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The Australian dollar rose during the Asian session to witness its highest since last January 3 against the US dollar, following the developments and economic data that it announced on the Australian economy and on the cusp of developments and economic data expected today by the US economy and in ...

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The Australian dollar rose during the Asian session to witness its highest since last January 3 against the US dollar, following the developments and economic data that it announced on the Australian economy and on the cusp of developments and economic data expected today by the US economy and in the shadows and pricing of investors to reopen global economies against Protests escalated in the United States recently.

 

At exactly 02:20 AM GMT, the Australian dollar pair rose against the US dollar by 0.52% to 0.6933 levels compared to the opening levels at 0.6897, after the pair achieved its highest level in five months at 0.6983, while the pair achieved its lowest during the trading session at 0.6887.

 

On the Australian economy, we have followed the release of the AIG construction reading, which showed the contraction shrank to 24.9 compared to 21.6 last April, and this came before we witnessed the speech of the Assistant Governor of the Bank of Australia's financial system, Michael Pollock, in a speech Under "Panic, Pandemic and Payment Preferences" in the evolving webcast chain.

 

Up to the disclosure of housing market data with the issuance of the building permits reading, which indicated a decline in the decline to 1.8% compared to 2.6% last March, contrary to expectations that the decline will widen to 10.8%, in conjunction with the disclosure of the GDP reading, which showed contraction 0.3% in the first quarter compared to 0.5% growth in the fourth quarter, beating expectations for a 0.4% contraction.

 

In the same context, the annual reading of GDP showed that growth slowed to 1.4%, in line with expectations, compared to 2.2% in the fourth quarter, and that comes hours after monetary policy makers at the Reserve Bank of Australia yesterday kept the short-term benchmark interest rates unchanged. It is reported for the third consecutive meeting at 0.25%, which is the lowest level ever, which came in line with expectations.

 

On the other hand, investors are currently awaiting by the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the loss of 9,000 jobs compared to the loss of 20,236 thousand jobs in April, and this comes hours before the disclosure after Tomorrow, Friday, the monthly report for jobs except agricultural and unemployment rates, in addition to the hourly rate for the month of May.

 

This comes before we witness the final reading of the Markit Service Supply Institute index by Markit for the United States, which may reflect a contraction of shrinkage to 37.2 compared to a value of 36.9 in the initial reading for the past month and against a contraction at 26.7 in April, and before revealing a reading of the index Factory orders, which may show a widening decline to 13.7% compared to 10.3 in March.

 

To reveal the reading of the Institute for Service Supply index that is important in that the service sector represents more than two-thirds of the gross domestic product of the United States, which may explain the contraction shrinkage to 44.2 compared to 41.8 in April, otherwise, according to the latest figures issued by The World Health Organization has increased the number of cases infected with the Coronavirus by more than 6.19 million, and 376,320 people have died in 216 countries.

 

In another context, the markets assessed the possibilities of the US military deploying in the United States to suppress the strikes and violent demonstrations in the cities over the killing of George Floyd of African descent at the hands of the American police, after the curfew failed to contain the massive protests that included violence and looting with the demonstrators taking to the streets after weeks Closings during the Corona pandemic, which caused millions to lose their jobs.

 

Technical analysis

  

The Australian dollar versus the US dollar pair opened trading today with a strong rise to succeed in achieving our extended target 0.6900, as it penetrated it to settle above it now, which supports the chances of the continuation of the bullish trend within the upward channel that appears in the picture, noting that the goal of this channel extends to 0.7200.

 

Therefore, we will be awaiting further increase during the upcoming period, noting that a break of 0.6884 will push the price for a temporary bearish correction before resuming the suggested bullish wave.

 

The expected trading range for today is between 0.6870 support and 0.7020 resistance.

 

Expected trend for today: bullish.

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The single currency, the euro, rose during the Asian session, clarifying its highest level since March 16, and was preparing for its longest daily gains march since September 2009 against the US dollar, on the cusp of developments and economic data expected today Wednesday by the economies of the euro ...

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The single currency, the euro, rose during the Asian session, clarifying its highest level since March 16, and was preparing for its longest daily gains march since September 2009 against the US dollar, on the cusp of developments and economic data expected today Wednesday by the economies of the euro area and the economy The American is the largest economy in the world.

 

At exactly 04:52 AM GMT, the euro pair rose against the US dollar by 0.31% to 1.1205 levels, compared to the opening levels at 1.1170 after the pair achieved its highest level during the trading session at 1.1211, while achieving the lowest at 1.1167.

