years on the market

Analytic reviews

Gold futures rose for the fourth session in a row for the fourth consecutive session since October 11 amid the decline of the dollar index for the third session in five sessions of its highest since 22 January 2017 following developments and data Economic growth that was followed Friday by ...

Read more...

Gold futures rose for the fourth session in a row for the fourth consecutive session since October 11 amid the decline of the dollar index for the third session in five sessions of its highest since 22 January 2017 following developments and data Economic growth that was followed Friday by the US economy, the world's largest economy.

Gold holdings at the SBDR Gold Trust Fund, the world's largest gold-backed fund, stabilized on Thursday for a second straight day at 761.16 metric tons. Gold prices last month ended their longest monthly losses since late 1996, rising in October for the first time in seven months.

Today, at the opening of the Asian markets opened the price of gold at 1221.9 levels and achieved the highest price of 1223.1 and the lowest price of 1219.9.

Technical analysis:

The price of gold traded positively and kept the price of gold steady above 1212.00.

The SMA 50 continues to support the price from the bottom, reinforcing expectations for a continuation of the bullish trend during the upcoming sessions.

Noting that our next main target is at 1238.30, and that the continuation of the expected rally depends on stability above 1212.00 and 1208.40. Which is an important condition for achieving the expected objectives.

Gold is currently trading above the moving averages 7-20 and 50 and waiting for the ideal arrangement, while the Stochastic is giving a bearish cross signal, which is a sign of a minor correction to the rally during the previous session.

The trading range for today is expected among the support at 1200.00 and the resistance at 1230.00.

Support and resistance:

Support: 1212.5-1208.6-1197.5;

Resistance: 1228.2-1235.0-1238.0.

The general trend for today is bullish.

Hide

Google shares rebounded last week, reaching 1062 per share, but it is trading below the moving averages of 7-20-50 and this will constitute a negative pressure on the stock, which leads to complete the bearish path.

The correct movement is reflected on the stochastic indicator where we see a bullish ...

Read more...

Google shares rebounded last week, reaching 1062 per share, but it is trading below the moving averages of 7-20-50 and this will constitute a negative pressure on the stock, which leads to complete the bearish path.

The correct movement is reflected on the stochastic indicator where we see a bullish cross on it.

Expected movement will be between the support1001 and the resistance 1080.

Support and resistance:

Support: 1033-1001;

Resistance: 1080-1105.

The general trend is bearish as long as trading remains below the moving averages.

 

Hide

The US dollar fell during the Asian session for the sixth session of its highest since October 4 against the Japanese yen amid a lack of economic data by the Japanese economy.

Technical analysis:

USDJPY has been able to achieve negative targets, and we see that the price breaks the ...

Read more...

The US dollar fell during the Asian session for the sixth session of its highest since October 4 against the Japanese yen amid a lack of economic data by the Japanese economy.

Technical analysis:

USDJPY has been able to achieve negative targets, and we see that the price breaks the support of the ascending channel to open the way for the short-term extension of the downside wave, targeting 112.46 and 111.97 as the next major stations.

Therefore, the bearish bias will be likely in the coming sessions with the support of moving below the SMA 50, unless the pair breached the 113.56 level and stability above it.

The Stochastic is moving in the oversold area, which is confirming the potential downtrend.

The trading range for today is expected among the key support at 111.80 and the resistance at 113.40.

Support and resistance:

Support: 112.70-112.11-111.80;

Resistance: 113.12-113.40-113.70.

The general trend for today is bearish.

Hide

The British pound fell nearly two percent during the US session to its lowest since October 31 against the US dollar following developments and economic data followed Thursday by the British economy and the US economy, which included the resignation of the Minister of the British exit from the European ...

Read more...

The British pound fell nearly two percent during the US session to its lowest since October 31 against the US dollar following developments and economic data followed Thursday by the British economy and the US economy, which included the resignation of the Minister of the British exit from the European Union Dominique Rab Of the government of Prime Minister Teresa Mae in protest against the draft agreement to leave the country from the Union followed by a series of resignations within the government and the ruling Conservative Party.

At 18:33 GMT, the GBPUSD fell 0.53% to 1.2908 compared to the opening levels at 1.2978 after the pair reached a low of 1.2882 and a high of 1.3036.

The UK Retail Sales report showed a 0.5% increase from 0.4% last September, above expectations of a 0.2% rise. The core reading of the same index excluding car fuel also showed a 0.4% drop compared to 0.3%. In September, also in contrast to expectations of a 0.2% rise.

In the same vein, the annual retail sales index showed growth slowing to 2.2% from 3.3% in the previous annual reading for September, below expectations of 2.8%. The core annual reading of the same index showed that growth slowed to 2.7% versus 3.6% Previous year for September, also below expectations at 3.4%.

Otherwise, we have followed some of the report that British Prime Minister Theresa May will hold a press conference later today and has not disclosed what her speech may contain, amid expectations that he might touch upon the draft of the UK exit agreement from the Union, which has received widespread criticism within Parliament British Prime Minister Tony Blair and British Prime Minister Tony Blair.

