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June 2019

The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second session in a row since June 7 against the Japanese Yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of economic ...

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The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second session in a row since June 7 against the Japanese Yen amid a lack of economic data by the Japanese economy earlier this week and on the eve of economic developments and data expected today Monday by the US economy, the world's largest economy.

At 05:51 am GMT, the pair rose 0.05% to 108.61 compared to the opening levels at 108.48 after recording a high of 108.70 and a low of 108.39. The pair started trading this week on a low price gap after closing last week at 108.56 levels.

Investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect a contraction to 12.1 versus 17.8 in May before we see housing market data released with the housing index reading by the Association National home builders, which may reflect an expansion to $ 67 versus $ 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

USDJPY is showing fresh positive trading near the pivotal resistance of 108.80. Stochastic is showing a large oversold area, which supports downside opportunities to resume the expected bearish trend for the coming period, targeting 108.00 initially.

Recall that breaching the mentioned level will push the price towards 106.75 as the next major station, while stability below 108.80 is an important condition for the continuation of the suggested decline.

The trading range for today is expected among the support at 107.80 and the resistance at 109.10.

The general trend for today is bearish.

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Gold futures fluctuated in a tight range slipping during the Asian session to see their rebound for the second consecutive session from its highest since April 11, 2018, shedding the dollar index for the first time in four sessions according to the inverse relationship between them on the eve Developments ...

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Gold futures fluctuated in a tight range slipping during the Asian session to see their rebound for the second consecutive session from its highest since April 11, 2018, shedding the dollar index for the first time in four sessions according to the inverse relationship between them on the eve Developments and economic data expected Monday by the US economy, the largest economy in the world.

Gold futures for August delivery fell 0.01% to currently trade at $ 1,345.30 per ounce compared with the opening at $ 1,345.50 an ounce. The contracts closed last week at $ 1.344.50 an ounce, while the decline From the US dollar 0.02% to the levels of 97.50 compared to the opening at 97.52, knowing that the index ended last week at 97.57.

Investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect a contraction to 12.1 versus 17.8 in May before we see housing market data released with the housing index reading by the Association National home builders, which may reflect an expansion to $ 67 versus $ 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years before the launch of the press conference of the Governor of the Federal Reserve Jerome Powell.

We would like to point out that the Federal Reserve Governor Powell recently expressed the Federal Reserve's uncertainty about how and when the trade tensions will be resolved, noting that the Federal Commission takes seriously inflationary pressures for an extended period that may affect inflation expectations later, The Federal Reserve is abandoning its policy of patience and cutting interest rates on federal funds in the coming period.

Technical Analysis

Gold found it difficult to hold steady above 1346.70, noting that the price starts today with a bullish upward trend in the direction of resuming positive attempts, in conjunction with Stochastic reaching oversold areas, Breaching the mentioned level to open the way towards the 1365.25 which represents our next main target.

From here, our bullish trend will remain supported by SMA 50, provided that the pair remains stable above 1326.00.

The trading range for today is among the support at 1330.00 and resistance at 1360.00.

The general trend for today is bullish.

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to appeal to the second session of its session since June 6 against the US dollar on the eve of developments and economic data expected Monday by the largest economies of the ...

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The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to appeal to the second session of its session since June 6 against the US dollar on the eve of developments and economic data expected Monday by the largest economies of the euro zone Germany and the US economy The world's largest economy.

At 4:15 am GMT, the EURUSD rose 0.11% to 1.1220, compared to the opening at 1.1213, after recording a high of 1.1224, while reaching a low of 1.1205. This week's trading on a bullish price gap after closing last week at 1.1208 levels.

Investors in Germany are waiting for the release of the German central bank's monthly report before we see ECB President Mario Draghi deliver the opening remarks at the ECB's central bank meeting in Portugal. We are expected to see ECB President Draghi at the same forum For central banks on Tuesday.

On the other hand, investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect the contraction of the widening to 12.1 versus 17.8 in May before we witness the release of housing market data with the Housing Index reading By the National Association of Home Builders, which may reflect an expansion to the value of 67 versus 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

EURUSD oscillates around SMA 50 and holds steady above 1.1180 so far, noting that Stochastic is negating its negative momentum significantly to reach the oversold areas, posing a positive incentive that is expected to help push the pair higher again. .

Therefore, the main bullish scenario will remain intact for the coming period unless the 1.1180 level is broken and stability below it, with our main target expected to reach 1.1443.

The trading range for today is among the key support at 1.1150 and resistance at 1.1300.

The general trend for today is bullish.

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The Australian dollar rose during the Asian session to see its rebound to its second-lowest session since January 3 against the US dollar amid a lack of economic data by the Australian economy earlier this week and on the eve of developments and economic data expected Monday by the US ...

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The Australian dollar rose during the Asian session to see its rebound to its second-lowest session since January 3 against the US dollar amid a lack of economic data by the Australian economy earlier this week and on the eve of developments and economic data expected Monday by the US economy largest economy In the world.

