Top 10 Forex News and Analysis

GBPCHF Analysis

GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.

Japan’s prime minister recently revealed at a conference that their main priority right now is strengthening and preparing themselves for the potential of a war against China. This comes after China fired some ballistic missiles into Japan’s economy.

Gold Analysis

XAUUSD Gold price has broken the Descending channel Upside.

As if the war between Ukraine and Russia wasn’t enough, North Korea is planning to launch its own nuclear war. This military country has always been very unstable, and it was only a matter of time before it went rogue and started a battle against its enemies.

USDJPY Analysis

USDJPY has broken the Ascending channel in Downside.

The Japanese people have been all over the news lately as they’ve been applauded for their cleanliness. Japanese spectators at football matches in Qatar have cleaned up the entire arena after every match. The Japanese team has also cleaned up their locker and hotel rooms.

USDCHF Analysis

USDCHF has broken the Ascending channel in Downside.

Swiss National Bank now owns 35,900 shares of the company’s stock worth $530,000 after purchasing an additional 2,500 shares during the last quarter. This comes after the bank has been struggling with its interest rates in light of the inflation crisis surrounding the country.

EURUSD Analysis

EURUSD has broken the Descending channel in Upside.

The European Union (EU) intends to invest in the development of the Trans-Caspian International Transport Route (TITR). This is a new European plan for advancing high-tech, environmentally friendly, and secure worldwide connectivity in different industries.

EURAUD Analysis

EURAUD is moving in the Descending channel and the market has reached the lower high area of the channel.

European Union ministers unanimously adopted on November 28 a decision to add the violation of restrictive measures to the list of EU crimes included in the Treaty on the Functioning of the EU, the Council of the EU said in a statement.

GBPUSD Analysis

GBPUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.

Brexit barged its way back onto the UK political agenda this month with a report that Rishi Sunak’s government might seek closer ties with the European Union. The prime minister and his chancellor, Jeremy Hunt, denied they are seeking a Swiss-style deal.

GBPCAD Analysis

GBPCAD is moving in an Ascending channel and the market has reached the higher high area of the channel.

Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a disruptive China. Earlier this month Canada ordered three Chinese companies to divest their investments in Canadian critical minerals, citing national security.

Crude Oil Analysis

Crude Oil is moving in the Descending channel and the market has reached the lower low area of the channel.

China posted another record high COVID-19 infections on Monday. This comes after an extraordinary weekend of protests across the country over restrictive coronavirus curbs, in scenes unprecedented since President Xi Jinping assumed power a decade ago.

GBPNZD Analysis

GBPNZD is moving in the Descending channel and the market has reached the lower-high area of the channel.

Earlier this month, Prime Minister Jacinda Ardern touched down in Vietnam with a sizeable trade delegation, with a mission to sell New Zealand to one of South East Asia’s most quickly emerging markets. Trade between the countries is more than doubling in the last seven years.