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April 2019

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session against the US dollar amid a lack of economic data from the Euro-zone economies, absent from the Good Friday holiday in most of the world's countries and on the eve of ...

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session against the US dollar amid a lack of economic data from the Euro-zone economies, absent from the Good Friday holiday in most of the world's countries and on the eve of economic developments and data expected Friday by the US economy The world's largest economy.

At 04:10 GMT, the EURUSD rose 0.06% to levels of 1.1237 compared to the opening at 1.1231, after reaching the highest level at 1.1242, while reaching a low of 1.1229.

Investors are currently waiting for the US economy to release housing market data with the Housing Starts and Building Permits reading, which may be up in March as building permits are expected to show a 0.7% rise to 1,300,000 versus a decline 1.6% to 1,296 thousand, and construction starts up 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:


EUR / USD traded below 1.1243 after yesterday's negative pressure, where the SMA 50 formed a strong resistance to the price, which might push the price to test the pivotal support 1.1180, but we note that Stochastic is shedding its positive momentum in the signal for a factor Positive may push the price to recover again.

Therefore, we prefer to stop on the neutral until we get a clearer signal for the next direction, which we will get through breaking support 1.1180 or break resistance 1.1243, noting that the breach of this resistance will reactivate the scenario of the temporary upward trend targeting 1.1350 and 1.1443 mainly , While breaking the support will press the price to continue the bearish trend in the short and medium term, to turn towards 1.1100 as a next negative station.

The trading range for today is among the key support at 1.1160 and resistance at 1.1330

The expected general trend for today: neutral

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Gold futures fluctuated in a narrowly bullish range during the Asian session, in the process of ending their longest daily losing streak since October 2016, showing a dip since December 27 amid the negative stability of the dollar index according to the inverse relationship between them On the eve of ...

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Gold futures fluctuated in a narrowly bullish range during the Asian session, in the process of ending their longest daily losing streak since October 2016, showing a dip since December 27 amid the negative stability of the dollar index according to the inverse relationship between them On the eve of developments and economic data expected on Friday by the US economy, the largest economy in the world and amid the absence of most of the global financial markets because of the holiday on Good Friday.

Gold futures for June delivery rose 0.13% to currently trade at $ 1,277.90 an ounce, reversing a four-month low against the opening at $ 1,276.20 per ounce, amid a decline in the US $ 0.01 index. % To 97.41 compared to the opening at 97.42.

Investors are currently waiting for the US economy to release housing market data with the Housing Starts and Building Permits reading, which may be up in March as building permits are expected to show a 0.7% rise to 1,300,000 versus a decline 1.6% to 1,296 thousand, and construction starts up 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:


Gold continues to fluctuate around the 1275.30 level. The negative impact of the Tri-Triad pattern continues to be effective. Therefore, our bearish outlook remains valid for the coming period, supported by negative pressure formed by the moving averages, awaiting targets of 1253.20 and 1231.13 respectively.

Recall that the continuation of the expected bearish direction depends on stability below 1275.30 and 1282.00 levels.

The trading range for today is among the support at 1253.20 and resistance at 1282.00

The general trend for today is bearish

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The US dollar fluctuated in a tight range slipping during the Asian session to see its rebound for the third session since December 20 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of ...

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The US dollar fluctuated in a tight range slipping during the Asian session to see its rebound for the third session since December 20 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of disclosure of market data American housing amid the absence of the US market because of the Good Friday holiday there.

At 05:47 GMT, the pair dropped 0.05% to 111.91 compared to the opening levels at 111.98 after the pair reached a low of 111.90 and a high of 1122.01.

On the Japanese economy, we saw the National Consumer Price Index (NFP) annual reading, which showed growth accelerated to 0.5% in line with expectations compared to 0.2% in February, while the annual reading of the same index excluding fresh food excluding energy and fresh food accelerated growth to 0.8% compared to the previous reading and expectations at 0.7%, and stability at 0.4% is consistent with expectations.

