Tue, Feb 20, 2024

GOLD Analysis

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

A Russian news video claiming to show Serbian volunteers training to fight alongside Russian troops in Ukraine has prompted outrage in Serbia, exposing its complex relationship with Moscow. This has caused the UN to be further on high alert for any mishaps.

SILVER Analysis

XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower high area of the channel.

XAGUSD Silver Price is moving in the Descending channel and the market has reached the lower high area of the channel.

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.

USDJPY Analysis

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

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

Japan’s inflation rate has jumped to a fresh 41-year high as businesses pass on higher costs to their customers. It puts further pressure on the central bank to put up its interest rates to help ease the rising cost of living. This has caused anger and panic among citizens.

USDCHF Analysis

USDCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel 2

USDCHF is moving in the Descending channel and the market has rebounded from the lower low area of the channel.

Three Singapore ministers will be making a working visit to Switzerland to participate in the World Economic Forum annual meeting. They will contribute to strategies for global growth, digital inclusion, urban and infrastructure development, and on risks to global stability.

AUDUSD Analysis

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

AUDUSD is moving in an Ascending channel and the market has rebounded from the higher low 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.

EURCHF Analysis

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

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

The European Banking Authority disclosed that the number of bankers earning €1m or more a year had increased by more than 40%, from 1,383 in 2020 to 1,957 in 2021. Excluding UK figures, it is the highest number of €1m-plus European bankers in quite a while.

GBPCHF Analysis

GBPCHF is moving in the Box pattern and the market has reached the horizontal resistance area of the pattern

GBPCHF is moving in the Box pattern and the market has reached the horizontal resistance area of the pattern.

The British government wants to hand new powers to police that would allow officers to take stronger action against people engaging in peaceful, political protest. Human rights activists have accused the government of trying to suppress freedom of speech.

GBPNZD Analysis

GBPNZD has broken the Ascending channel in Downside

GBPNZD has broken the Ascending channel in Downside.

Brexit has led to a shortfall of 330,000 people in the UK labor force, mostly in the low-skilled economy. The departure from the EU in 2020 led to an increase in immigration from non-EU countries, but not enough to compensate for the loss of workers from neighboring countries.

AUDNZD Analysis

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

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

Jacinda Ardern says she has no regrets about her plans to quit as New Zealand leader after a decision that shocked both supporters and critics. The prime minister said she would not openly back any of the likely candidates to replace her. The people applaud her decision.

AUDCAD Analysis

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

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

Australia has announced it will ditch its fleet of European-designed Taipan military helicopters a decade earlier than scheduled, replacing them with 40 Black Hawk choppers from the United States at an estimated cost of 2.8 billion Australian dollars.


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