Tue, Feb 20, 2024

GOLD Analysis

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

A new rocket that would double Ukraine’s strike range in its war with Russia was included in a $2.175 billion US military aid package, the Pentagon said on Friday. The new weapon, the Ground Launched Small Diameter Bomb (GLSDB), will allow Ukraine’s military to hit targets at twice the distance reachable by the rockets it now fires from the US-supplied High Mobility Artillery Rocket System (HIMARS). A $1.725 billion portion of Friday’s aid, comes from USAI funding, which allows President Joe Biden’s administration to buy weapons from industry rather than from US weapons stocks.

USDCHF Analysis

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

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

Ten people have been killed in several avalanches across the Austrian and Swiss Alps over the weekend. Tourists from New Zealand, China and Germany were among the dead at a number of different ski resorts. Austrian authorities put in place a level four avalanche alert – the second highest – following intense snowfall and wind in the area. Despite the warnings, ski resorts in western Austria have been filling up due to school holidays in Vienna.

USDCAD Analysis

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

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

A dangerous combination of record-setting cold temperatures and powerful winds buffeted the northeastern United States and Canada over the weekend, creating life-threatening conditions and wind-chills from the Arctic blast. The Arctic air reached the region just as a rapid cyclogenesis developed over Labrador and Newfoundland, churning up powerful winds. A cyclogenesis refers to an intensification of a cyclone or low-pressure storm system.

AUDUSD Analysis

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

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

King Charles III will not feature on Australia’s new five-dollar note, the country’s central bank has announced. The Queen’s death last year reignited debates about Australia’s future as a constitutional monarchy. The A$5 banknote is the only Australian banknote to carry the image of a British monarch. The late Queen appears on the country’s coins as well, although Australia is transitioning to using an effigy of King Charles III. The decision was welcomed by Aboriginal politicians and community leaders.

EURJPY Analysis

EURJPY is moving in a Ascending channel and the market has rebounded from the higher low area of the pattern

EURJPY is moving in a Ascending channel and the market has rebounded from the higher low area of the pattern.

European Commissioner for Innovation, Research, Culture, Education and Youth said: “321 scientists and scholars will receive some €657 million to conduct pioneering research. Their discoveries lay the groundwork for innovation and, ultimately, for growth and economic competitiveness in Europe.” The grants will be invested in scientific projects spanning all disciplines of research from engineering to life sciences to humanities. The laureates of this grant competition proposed to carry out their projects at research centers in 18 EU States.

GBPNZD Analysis

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

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

Tech Nation, the UK startup organization that helped bring thousands of talented tech workers to the UK, has announced that it will cease operations in March after the UK government pulled key funding. Tech Nation has worked with nearly a third of the country’s 122 unicorns since 2011 and ran the UK’s global tech talent visa. Without the government grant funding, Tech Nation, a non-profit, cannot fund its accelerators, reports or visa programs.

AUDJPY Analysis

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

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

NATO Secretary-General is set to meet Japanese Prime Minister Kishida on an Asian tour that has sparked suspicion in China. The trip comes after the leaders of Japan, South Korea, Australia and New Zealand for the first time attended the summit of the 30-member North Atlantic Treaty Organization last year. The NATO boss has visited an airbase and will give joint remarks with Kishida on Tuesday, as well as making a speech in the city the following day.

AUDNZD Analysis

AUDNZD is moving in Ascendign channel and the market has reached the higer low area of the channel.

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

With only less than eight hours to go, the first travel groups in the city of south China’s Guangzhou will fly to Dubai from the Guangzhou Baiyun International Airport. As China revives its outbound travel after a nearly three-year suspension due to COVID-19, the New Zealand tourism authority told the Global Time that Chinese visitors’ return is a positive step in New Zealand’s COVID-19 recovery.

NZDCAD Analysis

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

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

New Zealand is ready to share its experience with Ankara about diplomatic expansion in the wider Asia-Pacific region, according to its top diplomat to Turkey. Türkiye launched the Asia Anew initiative in 2019 to “further enhance its relations with Asia, which is becoming the world’s economic center, in multiple dimensions.” The initiative is seen by experts as a step toward reshaping the future diplomacy of Turkey. This country straddles two continents and “is a bridge between the East and the West.”

CADCHF Analysis

CADCHF is moving in a Descending channel and the market has rebounded from the lower low area of the channel

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

The volume of trade between Switzerland and Russia has increased since the start of the Ukraine war, despite Swiss sanctions, according to official figures. Exports are dominated by pharmaceutical products, the newspaper reports, with some trade likely catching up from logjams created by the pandemic. In August, Switzerland, which is a major global hub for processing gold, adopted European Union sanctions prohibiting the trade of Russian gold and gold products. But this appears to be having little impact on Russian gold imports.


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