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April 2019

The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound to its second-lowest session since April 11 against the Japanese yen following economic developments and data followed Friday by the Japanese economy, the world's third-largest economy and on the brink of economic ...

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The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound to its second-lowest session since April 11 against the Japanese yen following economic developments and data followed Friday by the Japanese economy, the world's third-largest economy and on the brink of economic developments and data. By the US economy, the world's largest economy.

At 0638 GMT, the greenback was up 0.06% at 111.70 from the opening at 111.63, after reaching a high of 111.79 and a low of 111.45.

We followed the Japanese economy to reveal inflation data with the release of the Tokyo Consumer Price Index (CPI), which showed accelerated growth to 1.4% from 0.9% in March, beating expectations for a 1.1% growth rate. The core of the index itself, excluding fresh food, accelerated to 1.3% from the previous reading and expectations at 1.1%.

In the same context, the core annualized reading, excluding fresh food and energy, showed a 0.9% growth rate from March and 0.7%, in conjunction with the release of Japanese labor market data, which showed unemployment at 2.5% versus 2.3%. In the previous reading for the month of February, worse than expectations, which indicated a rise to 2.3%.

This came ahead of the first seasonally adjusted retail sales, which showed a slowdown in growth to 0.2% from 1.4% in February, beating expectations for stability at zero levels, while the annual reading of the same index accelerated growth to 1.0% vs. 0.6 % In February, also outperforming forecasts that accelerated growth to 0.8%.

We also followed the third-largest industrialized country to reveal the preliminary reading of industrial production, which showed a decline of 0.9% compared to a rise of 0.7% in February, worse than expectations of a slowdown of growth to 0.1%, while the annual reading of the same index expanded the decline to 4.6% vs. 1.1% in the previous February reading, also worse than the 3.8% decline.

To the Japanese housing market data, with the annual reading of the Construction Starts Index showing growth accelerated to 10.0% from 4.2% in February, beating expectations for a rapid growth of 5.6%. The Bank of Japan will stay at 0.10% interest rates as we proceed with stimulus policies and monetary easing to support the performance of the economy.

In addition, we would like to point out that the Japanese government recently announced a ten-day holiday beginning on Saturday, 27 of this month until Monday, the sixth of next month, for the celebrations of Japan's rise of the new emperor to rule there during that official holiday, Prince Naruhito with the beginning of May next, and recall that the holiday, which will last six full working days will be the longest in the history of Japan.

On the other hand, investors are looking for the US economy to disclose the preliminary reading of GDP for the first quarter, which may show stability of the largest economy in the world at 2.2%, unchanged from the previous quarter, while may reflect the preliminary reading of GDP Total price-adjusted for the last quarter quarter slowed growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USD / JPY broke the 111.80 level and settled below it, which supports our continued bearish outlook for the coming period, paving the way for targeting 110.08 as the next major station.

Moving below SMA 50 supports bearish expectations, while a breach of 112.14 and stability above it will stop the negative scenario and lead the price to resume the bullish trend in the short term.

The trading range for today is expected among the support at 110.80 and the resistance at 112.14.

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 a rebound to its fourth session since December 26, negating the positive stability of the US dollar near its highest level in nearly two years according to the inverse relationship between them on the eve of ...

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Gold futures traded in a narrowly bullish range during the Asian session to see a rebound to its fourth session since December 26, negating the positive stability of the US dollar near its highest level in nearly two years according to the inverse relationship between them on the eve of developments And economic data expected Friday by the US economy, the largest economy in the world.

Gold futures for June delivery rose 0.28% to currently trade at $ 1,282.60 an ounce, showing a four-month trough from the opening at $ 1,279.10 an ounce, while the US dollar index 0.02% to 98.14 compared to the opening at 98.12.

Investors are waiting for the US economy to reveal the preliminary reading of GDP for the first quarter, which may show the stability of the largest economy in the world at 2.2% unchanged from the previous quarter, while may reflect the preliminary reading of GDP measured in prices Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

White House spokeswoman Sarah Sanders said Tuesday that US Trade Representative Robert Leitzer and US Treasury Secretary Stephen M. Moshin will travel to Beijing by the end of the month for another round of trade talks and meet Chinese Vice Premier Liu Hu, who will lead a Chinese delegation Will visit Washington for further discussions and trade talks on May 8.

On the other hand, experts at Standard Chartered Bank expect gold prices to rise again to last year's highs of $ 1,365 an ounce, as prices nearing the peak and falling to its lowest level this year, amid speculation that one of the main assumptions The price recovery may support the Fed's adherence to the patience policy and the suspension of plans to tighten monetary policy and raise interest rates.

