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The single currency of the European Union region rose to its lowest level since January 22, 2017 against the US dollar and following Fed Governor Jerome Powell's speech in Dallas and on the eve of economic developments and data expected Thursday by the economies of the region The euro ...

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The single currency of the European Union region rose to its lowest level since January 22, 2017 against the US dollar and following Fed Governor Jerome Powell's speech in Dallas and on the eve of economic developments and data expected Thursday by the economies of the region The euro and the US economy, which include another speech to Paul in Dallas and the talk of the Federal Committee members, are Governor of the Federal Randall Quarles in Washington and President of the Federal Reserve Bank Rafael Postek in Madrid.

At 04:55 GMT, the EURUSD rose 0.25% to 1.1338 compared to the opening at 1.1310, after reaching a high of 1.1339, while reaching a low of 1.1308.

The markets are currently looking for Eurozone economies as a whole to unveil a seasonally adjusted trade balance index, which could reflect a contraction of the surplus to 16.4 billion euros from 16.6 billion euros last August. Investors are looking for developments in Britain's exit from the European Union In the wake of the negotiators of the parties reached a draft agreement and the approval of the British Council of Ministers yesterday.

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 November 10, which may reflect a decrease of 1 thousand to 213 thousand applications compared to 214 thousand requests in the previous weekly reading, and the disclosure of the readings of industrial purchasing managers of 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.

To the forthcoming speech by Federal Reserve Governor Jerome Powell again at the event hosted by the Dallas Dallas Reserve Bank on Hurricane Recovery efforts before we see Federal Reserve Chairman and Fed Chairman Rafael Postk talking about monetary policy at the Center Takaful International in the Spanish capital Madrid

Technical analysis:

The EURUSD closed yesterday's trading above 1.1300, leading the pair to a bullish intraday trend, targeting 1.1443 in the coming sessions, supported by the positive sign from Stochastic.

Thus, the bullish trend will be likely for today unless the 1.1300 level is broken and stability below it again.

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

Support and resistance:

Support: 1.1300-1.1250-1.12150;

Resistance: 1.1330-1.1357-1.1400.

The general trend for today is bullish.

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EURUSD

The pair is trading on the support level of 1.1335 in expectation of the US consumer inflation data. If the inflation pressure is stronger, the pair may reverse downwards.

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

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EURUSD

The pair is trading on the support level of 1.1335 in expectation of the US consumer inflation data. If the inflation pressure is stronger, the pair may reverse downwards.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is growing. Stoch are also growing.

Trading recommendations:

If the US data is string, the price may drop to 1.1220.

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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 22 January 2017 against the US dollar on the eve of developments and economic data expected Wednesday by Euro-Zone economies and the economy ...

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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 22 January 2017 against the US dollar on the eve of developments and economic data expected Wednesday by Euro-Zone economies and the economy. The largest economy in the world.

At 05:02 GMT, the EURUSD rose 0.02% to 1.1292, compared to the opening at 1.1290, after reaching a high of 1.1320 and a low of 1.1286.

The markets are currently waiting for the euro zone's largest economy to show a seasonally adjusted quarterly GDP reading for the third quarter, which could reflect a contraction of 0.3% versus a 0.5% growth in the second quarter, while the seasonally adjusted annual reading of the same index may show slower growth To 1.2% compared to 2.3% in the previous annual reading for the second quarter.

On the other hand, investors are looking for the US economy to detect inflation data with the release of the consumer price index, which may reflect the acceleration of growth to 0.3% compared to 0.1% in September, and may show the same annual reading of the same growth accelerated to 2.5% 2.3% in the previous annual reading for the month of September.

Markets are also looking for a substantial Core CPI reading, which could reflect a 0.2% growth in growth versus 0.1% in September, while the annual reading of the same index may show a 2.2% growth stability, before we witness the testimony of a Federal Committee member and Reserve Governor Federal Randall Quarles on banking supervision and regulation before the Financial Services Committee of the House of Representatives in Washington.

