years on the market

Analytic reviews

CADCHF

The overall trend is upward. The 0.6876 support level is holding back sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.

CADCHF rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending ...

Read more...

CADCHF

The overall trend is upward. The 0.6876 support level is holding back sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.

CADCHF rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending wave pattern is formed.

Stop Loss below the support level of 0.6876.

Target levels: 0.6942; 0.7000.

Hide

EURUSD

The pair corrected down after reaching 1.1900. It will continue to grow as the Fed is expected to continue with the soft monetary policy.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is ...

Read more...

EURUSD

The pair corrected down after reaching 1.1900. It will continue to grow as the Fed is expected to continue with the soft monetary policy.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is growing slightly. Stoch are not informative.

EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

Buy the pair when it goes down, approximately, from the level of 1.1865 with a likely later growth to 1.1915.

Hide

Gazprom settled below the support level 186.00, as it continues to move within the descending channel that appears on the chart.

The price is now moving below the 20 to 50 averages that form resistance levels and pressurize it to decline.

While we have major resistance at 202.70 ...

Read more...

Gazprom settled below the support level 186.00, as it continues to move within the descending channel that appears on the chart.

The price is now moving below the 20 to 50 averages that form resistance levels and pressurize it to decline.

While we have major resistance at 202.70 and major support at 158.75.

We see that the stochastic indicator returns to the oversold area and the movement within a bearish path will therefore press the price for further decline.

The price action will be between the support level 158.75 and the resistance level 202.20.

The general direction of the movement is bearish.

Hide

Futures contracts for gold prices fluctuated in a narrow range that tends to rise, to witness a rebound to the fourth session in six sessions from the lowest since August 26, amid the dollar index rebound to the fourth session in five sessions from its high on the 12th of ...

Read more...

Futures contracts for gold prices fluctuated in a narrow range that tends to rise, to witness a rebound to the fourth session in six sessions from the lowest since August 26, amid the dollar index rebound to the fourth session in five sessions from its high on the 12th of the same month according to the inverse relationship between them following developments and data The economic that we monitored about the Chinese economy, the largest consumer of minerals in the world, and on the cusp of economic developments and data expected today, Tuesday, by the US economy, which include the start of the meeting of the Federal Open Market Committee.

 

At exactly 05:00 am GMT, gold futures contracts for next December delivery rose 0.47% to trade at $ 1,975.40 an ounce, compared to the opening at $ 1,966.20 an ounce, knowing that the contracts started the session on a rising price gap after it was concluded Yesterday's trading at $ 1,963.70 per ounce, with the US dollar index declining 0.15% to 92.91 compared to the opening at 93.05.

We have followed up on the disclosure of the National Bureau of Statistics of China on the annual reading of the Industrial Production Index, which showed an acceleration of growth to 5.6% compared to 4.8% in July, surpassing expectations that indicated a growth of 5.1%. While the annual retail sales index showed an increase of 0.5% against a decline of 1.1%, also surpassing expectations that indicated stability at zero levels, and the unemployment rate reading showed a decrease to 5.6% against 5.7%.

On the other hand, investors are currently awaiting the American economy for the release of the import price index reading, which may indicate a slowdown in the pace of growth to 0.5% compared to 0.7% in the previous reading for July, while the annual reading of the same index may reflect a contraction of the decline to 1.0% compared to 3.3. This comes in conjunction with the release of the New York industrial index, which may reflect an expansion of 6.2%, compared to 3.7 in August.

This comes before we witness by the largest industrial country in the world the disclosure of industrial sector data with the release of the Industrial Production Index, which may reflect a slowdown in the pace of growth to 1.2% compared to 3.0% in the previous reading for July, while the reading of the utilization rate index may clarify Energy growth accelerated, to 71.7%, from 70.6% in July.

 

Leading to the start of the meeting of the Federal Open Market Committee September 15-16 via satellite in Washington, during which the short-term reference rates for the fifth meeting in a row are expected to remain at between zero and 0.25%, and to reveal the expectations of the members of the FOMC. Growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

This comes before we witness tomorrow the press conference of Fed Governor Jerome Powell, which he will hold half an hour after the end of the meeting to comment on the decisions of the committee that previously adopted many stimulus programs to support the economy in the face of the repercussions of the Corona pandemic, and it is mentioned that Powell stated on the sidelines of the Jackson meetings Hall has adopted the Federal Reserve's new inflation policy, targeting average inflation 2% above for some time.

 

Technical analysis

  

Gold price continues to rise, reaching the outskirts of the first awaited target at 1967.90, and it gets good positive support from the 50 moving average, while it is moving within an intraday bullish channel that supports the chances of surpassing the mentioned level and paving the way towards heading towards 2008.80, which represents our next positive target.

