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Wednesday, September 30th, today’s news—Chinese PMI rose in September, Asian and Pacific markets are mixed. American and European markets fall following the presidential debates in the US, the dollar is stronger. The price of Brent oil is $41.06, WTI—$38.92, EUR/USD is at 1.1701 ...

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Wednesday, September 30th, today’s news—Chinese PMI rose in September, Asian and Pacific markets are mixed. American and European markets fall following the presidential debates in the US, the dollar is stronger. The price of Brent oil is $41.06, WTI—$38.92, EUR/USD is at 1.1701, GBP/USD—1.2828, gold is $1,888.75 per ounce.

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The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from its high since September 15 against the Japanese yen following the developments and economic data that they followed on the Japanese economy and on the cusp of economic developments ...

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The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from its high since September 15 against the Japanese yen following the developments and economic data that they followed on the Japanese economy and on the cusp of economic developments and data expected today, Wednesday, by the US economy, the largest economy in The world which includes the speech of the members of the Federal Open Market Committee.

 

At exactly 07:03 AM GMT, the US dollar against the Japanese yen fell by 0.16% to 105.49 levels, after the pair achieved its lowest level during the session's trading at 105.47, while the pair achieved its highest in two weeks at 105.80.

 

We have followed up on the Japanese economy, the second largest in Asia and the third largest in the world, revealing the seasonally adjusted reading of the retail sales index, which showed an increase of 4.6% against a decline of 3.4% in July, beating expectations for a 3.2% rise, while the reading indicated The annual decline in the same index narrowed to 1.9% from 2.9% in July, also beating expectations that indicated a widening decline to 3.2%.

 

We also followed 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 preliminary reading of industrial production, which showed a slowdown in growth to 1.7% compared to 8.7% in July, surpassing expectations that indicated 1.5% growth. While the annual reading of the same index showed a contraction of the decline to 13.3% compared to 15.5% in July, worse than expectations for a 10.0% decline.

 

Coming to the disclosure of housing market data with the release of the annual reading of the Housing Starts Index, which showed a decline in the decline to 9.1% compared to 20.4% in July, surpassing expectations that indicated a decrease in the decline to 10.0%. Otherwise, we have just followed the President’s call New Japanese cabinet minister Yoshihide Suga to Japanese wireless carriers to lower prices, according to Reuters news agency.

 

On the other hand, investors are waiting for the US economy to reveal preliminary data on the US labor market with the release of the index of change in private sector jobs, which may reflect an acceleration of job creation to 650,000 jobs compared to 428,000 jobs in August, hours before The unveiling tomorrow, Friday, of the monthly report on jobs other than agricultural and unemployment rates, in addition to the average hourly income for the month of September.

 

This comes before we witness the disclosure of the final reading of the gross domestic product index, which may confirm the contraction of the largest economy in the world 31.7%, unchanged from the previous preliminary reading for the second quarter and against a contraction of 5.0% in the previous reading of the last first quarter, as the final reading of the index may confirm The same measured by prices shrinking 2.0%, unchanged from the previous initial reading, and against 1.4% growth in the first quarter.

 

Down to the disclosure of industrial sector data for the largest industrialized country in the world, with the release of the Chicago PMI reading, which may reflect an expansion to 52.0 compared to 51.2 in August, before the US housing market data was revealed with the release of existing home sales, which may It shows growth slowing to 3.1%, from 5.9% in July.

 

Markets are also looking forward to the members of the Federal Open Market Committee each of Minneapolis Federal Reserve Chairman Neil Kashkari about the Coronavirus and the economy in a hypothetical forum hosted by Wisconsin for manufacturers and trade, and Deputy Governor of the Federal Reserve Michael Bowman, who will deliver a speech under the title "Banks Rise to the Challenge." In community banking at the 21st Century Research and Policy Conference.

Technical analysis

  

The dollar versus yen was unable to breach the resistance line that appears in the image and stabilize above it, until the bullish trend scenario is activated on the intraday basis, on its way to visit the 106.44 level mainly, supported by the move above the 50 SMA.