Technical analysis:

The EUR / USD pair continued its rally yesterday to test the 1.1300 level and settle around it now. As the daily close below this level, the bearish scenario will remain intact, awaiting a rebound to target 1.1180 as the next major station.

Keep in mind that a break of 1.1300 will stop the negative scenario and lead the price to initially test the 1.1443 level.

The stochastic indicator reached the overbought area and started giving bearish signals. Currently, the pair is trading above the SMA7-SMA20 moving averages, giving momentum to the upside but at the same time moving SMA 50 on the downside. This strengthens the resistance strength of 1.1300.

The trading range for today is expected among the key support at 1.1180 and resistance at 1.1370.

Support and resistance:

Support: 1.1230-1.1180-1.1100;

Resistance: 1.1300-1.1350-1.1400.

The general trend for today is bearish.

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Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its second lowest session since October 11 as the US dollar index rebounded to its third high since January 22, 2017 According to the inverse relationship between them following the developments and economic ...

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Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its second lowest session since October 11 as the US dollar index rebounded to its third high since January 22, 2017 According to the inverse relationship between them following the developments and economic data that followed the Chinese economy, the largest consumer of metals globally and on the brink of developments and economic data expected Wednesday by the US economy, the largest economy in the world.

Gold futures for December delivery rose 0.28% to currently trade at $ 1,204.80 per ounce, showing a five-week decline from the opening at $ 1,201.40 an ounce, amid a drop in the dollar index American currency rose 0.26% to 97.05, showing a continuation of its rebound since the beginning of last year compared to the opening at 97.30.

We followed the National Bureau of Statistics (NBS) to China reading the Unemployment Rate, which showed a stability of 4.9%, unchanged from September, and revealed the annual reading of the retail sales index, which showed a growth slowdown of 8.6% compared to the previous reading and expectations at 9.2 , And the annual reading of industrial production, which showed accelerated growth to 5.9% compared to 6.1%, compared to the previous reading and expectations at 5.8%.

This came in the wake of Japan's preliminary third-quarter GDP reading, which showed a contraction of 0.3% in line with expectations versus 0.7% growth in the second quarter. The same year's preliminary reading showed a 1.2% contraction versus 3.0% The annual reading of the index showed a contraction of 0.3% against stability at zero levels, worse than expected 0.1% contraction.

On the other hand, investors are eyeing the US economy to release inflation data with the release of the consumer price index, which may reflect a rapid growth rate of 0.3% versus 0.1% in September. The same index may also show growth accelerating to 2.5% 2.3% in the previous annual reading for the month of September.

Markets are also looking for a substantial Core CPI reading, which could reflect a 0.2% growth in growth versus 0.1% in September, while the annual reading of the same index may show a 2.2% growth stability, before we witness the testimony of a Federal Committee member and Reserve Governor Federal Randall Quarles on banking supervision and regulation before the Financial Services Committee of the House of Representatives in Washington.

Technical analysis:

The price of gold continues to fluctuate around the support of the corrective corrective channel, noting that Stochastic is losing its positive momentum significantly to reach oversold areas, awaiting a rebound on the downside move to resume the bearishness suggested in our recent reports, which is affected by the previously completed double top pattern.

At the same time, the moving averages are pushing the price down.

Our next target is at 1180.00, while achieving stability below 1208.40 and 1212.00.

Support and resistance:

Support: 1200.0-1195.80-1187.80;

Resistance: 1204.50-1208.6-1212.0.

The trading range for today is among the support at 1180.00 and resistance at 1212.00.

The general trend for today is bearish.

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The British pound rose by more than 1 percent during the US session as it rebounded to its second straight session since the beginning of November against the US dollar following economic developments and data that followed on Tuesday the British economy and the lack of economic data by the ...