 

Therefore, we will continue suggesting the bullish trend for the upcoming period, bearing in mind that the continuation of the expected rise requires stability above 1945.00 and 1934.86 levels.

 

The expected trading range for today is between 1945.00 support and 1985.00 resistance

 

The expected general trend for today: Bullish

Hide

The US dollar fluctuated in a narrow range that tends to decline during the Asian session against the Japanese yen amid scarcity of economic data by the Japanese economy and on the cusp of economic developments and data expected today, Tuesday, by the US economy, the largest economy in the ...

Read more...

The US dollar fluctuated in a narrow range that tends to decline during the Asian session against the Japanese yen amid scarcity of economic data by the Japanese economy and on the cusp of economic developments and data expected today, Tuesday, by the US economy, the largest economy in the world, which includes the start of the meeting of the Federal Open Market Committee in Washington. .


At exactly 06:51 AM GMT, the US dollar against the Japanese yen fell by 0.07% to 105.66 levels compared to the opening levels at 105.72, after the pair achieved its lowest level during the session's trading at 105.61, while it achieved its highest at 105.75.

Investors are currently awaiting the US economy to see the release of the import price index reading, which may indicate a slowdown in the pace of growth to 0.5% compared to 0.7% in the previous reading for the month of July, while the annual reading of the same index may reflect a contraction of the decline to 1.0% compared to 3.3%, This comes in conjunction with the release of the New York industrial index, which may reflect an expansion to a value of 6.2, compared to 3.7 in August.

This comes before we witness by the largest industrial country in the world the disclosure of industrial sector data with the release of the Industrial Production Index, which may reflect a slowdown in the pace of growth to 1.2% compared to 3.0% in the previous reading for July, while the reading of the utilization rate index may clarify Energy growth accelerated, to 71.7%, from 70.6% in July.

In order to start the activities of the Federal Open Market Committee meeting September 15-16 via satellite, during which the short-term reference rates for the fifth meeting in a row are expected to remain at between zero and 0.25%, and to reveal the expectations of the members of the Federal Commission for growth rates Inflation and unemployment in addition to the future of interest rates for the next three years.

This comes before we witness tomorrow the press conference of Fed Governor Jerome Powell, which he will hold half an hour after the end of the meeting to comment on the decisions of the committee that previously adopted many stimulus programs to support the economy in the face of the repercussions of the Corona pandemic, and it is mentioned that Powell stated on the sidelines of the Jackson meetings Hall has adopted the Federal Reserve's new inflation policy, targeting average inflation 2% above for some time.

Technical analysis

  

The dollar versus yen managed to break the 106.00 level to push down on its way towards our first awaited negative target at 105.20, which supports the continuation of our bearish expectations in the intraday and short term, noting that breaking the target will extend the downside wave to reach 103.65 as a next major station.

 

Consequently, the bearish trend scenario will remain valid and effective supported by the negative pressure formed by the EMA50, noting that stability below 106.44 is important for the continuation of the expected decline.

 

The expected trading range for today is between 104.80 support and 106.20 resistance.

 

The expected general trend for today: Bearish.

Hide

Monday, September 14th, today’s news—oil prices rise as the US shuts rigs on the Gulf coastline due to the approaching tropical storm. Dollar and Treasury yields drop, European markets rise amid vaccine hopes, American markets recover after the last week's rout, Dow futures are up 300 points ...

Read more...

Monday, September 14th, today’s news—oil prices rise as the US shuts rigs on the Gulf coastline due to the approaching tropical storm. Dollar and Treasury yields drop, European markets rise amid vaccine hopes, American markets recover after the last week's rout, Dow futures are up 300 points, stocks of Asian companies also rise. The price of Brent oil is $39.41, WTI—$36.87. EUR/USD is at 1.1853 GBP/USD—1.2845, gold is $1,950.40 per ounce.

Hide

There is nothing new in the movement on Aeroflot, as the stock continues to test the 82.00 support level at the end of last week's trading, but it failed to breach this level. The stock returned to the sideways movement it was trading in during the past two ...

Read more...

There is nothing new in the movement on Aeroflot, as the stock continues to test the 82.00 support level at the end of last week's trading, but it failed to breach this level. The stock returned to the sideways movement it was trading in during the past two weeks, as it tested the key support level of 78.50, which is considered one of the important levels that the price is exposed to.

 

The price is moving below the moving averages 507-20- which moves in one level at the level of 84.00 and forms the first level of resistance for the price and prevents it from rising further.

Hide

The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to witness its rebound for the fourth consecutive session from its lowest since August 12 against the US dollar on the cusp of economic developments and data expected today, Monday, from the economies of the ...