 

The markets are looking by Spain, the fourth euro zone economy, to reveal the services PMI reading, which may show the contraction shrinking to 24.7 compared to 7.1 last April, before we witness from Italy the third largest economy in the region, the reading of the index itself, which may It also reflected a contraction in contraction of 26.2 compared to 10.8 in April.

 

This comes before revealing the final reading of the services PMI for France, the second largest economy in the euro area and Germany, which may show the stability of the contraction at 29.4 and 31.4 unchanged from the initial reading for the past month and against a contraction at 10.2 and 16.2 in April, before that Germany is also witnessing the release of the unemployment change index, which may reflect an increase of about 188 thousand, compared to a rise of 373 thousand in April.

 

Investors are also awaiting the disclosure of labor market data and the release of the unemployment rate reading for Italy, which may explain an increase to 9.2% compared to 8.4% in April, before witnessing the economies of the euro area as a whole. Disclosure of the final reading of the services PMI, which may explain the stability of deflation At 28.7, unchanged from the previous reading for the past month and against a contraction at 12.0 in April.

 

To reveal the inflation data for the euro area economies with the release of the producer price index, which is an initial indication of inflationary pressures, which may reflect the widening of the deflation to 1.8% compared to 1.5% in March, as the annual reading of the same indicator may show the widening of the deflation to 4.0% compared to 2.8 %, In conjunction with the release of the unemployment rates reading for the economies of the region as a whole, which may reflect an increase to 8.2%, compared to 7.4% in April.

 

On the other hand, investors are currently awaiting by the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the loss of 9,000 jobs compared to the loss of 20,236 thousand jobs in April, and this comes hours before the disclosure after Tomorrow, Friday, the monthly report for jobs except agricultural and unemployment rates, in addition to the hourly rate for the month of May.

 

This comes before we witness the final reading of the Markit Service Supply Institute index by Markit for the United States, which may reflect a contraction of shrinkage to 37.2 compared to a value of 36.9 in the initial reading for the past month and against a contraction at 26.7 in April, and before revealing a reading of the index Factory orders, which may show a widening decline to 13.7% compared to 10.3 in March.

 

To reveal the reading of the Institute for Service Supply index that is important in that the service sector represents more than two-thirds of the gross domestic product of the United States, which may explain the contraction shrinkage to 44.2 compared to 41.8 in April, otherwise, according to the latest figures issued by The World Health Organization has increased the number of cases infected with the Corona virus by more than 6.19 million, and 376,320 people have died in 216 countries.

 

In another context, the markets assessed the possibilities of the US military deploying in the United States to suppress the strikes and violent demonstrations in the cities over the killing of George Floyd of African descent at the hands of the American police, after the curfew failed to contain the massive protests that included violence and looting with the demonstrators taking to the streets after weeks Closings during the Corona pandemic, which caused millions to lose their jobs.

 

It is worth noting that these extended strikes taking place in America have reinforced concern about the coronary virus outbreak more broadly among these human groupings and restored concerns about the chances of recovery for the economy that is just emerging from the Great Depression in the thirties of the last century, and Trump on Monday criticized the deans of the states American, while describing them as weak and that they must take more stringent measures in dealing with the protests.

Technical analysis

  

The euro against the dollar succeeded in confirming the breach of the 1.1170 level after closing the daily candle above it, to support the continuation of the bullish trend scenario effectively during the coming period, opening the way towards heading towards our next main target that reaches 1.1295.

 

Therefore, we await further gains today with support from the EMA50, noting that stability above 1.1170 is important to continue the suggested bullish direction.

 

The expected trading range for today is between 1.1100 support and 1.1290 resistance.

 

Expected trend for today: bullish.

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Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its bounce for the third session from the top since May 18, disregarding the decline in the US dollar index to its lowest since March 13, according to the inverse relationship between them ...

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Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its bounce for the third session from the top since May 18, disregarding the decline in the US dollar index to its lowest since March 13, according to the inverse relationship between them on the cusp of developments and economic data expected today Wednesday by the US economy, the world's largest economy, and in the shadows and pricing of investors to reopen global economies in exchange for tensions between Washington and Beijing, and the protests in the United States.

 

At exactly 03:32 am GMT, gold futures contracts for next August delivery fell 0.13% to trade at $ 1,731.50 an ounce compared to the opening at $ 1,733.70 per ounce, knowing that the contracts started the session’s trading on a falling price gap after it concluded trading Yesterday at $ 1,734.00 an ounce, while the US dollar index fell 0.11% to 97.46 compared to the opening at 97.57.