Technical Analysis

The pair ended yesterday's trading below 1.2800, putting the price under more negative pressure expected in the coming sessions, targeting 1.2636 as the next major stop.

Therefore, the bearishness will be likely to be supported today by the SMA 50 and the ideal arragment of the moving averages of 7-20-50, unless the price breaks to breach the level of 1.2962 and stability above it.

Stochastic is trading in the oversold area and gives a bearish signal in preparation for the exit this area

The trading range for today is expected among 1.2680 support and 1.2850 resistance

Support and resistance:

Support: 1.2746-1.2696-1.2636

Resistance: 1.2812-1.2875-1.2935-1.2975

The general trend for today is bearish

Hide

The single currency of the European Union region fluctuated in a narrow upward range to see its fifth session retreat from its lowest level since 22 January 2017 against the US dollar on the eve of economic developments and data expected Friday by the Euro-Zone economies and the US economy ...

Read more...

The single currency of the European Union region fluctuated in a narrow upward range to see its fifth session retreat from its lowest level since 22 January 2017 against the US dollar on the eve of economic developments and data expected Friday by the Euro-Zone economies and the US economy, which include European Central Bank Governor Mario Draghi spoke at the Frankfurt European Banking Conference.

At 5:31 am GMT, the EURUSD rose 0.10% to 1.1339, compared to the opening at 1.1328, after reaching a high of 1.1343, while reaching a low of 1.1322.

The markets are looking for the largest economies in the euro-zone Germany to release the wholesale price index, which may reflect a slowdown in growth to 0.2% from 0.4% last September, before we see the final annual reading of the consumer price index for the whole euro zone which may reflect acceleration Growth to 2.2% compared to the previous preliminary reading for October and the previous annual reading for the month of September 2.1%.

In the same context, the core final annual reading of the consumer price index for the euro zone as a whole may reflect a steady pace of growth of 1.1%, unchanged from the previous October preliminary reading and 0.9% in the previous annual reading for September , Leading to German central bank governor Jean Wiedmann at the Frankfurt European Banking Conference.

On the other hand, investors are looking ahead to the US economy, the world's largest industrial nation, to release industrial data for the month of October with the release of the Industrial Production Index, which may reflect a slowdown in growth to 0.2% versus 0.3% in September, The energy utilization rate, which may indicate a rapid growth rate to 78.1% compared with 78.3% in September.

Technical Analysis:

The EUR / USD pair has kept its daily close above 1.1300, to continue the bullishness over intraday and short term, motivation by Stochastics’ positive cross,  and awaiting a visit to 1.1443 which is our next main target.

The pair is trading above the 50 SMA which is probably to push the price towards the next target, provided stability above 1.1300 and the ideal arrangement for the moving averages is 7-20-50, respectively below the price level

Recall that the break of 1.1300 and stability below it will press the price to achieve negative targets starting at 1.1181.

The trading range for today is expected among the key support at 1.1250 and resistance at 1.1440

Support and resistance:

Support: 1.1330-1.1300-1.1250

Resistance: 1.1370-1.1400-1.1450

The general trend for today is bullish

Hide

Gold futures traded in a narrowly bullish range during the Asian session to see their fourth straight session bounce back since October 11 as the dollar index fell for a third session in five sessions from its highest since January 22 From 2017 according to the inverse relationship between them ...

Read more...

Gold futures traded in a narrowly bullish range during the Asian session to see their fourth straight session bounce back since October 11 as the dollar index fell for a third session in five sessions from its highest since January 22 From 2017 according to the inverse relationship between them on the eve of developments and economic data expected Friday by the US economy.

Gold futures for December delivery rose 0.10% to currently trade at $ 1,215.60 an ounce, showing a five-week decline from the opening at $ 1,214.40 per ounce, amid a drop in the dollar index 0.5% to 96.99 levels, indicating a resumption of the bounce from the top since early last year compared to the opening at 97.05.

Investors are eyeing the US economy to release industrial data for the month of October with the release of the Industrial Production Index, which could reflect a slower pace of growth to 0.2% versus 0.3% in September, and a reading of the Energy Utilization Index Growth accelerated to 78.1% from 78.3% in September.

Technical Analysis:

The price of gold closed yesterday's trading above 1212.00, which is a positive factor and we expect the price to rise during the coming sessions, targeting the 1238.30 level mainly.

Therefore, the bullish trend will be likely over the intraday basis supported by moving above SMA 50, and the Stochastic is floating in the overbought area.

With a break of 1212.00 then 1208.40 will stop the expected rally and press the price to resume the bearish main direction again.

The trading range for today is expected among the support at 1200.00 and the resistance at 1230.00

Support and resistance:

Support: 1212.0-1208.6-1203.0

Resistance: 1219.0-1224.0-1230.0

The general trend for today is bullish

Hide

The share price of Spear Bank rose, supported by moving averages and reached the upper limit of the down channel which has been trading in it since February 27, 2018.

The price is formed double top formation and this may push the price back to support levels.

We have to ...

Read more...

The share price of Spear Bank rose, supported by moving averages and reached the upper limit of the down channel which has been trading in it since February 27, 2018.

The price is formed double top formation and this may push the price back to support levels.

