI release may not go as planned. The EU needs to work with specialists to ensure that nothing goes wrong with the release.
GBPCHF is moving in the Box pattern and the market has reached the resistance area of the pattern.
The government of Switzerland has urged its citizens from steering clear of Iran. They are advising them against visiting this country as they have recently been found to be placing several Swiss visitors in arrest due to reasons that they have yet to reveal.
GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The prime minister said tax rises and spending cuts in Thursday’s Autumn Statement were needed to reduce rising inflation and UK public debt. Despite giving out these reasons, Sunak is facing backlash for failing to provide any relief to the citizens of the country.
Crude Oil Analysis
Crude Oil is moving in the Descending channel and the market has reached the lower high area of the channel.
Ever since Russia announced that they would be recruiting men in a certain age group to fight in the war, many Russian men have been living in hiding due to fear of being recruited. They are being forced to go to battle against their will even if they don’t have any prior military skills.
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