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December 2018

The single currency of the European Union region rose during the Asian session to see its rebound to its fourth lowest session since November 28 against the US dollar on the eve of developments and economic data expected Wednesday by the largest economies of the euro zone Germany and the ...

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The single currency of the European Union region rose during the Asian session to see its rebound to its fourth lowest session since November 28 against the US dollar on the eve of developments and economic data expected Wednesday by the largest economies of the euro zone Germany and the US economy the largest economy in the world With the meeting of the Federal Open Market Committee in Washington.

The pair rose 0.17% to 1.1380, compared to the opening at 1.1361 after the pair reached a high of 1.1390 ​​and a low of 1.1360.

Investors from Germany, the largest economy in the euro zone, are looking for initial inflation data as the Producer Price Index (PPI), an initial index of inflationary pressures, which may reflect a 0.1% contraction versus 0.3% in October, The same index slowed growth to 3.1% from 3.3% in October's annual reading.

On the other hand, investors are looking to the US economy for the current account reading, which may reflect a widening deficit to $ 125 billion against $ 101 billion in the second quarter before we foretell the release of housing market data with the release of the Existing Home Sales Index Fell 0.4% to 5.20 million from 1.4% at 5.22 million last October.

This comes in the midst of a meeting of the Federal Open Market Committee in Washington, where monetary policy makers are expected to raise federal funds rates by 25bp for the fourth time this year to between 2.25% and 2.50% And go ahead with cuts in government bond and mortgage bond purchases by $ 50 billion per month.

It is also expected that the Federal Committee will reveal after the meeting today its expectations of growth rates, inflation and unemployment in addition to the future interest rates of short-term reference for the next three years, amid the expectation of any hints about the future tightening of monetary policy and the pace of raising interest on federal funds in the coming period in shadow The US administration has been critical of the Fed's hard-line policies and the recent momentum of economic data.

Technical Analysis

EURUSD is back to test the SMA 50 which continues to form a good resistance to the positive price attempts, noting that Stochastic is moving towards the overbought area, awaiting the resumption of the expected bearish intraday and short term targeting targets 1.10000 to confirm the rally towards 1.1181 .

We note the importance of stability below 1.1443 for the continuation of the expected decline, as breaching it will lead the price to the upside and achieve positive targets starting at 1.1550 then 1.1705.

The trading range for today is among the key support at 1.1380 and resistance at 1.1443

Support and resistance:

Support: 1.1341-1.1300-1.1210

Resistance: 1.1386-1.1443-1.1500

The general trend for today is bearish

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The royal currency fluctuated in a narrow range inclined during the American session to see its rebound to a fourth session in five sessions from its lowest since April 11, 2017 against the US dollar amid a lack of economic data by the British Royal Economy. Followed Tuesday by the ...

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The royal currency fluctuated in a narrow range inclined during the American session to see its rebound to a fourth session in five sessions from its lowest since April 11, 2017 against the US dollar amid a lack of economic data by the British Royal Economy. Followed Tuesday by the US economy, the world's largest economy.

The US housing market data showed a rise in construction starts and construction permits in November, with the Home Construction Index rising 3.2% to 1,256,000 versus 1.6% In October, outperforming expectations for stability at zero levels at 1,228,000 homes.

In the same context, building permits rose by 5.0% to 1,328 thousand last month, compared to a 0.4% drop at 1,265,000 in October, in contrast to expectations of a 0.4% drop at 1,260,000. Hours before the opening of the meeting of the Federal Open Market Committee in Washington today and tomorrow Wednesday.

Federal Reserve monetary policy makers are expected to raise federal funds rates by 25 basis points for the fourth time this year to between 2.25% and 2.50% and move forward with cuts in government bond purchases And mortgage bonds at $ 50 billion per month.

Markets are also looking for the Fed to unveil its expectations of growth, inflation and unemployment as well as future short-term benchmark interest rates for the next three years, looking for hints about the future tightening of monetary policy and the pace of raising federal funds rates in the coming period in criticism. The US president of the Fed's radical policies and the recent momentum of economic data.

