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June 2019

Google shares rise after the decline to reach the resistance 1099.43 at the rate of decline Fibonacci 61.8%

Price action under the negative pressure effect of the moving averages, especially the moving average 50 which is close to the resistance of 1183.80 and the 20 humped average ...

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Google shares rise after the decline to reach the resistance 1099.43 at the rate of decline Fibonacci 61.8%

Price action under the negative pressure effect of the moving averages, especially the moving average 50 which is close to the resistance of 1183.80 and the 20 humped average that moves above the price.

The stochastic is out of the overbought areas in a bearish signal so the price may correct.

General direction of the movement: a downward trend.

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NEW YORK (Reuters) - Gold futures traded in a narrowly bullish range during the Asian session as the US dollar fell, showing a rebound to the second high session since June 3, according to the inverse relationship between them on the eve of economic developments and data expected Tuesday by the ...

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NEW YORK (Reuters) - Gold futures traded in a narrowly bullish range during the Asian session as the US dollar fell, showing a rebound to the second high session since June 3, according to the inverse relationship between them on the eve of economic developments and data expected Tuesday by the US economy's largest economy In the world, which includes the launch of the meeting of the Federal Open Market Committee in Washington.

Gold futures for August delivery fell 0.07% to currently trade at $ 1,344.90 per ounce from the opening at $ 1,343.90 an ounce, with the US dollar index dropping 0.08% to 97.45 compared to the opening at 97.53.

Investors are currently looking for the US economy to release housing data with the Housing Starts and Building Permits reading for May, where we expect to see about 1,290,000 building permits versus 0.6% at 1,296K in April, Initial construction may also show little stability at 1,235,000 homes, down from 5.7% in April.

This comes in line with the launch of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations for growth rates, inflation and unemployment in addition to To the future of interest rates for the next three years, before the events of the press conference of Federal Reserve Governor Jerome Powell on Wednesday.

We would like to point out that the Federal Reserve Governor Powell recently expressed the Federal Reserve's uncertainty about how and when the trade tensions will be resolved, noting that the Federal Commission takes seriously inflationary pressures for an extended period that may affect inflation expectations later, The Federal Reserve is abandoning its policy of patience and cutting interest rates on federal funds in the coming period.

In another context, we followed at the beginning of this week, President Donald Trump said that the presence of his counterpart, Chinese President Shi Jin Ping, the G20 summit, which will be held on 28-29 June in the city of Osaka, Japan, whether it is not important, His country's trade deal is likely to come from China in the end.

In the same context, US Commerce Secretary Wilbur Ross yesterday noted that there is a chance to reach a trade agreement between Washington and Beijing, but that will not happen during the events of the G20 summit, explaining that the negotiations with China is complex and will not be confirmed results until a deal is reached, To the US administration through its results on trade negotiations, while addressing the desire of his country to achieve a genuine free trade in the car markets.

On the other hand, the Ministry of Commerce announced yesterday that it decided to increase the anti-dumping duties imposed on certain types of imports from America and Europe, especially steel alloys, to 58% to 147%. That it had increased tariffs on 28 US products, in response to the recent imposition by the US administration of duties on imports of steel and aluminum.

Technical Analysis

Gold price was based on SMA 50 yesterday and started to rebound from there, approaching the 1346.70 level now, awaiting a breach of this level to confirm the continuation of the expected short-term and short term scenario, with the next key target at 1365.25.

Keep in mind that stability above 1326.00 is important to achieve the suggested targets, as breaching it will press the price lower towards the 1302.60 zones before any new attempt to rise.

The trading range for today is among the support at 1330.00 and resistance at 1360.00.

The general trend for today is bullish.

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its rebound to its third-lowest session since June 6 against the US dollar on the eve of economic developments and data expected Tuesday by the Eurozone economies and the US ...

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its rebound to its third-lowest session since June 6 against the US dollar on the eve of economic developments and data expected Tuesday by the Eurozone economies and the US economy in the world.

At 04:43 GMT, the pair rose 0.12% to 1.1232, compared to the opening at 1.1218, the pair's lowest during the session, while the pair reached a high of 1.1234.

