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March 2019

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its sixth session retreat in nine sessions from its lowest since June 26, 2017 against the US dollar on the eve of economic developments and data expected Tuesday by the ...

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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 sixth session retreat in nine sessions from its lowest since June 26, 2017 against the US dollar on the eve of economic developments and data expected Tuesday by the economies of the region The Euro and the center of anticipation for the launch of the meeting of the Federal Open Market Committee in Washington.

At 04:56 GMT, the EURUSD rose 0.10% to 1.1348, compared to the opening at 1.1337, after hitting a high of 1.1349, while reaching a low of 1.1334.

The markets are watching for Italy's trade balance to be the third-largest economy in the eurozone, which could show a contraction of the surplus to 3.45 billion euros from 3.66 billion euros in December, before we see the ZEW economic confidence survey for Germany, the region's largest economy and the economies of the region as a whole. Which may reflect contraction contraction in Germany to 11.0 versus 13.4 in the region as a whole to 15.1 versus 16.6 in February.

On the other hand, investors are now eyeing the FOMC meeting on Wednesday and Wednesday amid expectations that Fed policymakers will keep interest rates at between 2.25% and 2.50% and move forward in reducing bond buybacks With $ 50 billion a month and market pricing to raise the federal funds rate once this year.

Investors are also looking to expose FOMC members to expectations of growth and unemployment as well as inflation and future interest rates for the next three years ahead of Fed Chairman Jerome Powell's forthcoming press conference, which recently announced the Fed's intention to be patient and monitor economic data before resuming policy tightening. Cash or not.

Technical Analysis


EURUSD starts today with a new bullish trend to stay out of support for the bullish intraday channel that is holding the price from the 1.1176 zones. Stochastic is providing a positive cross signal on the upside, supporting the bullish outlook for the upcoming sessions and the way ahead for achieving our main target Expected at 1.1420.

Therefore, we will continue to tilt the upside move for today unless the 1.1270 level is broken and stability below it.

The trading range for today is expected between 1.1270 and 1.1440 support

The general trend for today is bullish

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The Australian dollar fluctuated in a narrow range slipping into the Asian session to see its rebound to its second highest session since the beginning of this month against the US dollar following the economic developments and data followed Tuesday by the Australian economy and on the eve of the ...

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The Australian dollar fluctuated in a narrow range slipping into the Asian session to see its rebound to its second highest session since the beginning of this month against the US dollar following the economic developments and data followed Tuesday by the Australian economy and on the eve of the launch of the meeting of the Federal Open Market Committee in Washington.

At 02:48 GMT, the AUDUSD fell 0.03% to 0.7102 compared to the opening levels of 0.7104, after reaching a low of 0.7090, while the pair reached a high of 0.7111.

We have followed the speech of Assistant Governor of the Reserve Bank of Australia, Trevor Kent, under the title "Bonds and Standards" at the Sydney Summit of Kangnos, before we see the minutes of the Reserve Bank of Australia meeting held on the fifth of this month, Cash rates were set at 1.50% for the 29th consecutive meeting, which was then agreed.

We also followed the Australian economy to reveal housing market data with the release of the house price index, which showed a widening of the decline to 2.4% compared to 1.5% in the third quarter, worse than expectations of a broad decline to 1.9%. In the same context, the annual reading The same index also widened to 5.1% from 1.9% in the previous quarter's previous reading, also worse than expectations for a 5.0% decline.

On the other hand, investors are now eyeing the FOMC meeting on Wednesday and Wednesday amid expectations that Fed policymakers will keep interest rates at between 2.25% and 2.50% and move forward in reducing bond buybacks With $ 50 billion a month and market pricing to raise the federal funds rate once this year.

Investors are also looking to expose FOMC members to expectations of growth and unemployment as well as inflation and future interest rates for the next three years ahead of Fed Chairman Jerome Powell's forthcoming press conference, which recently announced the Fed's intention to be patient and monitor economic data before resuming policy tightening. Cash or not

Technical Analysis


The AUDUSD continues to fluctuate towards the SMA 50 which is holding back the price action, and the price needs to break above this barrier to confirm the continuation of the uptrend during the coming sessions, with our next target at 0.7250.

