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British Prime Minister Theresa Mae and British Prime Minister Herce Mae, in a speech to the British parliament, The European Union signed an exit agreement on Sunday.

At 5:38 am GMT the GBPUSD pair rose 0.03% to 1.2816, compared to the opening levels at 1.2797

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British Prime Minister Theresa Mae and British Prime Minister Herce Mae, in a speech to the British parliament, The European Union signed an exit agreement on Sunday.

At 5:38 am GMT the GBPUSD pair rose 0.03% to 1.2816, compared to the opening levels at 1.2797

British Prime Minister Teresa Mae said that the British people voted to stop freedom of movement within the United Kingdom and that a specific migration regime would be put in place, adding that the sovereignty of Gibraltar would not be affected and that we were proud to belong to the United Kingdom. On the island of Gibraltar, with the knowledge that under the current agreement, the Kingdom will decide who has the right to fish within its territorial waters.

She said that the United Kingdom respects its financial obligations and there is a time frame for the payment of our commitments during the transitional period, adding that the political declaration clarifies what the future relations with the EU will be and shows that its government will not be able to sign a trade agreement until after the formal exit from the European Union To all members of the British Parliament taking into account the interests of the United Kingdom before the vote.

Technical Analysis:

GBPUSD is back at 1.2800 in an attempt to break it, noting that Stochastic is offering a negative cross signal and is approaching trading in the oversold area, and that the moving averages are breaching a resistance barrier above the price. Waiting for price action to breach the mentioned level to enhance opportunities to target 1.2636, which is our next major stop.

From here, we continue to push the bearish trend in the coming sessions unless the 1.2962 level is breached and stability above it.

The trading range for today is expected among 1.2700 support and 1.2900 resistance.

Support and resistance:

Support: 1.2797-1.2744-1.2696

Resistance: 1.2754-1.2900-1.2975

The general trend for today is bearish

Author: Maher Maarouf

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The single currency of the European Union region fluctuated in a narrowly bearish range during the US session to see it return to the third session in five sessions from its highest since November 7 against the US dollar following developments and economic data followed Monday by the Eurozone economies ...

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The single currency of the European Union region fluctuated in a narrowly bearish range during the US session to see it return to the third session in five sessions from its highest since November 7 against the US dollar following developments and economic data followed Monday by the Eurozone economies. European Central Bank (ECB) Governor Mario Draghi's testimony came before the European Parliament's Economic and Monetary Affairs Committee and amid a lack of economic data from the US economy earlier this week.

At 5:13 am GMT, the EURUSD rose 0.1% to 1.1336, compared to the opening levels of 1.125 after the pair hit a 16-month low of 1.1324.

We followed the German economy, the euro zone's largest economy, to reveal the reading of the IFO Business Climate Index, which showed a narrowing to 102.0 versus 102.9 in October, worse than expected at 102.3, before the ECB Governor Mario Draghi In Brussels, during which he confirmed his vision of the importance of ending the cash availability program in the coming month of December.

Draghi said there is still enough basis to support the ECB's monetary policymakers' confidence that inflationary pressures will gradually rise to the target during the volatile period and that higher wages will support further inflation spikes, adding that market expectations for long-term inflation are stable and still consistent with ECB forecast, adding that the economy still needs some degree of monetary stimulus.

This came just hours after European Council President Donald Tusk announced that the EU's 27 members had ratified the UK exit agreement regularly and the final declaration on the future relationship between the EU and the UK. In the same vein, German Finance Minister Olaf Schulz said his country was prepared for both scenarios, a systematic and unregulated exit of Britain from the European Union.

Technical Analysis:

The EUR/USD pair resumed its negative trading today, approaching the 1.1300 level again. The bearish trend remains on the short and short term, relying on stability below 1.1443, with a reminder that breaking the target will push the price towards 1.1181 as the next major station.

