Analytic reviews

The single currency fluctuated the euro in a narrow range tilted upward against the US dollar on the cusp of developments and economic data expected on Tuesday by the economies of the euro area and the US economy, which includes the talk of FOMC member and Deputy Governor of the Federal Reserve Bank of Elle Brenard about the expectations of economic and monetary policy at a seminar Online hosted by the National Association of Business Economics.

At exactly 05:02 am GMT, the euro pair rose against the US dollar by 0.01% to 1.1345 levels, compared to the opening levels at 1.1343 after the pair achieved its highest level during the trading session at 1.1350, while achieving the lowest at 1.1335.

Markets are awaiting the largest Eurozone economies, Germany, to disclose inflation data with the release of the final CPI reading, which may confirm 0.6% growth unchanged from the previous initial reading for June and 0.1% contraction in May, before that We are witnessing the Eurozone economies as a whole the release of the industrial production index, which may reflect a rise of 14.9% compared to a decline of 17.1% in April.

This comes in conjunction with the disclosure of a statistical reading of the ZEW economic confidence index for the Eurozone economies as a whole, which may explain the expansion of the expansion to 55.8 compared to 58.6 in the previous reading in May, as a statistical reading of the ZEW economic confidence index for Germany may show a decrease Widening to 60.1 compared to 63.4 in May.

On the other hand, investors are currently waiting for the US economy to disclose inflation data with the release of the CPI reading that may show 0.5% growth versus a 0.1% contraction in May, as the substantial reading of the same indicator may show 0.1% growth versus 0.1% contraction While the annual reading of the index may reflect the acceleration of growth to 0.6% versus 0.1%, and the substantial annual reading may show a slowdown in growth to 1.1% versus 1.2%.

Technical analysis

The euro against the dollar pair approached the resistance of the bullish intraday channel that appears in the picture, and begins to offer negative trades on its way to a possible test to support this channel, as the price is affected by the negativity of the stochastic indicator, which may force him to provide some bearish bias during the upcoming sessions.

But in general, we continue to favor the bullish trend over the intraday and short term with price stability above 1.1270, supported by the EMA50 that continues carrying the pair from below, noting that our next main target is at 1.1420.

The expected trading range for today is between 1.1270 support and 1.1420 resistance.

Expected trend for today: bullish.

The Gazprom share continues to move below the resistance represented by the minimum upside channel within which it was moving in addition to the resistance level 202.60.

The price reached the support area, which is SMA 50.

The price is now moving below the 50-20 averages, which form the first levels of price resistance.

While we have major resistance at 202.40 and key support at 186.11.

We see that the stochastic oscillator has left the overbought zone on a bearish path and is heading towards the oversold zone.

The price action will be between the support level 185.60 and the resistance level 215.80.

The general direction of movement is bullish.

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session, to witness its bounce back to the third session in five sessions from its highest since September 19, 2011, amid the positive stability of the US dollar index according to the inverse relationship between them after the developments and economic data that they followed from the Chinese economy The largest consumer of metals globally and on the cusp of developments and economic data expected today Tuesday by the US economy, the largest economy in the world.

At exactly 03:39 am GMT, gold futures contracts for next August delivery fell 0.24% to trade at $ 1,800.80 per ounce compared to the opening at $ 1,805.20 per ounce, knowing that the contracts started the session’s trading on a falling price gap after it concluded trading Yesterday at $ 1,814.10 an ounce, with the US dollar index rising 0.05% to 96.56 compared to the opening at 96.52.

We have followed the Chinese economy, the largest economy in Asia, and the second largest in the world. The Trade Balance Index reading showed that the surplus has shrunk to 329 billion yuan, equivalent to $ 46.4 billion, compared to 443 billion yuan, equivalent to $ 62.9 billion last May, worse. From expectations that the surplus will shrink to 410 billion yuan ($ 58.3 billion), as imports increased more than exports during the past month.