According to experts, the default is based on the Federal Reserve's readiness for a possible recession by 2021, which could support the performance of safe haven gold, as they point to a surge in global central bank purchases and recent high demand for gold by China and India, By the price cycle, accordingly they expect prices to rise to $ 1,365 an ounce and that the average price next year is $ 1,375 an ounce

Technical Analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold is testing a fresh retest of the previously broken neckline of the triple top pattern at 1282.00, and the price needs to remain below this level so that the negative impact of this pattern remains effective, awaiting a resumption of the bearish bias and breaking the 1275.30 level to reinforce expectations of the continuation of the bearish correction.

Therefore, we will maintain our bearish bias unless 1282.00 is breached and stability above it, noting that the awaited corrective targets start at 1253.20 and extend to 1231.10 after the previous level.

The trading range for today is among the support at 1260.00 and resistance at 1290.00.

The general trend for today is bearish.

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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its rebound to its second lowest session since May 30, 2017 against the US dollar amid tight economic data by Eurozone economies in the last week's session and developments ...

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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its rebound to its second lowest session since May 30, 2017 against the US dollar amid tight economic data by Eurozone economies in the last week's session and developments And economic data expected Friday by the US economy, the largest economy in the world.

At 4:13 am GMT, the EURUSD rose 0.04% to 1.1136, compared to the opening at 1.1132, after reaching a high of 1.1141, while reaching a low of 1.1124.

Investors in the US economy are looking for a preliminary reading of the GDP for the first quarter, which could show the stability of the world's largest economy at 2.2%, unchanged from the previous quarter, while the preliminary reading of GDP Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The EURUSD remains steady below 1.1180, and negative pressure remains for the coming period, supported by SMA 50, and the price is gradually creeping towards our first target at 1.1100, noting that we expect the bearish bias to continue to visit 1.1040 as a next stop.

Therefore, the bearish trend will remain in the short and short term, provided that the price remains stable below 1.1180 and 1.1245.

The trading range for today is expected between 1.1040 and 1.1200 support

The general trend for today is bearish

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The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound from its lowest level since March 8 against the US dollar amid a lack of economic data by the Australian economy as it is absent due to Anzac holiday and on the eve ...

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The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound from its lowest level since March 8 against the US dollar amid a lack of economic data by the Australian economy as it is absent due to Anzac holiday and on the eve of economic developments and data expected Thursday from Ahead of the US economy, the world's largest economy.

At 02:22 GMT, the AUDUSD rose 0.10% to 0.7024 compared with the opening levels at 0.7012, after reaching a high of 0.7032, while the seven-week low at 0.7006.

We followed the Australian economy's export price index for the first quarter of the first quarter, which came 4.5% better than expectations of a decline of 3.4%. While the import price index showed imports drop by -0.5%, against expectations of 0.4%.

In the same context, the reading of the PPI for the first quarter showed a decline in growth of 0.4% from previous values ​​of 0.5%. While the PPI's annual reading showed a decline in growth of 1.9% compared to 2.0% for the previous reading.

Investors in the US economy are looking for a preliminary reading of the GDP for the first quarter, which could show the stability of the world's largest economy at 2.2%, unchanged from the previous quarter, while the preliminary reading of GDP Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AUDUSD is nearing a retest of the previously breached 0.7044, which is the first protection for the continuation of yesterday's suggested negative scenario along with the second resistance at 0.7110, to continue to dampen the bearishness in the coming sessions, mainly targeting 0.6800.

Keep in mind that breaching the above resistance levels will push the price to instantaneous gains starting at 0.7145 and extending to 0.7250.

The trading range for today is expected among the support at 0.6950 and the resistance at 0.7080

The general trend for today is bearish

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Amazon shares broke through the 1890.34 resistance and closed above it so the stock continues to rise

The price fluctuates above the moving averages 7-7 and 20 which support the price to rise and continue in the bullish path.

Stochastic in the overbought area and started out of it ...

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Amazon shares broke through the 1890.34 resistance and closed above it so the stock continues to rise

The price fluctuates above the moving averages 7-7 and 20 which support the price to rise and continue in the bullish path.

Stochastic in the overbought area and started out of it therefore we may see price correction and retest support 1890.34

The expected movement between the support 1765.27 and the resistance 2050.80

General direction of the movement: upward

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EURUSD

The pair is trading below 1.1150. If today’s US GDP data is not weaker than predicted, the pair may pass this level. In the opposite scenario, it may continue the local decline.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14 ...

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EURUSD

The pair is trading below 1.1150. If today’s US GDP data is not weaker than predicted, the pair may pass this level. In the opposite scenario, it may continue the local decline.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is leaving the oversold territory. Stoch indicate an uptrend.

Trading recommendations:

Sell the pair as it’s growing, approximately from 1.1150 or after it goes below 1.1125 with a possible target of 1.1100 or even further down to 1.1085.a

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EURUSD

The pair found support at the level of 1.1140 and may partially recover as short positions are being closed, but there’s still a possibility of further drop as the EUR rate is still weak, while investors are interested in dollar assets.