Investors are currently awaiting by the US economy the disclosure of preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the loss of 9,000 thousand jobs compared to the loss of 20,236 thousand jobs last April, and this comes hours before the disclosure after tomorrow, Friday On the monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of May.

 

This comes before we witness the final reading of the Markit Service Supply Institute index by Markit for the United States, which may reflect a contraction of shrinkage to 37.2 compared to a value of 36.9 in the initial reading for the last month and against a contraction at 26.7 in April, and before the disclosure of the index reading Factory orders, which may show a widening decline to 13.7% compared to 10.3 last March.

 

To reveal the reading of the Institute for Service Supply index that is important in that the service sector represents more than two-thirds of the gross domestic product of the United States, which may explain the contraction shrinkage to 44.2 compared to 41.8 in April, otherwise, according to the latest figures issued by The World Health Organization has increased the number of cases infected with the Coronavirus by more than 6.19 million, and 376,320 people have died in 216 countries.

 

In another context, the markets assessed the possibilities of the US military deploying in the United States to suppress the strikes and violent demonstrations in the cities over the killing of George Floyd of African descent at the hands of the American police, after the curfew failed to contain the massive protests that included violence and looting with the demonstrators taking to the streets after weeks Closings during the Corona pandemic, which caused millions to lose their jobs.

 

It is worth noting that these extended strikes taking place in America have reinforced concern about the coronary virus outbreak more broadly among these human groupings and restored concerns about the chances of recovery for the economy that is just emerging from the Great Depression in the thirties of the last century, and Trump on Monday criticized the deans of the states American, while describing them as weak and that they must take more stringent measures in dealing with the protests.

 

Technical analysis

  

The price of gold made negative trades yesterday to approach the pivotal support 1719.00, and fluctuates around the EMA50 now, noting that the stochastic indicator has rid of its negative momentum and reaches the oversold areas in the sale, waiting for the price to be stimulated to resume the expected bullish trend for the next period, which targets a level 1764.00 tentatively.

 

Thus, the bullish trend scenario will remain valid and active for today, noting that breaching 1719.00 will push the price to test the most important support at 1691.10 before any new positive attempt.

 

The expected trading range for today is between 1715.00 support and 1760.00 resistance.

 

Expected trend for today: bullish.

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The fluctuation of the US dollar in a narrow range tilted towards the decline during the Asian session to witness its rebound from above since April 9 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data ...

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The fluctuation of the US dollar in a narrow range tilted towards the decline during the Asian session to witness its rebound from above since April 9 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected today Wednesday by the US economy, the largest economy in the world Investors are preparing to reopen global economies in exchange for escalating protests in the United States.

 

At exactly 05:51 am GMT, the US dollar pair fell against the Japanese yen by 0.11% to 108.56 levels compared to the opening levels at 108.68 after the pair achieved its lowest level during the trading session at 108.42, while achieving the highest in two months at 108.85.

 

Investors are currently awaiting by the US economy the disclosure of preliminary data for the labor market with the release of the index of change in private-sector jobs, which may reflect the loss of 9,000 thousand jobs compared to the loss of 20,236 thousand jobs last April, and this comes hours before the disclosure after tomorrow, Friday On the monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of May.

 

This comes before we witness the final reading of the Markit Service Supply Institute index by Markit for the United States, which may reflect a contraction of shrinkage to 37.2 compared to a value of 36.9 in the initial reading for the last month and against a contraction at 26.7 in April, and before the disclosure of the index reading Factory orders, which may show a widening decline to 13.7% compared to 10.3 last March.

 

To reveal the reading of the Institute for Service Supply index that is important in that the service sector represents more than two-thirds of the gross domestic product of the United States, which may explain the contraction shrinkage to 44.2 compared to 41.8 in April, otherwise, according to the latest figures issued by The World Health Organization has increased the number of cases infected with the Coronavirus by more than 6.19 million, and 376,320 people have died in 216 countries.

 

In another context, the markets assessed the possibilities of the US military deploying in the United States to suppress the strikes and violent demonstrations in the cities over the killing of George Floyd of African descent at the hands of the American police, after the curfew failed to contain the massive protests that included violence and looting with the demonstrators taking to the streets after weeks Closings during the Corona pandemic, which caused millions to lose their jobs.

 

Technical analysis

  

The dollar pair rose against the yen strongly yesterday, breaching the 108.00 level and resuming the bullish track, reinforcing expectations of achieving more rise during the coming period, as it moves inside an intraday bullish channel that appears in the image, which supports the chances of achieving our main positive objective awaited at 109.22.