Technical Analysis

GBPUSD breached the 1.2636 level and closed the daily candlestick above it, signaling the direction of the price for further gains in the coming period as the positive targets start at 1.2725 and extend to 1.2815 after breaching the previous level.

Therefore, the bullish trend will be likely for today unless the 1.2636 level is broken and stability below it again

The rallying average is expected to be 20 resistance at 1.2713. While the Stochastic is heading towards the overbought area in reference to the bullish movement.

The trading range for today is expected among 1.2600 support and 1.2800 resistance

Support and resistance:

Support: 1.2590-1.2500

Resistance: 1.2636-1.2713-1.2775

The general trend for today is bullish

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Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its fourth straight session since December 4 as the US dollar rebounded to its fourth high since June 17, 2017. On the eve of developments and economic data expected Wednesday by the US ...

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Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its fourth straight session since December 4 as the US dollar rebounded to its fourth high since June 17, 2017. On the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world in conjunction with the proceedings of the meeting of the Federal Open Market Committee in Washington.

Gold futures for February delivery rose 0.06% to currently trade at $ 1,254.40 an ounce, showing a two-week drop from the opening at $ 1,253.50 per ounce, amid a decline in the US Dollar 0.07 index. % To 96.87 compared to the opening at 96.91.

Investors are eyeing the US economy for the current account reading, which could reflect a widening deficit to $ 125 billion versus $ 101 billion in the second quarter before we foretell the release of housing market data with the release of the Existing Home Sales Index, which may reflect a 0.4% To 5.20 million from 1.4% at 5.22 million last October.

This comes in the midst of a meeting of the Federal Open Market Committee in Washington, where monetary policy makers are expected to raise federal funds rates by 25bp for the fourth time this year to between 2.25% and 2.50% And go ahead with cuts in government bond and mortgage bond purchases by $ 50 billion per month.

It is also expected that the Federal Committee will reveal after the meeting today its expectations for growth rates, inflation and unemployment in addition to the future interest rates of short-term reference for the next three years, amid the expectation of any hints about the future tightening of monetary policy and the pace of raising interest on federal funds in the coming period in shadow The US administration has been critical of the Fed's hard-line policies and the recent momentum of economic data

Technical Analysis

Gold is trading around 1250.00 and gold is showing a quiet positive move to gradually advance towards our positive target at 1262.50, which supports the continuation of the bullish scenario over intraday basis within the corrective correction channel, supported by the 50 moving average that carries the price from the bottom. And the entry of the stochastic index into the saturation area of ​​the purchase

Keep in mind that breaching the target will extend the gold gain to 1286.70 as the next stop, while stability above 1238.30 is an important requirement for the continuation of the expected rally.

The trading range for today is among the support at 1238.60 and resistance at 1265.00

Support and resistance:

Support: 1238.6-1227.00-1221.9

Resistance: 1250.30-1257.0-1262.8

The general trend for today is bullish

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The US dollar fell during the US session to see its lowest since October 29 against the Japanese yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the ...

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The US dollar fell during the US session to see its lowest since October 29 against the Japanese yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world in conjunction with the proceedings of the meeting of the Committee Federal Open Market in Washington.

At 05:59 GMT, the USDJPY dropped 0.14% to 112.36 from the opening levels at 112.52 after hitting a seven-week low of 112.19 while the pair reached a high of 112.60. .

On the Japanese economy, the reading of the trade balance showed that the deficit widened to 0.74 trillion yen from 0.45 trillion yen in October, worse than the forecast of a deficit of 0.63 trillion yen. The revised trade balance showed the widening deficit to 0.49 trillion yen 0.29 trillion yen, while expectations for a deficit of 0.31 trillion yen, as the growth of exports slowed more than the slow growth of imports during the last month.

This comes hours after the Japanese government released its forecast of growth and capital spending in addition to inflation for the year 2018 and 2019 next year, which lowered its forecast for growth this year to 0.9% from 1.5% and next year to 1.3% from 1.5%, amid forecasts That capital spending in the current year to 3.6% and next year to 2.7%.