The price is below the middle ...

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EURUSD

The pair found support at the level of 1.1140 and may partially recover as short positions are being closed, but there’s still a possibility of further drop as the EUR rate is still weak, while investors are interested in dollar assets.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is reversing upwards within the oversold territory. Stoch indicate similar tendencies.

Trading recommendations:

Sell the pair as it’s growing from about 1.1190 of after it breaks the level of 1.1140 with a likely target of 1.1100.

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There is no new change on Cisco as the price continues to rise and new historical levels are achieved

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic gives bullish cross signals so we can see a new ...

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There is no new change on Cisco as the price continues to rise and new historical levels are achieved

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic gives bullish cross signals so we can see a new high.

Pay attention to the correction that is likely to occur as a result of profit taking

The general trend of the movement is bullish


 

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The Japanese yen rose slightly against most major currencies, especially the US dollar, as the focus on the central bank's monetary policy committee meeting continued this week.

At 05:45 GMT, the USDJPY dropped 0.25% to 111.84 from the opening levels at 112.16, after reaching a ...

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The Japanese yen rose slightly against most major currencies, especially the US dollar, as the focus on the central bank's monetary policy committee meeting continued this week.

At 05:45 GMT, the USDJPY dropped 0.25% to 111.84 from the opening levels at 112.16, after reaching a low of 111.82, while the highest at 112.25.

The markets are currently looking for the outcome of the BoJ meeting, during which the Bank of Japan monetary policymakers may keep interest rates at negative levels of 0.10% in conjunction with the disclosure of the monetary policy statement and ahead of the press conference of Japanese Governor Haruhpuku Kuroda in the Japanese capital Tokyo.

In another context, markets are looking forward to what Japanese Prime Minister Shinzo Abe will meet with EU leaders before heading to Washington for a summit with US President Donald Trump, during which he is expected to discuss a trade deal with Japan and the United States. To obtain an extension of the exemption of his country from falling under the penalty of economic sanctions on Iran and Iran's oil importers.

On the other hand, investors are looking ahead to the US economy to release the Durable Goods Orders, which account for about half of consumer spending, which accounts for more than two-thirds of US gross domestic product, which could reflect a rise of 0.7% from 0.3% in February. , And the core reading of the index itself may rise 0.2% from 0.1% in February.

This comes in conjunction with the reading of the index of requests for aid, which may show a rise of 7 thousand applications to 199 thousand applications during the last week last Saturday, as may show the reading of the index of continuing requests for a rise by 29 thousand applications to 1,682 thousand applications during the week in the past 13 This month, before we see the US Treasury Department's semi-annual report on international economic and exchange rates.

Technical analysis:


The USD / JPY pair attempted to break through the 112.14 level but started today with a bearish bias to settle below this level, keeping the bearish scenario intact so far and the price needs to break the 111.80 level to confirm the continuation of the bearish trend, which is next target at 110.08.

Stochastic is providing a negative cross signal now to support the bearish outlook while noting the importance of stability below 112.14 to maintain the suggested bearishness.

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

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 26 amid the decline of the US dollar index, rebounding to its second-highest session since May 16, 2017 according to Of the inverse relationship between them on the ...

Read more...

Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its third-lowest session since December 26 amid the decline of the US dollar index, rebounding to its second-highest session since May 16, 2017 according to Of the inverse relationship between them on the eve of the decisions and directions of the Bank of Japan as well as developments and economic data expected Thursday by the US economy, the largest economy in the world.

Gold futures for June delivery rose 0.03% to currently trade at $ 1,278.30 per ounce from the opening at $ 1,277.90 an ounce, with the US dollar index down 0.07% to 98.03 from the opening at 98.10. 

Gold prices closed higher today despite the dollar's rise against most major currencies and the positive atmosphere surrounding US-China trade negotiations.

US President Donald Trump said negotiations with the Chinese side were going well, expecting a trade deal soon.

Trump also stressed that the US economy is doing well and will seek help from the Supreme Constitutional Court if the Democratic Party attempts to remove him from the presidency.

Separately, the dollar index (against a number of major currencies) rose by 0.4% to 98 points by 17:50 GMT, hitting a 98-point high and a low of 97.5.

Gold rose June delivery by 0.5% to close at $ 1279.4 an ounce and recorded a day high of $ 1280.7 and a low of $ 1270.5.

Technical analysis:


Gold continues to fluctuate around 1275.30 and SMA 50 continues to pressure the pair negatively, noting that Stochastic is beginning to provide a negative cross signal now.

Therefore, these factors encourage us to continue with the bearishness in the coming period, with the following main targets at 1253.20 and 1231.10, while noting that breaching 1282.00 will stop the suggested decline and push the price to test the level of 1302.60 before determining the next destination more clearly.

The trading range for today is among the key support at 1253.20 and resistance at 1290.00

The general trend for today is bearish

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