The markets are currently looking for ECB's Draghi's talk at the ECB's central bank meeting in Portugal. Otherwise, investors in the euro area's largest economies are waiting for a statistical reading of confidence in the economy, which may reflect a contraction of 5.7 versus 2.1 last May.

This comes in conjunction with the release of a statistical reading of confidence in the economy of the Euro-Zone economies as a whole, which may also show the contraction of the contraction to 3.6 against 1.6 in May, also with the publication of the seasonally adjusted index of the trade balance of the euro as a whole, which may reflect shrinking Surplus to 16.4 billion euros from 17.9 billion euros in March.

Investors are also eyeing the economy of the euro-zone as a whole to release inflation data with the release of the annual reading of the consumer price index, which may reflect a stable growth of 1.2%, unchanged from the previous reading in May, compared with 1.7% growth in April Last April, and the core annual reading of the index itself may show a stable growth of 0.8% versus 1.3% in April.

Otherwise, we have followed at the beginning of this week German Economy Minister Peter Altmeyer expressed the importance of the European Union and the United States to start trade talks immediately, noting that the trade agreement between the EU and the United States should include the abolition of all tariffs on industrial goods, He also noted that China and Europe are economic partners, but they differ at the same time.

German Minister of Economy Altmeier noted that German companies need an equal market in China and that this will be discussed in Beijing later this week, adding that the intellectual property protection file should be discussed with China. He pointed out that Europe agrees with China that The importance of the continuation of the WTO to resolve trade disputes despite the recent US embargo on the Organization.

On the other hand, investors are currently looking for the US economy to release data on the housing market with the reading of the Construction Starts Index and Construction Permits for May, where we expect to see about 1,290 thousand building permits against 0.6% at 1,296K. April, as initial homes may show stability stabilizing little changed at 1,235,000 homes versus a 5.7% drop in April.

This comes in line with the launch of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations for growth rates, inflation and unemployment in addition to To the future of interest rates for the next three years, before the events of the press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

EURUSD is showing more narrow fluctuation around SMA 50, and the pair remains stable above the 1.1180 support level, while Stochastic is entering oversold areas.

Therefore, we believe that opportunities are available to resume the expected bullish direction for the coming period, which depends on stability above the aforementioned support, while targets start to breach the 1.1265 level to confirm the rally towards 1.1443 as the next major station.

The trading range for today is expected among the key support at 1.1150 and resistance at 1.1310.

The general trend for today is bullish.

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The Australian dollar fluctuated in a tight range slipping towards the Asian session to see its sixth session rebound in eight sessions from its highest since May 8 against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and ...

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The Australian dollar fluctuated in a tight range slipping towards the Asian session to see its sixth session rebound in eight sessions from its highest since May 8 against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and economic data expected on Tuesday from Ahead of the US economy, the world's largest economy.

At 0217 GMT, the AUDUSD rose 0.10% to 0.6846, compared to the opening levels of 0.6853, after hitting its lowest level since January 3 at 0.6840, while its highest During the trading session at 0.6857.

Australian Reserve Bank released the minutes of the April 4 meeting of the Reserve Bank of Australia, in which the monetary policy makers at the Reserve Bank of Australia (ACB) approved a short-term benchmark interest rate cut of 25 basis points for the first time in nearly Three years to 1.25% from 1.50%, which was expected by analysts in the markets at the time.

This came in conjunction with the release of Australian housing market data with the reading of the house price index, which showed a widening of the decline to 3.0% compared to 2.4% in the fourth quarter, worse than expectations of a widening of the decline to 2.5%, as evidenced by the annual reading of the same index also widening The drop to 7.4% vs. 5.1% in the previous quarter's fourth quarter was also worse than the 6.9% drop.

On the other hand, investors are currently looking for the US economy to release data on the housing market with the reading of the Construction Starts Index and Construction Permits for May, where we expect to see about 1,290 thousand building permits against 0.6% at 1,296K. April, as initial homes may show stability stabilizing little changed at 1,235,000 homes versus a 5.7% drop in April.

This comes in line with the launch of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations for growth rates, inflation and unemployment in addition to To the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

AUDUSD succeeded in achieving our awaited target at 0.6860 and breached it to confirm the short term extension of the downside wave, paving the way towards 0.6707 which is our next main target.