As the Japanese government lowered its forecast for inflationary pressures in the year 2018 to 1.0% from 1.1% and for the next year 2019 to 1.1% from 1.5% in previous forecasts, and we wish to note that Japan's fiscal year is the third largest economy in the world expires by the end of March and begins New fiscal year there with the beginning of April, the Japanese government is expected to use these estimates as they prepare to balance the new fiscal year.

On the other hand, investors are looking to the US economy for the current account reading, which may reflect a widening deficit to $ 125 billion against $ 101 billion in the second quarter before we foretell the release of housing market data with the release of the Existing Home Sales Index Fell 0.4% to 5.20 million from 1.4% at 5.22 million last October.

This comes in the midst of a meeting of the Federal Open Market Committee in Washington, where monetary policy makers are expected to raise federal funds rates by 25bp for the fourth time this year to between 2.25% and 2.50% And go ahead with cuts in government bond and mortgage bond purchases by $ 50 billion per month.

It is also expected that the Federal Committee will reveal after the meeting today its expectations of growth rates, inflation and unemployment in addition to the future interest rates of short-term reference for the next three years, amid the expectation of any hints about the future tightening of monetary policy and the pace of raising interest on federal funds in the coming period in shadow The US administration has been critical of the Fed's hard-line policies and the recent momentum of economic data.

Technical Analysis

The USD / JPY pair broke the 112.46 level below it, opening the way towards the next target at 111.97. The price should be monitored at this level as breaching it will cause an extension of the bearish wave in the short term, To 110.40.

Stochastic is losing its positive momentum to support the continuation of the downside movement during the coming period, which will remain intact unless 112.97 and above 113.56 are breached and stability above it.

The trading range for today is among the key support at 111.50 and resistance at 113.00

The general trend for today is bearish

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USDCHF

The pair is in downtrend against the background of the weaker demand for risk assets and growing demand for protective assets. The global economic growth slowdown is a major source of investors’ concerns, as it may lead to a new recession already in 2020.

The price is below the ...

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USDCHF

The pair is in downtrend against the background of the weaker demand for risk assets and growing demand for protective assets. The global economic growth slowdown is a major source of investors’ concerns, as it may lead to a new recession already in 2020.

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

Trading recommendations:

If the price remains below 0.9920, it may go further down to 0.9860.

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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 straight session since November 28 against the US dollar on the brink of developments and economic data expected Tuesday by the biggest euro zone economies ...

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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 straight session since November 28 against the US dollar on the brink of developments and economic data expected Tuesday by the biggest euro zone economies Germany and the economy The largest economy in the world.

At 04:23 GMT, the EURUSD rose 0.05% to 1.1354 compared with the opening at 1.1348 after the pair reached a high of 1.1360 and a low of 1.1344.

The markets are currently looking for the German economy to detect the IFO Business Climate Index, which may reflect a contraction of the widening to 101.8 versus 102.0 last November. The same indicator of expectations may show a widening of 98.3 versus 98.7 a month The reading of the same indicator for the current assessments may show that the gap has narrowed to 104.9 versus 105.4.

On the other hand, investors are looking for the US economy to reveal the housing market data with the reading of the Construction Starts Index and the Construction Permit for the last month. The reading of the Building Permits Index is expected to decrease to 0.4% at 1,260,000 vs. 0.6% While the reading of the Construction Starts Index may indicate a slowdown in growth to 0.2% at 1.230 thousand homes compared to 1.5% at 1,228 thousand homes.

Markets are also looking closely at the FOMC meeting to be held today and Wednesday in Washington, where monetary policy makers are expected to raise federal funds rates by 25 basis points for the fourth time this year to between 2.25% and 2.50% and move forward in reducing the repurchase of government bonds and mortgage bonds.

The Federal Reserve is expected to unveil growth and inflation expectations as well as future short-term benchmark interest rates for the next three years, looking for any hints about the future tightening of monetary policy and the pace of raising federal funds over the coming period in shadow. The US president's criticism of the Fed's radical policies and the recent momentum of economic data.