Read more...

The single currency, the euro, fluctuated in a narrow, upward range during the Asian session, to witness its rebound for the fourth consecutive session from its lowest since August 12 against the US dollar on the cusp of economic developments and data expected today, Monday, from the economies of the euro area, amid the scarcity of economic data early This week by the US economy the largest in the world.

 

At 06:39 AM GMT, the euro pair rose against the US dollar by 0.04% to 1.1847 levels, compared to the opening levels at 1.1842, after the pair achieved its highest level during the session's trading at 1.1851, while it reached its lowest level at 1.1832, knowing that The pair started the session on a descending gap after ending last week’s trading at 1.1846 levels.

 

The markets are looking forward to the economies of the euro area as a whole to reveal the industrial sector data with the release of the seasonally adjusted reading of the industrial production index, which may reflect a slowdown in the pace of growth to 4.0% compared to 9.1% in June, while the annual reading of the same index may show the expansion of the decline to 18.3% compared to 12.3% in the previous annual reading for the month of June.

 

Other than that, we have just watched the European Central Bank Governor Christine Lagarde delivered a brief speech at the hypothetical meeting of the Board of Governors of Central Banks and Arab Monetary Authorities, and in another context, we followed up at the end of last week, Eurogroup President Pascal Donohue expressed the importance of Britain’s commitment to the exit agreement concluded With the European Union, especially Ireland's status in the agreement, if it wants to reach a trade agreement.

 

It is noteworthy that the negotiations to reformulate future relations between the United Kingdom and the European Union are in a state of stumbling in the wake of Britain's intention to bypass international law by violating the withdrawal agreement it reached with the Union, which provides for the demarcation of the borders between England and Northern Ireland, due to the latter's refusal to leave the European Union. The European customs, which Britain seeks to overcome, on the grounds that it will not allow the division of the United Kingdom.

 

On the other hand, markets are looking forward to tomorrow, Tuesday, the start of the FOMC meeting September 15-16 via satellite in Washington, in which it is expected that the short-term reference rates for the fifth meeting will remain at between zero and 0.25%. In conjunction with the disclosure of the committee members ’expectations for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

 

Up to the press conference to be held by Federal Reserve Governor Jerome Powell tomorrow, Wednesday, precisely half an hour after the end of the meeting, to comment on the decisions of the committee that previously adopted many stimulus programs to support the economy in the face of the repercussions of the Corona pandemic, and it is mentioned that Powell stated on the sidelines of the Jackson Hole meetings The Federal Reserve adopts a new inflation policy, targeting average inflation 2% above for some time.

 

Technical analysis

  

The EUR / USD pair continues to fluctuate at the broken support of the main ascending channel, and is still below it, which keeps our bearish expectations valid until now, which targets a visit to 1.1720 mainly.

 

We point out that breaking the target level will push the price to conduct more bearish correction in the short term, heading towards 1.1540 as a next corrective stop, while breaching 1.1855 and stabilizing above it represents the key to returning to the main bullish path and heading towards 1.2011 areas initially.

 

The expected trading range for today is between 1.1750 support and 1.1920 resistance.

 

The expected general trend for today: Bearish.

Hide

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session in five sessions from the lowest since August 26, amid the bounce of the US dollar index for the third session in four ...

Read more...

Futures contracts for gold prices fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session in five sessions from the lowest since August 26, amid the bounce of the US dollar index for the third session in four sessions from its high on the 12th of the same month according to the inverse relationship Between them, looking forward to the results of the Japanese elections today, Monday, and in the wake of the developments they followed regarding the Coronavirus vaccine, and amid a scarcity of economic data early this week by the US economy, the largest economy in the world.

 

At exactly 05:30 am GMT, gold futures contracts for next December delivery rose 0.45% to trade at $ 1,957.60 an ounce compared to the opening at $ 1,948.90 an ounce, knowing that the contracts started the session on a rising price gap after it was concluded Last week's trading at $ 1,947.90 an ounce, with the US dollar index declining 0.11% to 93.19 compared to the opening at 93.29.

 

Other than that, we followed yesterday the announcement by the CEO of the American company Pfizer about the possibility of deploying a vaccine to Americans by the end of the year, which is a shorter time frame than most public health officials in America suggested, and this came in the wake of the British company Astra-Zeneca and the University of Oxford reported that the trial had resumed. UK vaccine after the study was stopped due to fears of complications for one of the patients participating in the trial.