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The British pound rose by more than 1 percent during the US session as it rebounded to its second straight session since the beginning of November against the US dollar following economic developments and data that followed on Tuesday the British economy and the lack of economic data by the US economy The world's largest economy with the beginning of this week.

At 5:39 pm GMT, the GBPUSD pair rose 1.24% to 1.3008 compared to the opening levels at 1.2849 after the pair reached a high of 1.3047 and a low of 1.2842.

We have followed the RBA to disclose labor market data which showed the September unemployment rate increased to 4.1% compared to the previous reading and expectations, while the average income index showed accelerated growth to 3.0% in line with expectations versus 2.8% The reading of the applications came at 20.2 thousand applications compared to 23.2 thousand applications, other than expectations at 4.3 thousand applications.

Prime Minister Teresa Mae said Prime Minister Teresa Mae said ministers would be summoned if the text of his country's exit agreement was approved by the European Union, adding that there was no specific date for the cabinet meeting. The United Kingdom of the Union in an orderly manner in Brussels has progressed well and there are few outstanding issues left to complete the agreement.

Technical analysis:

The GBPUSD rallied to break through the 1.2962 level and sits above it, currently hovering around 50 Fibonacci levels, opening the way for further gains in the coming sessions, especially as the price moves above SMA 50, and we are waiting for the ideal arrangement of the averages SMA7-SMA20 and SMA50 heading towards 1.3226 as a positive next station.

The Stochastic indicator gives positive signs of a rally.

Therefore, the bullish trend will be expected for today unless the level of 1.2962 is broken and stability below it again.

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

Support and resistance:

Support: 1.9960-1.2930-1.2860;

Resistance: 1.3000-1.3070-1.3100.

The general trend for today is bullish.

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The US dollar fluctuated in a narrow bullish range during the Asian session against the Japanese Yen following the developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected Wednesday from the US economy, the largest economy in the world ...

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The US dollar fluctuated in a narrow bullish range during the Asian session against the Japanese Yen following the developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected Wednesday from the US economy, the largest economy in the world.

At 05:42 am GMT, the pair rose 0.09% to 113.91 compared to the opening levels at 113.81 after the pair hit a session high of 113.99 and a low of 113.76.

We followed the Japanese economy to reveal the preliminary reading of GDP for the third quarter, which showed a 0.3% contraction in line with expectations versus 0.7% growth in the second quarter. The initial annual reading of the index showed a 1.2% contraction versus 3.0% growth, The annual reading of the index showed a contraction of 0.3% against stability at zero levels, worse than expected 0.1% contraction.

Technical analysis:

USD / JPY remains steady above 113.56, and continues to receive positive support from SMA 50, noting that Stochastic is shedding negative and approaching oversold areas.

Therefore, these factors encourage us to continue with the bullishness in the coming sessions, targeting 114.55 and 115.50 as the next major stops, noting that the continuation of the expected rally depends on stability above 113.56.

The trading range for today is among the key support at 113.50 and resistance at 114.70.

Support and resistance:

Support: 113.85-113.50;

Resistance: 114.10-114.50.

The general trend for today is bullish.

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EURUSD

The pair is trading below 1.1300 following yesterday’s growth triggered by the reports of some positive developments in Brexit deal talks and by weaker USD rate due to the ongoing government conflict in the US and the start of Beijing-Washington trade talks. The pair may reverse downwards ...

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EURUSD

The pair is trading below 1.1300 following yesterday’s growth triggered by the reports of some positive developments in Brexit deal talks and by weaker USD rate due to the ongoing government conflict in the US and the start of Beijing-Washington trade talks. The pair may reverse downwards if today’s GBP data in Germany and the eurozone turn out to be weak.

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

Trading recommendations:

If the pair doesn’t pass 1.1300 and take hold above this level, it may drop to 1.1220.

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EURUSD

The pair is trading above 1.1220 as the USD rate is getting stronger due to the expectation of the Fed raising interest rates not only in December, but also for the next two years. It’s also under pressure because of the Italian debt crisis threatening to erupt ...