Technical Analysis

The EUR / USD pair is trading around the 1.1355 level after yesterday's slight rally, as the pair was positively affected by stochastic, but since the price is below 1.1443, our bearish outlook remains intact targeting 1.1300 and 1.1181.

Moving averages pressured the price as yesterday's high yesterday stopped at SMA 20 and the SMA 50 moved near the resistance level 1.1386 to increase negative pressure on the price.

While the stochastic is still moving sideways in a reversal of medium-term sideways movement

A break of 1.1443 will lead the price to gains starting at 1.1550 and extending to 1.1705.

The trading range for today is expected between 1.1250 and 1.1420 support

Support and resistance:

Support: 1.1341-1.1300-1.1210

Resistance: 1.1386-1.1443-1.1500

The general trend for today is bearish

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The royal currency fluctuated in a narrowly bullish range during the US session to see its rebound to a third session in four sessions from its lowest since April 11, 2017 against the US dollar following developments and economic data that followed Monday on the RBA and its economy The ...

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The royal currency fluctuated in a narrowly bullish range during the US session to see its rebound to a third session in four sessions from its lowest since April 11, 2017 against the US dollar following developments and economic data that followed Monday on the RBA and its economy The largest economy in the world.

The UK's RTI saw a contraction of 1.5% from 1.7% last November, while the same reading showed a 0.7% rise from 0.2% in the previous year's reading. Before seeing the statements of British Prime Minister Theresa Mae's spokeswoman, James Slack, in which he said the parliament was to vote on a British exit from the European Union in January.

Slack also noted that the British cabinet would discuss preparations for the UK's exit from the EU without reaching an agreement on an orderly exit with the EU. The British Prime Minister Mai received assurances from European leaders last week, but there is still more, A vote in Parliament on the options of the exit agreement, adding that she believes that the current exit agreement is the only agreement available to Britain.

On the other hand, we followed the US economy reading the New York Industrial Index, which shows a contraction of 10.9 to 23.3 in November, worse than expected at 20.1, before we saw the release of housing market data with the housing index reading from Ahead of the National Association for Home Building, which showed a widening gap to 56 versus 60 in November, beyond expectations at 61.

Technical Analysis

GBP / USD is testing a new level of 1.2636 and maintains stability below it, keeping the bearish scenario intact for the coming period, supported by the stochastic loss of the positive momentum gradually, along with the negative pressure formed by SMA 50, In principle.

A break of 1.2636 will push the pair to achieve positive targets starting at 1.2725 then 1.2820.

The trading range for today is expected among 1.2500 support and 1.2700 resistance

Support and resistance:

Support: 1.2495-1.2405-1.2350

Resistance: 1.2638-1.2713-1.2875

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 third-lowest session since December 4 as the US dollar rebounded to its third high since June 17, 2017 according to the relationship. On the eve of economic developments and data expected Tuesday ...

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Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its third-lowest session since December 4 as the US dollar rebounded to its third high since June 17, 2017 according to the relationship. On the eve of economic developments and data expected Tuesday by the US economy, the largest economy in the world and coincided with the speech of Chinese President Shi Jinning celebration of the fortieth anniversary of China's reform and opening up.

Gold futures for February delivery rose 0.05% to currently trade at $ 1,252.40 an ounce, showing a two-week drop from the opening at $ 1,251.80 per ounce, amid a drop in the US Dollar 0.05 index % To 97.05 compared to the opening at 97.10.

Investors are looking for the US economy to reveal housing market data with the Housing Starts and Building Permits reading for the last month. The Building Permits Index is expected to fall to 0.4% at 1,260K versus 0.6% at 1,263K. While the reading of the Construction Starts Index may indicate a slowdown in growth to 0.2% at 1.230 thousand homes, compared with 1.5% at 1,228 thousand.