In general, we continue to extend the bullishness over the intraday basis unless the level of 0.7044 is broken and the daily closing is below it.

The trading range for today is expected among the support at 0.7060 and the resistance at 0.7200

The general trend for today is bullish

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EURUSD

The pair jumped above 1.1325 due to expectations that the Fed meeting will confirm the lack of intention of hiking interest rates this year.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought territory and is growing. Stoch ...

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EURUSD

The pair jumped above 1.1325 due to expectations that the Fed meeting will confirm the lack of intention of hiking interest rates this year.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought territory and is growing. Stoch have reversed upwards.

Trading recommendations:

If the pair remains above 1.1335, it may continue growing to 1.1400.

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The EUR continues to move within the 7-day rally after rebounding from the March 8 bottom as the US dollar index closed for the sixth session in eight sessions from its highest since June 21, 2017 according to the inverse correlation Despite the lack of economic data for Monday the ...

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The EUR continues to move within the 7-day rally after rebounding from the March 8 bottom as the US dollar index closed for the sixth session in eight sessions from its highest since June 21, 2017 according to the inverse correlation Despite the lack of economic data for Monday the European economy and before the developments and economic data expected on Monday by the US economy.

Today, in the opening session of the Asian session, the euro rose against the US dollar by 0.15% to the level of 1.1333 after opening today's session at 1.1320, recording the highest price of 1.1337 and the lowest price of 1.1317.

We are looking at the US economy today to release housing market data with the National Housing Association's Housing Index reading, which has widened to 63 versus 62 in February. The most important news for this week is the FOMC meeting tomorrow Tuesday and Wednesday in Washington.

As the Federal Reserve monetary policy makers are expected to keep interest rates between 2.25% and 2.50% at the March 19-20 meeting and move forward with a 50% Fed interest rates once this year and announced plans to stop reducing the reduction of bond buybacks.

Investors are also looking to expose FOMC members to their expectations of growth and unemployment as well as inflation and future federal funds for the next three years ahead of Fed Chairman Jerome Powell's recent press conference on the Fed's determination to be patient and monitor economic data before resuming. The tightening of monetary policy.

Technical Analysis


The EURUSD managed to close above the resistance level at 1.1212 last week and opened today's session above this level to continue the bullish trend towards 1.1361 supported by the positive pressure coming from the moving averages 20-7 which is below the price and the momentum to rise to target 1.1361 where the moving average 50 at this level is therefore a very strong resistance to the price

The Stochastic in the overbought area gives a bearish cross signal between its lines, so if it leaves the region, we will likely see a decline in the Euro to support 1.1312

We are in a bullish path provided that the trading remains above 1.1312 where the movement between 1.1280 support and resistance is 1.1361

Support and resistance:

Support: 1.1312-1.1280-1.1257

Resistance: 1.1361-1.1400-1.1443

The general trend of the movement is bullish

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The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its sixth session rebound in seven sessions from its lowest level since January 4 against the US dollar amid tight economic data by the Australian economy in the first session of the week and on ...

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The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its sixth session rebound in seven sessions from its lowest level since January 4 against the US dollar amid tight economic data by the Australian economy in the first session of the week and on the eve of economic developments and data Expected on Monday by the US economy, the world's largest economy.

At 02:41 GMT, the AUDUSD rose 0.13% to 0.7094 compared with the opening levels of 0.7085, after recording a high of 0.7095 and a low of 0.7078.

Investors are eyeing the Australian economy later in the day for what will be the speech by Assistant Governor of the Reserve Bank of Australia, Trevor Kent, under the title "Bonds and Standards" at the Sydney Summit of Kangnos.

On the other hand, markets are looking for the US economy to release the housing index by the National Association of Home Builders, which may reflect a widening to 63 vs. 62 in February, and this comes hours before the launch of the meetings of the Federal Open Market Committee tomorrow and Wednesday in Where Fed policymakers may keep interest rates at between 2.25% and 2.50%.

