GOLD Analysis
XAUUSD is moving in Ascending channel and the market has reached the higher low area of the channel.
Ukraine is recovering 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 Zelensky said that a rescue operation continued as debris was cleared at the site of the strike.
USDJPY Analysis
USDJPY is moving in the Descending channel and the market has reached the lower high 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.
EURGBP Analysis
EURGBP is moving in Ascending channel and the market has fallen from the higher high area of the channel.
Ireland’s finance minister spoke of the new optimism surrounding talks between the UK and the EU following months of bitter post-Brexit trade disputes. One clause in the Brexit deal makes it mandatory to conduct checks on goods coming from Ireland, which has severed ties.
EURAUD Analysis
EURAUD is moving in a Descending channel and the market has reached the lower 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.
EURCHF Analysis
EURCHF is moving in a 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.
CHFJPY Analysis
CHFJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
Japan is engaged deeply in issues in Ukraine and is expected to roll out plans at the appropriate time to support Kyiv against Russia’s invasion. Kishida stressed that if a unilateral change to the status quo went unchallenged, the same would happen elsewhere.
CADJPY Analysis
CADJPY is moving in the Descending channel and the market has reached the lower high area of the channel.
The Canadian government enforced a two-year ban prohibiting certain foreign home buyers from buying houses throughout Canada. This ban does not apply to Canadian citizens, permanent residents living in Canada, refugees, or diplomats.
AUDJPY Analysis
AUDJPY is moving in a Ascending channel and the market has reached the higher 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.
AUDCAD Analysis
AUDCAD is moving in a 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.
AUDNZD Analysis
AUDNZD is moving in a Ascending channel and the market has rebounded from the higher low 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.
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