Markets are also looking closely at the FOMC meeting to be held today and Wednesday in Washington, where monetary policy makers are expected to raise federal funds rates by 25 basis points for the fourth time this year to between 2.25% and 2.50% and move forward in reducing the repurchase of government bonds and mortgage bonds.

The Federal Reserve is expected to unveil growth and inflation expectations as well as future short-term benchmark interest rates for the next three years, looking for any hints about the future tightening of monetary policy and the pace of raising federal funds over the coming period in shadow. The US president's criticism of the Fed's radical policies and the recent momentum of economic data.

Technical Analysis

The price of gold has rallied significantly to break the 1238.30 level and is approaching the 1250.00 barrier now, which reinforces the bullish scenario scenario suggested in our recent reports, noting that closing the daily candlestick above the first level will confirm the continuation of the bullish trend towards 1262.51. New will put the price under negative pressure with the main target at 1208.40.

Where the price returned to trade above the moving average 7, therefore we have the ideal arrangement to return to the bullish scenario. This is reinforced by the fact that there is a positive cross in the Stochastic, so the bullish trend is likely for today

Support and resistance:

Support 128.4-1227.30-1221.8

Resistance: 1251.30-1257.00-1262.8

The general path so today is bullish

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Google shares continue to fall under the negative pressure of the moving averages

Where the stock continues to fall from the rise achieved last week to continue the negative scenario for the share of more than 5 months

The Stochastic is giving negative signals to the price that will lead ...

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Google shares continue to fall under the negative pressure of the moving averages

Where the stock continues to fall from the rise achieved last week to continue the negative scenario for the share of more than 5 months

The Stochastic is giving negative signals to the price that will lead to further declines

The MACD is also floating below the zero level and is capping it towards the awaited target 995

Trades between support 995 and resistance 1060

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The Australian dollar fluctuated in a narrow bullish range during the Asian session against the US dollar to see its rebound to a third session of its lowest since early November following the economic developments and data that followed on the Australian economy and on the eve of developments and ...

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The Australian dollar fluctuated in a narrow bullish range during the Asian session against the US dollar to see its rebound to a third session of its lowest since early November following the economic developments and data that followed on the Australian economy and on the eve of developments and economic data expected Tuesday by the US economy the world's largest economy.

At 0320 GMT, the AUDUSD rose 0.13% to 0.7188 compared to the opening levels at 0.7179, after reaching a high of 0.7200, while reaching a low of 0.7173.

We have followed the Australian economy to disclose the minutes of the Reserve Bank of Australia meeting held on December 4 in Sydney, in which monetary policy makers approved the setting of short-term benchmark interest rates at 1.50% for the 26th consecutive meeting, In line with analysts' expectations at the time.

On the other hand, investors are looking for the US economy to reveal the housing market data with the reading of the Construction Starts Index and the Construction Permit for the last month. The reading of the Building Permits Index is expected to decrease to 0.4% at 1,260,000 vs. 0.6% While the reading of the Construction Starts Index may indicate a slowdown in growth to 0.2% at 1.230 thousand homes compared to 1.5% at 1,228 thousand homes.

Markets are also looking closely at the FOMC meeting to be held today and Wednesday in Washington, where monetary policy makers are expected to raise federal funds rates by 25 basis points for the fourth time this year to between 2.25% and 2.50% and move forward in reducing the repurchase of government bonds and mortgage bonds.

The Federal Reserve is expected to unveil growth and inflation expectations as well as future short-term benchmark interest rates for the next three years, looking for any hints about the future tightening of monetary policy and the pace of raising federal funds over the coming period in shadow. The US president's criticism of the Fed's radical policies and the recent momentum of economic data.

Technical Analysis

AUDUSD tested the 0.7200 level yesterday, and the price is under continuous negative pressure coming from SMA 50, while Stochastic is showing negative signs now.

Therefore, we believe that opportunities are available to resume the bearish trend during the coming sessions, while targeting 0.7080 and then 0.7020 as the next major stations, noting that the continuation of the expected decline depends on stability below 0.7277.

The trading range for today is expected among the support at 0.7080 and resistance at 0.7220

The general trend for today is bearish

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