At 2:14 am GMT, the AUDUSD rose 0.13% to 0.6881, compared to the opening levels of 0.6869, after reaching a high of 0.6882, while achieving a low of 0.6867. That the pair started the week's trading on a low price gap after closing last week at 0.6872 levels.

Markets are looking ahead to Tuesday's Reserve Bank of Australia's release of the minutes of the April 4 meeting of the Reserve Bank of Australia, in which monetary policy makers cut short-term benchmark interest rates by 25 basis points for the first time in nearly three years to 1.25% From 1.50%, which was expected by analysts at the time.

On the other hand, investors are looking for the US economy, the world's largest industrial nation, to read the New York Manufacturing Index, which may reflect the contraction of the widening to 12.1 versus 17.8 in May before we witness the release of housing market data with the Housing Index reading By the National Association of Home Builders, which may reflect an expansion to the value of 67 versus 66 in May.

This comes hours before the start of the meeting of the Federal Open Market Committee in Washington, which is expected to keep the interest rates between 2.25% and 2.50% for the fourth meeting in a row, as markets look to reveal the Commission's expectations of growth rates, inflation and unemployment In addition to the future interest rates for the next three years and the forthcoming press conference of Federal Reserve Governor Jerome Powell on Wednesday.

Technical Analysis

AUDUSD continues to fall to the target of 0.6860, and the price is under continuous negative pressure coming from the 50 MA, reinforcing the chances of continuation of the bearish trend in the coming sessions, noting that the next target extends to 0.6707 after breaking the previous level .

Therefore, we will continue to hold the bearishness on the intraday basis unless the level of 0.6970 is breached.

The trading range for today is expected among the support at 0.6820 and resistance at 0.6920.

The general trend for today is bearish.

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Sberbank stock fell and reached the minimum of the ascending channel in which it is moving. Where the price moves around resistance 238.53.

Movement is under the influence of moving averages 20-50 moving below the price and forming support levels for the price.

Stochastic is a positive cross and ...

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Sberbank stock fell and reached the minimum of the ascending channel in which it is moving. Where the price moves around resistance 238.53.

Movement is under the influence of moving averages 20-50 moving below the price and forming support levels for the price.

Stochastic is a positive cross and supports the price to rebound again.

Expected movement between support 211.40 and resistance 258.39.

General trend of the movement: upward.

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EURUSD

The pair is still under pressure in anticipation of new economic stimulus measures by the ECB, the ambiguous consequences of Brexit and the growing demand for dollar assets triggered by the escalating US-China trade war.

The price is below the middle Bolling band, below SMA 5 and SMA 14 ...

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EURUSD

The pair is still under pressure in anticipation of new economic stimulus measures by the ECB, the ambiguous consequences of Brexit and the growing demand for dollar assets triggered by the escalating US-China trade war.

The price is below the middle Bolling band, below SMA 5 and SMA 14. RSI is crossing the oversold territory again. Stoch have reversed upwards, but still remain within the oversold territory.

Trading recommendations:

Sell the pair at a possible rebound upwards from 1.1235 or after it goes below 1.1205 with a possible target of 1.1125.

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The Australian dollar fell during the Asian session to see its rebound to a third session in five sessions of its highest since May 8 against the US dollar following developments and economic data released by the Australian economy on Thursday and on the eve of developments and economic data ...

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The Australian dollar fell during the Asian session to see its rebound to a third session in five sessions of its highest since May 8 against the US dollar following developments and economic data released by the Australian economy on Thursday and on the eve of developments and economic data expected Friday by the US economy The world's largest economy.

At 02:26 am GMT, the Australian dollar fell 0.11% to 0.6901, compared with the opening levels of 0.6914, after reaching its lowest since late last month at 0.6891, while the highest in the session at 0.6917.

Investors are currently eyeing the US economy to reveal a reading of retail sales, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect a 0.7% gain versus a 0.2% drop in April, while the core reading of the same index Growth accelerated to 0.5% from 0.1% in April.

This comes before we see the largest industrialized country in the world disclosure of industrial sector data for the month of May with the release of the index of industrial production, which may show a rise of 0.2% compared to a decline of 0.5% in April, while may show reading the index rate of exploitation Energy accelerated growth to 78.0% compared to 77.9% in April.

Leading to the release of the University of Michigan's consumer confidence index, which may reflect a widening of 98.1 versus 100 in May and consumer expectations of inflation for one year ahead and five years to come, Up 0.4% versus stability at zero levels in March.

Technical Analysis

AUDUSD continues to decline gradually approaching our first target at 0.6860, so that the negative scenario remains valid for the coming sessions, with targets reaching 0.6707 in the near term.

SMA 50 supports bearish expectations, noting that a break of 0.6970 will push the price to test the most important resistance for short term trading at 0.7044 before any new attempt to decline.

The trading range for today is among the key support at 0.6840 and resistance at 0.6950.