Therefore, we are awaiting further downside during the coming sessions, supported by the negative pressure formed by SMA 50, noting that stability below 0.6860 is a prerequisite for the continuation of the suggested decline.

The trading range for today is expected among the support at 0.6750 and the resistance at 0.6860.

The general trend for today is bearish.

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The dollar fell during the Asian session to see its rebound for the second session of its highest since June 11 against the Japanese yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of developments and economic data expected Tuesday by ...

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The dollar fell during the Asian session to see its rebound for the second session of its highest since June 11 against the Japanese yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of developments and economic data expected Tuesday by the US economy, the largest economy the world.

At 05:54 am GMT, the pair dropped 0.23% to 108.29 compared with the opening levels at 108.55 after the pair reached a low of 108.26 and a high of 108.60.

Investors are currently waiting for the US economy to release data on the housing market with the Housing Starts and Building Permits readings for May, where we expect to see about 1,290,000 building permits versus 0.6% at 1,296K in April , And the start-up homes may show little stability at 1,235,000 homes, down from 5.7% in April.

This comes in line with the launch of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations for growth rates, inflation and unemployment in addition to To the future of interest rates for the next three years, before the events of the press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

USDJPY is starting to trade negatively today to attack the support of the bullish intraday channel that appears in the image and break it, to activate the negative impact of the bearish flag pattern formed by this channel, which supports our expectations of continuing the bearish trend effectively during the coming sessions. 106.75 as the next main target.

Therefore, the bearish trend will remain valid for the coming period unless the breach of 108.80 is breached above.

The trading range for today is expected among the key support at 107.50 and the resistance at 108.80.

The general trend for today is bearish.

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USDCAD

The pair is testing the strong resistance level of 1.3415 while receiving support due to the ambiguous crude oil prices and expectations of the Bank of Canada following the Fed in their decision to reduce interest rates.

The price is above the middle Bollinger band, above SMA 5 ...

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USDCAD

The pair is testing the strong resistance level of 1.3415 while receiving support due to the ambiguous crude oil prices and expectations of the Bank of Canada following the Fed in their decision to reduce interest rates.

The price is above the middle Bollinger band, above SMA 5 and sMA 14. RSI is again crossing the overbought territory. Stoch are reversing upwards.

Trading recommendations:

Buy the pair as it breaks out and takes hold above 1.3415 with a possible further growth to 1.3500.

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The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second session in a row since June 7 against the Japanese Yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of economic ...

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The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second session in a row since June 7 against the Japanese Yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of economic developments and data expected today Monday by the US economy, the world's largest economy.

At 05:51 am GMT, the pair rose 0.05% to 108.61 compared to the opening levels at 108.48 after recording a high of 108.70 and a low of 108.39. The pair started trading this week on a low price gap after closing last week at 108.56 levels.

Investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect a contraction to 12.1 versus 17.8 in May before we see housing market data released with the housing index reading by the Association National home builders, which may reflect an expansion to $ 67 versus $ 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

USDJPY is showing fresh positive trading near the pivotal resistance of 108.80. Stochastic is showing a large oversold area, which supports downside opportunities to resume the expected bearish trend for the coming period, targeting 108.00 initially.

Recall that breaching the mentioned level will push the price towards 106.75 as the next major station, while stability below 108.80 is an important condition for the continuation of the suggested decline.

The trading range for today is expected among the support at 107.80 and the resistance at 109.10.

The general trend for today is bearish.

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Gold futures fluctuated in a tight range slipping during the Asian session to see their rebound for the second consecutive session from its highest since April 11, 2018, shedding the dollar index for the first time in four sessions according to the inverse relationship between them on the eve Developments ...

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Gold futures fluctuated in a tight range slipping during the Asian session to see their rebound for the second consecutive session from its highest since April 11, 2018, shedding the dollar index for the first time in four sessions according to the inverse relationship between them on the eve Developments and economic data expected Monday by the US economy, the largest economy in the world.

Gold futures for August delivery fell 0.01% to currently trade at $ 1,345.30 per ounce compared with the opening at $ 1,345.50 an ounce. The contracts closed last week at $ 1.344.50 an ounce, while the decline From the US dollar 0.02% to the levels of 97.50 compared to the opening at 97.52, knowing that the index ended last week at 97.57.

Investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect a contraction to 12.1 versus 17.8 in May before we see housing market data released with the housing index reading by the Association National home builders, which may reflect an expansion to $ 67 versus $ 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years before the launch of the press conference of the Governor of the Federal Reserve Jerome Powell.

We would like to point out that the Federal Reserve Governor Powell recently expressed the Federal Reserve's uncertainty about how and when the trade tensions will be resolved, noting that the Federal Commission takes seriously inflationary pressures for an extended period that may affect inflation expectations later, The Federal Reserve is abandoning its policy of patience and cutting interest rates on federal funds in the coming period.

Technical Analysis

Gold found it difficult to hold steady above 1346.70, noting that the price starts today with a bullish upward trend in the direction of resuming positive attempts, in conjunction with Stochastic reaching oversold areas, Breaching the mentioned level to open the way towards the 1365.25 which represents our next main target.

From here, our bullish trend will remain supported by SMA 50, provided that the pair remains stable above 1326.00.

The trading range for today is among the support at 1330.00 and resistance at 1360.00.

The general trend for today is bullish.

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to appeal to the second session of its session since June 6 against the US dollar on the eve of developments and economic data expected Monday by the largest economies of the ...

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to appeal to the second session of its session since June 6 against the US dollar on the eve of developments and economic data expected Monday by the largest economies of the euro zone Germany and the US economy The world's largest economy.

At 4:15 am GMT, the EURUSD rose 0.11% to 1.1220, compared to the opening at 1.1213, after recording a high of 1.1224, while reaching a low of 1.1205. This week's trading on a bullish price gap after closing last week at 1.1208 levels.

Investors in Germany are waiting for the release of the German central bank's monthly report before we see ECB President Mario Draghi deliver the opening remarks at the ECB's central bank meeting in Portugal. We are expected to see ECB President Draghi at the same forum For central banks on Tuesday.

On the other hand, investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect the contraction of the widening to 12.1 versus 17.8 in May before we witness the release of housing market data with the Housing Index reading By the National Association of Home Builders, which may reflect an expansion to the value of 67 versus 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

EURUSD oscillates around SMA 50 and holds steady above 1.1180 so far, noting that Stochastic is negating its negative momentum significantly to reach the oversold areas, posing a positive incentive that is expected to help push the pair higher again. .

Therefore, the main bullish scenario will remain intact for the coming period unless the 1.1180 level is broken and stability below it, with our main target expected to reach 1.1443.

The trading range for today is among the key support at 1.1150 and resistance at 1.1300.

The general trend for today is bullish.

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The Australian dollar rose during the Asian session to see its rebound to its second-lowest session since January 3 against the US dollar amid a lack of economic data by the Australian economy earlier this week and on the eve of developments and economic data expected Monday by the US ...

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The Australian dollar rose during the Asian session to see its rebound to its second-lowest session since January 3 against the US dollar amid a lack of economic data by the Australian economy earlier this week and on the eve of developments and economic data expected Monday by the US economy largest economy In the world.

At 2:14 am GMT, the AUDUSD rose 0.13% to 0.6881, compared to the opening levels of 0.6869, after reaching a high of 0.6882, while achieving a low of 0.6867. That the pair started the week's trading on a low price gap after closing last week at 0.6872 levels.

Markets are looking ahead to Tuesday's Reserve Bank of Australia's release of the minutes of the April 4 meeting of the Reserve Bank of Australia, in which monetary policy makers cut short-term benchmark interest rates by 25 basis points for the first time in nearly three years to 1.25% From 1.50%, which was expected by analysts at the time.

On the other hand, investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect the contraction of the widening to 12.1 versus 17.8 in May before we witness the release of housing market data with the Housing Index reading By the National Association of Home Builders, which may reflect an expansion to the value of 67 versus 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

AUDUSD continues to fall to the target of 0.6860, and the price is under continuous negative pressure coming from the 50 MA, reinforcing the chances of continuation of the bearish trend in the coming sessions, noting that the next target extends to 0.6707 after breaking the previous level .

Therefore, we will continue to hold the bearishness on the intraday basis unless the level of 0.6970 is breached.

The trading range for today is expected among the support at 0.6820 and resistance at 0.6920.

The general trend for today is bearish.

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