On the other hand, investors are looking for the US economy to release data on the housing market with the reading of both the Construction Starts Index and Construction Permit, which may reflect a rise in March, where construction permits are expected to rise 0.7% to 1,300K. Compared to a drop of 1.6% at 1,296 thousand. Initial construction starts may also rise 5.9% to 1,230,000 versus 8.7% at 1,162 homes.

Technical analysis:


The USDJPY pair has been trading sideways and narrowly recently and remains steady below 112.12, noting that Stochastic is beginning to provide a negative cross signal on the four hour time frame, which is an incentive to wait for the pair to resume the expected bearish trend for the coming period, targeting Levels of 111.44 then 110.86 mainly.

Keep in mind that a breach of 112.12 will halt the expected decline and push the price to resume the bullish trend in the short term.

The trading range for today is among the key support at 111.10 and resistance at 112.60

The general trend for today is bearish

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There is no new movement in the Amazon stock as the stock continues to rise after the support level stood at 1765.27 against the price to continue the upward trend towards the target near the level of 1890.43

The price fluctuates above the moving averages 7-7 and 20 ...

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There is no new movement in the Amazon stock as the stock continues to rise after the support level stood at 1765.27 against the price to continue the upward trend towards the target near the level of 1890.43

The price fluctuates above the moving averages 7-7 and 20 which support the price to rise and continue in the bullish path.

Stochastic in the overbought area and out of it may push the price for a correction and retest of support

The expected movement between 1765.27 support and 1890.43 resistance

General direction of the movement: upward

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USDCAD

The pair is trading within the range of 1.3280–1.3385. The current situation may last as long as early next week due to the contradictory signals that dominate the markets. On one hand, it’s the unclear future of the oil prices growth, on the other hand ...

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USDCAD

The pair is trading within the range of 1.3280–1.3385. The current situation may last as long as early next week due to the contradictory signals that dominate the markets. On one hand, it’s the unclear future of the oil prices growth, on the other hand, it’s the expected interest rates reduction by the Fed and no prospects of increasing interest rates by the Bank of Canada.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is moving horizontally above the level of 50%. Stoch are moving down.

Trading recommendations:

Sell the pair as it’s growing, approximately from 1.3385 with a likely reversal and drop to 1.3280.

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USDCAD

The pair is trading within the range of 1.3280–1.3385. It’s balanced by both the potential weakness of the USD and the lack of indications of interest rates hike in Canada. Even the growing crude oil prices can’t significantly support the CAD rate due to ...

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USDCAD

The pair is trading within the range of 1.3280–1.3385. It’s balanced by both the potential weakness of the USD and the lack of indications of interest rates hike in Canada. Even the growing crude oil prices can’t significantly support the CAD rate due to the lasting uncertainty on the world markets.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving horizontally slightly above the level of 50%. Stoch are in the overbought territory.

Trading recommendations:

Sell the pair against the backdrop of positive data from the US from approximately 1.3385 with a likely reversal downwards to 1.3280.

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The US dollar fell during the Asian session to witness a rebound to the second session of its highest since December 20 against the Japanese yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of developments and ...

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The US dollar fell during the Asian session to witness a rebound to the second session of its highest since December 20 against the Japanese yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of developments and economic data expected Thursday by the US economy The world's largest economy.

At 05:51 GMT, the USDJPY declined 0.17% to 111.87, compared to the opening levels at 112.06, after recording a low of 111.85 and a high of 112.07.

We followed the release of Markit Industrial PMI's preliminary reading of Japan, the world's third-largest industrial country, which showed deflation shrank to 49.5 from 49.2 in March, beating expectations of deflation to 49.4, A reading below 50 indicates a contraction of the sector, while reading at 50 or higher reflects a widening of the sector.

In another context, Bank of Japan Governor Haruhiko Kuroda said Tuesday that monetary easing could be expanded if inflationary pressures in his country are lost, as inflation is debated despite strong conditions in the labor market, adding that there is no need to change The Japanese central bank's target for inflation at 2 percent for the moment, explaining that investment fund purchases are not to stabilize the financial markets.

