17 OCT 2024 - Forex and Commodity Market Overview: Trend and Sentiment Analysis

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Currency Pair/Asset Volatility Influencing Factors Current Rate Buy/Sell Recommendation % Buy (Trend Analysis) % Sell (Trend Analysis) Market Sentiment
AUDCAD Medium Oil prices, China economy 0.8923 Buy 60% 40% Bullish
AUDCHF Low Investor sentiment, Australia’s economy 0.6375 Sell 45% 55% Bearish
AUDJPY Medium Risk appetite, Japan exports 96.42 Sell 50% 50% Neutral
AUDNZD Medium Australia production, NZ interest rates 1.0805 Buy 65% 35% Bullish
AUDUSD High USD sentiment, Australia labor market 0.6302 Sell 40% 60% Bearish
CADCHF Medium Oil prices, Swiss inflation 0.6891 Buy 55% 45% Bullish
CADJPY High Japan economy, oil prices 108.92 Buy 60% 40% Bullish
CHFJPY Low Japan monetary policy, inflation 153.72 Sell 45% 55% Bearish
EURAUD Medium ECB interest rate decision 1.6550 Sell 40% 60% Bearish
EURCAD Medium Europe’s economy, oil prices 1.4510 Buy 65% 35% Bullish
EURGBP Low UK economy, Brexit sentiment 0.8705 Sell 55% 45% Neutral
EURJPY High Investor sentiment, European production 158.50 Buy 60% 40% Bullish
EURUSD Medium ECB interest rate decision 1.0512 Sell 40% 60% Bearish
GBPAUD Medium UK monetary policy, Australia exports 1.9123 Buy 55% 45% Bullish
GBPCAD Medium Oil prices, UK economic outlook 1.6572 Buy 60% 40% Bullish
GBPCHF Low Swiss inflation, UK interest rates 1.1071 Sell 45% 55% Bearish
GBPJPY High Japan inflation, UK economy 180.02 Buy 65% 35% Bullish
GBPNZD Medium UK trade balance, NZ economic data 2.0821 Sell 40% 60% Bearish
GBPUSD High Bank of England policies, USD sentiment 1.2150 Sell 45% 55% Bearish
NZDCAD Medium Oil prices, NZ interest rate expectations 0.5320 Buy 60% 40% Bullish
NZDCHF Low Investor sentiment, Swiss economic data 0.5732 Sell 50% 50% Neutral
NZDJPY Medium NZ exports, Japan inflation 88.90 Buy 60% 40% Bullish
NZDUSD Medium NZ monetary policy expectations 0.5908 Buy 60% 40% Bullish
USDCAD High Oil prices, US economic data 1.3668 Buy 65% 35% Bullish
USDCHF Medium US interest rates, Swiss inflation 0.9001 Sell 40% 60% Bearish
USDJPY High US inflation, Japan’s monetary policy 149.80 Buy 65% 35% Bullish
USOIL High Global oil supply, demand outlook 87.30 Buy 70% 30% Bullish
XAUUSD (Gold) High Risk sentiment, USD strength 1925.50 Sell 40% 60% Bearish
Update: 17 OCT 2024
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