The Euro is trading below the moving averages that are pushing the price lower. While the Stochastic is floating in the oversold area in a bearish move signal

Support and resistance:

Support: 1.1294-1.1216-1.1180

Resistance: 1.1341-1.1386-1.1443

General Trend: Down

Author: Maher Maarouf

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EURUSD

The pair is trading above 1.1325 as investors await the G20 summit and the Brexit vote in the British Parliament. It’s likely to remain within the range of 1.1245–1.1460.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI ...

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EURUSD

The pair is trading above 1.1325 as investors await the G20 summit and the Brexit vote in the British Parliament. It’s likely to remain within the range of 1.1245–1.1460.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is slowly moving down. Stoch aren’t informative.

Trading recommendations:

If the pair passes the level of 1.1325, it may drop to 1.1265.

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Sberbank is moving in a sideways trend. Tends to rise. Trading above the moving averages 20-50- which are moving with each other, and that is pushing the price to rise but on condition closing above SMA7.

At the same time, there is a bullish cross for the Stochastic which is ...

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Sberbank is moving in a sideways trend. Tends to rise. Trading above the moving averages 20-50- which are moving with each other, and that is pushing the price to rise but on condition closing above SMA7.

At the same time, there is a bullish cross for the Stochastic which is likely to move higher.

The trading range between the support at 193.90 and the resistance is 201.80.

Support and resistance:

Support: 193.9-190.30-186.20-178.7;

Resistance: 201.90-206.60-211.36.

General inclination: sideways trend.

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Gold futures fell during the US session last Friday to form weekly losses amid resumption of the decline of the dollar index from the lowest since November 7 for the second session in four sessions.

Gold futures for December delivery fell 0.50% to close at $ 1,222.30 per ...

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Gold futures fell during the US session last Friday to form weekly losses amid resumption of the decline of the dollar index from the lowest since November 7 for the second session in four sessions.

Gold futures for December delivery fell 0.50% to close at $ 1,222.30 per ounce, compared to the opening at $ 1,228.00 per ounce, reaching a low of 1219.70, while the US dollar index rose 0.17% to 96.87. Rebound from its 2-week low against the opening at 96.71.

US President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to meet on the sidelines of the Group of 20 summit in Argentina this week amid market hopes of reaching a trade deal and resolving recent trade tensions among the world's biggest economists, warning of a global trade war in trade protectionism. The US administration has recently been pursuing with all the countries of the world, headed by China.

Technical analysis:

Gold tested the support level last Friday and failed to break it, keeping the bullish trend. Gold is currently trading above SMA 50 while the resistance. The bullish trend is reinforced by breaking the price for this level.

Note that the Stochastic indicator gives bullish cross signals and this strengthens the bullish path.

The trading range for today is among the 1221 support and 1228 resistance.

Support and resistance:

Support: 1221.00-1216.00-1211.40-1208.6;

Resistance: 1228.00-1232.40-1238.30.

The overall trend is bullish.

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The US dollar fluctuated in a tight range slipping into the Asian session to see its sixth session drop in 10 sessions since its 4th high since October 4, while still resuming its weekly gains for the third week in four weeks against the Japanese yen amid tight economic data ...

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The US dollar fluctuated in a tight range slipping into the Asian session to see its sixth session drop in 10 sessions since its 4th high since October 4, while still resuming its weekly gains for the third week in four weeks against the Japanese yen amid tight economic data By the Japanese economy developments due to the World Thanksgiving holiday.

Today, at the opening of the Asian session, the greenback was up against the yen, with opening at 112.87, with a high of 113.26.

Technical analysis:

USDJPY has returned to the upside and traded within the ascending channel that was previously traded.

The pair is trading between the 50-7 moving averages and the 20 moving average from the top.

Stochastic is moving upwards in the bullish cross, reinforcing the bullish trend.

The trading range for today is between the support at 112.87 and the resistance at 114.00.

Support and resistance:

Support: 112.87-112.13-111.44;

Resistance: 113.5-114.03.

