ammadbashir14

ammadbashir14

GBPUSD may continue into bullish phase The GBP/USD outlook reveals a short-term bullish trend for the GBP driven by seasonal factors, likely pushing the pair toward 1.32–1.33 until mid-December. However, this strength is expected to be short-lived as the USD's dominance, supported by stronger macroeconomic fundamentals, safe-haven demand, and bearish...

ammadbashir14

EURGBP may enter into bullish phase In December 2024, EUR/GBP is poised for a bullish trend, driven by a combination of factors. Seasonally, the euro typically outperforms the pound until the third week of December, which aligns with the COT report showing non-commercial positions heavily favoring EUR over GBP. Endogenous factors reveal a slightly stronger...

ammadbashir14

GBPJPY may enter into a bearish phase The data indicates a weakening outlook for GBP as traders shift towards a bearish sentiment, supported by weaker economic indicators and a lack of strong momentum in exogenous factors like GDP and interest rate differentials. Conversely, JPY is showing strength, driven by its safe-haven appeal and positive speculative...

ammadbashir14

CADJPY may enter into bullish phase In seasonal trends, late November typically supports bullish momentum in the CAD. Commitment of Traders (COT) data indicates an increase in CAD/JPY, with non-commercial flip data favoring CAD's strength. Overall, endogenous factors sentiments currently show greater support for CAD compared to JPY. However, CAD's endogenous...

ammadbashir14

NZD JPY may enter into a bullish phase Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include...

ammadbashir14

CAD CHF is on continuation of bearish phase Seasonality trends are favoring the CHF, as CAD/CHF shows a downward trajectory. Commitment of Traders (COT) data indicates a decline in CAD/CHF, with non-commercial positioning suggesting potential strength for the CAD. However, overall sentiment from endogenous factors leans more in favor of the CAD than the...

ammadbashir14

EURCAD may enter into may bullish phase Historically, seasonality data supports a bullish outlook for the EURCAD currency pair. However, the COT report on non-commercial positions does not align with this bullishness, showing a reversal trend against EUR relative to CAD. While CAD exhibits stronger endogenous positive sentiment than EUR, which challenges the...