Technical Analysis


AUDUSD was able to break through the 0.7090 level with today's opening, which supports our bullish outlook for the coming sessions and the price is nearing our awaited first target at 0.7125, noting that exceeding this level will push the price towards 0.7250 as a next stop.

Therefore, the bullish trend will remain bullish for today, provided that the pair maintains stability above 0.7044.

The trading range for today is expected among the support at 0.7060 and the resistance at 0.7200

The general trend for today is bullish

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Gold futures fluctuated in a range that is likely to retreat during the Asian session as the dollar index rebounded to a sixth session in eight sessions from its highest since June 21, 2017, according to the inverse relationship between them ahead of developments and economic data expected Monday by ...

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Gold futures fluctuated in a range that is likely to retreat during the Asian session as the dollar index rebounded to a sixth session in eight sessions from its highest since June 21, 2017, according to the inverse relationship between them ahead of developments and economic data expected Monday by the US economy .

Gold futures for April delivery fell 0.28% to currently trade at $ 1,298.60 per ounce from the opening at $ 1,302.00 per ounce, while the US dollar index fell 0.08% to 96.49 compared to the opening at 96.57.

We are looking at the US economy today to release housing market data with the National Housing Association's Housing Index reading, which has widened to 63 versus 62 in February. The most important news for this week is the FOMC meeting tomorrow Tuesday and Wednesday in Washington.

As the Federal Reserve monetary policy makers are expected to keep interest rates between 2.25% and 2.50% at the March 19-20 meeting and move forward with a 50% Fed interest rates once this year and announced plans to stop reducing the reduction of bond buybacks.

Investors are also looking to expose FOMC members to their expectations of growth and unemployment as well as inflation and future federal funds for the next three years ahead of Fed Chairman Jerome Powell's recent press conference on the Fed's determination to be patient and monitor economic data before resuming. The tightening of monetary policy.

Technical Analysis


The support level has held back 1301.60 against the gold that fell below it with the opening of today's session. Where SMA 50 is a very strong resistance to a price at this level.

In general, gold moves between the moving averages that form support and price resistance levels.

The Stochastic has given a bearish cross and is headed down towards the oversold area in a negative signal on the price to fall towards the support level of 1293.52.

The movement is expected to be between the support of 1293.53 and the resistance of 1309.65. The resistance level 1301.60 remains the dividing line between up and down

The general trend of the movement is a side-track between the levels mentioned above

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The US dollar fluctuated in a tight range sloping towards the Asian session to continue the bullish session for the 7th session after rebounding from the bottom on March 8 and is still resuming its weekly gains for the fifth week in six weeks against the Japanese yen following the ...

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The US dollar fluctuated in a tight range sloping towards the Asian session to continue the bullish session for the 7th session after rebounding from the bottom on March 8 and is still resuming its weekly gains for the fifth week in six weeks against the Japanese yen following the Bank of Japan's decisions and trends during the week And on the eve of developments and economic data expected today two years by the US economy, the largest economy in the world.

Today, in the opening session of the Asian session, the US dollar rose against the Japanese yen to 111.54, compared to the opening levels of 111.45, after reaching a high of 111.60.

The Japanese economy released the results of the trade balance (seasonal rate), which showed an improvement in the results of 0.12T compared to the deficit in the previous reading -0.29T. The results of February's trading results were also released with an improvement of 339B vs. -1.416B

Then we saw the release of industrial production, which gave an improvement of 3.4% compared to the previous value of 3.7%

On the other hand, markets are looking for the US economy to release the housing index by the National Association of Home Builders, which may reflect a widening to 63 vs. 62 in February, and this comes hours before the launch of the meetings of the Federal Open Market Committee tomorrow and Wednesday in Where Fed policymakers may keep interest rates at between 2.25% and 2.50%.

Technical Analysis


The USD / JPY pair tested a new 111.40 level and maintained its stability above it, starting today with a bullish bias and approaching 111.67, awaiting a breach of this level to confirm the rally towards 112.07 which is our next main target.

