USDCAD Analysis
USDCAD is moving in an Ascending channel and the market has reached the higher high area of the channel.
The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to the highest level in almost 15 years. The central bank has raised rates at a record pace of 400 basis points in nine months to 4.25 percent, a level last seen in January 2008.
Gold Analysis
XAUUSD Gold price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Russian President Vladimir Putin acknowledged Wednesday that his special military operation in Ukraine is taking longer than expected. He said it has succeeded in seizing new territory and added that his country’s nuclear weapons are deterring escalation of the conflict.
Silver Analysis
XAGUSD Silver Price is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
China announced a nationwide loosening of its COVID restrictions that had hammered the world’s second-biggest economy and ignited rare protests against the ruling Communist Party. The new rules are a major relaxation of President Xi Jinping’s signature zero-COVID policy.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Some 1,400 people were hospitalized in Switzerland due to side effects of COVID-19 vaccines during the 2021 immunization campaign. There have been more than 4.3 million confirmed cases and about 14,000 COVID-related deaths reported in the country since the pandemic.
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Japanese government’s continued efforts to highlight Chinese government abuses is a significant development consistent with Tokyo’s pledge of human rights diplomacy. But Tokyo should urge Human Rights to continue monitoring and reporting on the situation in China.
GBPUSD Analysis
GBPUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.
Temperatures across the UK plummeted overnight, dipping as low as -9.1C in the Scottish Highlands. The weather triggered the government to issue cold weather payments for those on the lowest incomes in some areas as millions struggle to heat their homes.
EURCAD Analysis
EURCAD is moving in the Descending channel and the market has reached the lower high area of the channel.
The Canadian government has been accused of putting its domestic timber industry ahead of the global environment. This comes following a leaked attempt to water down the world’s most ambitious regulations on deforestation-free trade weeks before a UN conference.
CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower low area of the channel.
China’s zero-COVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say the strict pandemic rules are also fueling a surge in requests to live in Canada.
AUDCHF Analysis
AUDCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Australia saw an unexpected current account deficit in the September quarter. Australia’s current account balance shrank to a negative 2.3 billion Australian dollars in the three months to September 30 from A$18.3 billion in the prior quarter.
AUDNZD Analysis
AUDNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
The New Zealand government has said it will pass legislation that would require major online digital companies such as Alphabet Inc’s Google and Meta (Facebook) to pay New Zealand media companies for their local news content.
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