 

The bullish bias remains likely during the upcoming sessions, keeping in mind that breaking 105.55 will stop the expected rise and push the price to test the pivotal support 105.20 in an attempt to resume the main bearish trend again.

 

The expected trading range for today is between 105.00 support and 106.44 resistance.

 

The expected general trend for today: Bullish.

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Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session amid the positive stability of the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of ...

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Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session amid the positive stability of the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of minerals in the world and on the cusp of economic developments and data expected today, Wednesday, by the largest American economy Economy in the World, which includes the speech of members of the Federal Open Market Committee.

 

At exactly 05:57 am GMT, gold futures contracts for December delivery fell 0.40% to trade at $ 1,895.70 per ounce compared to the opening at $ 1,903.20 per ounce, amid the US dollar index rising 0.05% to 93.91 compared to the opening at 93.86.

 

We have followed up on the disclosure by the China Federation of Logistics and Procurement (CFLP) of the industrial and service sector data for the past month, which indicated that the industrial sector expanded to a value of 51.5 compared to 51.0 in the previous reading of last August, contrary to expectations that indicated an expansion to 51.3, and the expansion of the service sector to Its value was 55.9 compared to 55.2 in August, missing expectations for a narrowing of the breadth to 54.6.

 

On the other hand, investors are waiting for the US economy to reveal preliminary data on the US labor market with the release of the index of change in private-sector jobs, which may reflect an acceleration of job creation to 650,000 jobs compared to 428,000 jobs in August, hours before The unveiling tomorrow, Friday, of the monthly report on jobs other than agricultural and unemployment rates, in addition to the average hourly income for the month of September.

This comes before we witness the disclosure of the final reading of the gross domestic product index, which may confirm the contraction of the largest economy in the world 31.7%, unchanged from the previous preliminary reading for the second quarter and against a contraction of 5.0% in the previous reading of the last first quarter, as the final reading of the index may confirm The same measured by prices shrinking 2.0%, unchanged from the previous initial reading, and against 1.4% growth in the first quarter.

Down to the disclosure of industrial sector data for the largest industrialized country in the world, with the release of the Chicago PMI reading, which may reflect an expansion to 52.0 versus 51.2 in August, before the US housing market data was released with the release of existing home sales, which may It shows a slowdown in growth to 3.1%, compared to 5.9% last July.

 

Markets are also looking forward to the members of the Federal Open Market Committee each of Minneapolis Federal Reserve Chairman Neil Kashkari about the Coronavirus and the economy in a hypothetical forum hosted by Wisconsin for manufacturers and trade, and Deputy Governor of the Federal Reserve Michael Bowman, who will deliver a speech under the title "Banks Rise to the Challenge." In community banking at the 21st Century Research and Policy Conference.

Other than that, we have just followed the actions of the first presidential debate between Republican US President Donald Trump and the Democratic candidate for the US presidential elections scheduled for the third of next November, Joe Biden, which took place at Case Western Reserve University and the Cleveland Clinic in Cleveland, Utopia state, We would like to point out that the futures contracts for US stock indices witnessed a decline after the US presidential debate.

Technical analysis

  

Gold price succeeded in reaching our awaited target at 1901.00 and stabilizes near it, and begins to provide signs of a possible bearish rebound, affected by the strength of the aforementioned level, which makes us prefer to stop neutral until we get a clearer confirmation signal for the next trend, which we will get by breaching the resistance 1901.00 or breaking Support 1890.00.

 

We point out that breaching the resistance will push the price to achieve additional gains, reaching 1934.86, while breaking the support will press the price to decline again and head towards the pivotal support 1860.90 again.

 

The expected trading range for today is between 1870.00 support and 1915.00 resistance.

 

The expected overall trend for today: Neutral.

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#SBER

The support level of 223.0 holds back sellers. The fast moving average (150 EMA) crossed the slow moving average (365 EMA) moving upwards, which indicates a likely upward movement. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.