 

Thus, the bullish trend scenario will remain valid for the upcoming period, which may be preceded by some temporary bearish slope with the effect of stochastic negative negativity, noting that stability above 107.35 is important for the continuation of the suggested rise.

 

The expected trading range for today is between 107.70 support and 109.22 resistance.

 

Expected trend for today: bullish.

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GOLD 

The support level 1720.0 is holding back sellers. A downward truncated M30 level pattern has formed, it ended with the breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The breakout of 1729.40 will result in the formation of an ...

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GOLD 

The support level 1720.0 is holding back sellers. A downward truncated M30 level pattern has formed, it ended with the breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The breakout of 1729.40 will result in the formation of an ascending pattern within the wave (C) of the H4 level.

Trading recommendations:

Buy above 1729.40.

Stop loss: 1720.0.

Target levels: 1744.0; 1753.0.

If the price falls to the support level of 1720.0, cancel the trading plan.

The GOLD rate online: monitor the movement of an instrument in real time.

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EURUSD 

The pair is at 1.1200, supported by the strong growth in demand for risk assets amid the new signs of the global economic growth: recent manufacturing data in Europe, Asia, and the US. The pair may continue to consolidate if May’s unemployment data to be released today ...

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EURUSD 

The pair is at 1.1200, supported by the strong growth in demand for risk assets amid the new signs of the global economic growth: recent manufacturing data in Europe, Asia, and the US. The pair may continue to consolidate if May’s unemployment data to be released today in Germany isn’t worse than the expected 200,000 after April’s 373,000.

Technical side:

The price is at the upper Bollinger band, above SMA 5 and SMA 14. RSI entered the overbought zone, but continues to grow. Stoch are also in the overbought zone.

Trading recommendations:


If the pair fixes above 1.1200 amid the positive news from Germany, it will continue to grow first to 1.1240, and then to 1.1280.

The EURUSD rate online: monitor the movement of the pair in real time.

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#AIR

Stock markets are showing strong growth amid the easing of quarantine measures.

Airbus Group shares look undervalued in comparison with other companies, having regained only a small part of the lost positions. The support level of 48.18 with a bullish divergence has held back sellers. Stochastic Oscillator shows ...

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#AIR

Stock markets are showing strong growth amid the easing of quarantine measures.

Airbus Group shares look undervalued in comparison with other companies, having regained only a small part of the lost positions. The support level of 48.18 with a bullish divergence has held back sellers. Stochastic Oscillator shows a steady growth from the oversold zone.

Trading recommendations:

Buy above 64.22.

Stop Loss: 57.00.

Target levels: 74.60; 90.00.

The #AIR shares online: monitor the movement of the shares in real time.

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The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session to witness its rebound from above since January 27 against the US dollar after the economic developments and data that were adopted today by the Australian economy and on the cusp of the decisions ...

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The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session to witness its rebound from above since January 27 against the US dollar after the economic developments and data that were adopted today by the Australian economy and on the cusp of the decisions and directions of the Reserve Bank of Australia and amid the scarcity of data Economic by the American economy the largest economy in the world.

 

At exactly 02:35 am GMT, the Australian dollar pair declined against the US dollar by 0.25% to 0.6781 levels compared to the opening levels at 0.6798, after the pair achieved its lowest level during the trading session at 0.6777, while the pair achieved its highest in five months when 0.6813.

 

This followed us on the Australian economy, the release of the current account reading, which showed the widening of the surplus to 8.4 billion Australian dollars compared to 1.7 billion Australian dollars in the fourth quarter, outperforming the expectations that indicated the expansion of the surplus to 6.3 billion Australian dollars, and this came amid looking forward to the activities of the Bank of Australia meeting The Reserve and the Australian Central Bank revealed the interest rate statement amid expectations to hold it at its lowest level ever at 0.25%.

 

In another context, markets assessed the possibilities of the US military deploying in the United States to suppress social strikes and violent demonstrations in cities over the killing of George Floyd of African descent by the police, after the curfew failed to contain massive protests that included violence and looting with demonstrators taking to the streets after weeks Closings during the Corona pandemic, which has caused millions to lose their jobs.

 

It is worth noting that these expanded strikes taking place in America have strengthened concern about the coronary virus outbreak more broadly among these human groupings and restored fears about the chances of recovery for the economy that is just emerging from the Great Depression in the thirties of the last century. American, while describing them as weak and that they must take more stringent measures in dealing with the protests.

Technical analysis

  

The Australian dollar versus the US dollar made a positive trading yesterday, exceeding the level of 0.6774 and settling above it, which supports the expectations of the extension of the bullish wave in the short and medium term, with a reminder that our next stop reaches 0.6900.