Japan's central bank governor Kuroda also noted that exports are somewhat weak due to the slowdown in global economic growth, noting that capital spending is very strong and that he expects his country's economy to continue to grow moderately. He said earlier this week that Japan's economy slowed slightly during Recently, wage growth has been somewhat frustrating.

Kuroda said at the time that Japan's labor productivity grew faster than other developed countries, which weighed heavily on inflationary pressures. He said there was a rise in prices in the labor-intensive sector, with the expectation that the next step would be to cut interest rates. The Japanese central bank has time to make a decision, adding that the yen is stable between 110 and 120 per US dollar and that the current levels are satisfactory.

On the other hand, investors are currently looking for the US economy to detect a reading of retail sales, which accounts for about half of consumer spending, which accounts for more than two thirds of US GDP, which could reflect a 0.9% rise versus a 0.2% fall in February, The core reading of the index itself rose 0.7% from 0.4% in February.

This comes in conjunction with the April 13th Jobless Claims reading, which may reflect an 11,000 increase in demand to 207,000 versus 196,000, and the Philadelphia Manufacturing Index, which may reflect a contraction to 11.2 Compared to 13.7 in March, before we saw the initial reading of the PMI Index by the US.

It is expected that the initial reading of the PMI index for America will extend to 52.8 compared to 52.4 in March, while the preliminary reading of the PMI may show a contraction of 55.0 to 55.3, leading to a reading of wholesale stocks that may indicate slower growth To 0.3% versus 0.8% in January, and leading indicators showed accelerated growth to 0.4% versus 0.2% in February.

Technical analysis:


The USD / JPY pair continues to fluctuate near the 112.14 level, and some slight bearishness is seen with the opening of today's trading, awaiting further downside during the upcoming sessions to visit 111.30 and then 110.86 mainly.

Overall, we continue to hold the downside if 112.14 is not breached and the daily closing is above it.

The trading range for today is among the key support at 111.10 and resistance at 112.60

The general trend for today is bearish

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Gold futures fluctuated in a tight range slipping towards the Asian session after yesterday's gains of the year 2019 were offset by the longest daily losing streak since October 2016 amid the positive stability of the US dollar index on the back of developments And economic data expected Thursday ...

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Gold futures fluctuated in a tight range slipping towards the Asian session after yesterday's gains of the year 2019 were offset by the longest daily losing streak since October 2016 amid the positive stability of the US dollar index on the back of developments And economic data expected Thursday by the US economy, the largest economy in the world.

Gold futures for June delivery fell 0.13% to currently trade at $ 1,274.50 per ounce, its lowest since December 26 compared to the opening at $ 1,276.20 an ounce. USD 0.01% to 97.02 compared to the opening at 97.01.

Investors are currently waiting for the US economy to disclose the reading of retail sales, which account for about half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect a rise of 0.9% versus a 0.2% drop in February. Up 0.7% from 0.4% in February.

This is in line with the April 13th Jobless Claims reading, which may reflect an 11,000-point increase to 207,000, and the Philadelphia Manufacturing Index, which may reflect a contraction of 11.2 versus 13.7 in March, In March, before we saw the initial reading of Markt Industrial and Service PMI by Markit from the United States.

It is expected that the initial reading of the PMI index for America will extend to 52.8 compared to 52.4 in March, while the preliminary reading of the PMI may show a contraction of 55.0 to 55.3, leading to a reading of wholesale stocks that may indicate slower growth To 0.3% versus 0.8% in January, and leading indicators showed accelerated growth to 0.4% versus 0.2% in February.

In addition, the markets are looking at the ongoing trade negotiations between the United States and Japan in Washington, as well as the recent negotiations with Beijing and the protectionism that the US administration intends to take with the European Union, threatening Brussels to respond and impose customs duties as well. About the EU's support for the European Airbus competition for the Boeing Company of America.