#SBER rate online: monitor the price ...

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#SBER

The support level of 223.0 holds back sellers. The fast moving average (150 EMA) crossed the slow moving average (365 EMA) moving upwards, which indicates a likely upward movement. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.

#SBER rate online: monitor the price movement in real time.

Trading recommendations:

Buy when an ascending wave pattern is formed, where the wave (aС) breaks through the inclined channel of the descending (red ) pattern.

Stop Loss: 223.00.

Target levels: 232.00; 238.00.

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AUDUSD

The currency pair is trading in the range of 365 and 135 moving averages directed down. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. 135 the moving average is broken by the downward movement (1).

AUDUSD rate online: monitor the price movement in real ...

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AUDUSD

The currency pair is trading in the range of 365 and 135 moving averages directed down. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. 135 the moving average is broken by the downward movement (1).

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

Trading recommendations:
Sell when a 1-2-3 descending pattern is formed.

Stop Loss: 0.7152.

Target: 0.7008.

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GBPUSD

The pair is turning down, having failed to surpass 1.2885 amid the Brexit issues, as well as the expectations of extremely negative Q2 GDP.

Technical side:

The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is at 50 ...

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GBPUSD

The pair is turning down, having failed to surpass 1.2885 amid the Brexit issues, as well as the expectations of extremely negative Q2 GDP.

Technical side:

The price is above the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is at 50%. Stoch are falling.

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

Trading recommendations:

Sell the pair with a probable decline to 1.2700.

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Tuesday, September 29th, today’s news—total deaths from COVID-19 globally hit 1 million. European markets fall amid the escalating pandemic and the unresolved Brexit issues, global markets are weak ahead of the presidential debates in the US, the dollar and the pound sterling are stronger. The price of Brent ...

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Tuesday, September 29th, today’s news—total deaths from COVID-19 globally hit 1 million. European markets fall amid the escalating pandemic and the unresolved Brexit issues, global markets are weak ahead of the presidential debates in the US, the dollar and the pound sterling are stronger. The price of Brent oil is $42.65, WTI—$40.34, EUR/USD is at 1.1694, GBP/USD—1.2868, gold is $1,890.60 per ounce.

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The Australian dollar fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session from its lowest since July 20 against the US dollar amid scarcity of economic data at the beginning of this week by the Australian economy ...

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The Australian dollar fluctuated in a narrow range slanting to an upward trend during the Asian session, to witness its retracement of the third session from its lowest since July 20 against the US dollar amid scarcity of economic data at the beginning of this week by the Australian economy and on the cusp of economic developments and data expected today, Tuesday, before The US economy is the largest economy in the world, which includes speeches by members of the Federal Open Market Committee.

 

At exactly 03:49 AM GMT, the Australian dollar against the US dollar rose 0.14% to 0.7081 levels, compared to opening levels at 0.7071, after the pair achieved its highest level during the session's trading at 0.7096, while it reached its lowest level at 0.7070.

 

Investors are currently awaiting the US economy for the release of the merchandise trade balance index reading, which may explain the widening of the deficit to a value of $ 81.8 billion compared to $ 79.3 billion last July, in conjunction with the release of the preliminary reading of the wholesale stocks index, which may reflect a contraction of 0.1% versus 0.3% in the previous reading for July.

 

This comes before we witness the disclosure of housing market data with the release of the annual home price index reading, which may show an acceleration of growth to 3.6% compared to 3.5% last June, and before the Federal Open Market Committee member and New York Federal Reserve Chairman John Williams spoke via satellite. Industrial in the US Treasury Market 2020 conference.

 

Markets are also looking forward to a speech by a member of the Federal Open Market Committee and Chairman of the Philadelphia Federal Reserve Bank Patrick Harker about the economics of artificial intelligence and machine learning in a webinar hosted by the Official Financial and Monetary Institutions Forum, leading to the disclosure of the Consumer Confidence Index reading, which may reflect an expansion to a value of 90.0 compared to 84.8 last August.

