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Top 10 Forex News and Analysis – Jan 24, 2023
3 mins well spent

AUDJPY Analysis

AUDJPY is moving in an Ascending channel and the market has fallen from the higher high area of the channel.

Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range. The Bank of Japan held its interest rates at a dovish -0.1% rate and made no changes to its yield curve.

GOLD Analysis

XAUUSD Gold price is moving in the Rising Wedge Pattern and the market has fallen from the higher high area of the pattern.

XAUUSD Gold price is moving in the Rising Wedge Pattern and the market has fallen from the higher high area of the pattern.

The top United States military officer travelled to Poland and talked face-to-face with his Ukrainian counterpart for the first time as Russia’s war on Ukraine nears the one-year mark. The two leaders have talked frequently about Ukraine’s military requirements.

USDCHF Analysis

USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel

USDCHF is moving in an Ascending channel and the market has reached the higher low area of the channel.

The 53rd edition of the World Economic Forum (WEF) will begin today at Davos in Switzerland. The meeting will continue till 20th January. World leaders are expected to share their insights on the prevalent economic conditions across the globe.

GBPUSD Analysis

GBPUSD is moving in an Ascending channel and the market has reached the higher low area of the channel 1

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

The United Kingdom and France governments announced the agreement to stop illicit crossings of the English channel. This new agreement continues a previous migration enforcement agreement between the two countries that saw the UK pay France 62.7 million Euros.

AUDUSD Analysis

AUDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel 1

AUDUSD is moving in an Ascending channel and the market has reached the higher low area of the channel.

Australian employment growth outpaced every Group of Seven economies in the six months through November, as a survey showed hiring likely remained solid in the final month of last year. The employment growth of 1.7% was stronger than the UK, the US, Germany, and Japan.

EURCAD Analysis

EURCAD is moving in an Ascending channel and the market has reached the higher low area of the channel

EURCAD is moving in an Ascending channel and the market has reached 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.

GBPNZD Analysis

GBPNZD is moving in the Descending channel and the market has fallen from the lower high area of the channel 1

GBPNZD is moving in the Descending channel and the market has fallen from 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.

CHFJPY Analysis

CHFJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel

CHFJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.

Despite repeated pleas, Switzerland won’t allow Germany to give Ukraine much-needed Swiss-made air defense ammunition that can help protect Ukrainians from Russia. Switzerland has repeatedly rejected German requests for permission to send Kyiv Swiss-made ammunition.

CADJPY Analysis

CADJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel

CADJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.

Japan and India began their first joint fighter jet exercise near Tokyo as the countries upgraded defense and security ties with an eye on China’s growing military might. Around 150 Indian Air Force personnel are taking part in the exercise at the Hyakuri Air Base.

Crude Oil Analysis

Crude Oil price is moving in the Descending channel and the market has reached the lower high area of the channel 1

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

Russia and Belarus began joint military exercises, triggering fears in Kyiv and the West that Moscow could use its ally to launch a new ground offensive in Ukraine. Russia had used its neighbor Belarus as a springboard for its invasion of Ukraine since last February.


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