XAUUSD Gold is moving in an Ascending channel and the market has reached the higher high area of the channel.
The EU will try to set up a court, backed by the UN, to investigate and prosecute war crimes committed by Russia in Ukraine, according to the European Commission’s president, Ursula von der Leyen. This is a major win for Ukraine, who has been trying to achieve this for months.
XAGUSD Silver price is moving in an ascending channel and the market has rebounded from the higher low area of the channel.
China’s former leader Jiang Zemin, who came to power after the Tiananmen Square protests, has died at 96. Under his leadership, the Communists significantly rose in power, and China finally saw itself climbing up the charts of the top world dominators.
USDCAD is moving in the Descending channel and the market has fallen from the lower high area of the channel.
King Charles III’s three-day 2022 Royal Tour of Canada cost Canadian taxpayers at least $1.4 million. He lived a luxurious lifestyle during his stay, and the costs were entirely covered by the state. This means that Canadian taxpayers had funded the entire trip.
USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
Switzerland has now extended the ban on oil and petroleum products to also include maritime transport of these products to third countries. This is regarding oil and petroleum products that originate in or are exported from Russia. The reason behind this is the war crimes in Ukraine.
EURGBP is moving in the Descending channel and the market has reached the lower high area of the channel.
Meghan Markle is proving to be the only royal competition to the late Queen Elizabeth in the UK’s most searched person on Google list for the year 2022. She is one of the most controversial figures in the UK’s history, with half the population backing her and half not.
EURCHF is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
As the COVID pandemic took hold, online shopping rates surged by 129% week on week in the UK and Europe. This can be mainly blamed on the recent Black Friday sale which saw a major increase in customers entering the stores to get the best bargains and deals.
GBPJPY has broken the Descending channel in upside.
The UK is currently facing a shortage of PPE and other medical equipment that protect doctors and healthcare workers from contracting COVID and other infectious diseases from their patients. This is mainly happening due to supply chain issues around the world.
CADCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Rishi Sunak on Monday warned that the so-called golden era of UK relations with China was over. He sees them as a threat. Sunak this month met Ukraine president Volodymyr Zelenskyy and outlined a new £50mn package of UK defence aid, including 125 anti-aircraft guns.
AUDCHF is moving in the Box pattern and the market has reached the resistance area of the pattern
Australia’s inflation rate eased in October. This was mainly a result of smaller increases for food, adding to expectations that the rate of price rises may be nearing their peak. The headline consumer price index for last month was 6.9%, slowing from the 7.3% reported for September.
AUDNZD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The new trade agreement with India will give Australian exporters greater access to one of the world’s largest economies. It will also deliver significant economic benefits and strengthen education and research ties for the benefit of both nations.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/