Therefore, we will continue to tilt the upside during the coming sessions provided that the price remains stable above 111.00, noting that Stochastic is providing a positive cross signal now supports the chances of breaching the above level.

The trading range for today is among the key support at 111.00 and resistance at 112.50

The general trend for today is bullish

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Sberbank continues to be in a sideways range between 201.86 and resistance 219.21

In a sideways move closer to the downside under the influence of the moving averages 7-20-50

The averages are moving above the price in the descending order thus increasing the probability of a drop and ...

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Sberbank continues to be in a sideways range between 201.86 and resistance 219.21

In a sideways move closer to the downside under the influence of the moving averages 7-20-50

The averages are moving above the price in the descending order thus increasing the probability of a drop and test the support level 201.86

The continuation of SMA 50 in motion and the cross-price is the catalyst for price for movement and support testing

The stochastic is forming a bearish cross between its lines and heading towards the oversold area in a signal of bearish probability and support testing.

The expected movement between 193.43 support and resistance. 219.20

General direction of movement: sideway

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GBPUSD

The pair is trading at the level of 1.3245 in anticipation of the Brexit vote next week on Thursday. It’s likely to remain within this range until then.

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

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GBPUSD

The pair is trading at the level of 1.3245 in anticipation of the Brexit vote next week on Thursday. It’s likely to remain within this range until then.

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

Trading recommendations:

If the pair remains below 1.3245, it may continue down to 1.3100.

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The US dollar fluctuated in a tight range slipping into the Asian session to see its rebound from its highest since March 6 while it is still resuming its weekly gain for the fifth week in six weeks against the Japanese Yen following the Bank of Japan's decisions and ...

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The US dollar fluctuated in a tight range slipping into the Asian session to see its rebound from its highest since March 6 while it is still resuming its weekly gain for the fifth week in six weeks against the Japanese Yen following the Bank of Japan's decisions and guidance on the eve of the upcoming economic developments and data. On Friday by the US economy, the world's largest economy.

At 06:06 GMT, the USDJPY dropped 0.04% to 111.66 from the opening levels at 111.70 after recording a low of 111.49 and a week high of 111.90.

We followed the BOJ's decision to hold negative interest rates at 0.10%, which was expected in the markets, coinciding with the release of the monetary policy statement in which BOJ monetary policy makers expressed growing external risk that threatens to impede the fragile economic recovery, Amid signs of weak exports, which is the nerve of the world's third largest economy, which saw its biggest drop in two years by the beginning of the year.

We note that the weak demand for Japanese exports by China in January followed the slow growth of the Chinese economy in the past at the lowest pace since 1990 as a result of the US-China trade war following Washington under the leadership of US President Donald Trump For trade protectionism, may eventually weigh heavily on industrial production in Japan, which has seen its worst performance in the year.

The central bank's monetary policy makers maintained their view that the economy was moderately expanding, but added in the statement of monetary policy that "exports and production were affected by the slowing growth abroad", in contrast to "the economy was moderately expanding" only in the previous statement. , Governor of the Bank of Japan Haruhiko Kuroda said at a press conference after the meeting on moving forward stimulus to support the economy.

On the other hand, the markets are currently looking for the US economy to release the New York Manufacturing Index, which may reflect a widening to 10.1 vs. 8.8 in February before the world's largest industrial producer is reading the Industrial Production Index May show a 0.4% rise versus a 0.6% drop in January, and the energy utilization index showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan consumer confidence index, which may reflect a widening to 95.5 versus 93.8 in February with the release of consumer expectations for inflation for one year to come and five years ahead, in conjunction with the publication of a statistical employment opportunities and job rotation that may Reflecting a decrease to 7.27 million versus 7.34 million last December.

Technical Analysis


The pair opened today's trading session with a significant drop to test the support of the ascending channel appearing in the picture, and the pair is rising again and moving above 111.67, keeping the bullish scenario intact so far, waiting for initial testing at 112.07, Rising wave to reach 113.00 as the next target.

Therefore, we will maintain our bullish trend unless 111.00 is broken and stability below it.

The trading range for today is among the key support at 111.00 and resistance at 112.50

The general trend for today is bullish

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