The general trend for today is bearish.

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Gold futures rallied during the Asian session, its highest since June 7, when it tested its highest since April 19, 2018, deflecting the dollar index for the fourth session in six sessions from its lowest since 26 From March, according to the inverse relationship between them on the eve of ...

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Gold futures rallied during the Asian session, its highest since June 7, when it tested its highest since April 19, 2018, deflecting the dollar index for the fourth session in six sessions from its lowest since 26 From March, according to the inverse relationship between them on the eve of developments and economic data expected on Friday by the Chinese economy, the world's largest consumer of metals and his US counterpart, the world's largest economy.

Gold futures for August delivery rose 0.32% to currently trade at $ 1,350.80 per ounce from the opening at $ 1,346.50 per ounce, while the dollar index rose 0.05% to 97.06 compared to the opening at 97.01. .

The markets are now looking for China's National Bureau of Statistics to release its annual retail sales index, which may reflect a rapid growth to 8.0% from 7.2% in April, coinciding with the Industrial Production Index's annual reading, which could show a 5.4% growth Little changed from what it was in April, and also with the reading of unemployment rates last month.

On the other hand, investors are currently looking for the US economy to reveal the reading of retail sales, which account for about half of consumer spending, which accounts for more than two thirds of the US gross domestic product, which may reflect a rise of 0.7% compared to a 0.2% decline in April, while may The core reading of the same index shows growth accelerating to 0.5% versus 0.1% in April.

This comes before we see the largest industrialized country in the world disclosure of industrial sector data for the month of May with the release of the index of industrial production, which may show a rise of 0.2% compared to a decline of 0.5% in April, while may show reading the index rate of exploitation Energy accelerated growth to 78.0% compared to 77.9% in April.

Leading to the release of the University of Michigan's consumer confidence index, which may reflect a widening of 98.1 versus 100 in May and consumer expectations of inflation for one year ahead and five years to come, Up 0.4% against stability at zero levels in March.

Technical Analysis

The price of gold has touched 1346.70 and attempts are underway to breach it, supporting the short-term uptrend, with our next target at 1365.25.

Therefore, we expect further upside in the coming sessions supported by SMA 50, noting that the continuation of the expected rally requires stability above 1320.30.

The trading range for today is among the support at 1335.00 and resistance at 1365.00.

The general trend for today is bullish.

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The US dollar fluctuated in a narrow range slipping towards the Asian session to see its fourth session retreat since May 31 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of economic developments ...

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The US dollar fluctuated in a narrow range slipping towards the Asian session to see its fourth session retreat since May 31 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of economic developments and data expected today Friday by the US economy, the world's largest economy.

At 05:51 am GMT, the pair dropped 0.06% to 108.32 from the opening level at 108.38 after recording a low of 108.27 and a high of 108.40.

On the Japanese economy, the final reading of industrial production, which showed a stable growth of 0.6%, unchanged from the previous preliminary reading for April, is in line with expectations, compared with 0.6% decline in March, while reading The index itself was stable at 1.1% and 4.3%, while the energy utilization rate showed a rise of 1.6% against 0.4%.

On the other hand, investors are currently looking for the US economy to reveal a reading of retail sales, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect a 0.7% gain versus a 0.2% fall in April, The core reading of the index itself accelerated to 0.5% from 0.1% in April.

This comes before we see the largest industrialized country in the world disclosure of industrial sector data for the month of May with the release of the index of industrial production, which may show a rise of 0.2% compared to a decline of 0.5% in April, while may show reading the index rate of exploitation Energy accelerated growth to 78.0% compared to 77.9% in April.

Leading to the release of the University of Michigan's consumer confidence index, which may reflect a widening of 98.1 versus 100 in May and consumer expectations of inflation for one year ahead and five years to come, Up 0.4% versus stability at zero levels in March.

Technical Analysis

USDJPY continues to fluctuate when supporting the bullish intraday channel, and the price needs to confirm a break of 108.30 to get a good negative incentive that strengthens the chances of resuming the main bearish trend, noting that the main targets start with breaking the 108.00 level to confirm the extension of the downside wave towards 106.75.

Therefore, the bearish trend will remain in the short and short term unless the level of 108.80 is broken and stability above it.

The trading range for today is expected among the key support at 107.50 and the resistance at 108.80.

The general trend for today is bearish.

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Amazon shares rose after support steadied 1679.23 and reached resistance 1890.43.

The price is moving above the moving averages 7-20 and 50 which are forming support levels for the price and the price is pressed to rise and test the resistance again.

Stochastic is out of the overbought ...

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Amazon shares rose after support steadied 1679.23 and reached resistance 1890.43.

The price is moving above the moving averages 7-20 and 50 which are forming support levels for the price and the price is pressed to rise and test the resistance again.

Stochastic is out of the overbought areas in a bearish move so we can see some correction in the price action.

The expected movement between 1679.23 support and 2050.79 resistance.

General direction of the movement: upward.

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