 

In another context, the markets are looking forward to tomorrow, Tuesday, the start of the meeting of the Federal Open Market Committee September 15-16 via satellite in Washington, during which it is expected that the short-term reference interest rates for the fifth meeting will be maintained at between zero and 0.25%. In conjunction with the disclosure of the committee members ’expectations for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

 

Up to the press conference to be held by Federal Reserve Governor Jerome Powell tomorrow, Wednesday, precisely half an hour after the end of the meeting, to comment on the decisions of the committee that previously adopted many stimulus programs to support the economy in the face of the repercussions of the Corona pandemic, and it is mentioned that Powell stated on the sidelines of the Jackson Hole meetings The Federal Reserve adopts a new inflation policy, targeting average inflation 2% above for some time.

 

Technical analysis

  

The price of gold opens the trading day positively after testing the pivotal support 1934.86 and consolidating above it, which provides indications of the price direction to achieve expected gains during the upcoming sessions, supported by the positivity of the stochastic indicator, on its way to resume the main bullish trend, noting that the main expected targets start at 1967.90 and extend To 2008.80.

 

Consequently, the bullish trend will be likely in the intraday and short term, provided that the price maintains stability above 1934.86.

 

The expected trading range for today is between 1935.00 support and 1975.00 resistance.

 

The expected general trend for today: Bullish.

Hide

The US dollar fluctuated in a narrow range that tends to decline during the Asian session against the Japanese yen after the economic developments and data that were followed on Monday by the Japanese economy and with an eye for the results of the Japanese elections to determine the new ...

Read more...

The US dollar fluctuated in a narrow range that tends to decline during the Asian session against the Japanese yen after the economic developments and data that were followed on Monday by the Japanese economy and with an eye for the results of the Japanese elections to determine the new Japanese prime minister to succeed the prime minister who recently resigned for health reasons, Shinzo Abe amid scarce economic data At the start of this week by the US economy the largest in the world.

 

At exactly 06:57 am GMT, the US dollar against the Japanese yen fell by 0.09% to 106.05 levels compared to the opening levels at 106.15, after the pair achieved its lowest level during the session's trading at 106.01 while it achieved its highest at 106.18, knowing that the pair The session started with a bearish gap after ending last week’s trading at 106.16 levels.

 

We have followed up on the Japanese economy, the second largest industrial country in Asia and the third largest industrial country in the world, revealing industrial sector data, with the release of the final reading of the Industrial Production Index, which showed an increase of 8.7% compared to the initial reading for July and expectations of a rise of 8.0% and against a rise of 1.9 Last June, while the final annual reading of the same index showed a decline of 15.5% compared to the initial reading and expectations of a 16.1% decline.

 

In the same context, we also monitored about the second largest economy in Asia and the third largest in the world, the issuance of the energy utilization rate, which showed an acceleration of growth to 9.6% compared to 6.2% in June, in contrast to expectations that indicated a slowdown in growth to 0.2%, in conjunction with The also disclosure of the reading of Japan's Tertiary Industrial Index, which showed a decline of 0.5% against a rise of 9.0% in June, contrary to expectations that indicated a slowdown in growth to 0.6%.

 

In another context, the market is currently looking forward to the results of the elections of the ruling Liberal Democratic Party in Japan to choose the leader of the party that will succeed the Japanese Prime Minister Shinzo Abe, who recently announced surprisingly his resignation from his post for health reasons, and the Chief Cabinet Secretary Yoshihide Suga is the best candidate to succeed Abe. It is followed by former Japanese Foreign Minister Fumio Kishida, then former Defense Minister Shigeru Ishiba.

 

On the other hand, the markets are looking forward to tomorrow, Tuesday, the start of the activities of the FOMC meeting September 15-16 via satellite in Washington, through which it is expected that the short-term reference interest rates for the fifth meeting will remain between zero and 0.25%. In conjunction with the disclosure of the committee members ’expectations for growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

 

Up to the press conference to be held by Federal Reserve Governor Jerome Powell tomorrow, Wednesday, precisely half an hour after the end of the meeting, to comment on the decisions of the committee that previously adopted many stimulus programs to support the economy in the face of the repercussions of the Corona pandemic, and it is mentioned that Powell stated on the sidelines of the Jackson Hole meetings The Federal Reserve adopts a new inflation policy, targeting average inflation 2% above for some time.

Technical analysis

  

The narrow range dominates the recent trading of the dollar against the yen, which continues to fluctuate around the EMA50, and therefore, there is no change to the bearish trend scenario that depends on stability below 106.44, waiting for the breach of 106.00 to confirm the rally towards 105.20, which represents our next main target.

 

The expected trading range for today is between 105.40 support and 106.60 resistance.

 

The expected general trend for today: Bearish.

Hide

Subscribe to analytical reviews

Сalendar

Choose your language