 

And this comes before we witness other members of the Federal Reserve speaking via satellite: Fed Governor Richard Clarida, who will participate in a panel discussion titled "Future Considerations for Treasury Market Resilience" at the US Treasury Market Conference, and Fed Deputy Governor Randall Quarles and who He will participate in a virtual panel discussion on financial regulation at a seminar hosted by Harvard Law School.

Technical analysis

  

The Australian dollar against the US dollar has been trading in a calm positive since yesterday, to test the 0.7085 level, and as we indicated in our latest report, the price needs to stabilize below this level in order for the bearish trend to remain intact for the coming period, as breaching it will push the price to test 0.7190 areas before any new attempt to decline.

The stochastic oscillator is losing its positive momentum to support the chances of resuming the expected decline, in addition to the negative pressure that the EMA 50 represents, to maintain our expectations for the bearish trend that require stability below 0.7085, noting that our next target is at 0.6964.

The expected trading range for today is between 0.7000 support and 0.7120 resistance.

The expected general trend for today: Bearish.

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

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

While we have major resistance at 202.70 and ...

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

The price is now moving below the 20-50 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 exited from the overbought area and 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.

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Futures contracts for gold prices fluctuated in a narrow range tending to decline during the Asian session amid the positive stability of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest ...

Read more...

Futures contracts for gold prices fluctuated in a narrow range tending to decline during the Asian session amid the positive stability of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest economy in the world, which includes the speech of members of the Federal Open Market Committee.

 

At exactly 05:55 am GMT, gold futures contracts for December delivery fell 0.01% to trade at $ 1,886.20 an ounce compared to the opening at $ 1,886.40 per ounce, knowing that the contracts started the session on a rising price gap after it was concluded Yesterday's trading was at $ 1,882.30 per ounce, amid the US dollar index rising 0.01% to 94.22 compared to the opening at 94.22.

 

Investors are currently awaiting the US economy for the release of the merchandise trade balance index reading, which may explain the widening of the deficit to a value of $ 81.8 billion compared to $ 79.3 billion last July, in conjunction with the release of the preliminary reading of the wholesale stocks index, which may reflect a contraction of 0.1% versus 0.3% in the previous reading for July.

 

This comes before we witness the disclosure of housing market data with the release of the annual home price index reading, which may show an acceleration of growth to 3.6% compared to 3.5% last June, and before the Federal Open Market Committee member and New York Federal Reserve Chairman John Williams spoke via satellite. Industrial in the US Treasury Market 2020 conference.

 

Markets are also looking forward to a speech by a member of the Federal Open Market Committee and Chairman of the Philadelphia Federal Reserve Bank Patrick Harker about the economics of artificial intelligence and machine learning in a webinar hosted by the Official Financial and Monetary Institutions Forum, leading to the disclosure of the Consumer Confidence Index reading, which may reflect an expansion to a value of 90.0 compared to 84.8 last August.

 

And this comes before we witness other members of the Federal Reserve speaking via satellite: Fed Governor Richard Clarida, who will participate in a panel discussion titled "Future Considerations for Treasury Market Resilience" at the US Treasury Market Conference, and Fed Deputy Governor Randall Quarles and who He will participate in a virtual panel discussion on financial regulation at a seminar hosted by Harvard Law School.

Technical analysis

  

Gold price confirmed the breach of 1877.00 after closing the daily candlestick above it, which activates the bullish trend scenario on the intraday basis, heading towards testing the 1901.80 level mainly, and it may extend to test the previously broken horizontal support that turns into an important resistance now at 1911.00.

From here, a bullish bias will be likely for today, bearing in mind that breaking 1877.00 and holding below it will put the price under negative pressure, whose targets start with testing 1860.90.

The expected trading range for today is between 1855.00 support and 1911.00 resistance.

The expected general trend for today: Bullish.

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