XAUUSD Gold price is moving in an Ascending channel and the market has fallen from the higher high area of the channel.
Ukraine is reeling from a major Russian missile attack on the city of Dnipro in which 40 people were killed after an apartment block was hit. Ukrainian President Volodymyr Zelenskyy said that a rescue operation continued as debris was cleared at the site of the strike.
USDJPY is moving in the Descending channel and the market has rebounded from the lower low area of the channel.
Chinese President Xi Jinping visited Saudi Arabia in December, and the two countries signed a strategic partnership agreement that the Chinese foreign ministry at the time called “an epoch-making milestone in the history of China-Arab relations.”
USDCHF is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Since 2016, the US has waged a trade war against many countries in the world in an attempt to reduce its trade deficit and protect its domestic industries. However, apart from increasing the burden on consumers, the US trade deficit has hit a record high.
EURUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
The first €3 billion tranche of a €18 billion macro-financial aid package that the EU earmarked for Ukraine last month will be disbursed on Tuesday, the bloc announced. The money will be used to support services, including hospitals and schools, and housing for relocated people.
GBPUSD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Britain’s Defense Secretary has urged Germany to provide Leopard 2 tanks for Ukraine after he confirmed the UK would offer some of its heavy armor to Kyiv – becoming the first nation to do so. Moscow said that supplying more weapons would not change the outcome of the war.
GBPNZD is moving in the Descending channel and the market has reached the lower high area of the channel.
New Zealand’s business confidence in the fourth quarter of last year hit its lowest level since 1974 as companies grapple with higher interest rates, cost pressures, and weak demand. A net 70% of firms surveyed expected general business conditions to deteriorate.
GBPAUD is moving in the Descending channel and the market has reached the lower high area of the channel.
Sugar cane fields in Australia’s northern Queensland are overrun with rats, threatening one of the region’s most valuable crops. The infestation follows a period of heavy rain, which boosted plant growth, creating ideal conditions for the rodents to reproduce exponentially.
AUDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.
The Swiss authorities have decided to reject the citizenship application of a national of France after he was found guilty of driving twice the permitted speed limit. Nonetheless, after he was caught driving at 80km/h in an area with a speed limit of 40km/h in 2017.
CADJPY is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
In the face of the climate crisis, 136 countries around the world have pledged to reach net zero by 2050. This includes Japan, which is on the path to carbon neutrality with an interim goal of reducing greenhouse gas (GHG) emissions by 46% compared to 2013 levels by 2030.
Crude oil Analysis
Crude oil is moving in the Symmetrical triangle pattern and the market has reached the Top area of the pattern.
China grew 3 percent for the year, numbers released Tuesday show, much less than in 2021 and short of Beijing’s target of 5.5 percent. Other than 2020, it was the most disappointing showing since 1976, the year Mao Zedong died, when the economy declined by 1.6 percent.
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