Mon, Apr 15, 2024

AUDUSD Analysis

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

Authorities in Western Australia say they have found a tiny radioactive capsule that went missing last month. Authorities released a close-up picture of the pea-sized capsule – which could cause serious harm if handled on the ground among tiny pebbles. A serial number enabled them to verify that they had found the capsule they were searching for. Mining giant Rio Tinto apologized for losing the device 6mm in diameter and 8mm long. It contains a small quantity of Caesium-137, which could cause skin damage, burns, or radiation sickness.

GOLD Analysis

XAUUSD Gold price is moving in the Descending channel and the market has reached the lower high area of the channel

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

Russia says it has captured a village on the northern outskirts of Bakhmut as it intensifies efforts to surround the front-line city in Ukraine’s eastern Donetsk region. The village of Blahodatne, which is about five kilometers north of Bakhmut, was captured with the help of aerial support. Russian forces have made several advances in the area in recent weeks, notably capturing the salt-mining town of Soledar to Bakhmut’s north. Earlier this month, Russia also claimed it had captured Klishchiivka, a village in Ukraine’s Donetsk region.

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.

Croatia’s president on Monday criticized Western nations for supplying Ukraine with heavy tanks and other weapons in its campaign against invading Russian forces, saying those arms deliveries will only prolong the war. Zoran Milanovic told reporters in the Croatian capital that it is mad to believe that Russia can be defeated in a conventional war. The Croatian president was elected in 2019 as a left-leaning liberal candidate, a counterpoint to the conservative government currently in power in the European Union and NATO-member states.

USDCHF Analysis

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

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

A Swiss German-language daily newspaper reported that politicians from various political parties are considering selling some of their Leopard 2 main battle tanks. Politicians contend that while some of these tanks could fill gaps in Poland or Germany, they will not be permitted to move to Ukraine. FDP National Councilor Maja Riniker recently tried to get the Security Policy Commission to endorse a similar idea, but she was unsuccessful. The Swiss army will still be able to employ some of the 96 deactivated Leopards.

EURUSD Analysis

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

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

Despite the Qatar gate corruption scandal, the European Commission doesn’t see any grounds to suspend the EU’s aviation agreement with Qatar. The scandal has brought attention to the deal, which grants Qatari airlines greater access to the European market. The pact is in force while member countries are ratifying it, but MEPs voted last month to pause any legislation related to the Arab state. At the same time, investigations into possible corruption are ongoing. Carlos Bermejo Acosta said there was no reason to suspend the application of the deal.

GBPCHF Analysis

GBPCHF is moving in the symmetrical triangle pattern and the market has fallen from the top area of the pattern

GBPCHF is moving in the symmetrical triangle pattern and the market has fallen from the top area of the pattern.

Switzerland pledges CHF68 million to the UN refugee agency. The CHF68 million comes in response to the unprecedented flow of people forced to abandon their homes due to armed conflict. The UN agency is a key partner in the implementation of Swiss foreign policy. Switzerland has granted humanitarian visas to some 74,000 Ukrainians since the war started last year. But as resources and the asylum system struggle under pressure, it also put on hold a fast-track UNCHR program for the resettlement of vulnerable refugees.

GBPNZD Analysis

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

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

Residents in New Zealand’s largest city were bracing Tuesday for another deluge and more flooding, four days after Auckland endured its wettest day on record in a storm that killed four people. A state of emergency was in place for Auckland, and officials had closed schools for the week and were asking people to work from home if possible. Heavy rain was expected from Tuesday evening through Wednesday morning. Emergency officials said some 200 homes and businesses around the city were assessed after the floods as too unsafe to enter.

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’s foreign and defense ministers will discuss trade and security on a two-day trip to Britain for an annual bilateral summit this week as London looks to build its influence in the Indo-Pacific region. The talks will cover Indo-Pacific security, continued support for Ukraine, and AUKUS – the deal between the United States, Britain, and Australia to provide Australia with technology for conventionally armed nuclear-powered submarines. They will hold further talks and a press conference on Thursday.

CHFJPY Analysis

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

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

People in Switzerland currently have strong protection against developing severe COVID-19. Many of them have already been vaccinated or have already been infected and recovered. In view of this, the present infection trends in China are not expected to pose an increased risk to the Swiss population or the Swiss health system. The Council’s views of omicron variants of the coronavirus presently circulating in China pose a small risk to the population as the variants are already extensively distributed in Switzerland or on the decline.

CADCHF Analysis

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

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

A Canadian province on Tuesday decriminalized the possession of small amounts of cocaine, heroin, fentanyl, and other hard drugs in a radical policy shift to address an opioid overdose crisis that has killed thousands. Adults found in British Columbia with up to 2.5 grams of these drugs, rather than face jail or fines, will be provided with information on how to access addiction treatment programs. Sellers and traffickers of hard drugs, however, will continue to face criminal prosecution during the three-year pilot project.


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