 

Thus, the bullish trend scenario will remain valid and active for the upcoming period, noting that a break of 0.6745 may press the price to test 0.6684 then 0.6645 areas before any new attempt to rise.

 

The expected trading range for today is between 0.6720 support and 0.6850 resistance.

 

Expected trend for today: bullish.

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The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second session from the top since March 17 against the US dollar on the cusp of developments and economic data expected today by the economies of the ...

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The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second session from the top since March 17 against the US dollar on the cusp of developments and economic data expected today by the economies of the euro area and amid the scarcity of economic data by the economy, The American is the largest economy in the world.

 

At 05:54 am GMT, the euro against the US dollar fell 0.03% to 1.1133 levels, compared to the opening levels at 1.1136 after the pair achieved its lowest level during the trading session at 1.1119, while achieving the highest at 1.1139.

 

French markets, the second largest economy in the eurozone, are looking to France for the release of the Treasury budget for May before we witness by Spain, the fourth largest economy in the region, the release of the change in unemployment, which may show a rise of 230.3 thousand compared to a rise of 282.9 thousand in April. The past and this coincides with the National Day in Italy, the third largest economy in the euro area.

 

In another context, markets assessed the possibilities of the US military deploying in the United States to suppress social strikes and violent demonstrations in cities over the killing of George Floyd of African descent by the police, after the curfew failed to contain massive protests that included violence and looting with demonstrators taking to the streets after weeks Closings during the Corona pandemic, which has caused millions to lose their jobs.

 

It is worth noting that these expanded strikes taking place in America have strengthened concern about the coronary virus outbreak more broadly among these human groupings and restored fears about the chances of recovery for the economy that is just emerging from the Great Depression in the thirties of the last century. American, while describing them as weak and that they must take more stringent measures in dealing with the protests.

Technical analysis

  

The euro against the dollar fluctuates around the level of 1.1125, and needs a strong positive incentive that supports the chances of resuming the expected bullish direction for the coming period, which aims to test the 1.1170 level initially.

 

Overall, we continue to favor the bullish trend for the upcoming period with price stability above 1.1067, supported by the EMA50 that carries the price from below, noting that breaching the target level will extend the upside wave to reach 1.1295 as the next main station.

 

The expected trading range for today is between 1.1070 support and 1.1230 resistance.

 

Expected trend for today: bullish.

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Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, while neglecting the positive stability. Opening world economies against tensions between Washington and Beijing and the protests in the United States.

 

At exactly 03:55 AM GMT, gold price futures for next August delivery rose ...

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Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, while neglecting the positive stability. Opening world economies against tensions between Washington and Beijing and the protests in the United States.

 

At exactly 03:55 AM GMT, gold price futures for next August delivery rose 0.10% to trade at $ 1,752.10 per ounce compared to the opening at $ 1,750.30 per ounce, while the US dollar index rose 0.04% to 97.88 compared to the opening at 97.84.

 

We have followed the report, which touched upon the fact that Chinese officials asked state-owned agricultural companies to stop buying soybeans and pork from the United States, against the backdrop of US President Donald Trump's announcement last Friday that he would start taking measures to eliminate the special treatment of Hong Kong and punish officials in China and Hong Kong in addition to tracking Chinese companies operating in America.

 

This comes in the shadow of escalating tensions between Washington and Beijing in the wake of China’s approval last Thursday of a very interesting national security bill for Hong Kong, which threatens the hard-won trade deal between them, and it is reported that Trump chose last year to silence the Hong Kong democratic protests. Priority was given to a trade agreement with his Chinese counterpart, Xi Jinping, but relations later deteriorated, particularly with the Corona pandemic.

 

In another context, markets assessed the possibilities of the US military deploying in the United States to suppress social strikes and violent demonstrations in cities over the killing of George Floyd of African descent by the police, after the curfew failed to contain massive protests that included violence and looting with demonstrators taking to the streets after weeks Closings during the Corona pandemic, which has caused millions to lose their jobs.

Technical analysis

  

Gold price shows calm positive trading to move away from the EMA50, reinforcing expectations of the continuation of the bullish trend in the intraday and short term, pending testing the 1764.00 level which represents our first main goal, with a reminder that breaching this level will push the price to 1810.00 as a next station.

 

Thus, we will continue to favor the bullish trend for the upcoming period, noting that a break of 1719.00 will press the price to test the most important support at 1691.00 before any new positive attempt.

 

The expected trading range for today is between 1720.00 support and 1764.00 resistance.

 

Expected trend for today: bullish.

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