 

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The British pound weakened during the US session on Tuesday, the third consecutive weekly loss against the US dollar, amid a slump in economic data by the British economy and following economic developments and data followed by the US economy, the world's largest economy. 

GBPUSD closed down 0.77 ...

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The British pound weakened during the US session on Tuesday, the third consecutive weekly loss against the US dollar, amid a slump in economic data by the British economy and following economic developments and data followed by the US economy, the world's largest economy. 

GBPUSD closed down 0.77% to 1.2797 compared to the opening levels at 1.2878 after the pair hit a session low of 1.2796 and a high of 1.2883.

We have followed the statements of British Prime Minister Teresa Mai on the developments of the issue of Britain's exit from the European Union, which he said that if the British Parliament to reject the orderly exit agreement of the United Kingdom from the European Union, there will be more division and uncertainty, Parliament wants to stop the process of getting out of the Union and not go out.

Technical analysis:

GBPUSD continues in the downtrend as it trades around the 1.2800 support level. The moving averages 7-20-50 are pushing the price towards further downside. We wait for an intersection to get the perfect order.

The Stochastic is giving negative signals as it trades in the oversold area .

The trading range for today is among the support at 1.2745 and the resistance at 1.2895.

Support and Resistance:

Support: 1.2800-1.2745-1.2700;

Resistance: 1.2840-1.2865-1.2895.

The general trend of trading is bearish.

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EURUSD

The pair is slowly recovering after Friday’s drop caused by the negative data of the industrial and service business activity index in Germany and the eurozone. It’s trading below 1.1356. The pair may reverse downwards, if today’s data from Germany and the head of ECB ...

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EURUSD

The pair is slowly recovering after Friday’s drop caused by the negative data of the industrial and service business activity index in Germany and the eurozone. It’s trading below 1.1356. The pair may reverse downwards, if today’s data from Germany and the head of ECB Mario Draghi’s statement aren’t promising.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is growing. Stoch are leaving the oversold territory.

Trading recommendations:

If the pair doesn’t pass 1.1365, it may reverse downwards to 1.1300.

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The single currency of the euro area fell during the US session on Friday to see its second session in four sessions of its highest since November 7 and is poised to resume its weekly loss for the seventh week in nine weeks against the US dollar following developments and ...

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The single currency of the euro area fell during the US session on Friday to see its second session in four sessions of its highest since November 7 and is poised to resume its weekly loss for the seventh week in nine weeks against the US dollar following developments and economic data that followed on Friday from Before the economies of the euro area and the US economy the world's largest economy.

Where the EURUSD closed down compared with the opening levels at 1.1403 after the pair hit a 16-month low of 1.1338 and the highest at 1.1421.

Technical analysis:

The EUR continues to depreciate against the USD as it broke the support level of 1.1340 and headed towards the new support level of 1.1300.

The price is trading below the 50-20-7 moving averages and we await the intersection of SMA 20 and SMA 50 to consolidate the downside move.

The Stochastic is giving negative signals to support the downside move as it trades in the oversold area.

The trading range for today is among the key support at 1.1300 and the key resistance at 1.1443.

Support and resistance:

Support: 1.1340-1.1300-1.1216;

Resistance: 1.1380-1.1443-1.1500.

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Amazon shares continue to move in line with the downward trend that has started since October 1.

As it reached the level of support on Wednesday 1429.28 and rebounded in trading on Thursday and the price is still trading below the moving averages that push the price and push ...

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Amazon shares continue to move in line with the downward trend that has started since October 1.

As it reached the level of support on Wednesday 1429.28 and rebounded in trading on Thursday and the price is still trading below the moving averages that push the price and push it down further. We note that the Stochastic is trading near the area saturation of sale.

The trading range between support 1429.28 and resistance is 1617.71.

Support and resistance:

Support: 1429.28-1360.90

Resistance: 1617.70-1762.55

The overall path is bearish.

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