Technical analysis:


The price of gold confirmed the breach of 1275.30 after closing the daily candlestick below it, which supports the continuation of our expectations for the downside trend effectively during the coming period, paving the way for the move towards 1253.20 and then 1231.13 as the next main targets.

We note that the expected decline is affected by the completion of the three-way triangle pattern. The price is under constant negative pressure from SMA 50, taking into consideration that breaching the levels of 1275.30 and 1282.00 will push the price to test the level of 1302.60 again before any new attempt to decline.

The trading range for today is among the support at 1253.20 and resistance at 1282.00

The general trend for today is bearish

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The single currency of the European Union region fluctuated throughout the Asian session against the US dollar on the brink of economic developments and data expected Thursday by the Euro-Zone economies and the US economy, the world's largest economy.

At 4:37 am GMT, the EURUSD dropped 0.02 ...

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The single currency of the European Union region fluctuated throughout the Asian session against the US dollar on the brink of economic developments and data expected Thursday by the Euro-Zone economies and the US economy, the world's largest economy.

At 4:37 am GMT, the EURUSD dropped 0.02% to 1.1294 compared to the opening at 1.1296, after the pair reached a low of 1.1290 and a high of 1.1301.

The markets are currently waiting for the euro zone's biggest economy to see the Producer Price Index (PPI), a preliminary indicator of inflationary pressures, which could reflect 0.2% growth versus 0.1% contraction in February, while the index's annual reading could see growth accelerating to 2.7% Compared with 2.6% in the previous February reading.

This is due to the fact that both the French economy and the economy of the region as a whole have seen the initial reading of the Markit Index for industrial and service purchasing managers this month, which may reflect the shrinking of the service sector, the expansion of the industrial sector in France, the contraction of the service sector and contraction of the industrial sector in Germany, To the contraction of the expansion of the service sector and shrink industrial contraction in the economies of the region as a whole.

Otherwise, we followed yesterday the European Trade Commission, Cecilia Malmstrom, that the European Union may impose customs duties on US products, including aircraft, chemicals in addition to food products, such as frozen fish and citrus estimated at $ 20 billion, explaining that this is part of the work to support European companies compete on fair and equal terms.

Cecilia Malmström recently reported that the European Union would respond to US $ 11 billion tariffs on European goods within two days and that it was ready to start trade talks with the United States at any time, against the background of the dispute between Washington and Brussels The first support of Boeing and the other support to Airbus Europe.

On the other hand, investors are currently looking for the US economy to detect a reading of retail sales, which accounts for about half of consumer spending, which accounts for more than two thirds of US GDP, which could reflect a 0.9% rise versus a 0.2% fall in February, The core reading of the index itself rose 0.7% from 0.4% in February.

This comes in conjunction with the April 13th Jobless Claims reading, which may reflect an 11,000 increase in demand to 207,000 versus 196,000, and the Philadelphia Manufacturing Index, which may reflect a contraction to 11.2 Compared to 13.7 in March, before we saw the initial reading of the PMI Index by the US.

It is expected that the initial reading of the PMI index for America will extend to 52.8 compared to 52.4 in March, while the preliminary reading of the PMI may show a contraction of 55.0 to 55.3, leading to a reading of wholesale stocks that may indicate slower growth To 0.3% versus 0.8% in January, and leading indicators showed accelerated growth to 0.4% versus 0.2% in February.

Technical analysis:


The narrow range continues to dominate the EUR / USD, which continues to fluctuate around the SMA 50 so that there is no change in the expected bullish intraday scenario, which depends on stability above 1.1235 and 1.1180, while its main targets are at 1.1350 and 1.1443.

The trading range for today is expected among the 1.1200 support and 1.1380 resistance

The expected general trend for today: temporarily bullish

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There is no new change in Cisco, where the price continues to rise and achieve new historical levels despite yesterday's close of the session

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic is out of the ...

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There is no new change in Cisco, where the price continues to rise and achieve new historical levels despite yesterday's close of the session

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic is out of the overbought area so we will probably see a correction

The general trend of the movement is bullish

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