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forexgdp
June 13, 2023, 11:55
#NZDUSD Analysis
NZDUSD is moving in an Ascending channel and the market has reached the higher high area of the channel.
NZD GDP Data is predicted to contract by 0.10 percent in the first quarter of 2023, which will push New Zealand into a technical recession after the previous quarter shrank by 0.6 percent in 2022. The Central Bank will increase interest rates more in the coming months as a result of the New Zealand economy's high migration and tourism visits.
๐ฅTop 10 Forex News and Analysis โ Jun'13, 2023, Check here ๐ https://www.forexgdp.com/news/daily-forex-analysis-2023-06-13/
forexgdp
June 1, 2023, 11:19
#GOLD Analysis
XAUUSD Gold price is moving in the Descending channel and the market has fallen from the lower high area of the channel.
The debt agreement was approved by the House of Representatives on the final day, and the Senate will vote on it on Friday. Data on US job openings last day came in higher than anticipated. There will not be a rate increase in the June meeting, according to US FED voting members, and a 25 bps rate increase in the July meeting has an 80% chance of happening. In anticipation of Friday's Non-Farm Payrolls report and a deal to raise the US debt ceiling, gold prices declined.
๐ฅTop 10 Forex News and Analysis โ Jun'01, 2023, Check here ๐ https://www.forexgdp.com/news/daily-forex-analysis-2023-06-01/
forexgdp
June 1, 2023, 11:07
#USDCAD Analysis
USDCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
forexgdp
June 1, 2023, 11:06
#CADCHF Analysis
CADCHF is moving in an Ascending channel and the market has reached the higher high area of the channel.
forexgdp
May 31, 2023, 15:36
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forexgdp
May 31, 2023, 11:49
USDJPY Analysis
USDJPY is moving in an Ascending channel and the market has reached the higher high area of the channel.
Japan's industrial production for the month of April fell to -0.40% from a gain of 1.4% and a previous reading of 1.1%. The loose monetary policy of the Bank of Japan makes the Japanese Yen vulnerable to Counter pairs. JPY weakness against USD was brought on by lower-than-expected China manufacturing PMI data in May.
๐ฅTop 10 Forex News and Analysis โ May 31, 2023, Check here ๐ https://www.forexgdp.com/news/daily-forex-analysis-2023-05-31/
forexgdp
May 31, 2023, 11:49
AUDNZD Analysis
AUDNZD is moving in the Descending triangle pattern and the market has reached the lower high area of the pattern.
forexgdp
May 31, 2023, 7:22
forexgdp
May 30, 2023, 15:50
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forexgdp
May 30, 2023, 11:32
#GOLD Analysis
XAUUSD Gold Price is moving in an Ascending channel and the market has reached the higher low area of the channel.
Due to the tight labour market and strong consumer spending in the US, gold prices have fallen. If inflation rates are unable to decrease each month, the US FED may increase interest rates.Today's scheduled US ADP data is anticipated to be lower than previous figures.
๐ฅTop 10 Forex News and Analysis โ May 30, 2023, Check here ๐ https://www.forexgdp.com/news/daily-forex-analysis-2023-05-30/