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EURUSD

The pair is trading above 1.1220 as the USD rate is getting stronger due to the expectation of the Fed raising interest rates not only in December, but also for the next two years. It’s also under pressure because of the Italian debt crisis threatening to erupt again.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving within the oversold territory. Stoch are also there.

Trading recommendations:

If the pair passes 1.1220, it may drop further to 1.1150.

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Crude oil futures fluctuated during the US session to see Nymex crude fall for the 11th straight session, showing the longest daily losses since mid-1984 and stabilizing near the nine-month low. Brent crude is stabilizing near the seven- USD has been in the highest since 22 January of 2017 according ...

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Crude oil futures fluctuated during the US session to see Nymex crude fall for the 11th straight session, showing the longest daily losses since mid-1984 and stabilizing near the nine-month low. Brent crude is stabilizing near the seven- USD has been in the highest since 22 January of 2017 according to the inverse relationship between them.

US crude futures for November delivery fell 0.17% to $ 60.09 per barrel, compared to the opening at $ 60.19 a barrel. Brent crude futures for January delivery rose 0.26% to $ 70.36 per barrel. Opening at $ 70.18 per barrel, while the dollar index rose 0.65% to 97.53 levels, the highest since the beginning of last year compared to the opening at 96.90.

In another context, data from the Russian Energy Ministry earlier this month Russian oil production rose to its highest in three decades during the past month to levels of 11.41 million barrels per day, before we see the report of the US Energy Information Administration showed a rise US production of oil by 400 thousand barrels per day to 11.6 million barrels per day, the highest ever to reflect the skewed states to produce Russia and to become America's largest producer of crude oil globally.

Technical analysis:

The price of oil is currently trading with a negative negativity after the lower descending channel line is stimulated by the stochastic negativity as it is trading in oversold areas, awaiting further downside during the coming sessions as our next target is at 58.00, depends on stability below 61.60.

Support and resistance:

Support: 59.00-58.00;

Resistance: 60.00-62.00.

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Gold futures fluctuated in a tight range slipping into the US session to reflect their longest daily losing streak since the beginning of October 2016 with the US dollar rising since January 22, 2017 according to the inverse relationship between them Amid a lack of economic data by the US ...

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Gold futures fluctuated in a tight range slipping into the US session to reflect their longest daily losing streak since the beginning of October 2016 with the US dollar rising since January 22, 2017 according to the inverse relationship between them Amid a lack of economic data by the US economy on Monday because of the Veterans Day holiday in the United States.

Gold futures for December delivery fell 0.28% to trade at $ 1,205.20 an ounce, after hitting a low of 1199.80 and the lowest since October 11 compared to the opening at $ 1,225.10 an ounce. The US dollar index rose 0.44% to 97.33, the highest level since the beginning of last year compared to the opening at 96.90.

Gold holdings at SBDR Gold Trust, the world's largest gold-backed fund, last Friday stabilized for a second straight session at 755.23 metric tons, the lowest level since early this month. Gold ended last month's longest monthly loss rally since late 1996, rising in October for the first time in seven months.

Technical analysis:

The price of gold showed negative trading to reach our next target at 1198.00, awaiting further downside under the influence of the previously completed double top pattern

The price of gold is negatively impacting the pivotal support 1208.40 and moving below it now, supporting the expectations for the extension of the downside wave over the short term and intraday basis, noting that our next targets are at 1198.00 then 1180.00, while stability below 1223.00 is important for the continuation of the expected decline for today.

The Stochastic is currently trading near the saturation area and the SMA 7 is pushing the price for further decline supported by the SMA20 and SMA50.

The trading range for today is among the support at 1190.00 and resistance at 1224.50.

Support and resistance:

Support: 1198.00-1190.00-1186.60-1180.0

Resistance: 1208.40-1212.00-12118.00-1224.50

The general trend for today is bearish.

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