We have to be attention that breaking the top line of the channel and stability above it may end the bearish trend and push the price to rise towards resistance levels 220

The Stochastic has retreated from the oversold area it had previously reached and is now in a sideways path where the indicator line intersects, limiting the bearish movement.

Support points 198-192-183.

Trading range between support 183 and resistance 204.

The expected general trend: bearish.

Hide

USDJPY

The pair is trading on the level of 113.30, while remaining in a short-term uptrend. If this level is passed, a local fall is possible against the backdrop of the growing tension in the world’s markets.

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

Read more...

USDJPY

The pair is trading on the level of 113.30, while remaining in a short-term uptrend. If this level is passed, a local fall is possible against the backdrop of the growing tension in the world’s markets.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch have reversed downwards.

Trading recommendations:

After the pair passes 113.30 and takes hold below, it may drop to 112.80.

Hide

Gold futures fluctuated in a narrowly bearish range, shrugging off the dollar's fourth-day high since January 22, 2017, according to the inverse relationship between them after Federal Reserve Governor Jerome Powell spoke in Dallas on the eve of economic developments and data Which is expected on Thursday by the ...

Read more...

Gold futures fluctuated in a narrowly bearish range, shrugging off the dollar's fourth-day high since January 22, 2017, according to the inverse relationship between them after Federal Reserve Governor Jerome Powell spoke in Dallas on the eve of economic developments and data Which is expected on Thursday by the US economy, which includes another speech to Powell in Dallas and the talk of members of the Federal Committee Governor of the Federal Randall Quarls in Washington and President of the Federal Bank of Atlanta Rafael Postek in Madrid.

Gold futures for December delivery fell 0.12% to currently trade at $ 1,210.40 per ounce, compared with the opening at $ 1,211.80 per ounce, while the US dollar index fell 0.10% to 96.92. The highest since the beginning of last year compared to the opening at 97.01.

Federal Reserve Governor Jerome Powell, Federal Reserve Chairman and Federal Reserve Chairman Robert Kaplan, spoke about many economic issues at the Dallas Federal Reserve event, where he did not show any indication that broad volatility and recent declines in financial markets Global will play no role in Fed monetary policy decisions.

Otherwise, investors are looking ahead to the US economy to reveal the reading of retail sales, which account for about half of consumer spending, which accounts for more than two-thirds of the gross domestic product of the United States, the world's largest economy, which may reflect accelerated growth to 0.6% from 0.1% in September, While the core reading of the Retail Sales Index may show a 0.5% rise versus a 0.6% drop in September.

In conjunction with the reading of the index of claims for the week ending on 10 November, which may reflect a decrease of 1 thousand to 213 thousand applications compared to 214 thousand applications in the previous weekly reading, and the disclosure of reading PMI industrial for Philadelphia and New York, which may Showed a contraction in breadth over the past month as Philadelphia expanded to 20.1 versus 22.2 in New York and to 19.9 from 21.1.

Technical analysis:

The price of gold ended yesterday's trading below 1212.00, so the negative effect of the double top pattern remains effective, which encourages us to maintain our bearish outlook for the coming period. The price needs to break below 1208.40 and then 1200.00 to confirm the opening towards 1180.00 which represents our next target.

SMA 50 is a negative pressure to support the bearish outlook, noting that stability below 1212.00 is important for the continuation of the suggested negative scenario.

While the Stochastic indicator gives signs of a rise in the saturation zone of the buy

The trading range for today is among the support at 1190.00 and resistance at 1220.00

Support and resistance:

Support: 1208.6-1200.0-1195.80-1187.80

Resistance: 1212.0-1220.0-1224.5

The general trend for today is bearish

Hide

The British pound rose on Thursday after reports that British Prime Minister Theresa May had received support from her ministry for Britain's exit deal, Brexit.

The deal will keep the UK within the EU customs union for an unspecified period and include a 21-month transition period after leaving the ...

Read more...

The British pound rose on Thursday after reports that British Prime Minister Theresa May had received support from her ministry for Britain's exit deal, Brexit.

The deal will keep the UK within the EU customs union for an unspecified period and include a 21-month transition period after leaving the UK in March next year, according to the BBC.

Today, in the Asian session, GBPUSD rose to 1.3023 compared to the opening at 1.2982, after reaching a high of 1. 3023, while reaching a low of 1.2978

Markets are looking ahead to the release of retail sales, which is expected to show a growth of 0.2% after reading previous -0.8%

Technical analysis:

The pair returned to the dollar to settle above 1.2962 after trying to break it yesterday, keeping the bullish scenario intact so far, with the next key target at 1.3226.

Moving above SMA 50 supports the expected rally, while breaking 1.2962 will press the price to achieve negative targets starting at 1.2800.

While the Stochastic is still pointing upwards and heading towards the overbought area.

The trading range for today is expected among 1.2900 support and 1.3100 support.

Support and resistance:

Support: 1.300-1.2960-1.2930-1.2875;

Resistance: 1.3070-1.3100-1.3170.

The general trend for today is bullish.

 

 

Hide

Subscribe to analytical reviews

Сalendar

Choose your language