On the other hand, investors are currently waiting for the US economy to disclose inflation data with the release of the CPI reading that may show 0.5% growth versus a 0.1% contraction in May, as the substantial reading of the same indicator may show 0.1% growth versus 0.1% contraction While the annual reading of the index may reflect the acceleration of growth to 0.6% versus 0.1%, and the substantial annual reading may show a slowdown in growth to 1.1% versus 1.2%.

Technical analysis

The price of gold faces intraday negative pressure to test the support of the bullish sub-channel that appears in the picture, accompanied by the approach of the stochastic indicator from oversold areas in the sale, and we notice that the EMA50 meets the mentioned support to add more strength to it.

Consequently, these factors encourage us to continue to suggest the bullish trend for the next period, which targets 1840.00 then 1860.00 levels as the next main stations, noting that a break of 1777.00 will stop the expected rise and press the price to start a downside corrective wave over the intraday basis.

The expected trading range for today is between 1785.00 support and 1830.00 resistance.

Expected trend for today: bullish.

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its rebound to the seventh session in ten sessions from the top since June 9 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and on the cusp of developments and economic data expected today Tuesday by The American economy is the largest economy in the world.

At 05:50 am GMT, the US dollar pair fell against the Japanese yen by 0.06% to 107.23 levels compared to the opening levels at 107.29 after the pair achieved its lowest level during the trading session at 107.12, while achieving the highest at 107.37.

On the Japanese economy, we have followed the disclosure of industrial sector data with the release of the final reading of industrial production, which showed a widening decline to 8.4% compared to the previous initial reading for the month of May and expectations at 8.4% and against a decline of 9.8% last April, as indicated by the annual reading For the same indicator, the decline expanded to 26.3% compared to 25.9%, and the reading of the rate of energy utilization reflected a decrease in the decline to 11.6% compared to 13.3%.

On the other hand, investors are currently waiting for the US economy to disclose inflation data with the release of the CPI reading that may show 0.5% growth versus a 0.1% contraction in May, as the substantial reading of the same indicator may show 0.1% growth versus 0.1% contraction While the annual reading of the index may reflect the acceleration of growth to 0.6% versus 0.1%, and the substantial annual reading may show a slowdown in growth to 1.1% versus 1.2%.

Technical analysis

The dollar against the yen traded positively positive yesterday to test the resistance line that appears in the image, and today begins with a bearish tendency in a sign of the trend of the price to resume the bearish trend, supported by the negative signal that appears clearly through the stochastic indicator, waiting for the trend towards 106.44 as the first main target.

Therefore, we will maintain our bearish expectations, provided that the price maintains its stability below 107.68, while noting that breaching the targeted level will extend the descending wave to reach 105.20 in the short term.

The expected trading range for today is between 106.40 support and 107.70 resistance.

Expected trend for today: bearish.

AUDNZD

The overall trend is downward. The ascending H1 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.

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

Trading recommendations:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated H1 level pattern.

Stop Loss beyond the resistance level 1.0628.

Target levels: 1.0605; 1.0568.

GBPUSD

The pair is trading above 1.2535 in anticipation of the UK GDP release, as well as the employment data and performance indicators. If they turn out to be better than predicted, the pair may continue to grow, but in the opposite scenario, expect the price correction to continue.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located below the level of 50% and indicates a weaker growth. Stoch are in the oversold zone.

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

Trading recommendations:

If the price drops below 1.2535, it may go further down to 1.2455. At the same time, positive news from Britain will result in further growth to 1.2670.

#KO

The stock is trading at the lower border of a flat range. An internal flat zone has formed between 43.50 and 45.51. If the price fixes above the resistance, it will rise to the upper border of the main flat range. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator showed an exit from the oversold zone.

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

Trading recommendations:

Buy above 45.51.

Stop Loss below the support level of 43.50.

Target levels: 47.60; 50.00.

Aeroflot's stock continued the sideways movement during the past week and reached the main support level 78.50, which is one of the important levels to which the price is exposed.

The price continues to move below the moving averages 7-20 level, but it remains moving above the 50 average, which formed the first levels of support for the price and prevented it from falling further.

The stochastic oscillator has left the oversold zone and turned back from it, therefore, it will try to press the price to rebound and test the resistance level 86.50.

The stock can be bought at the 78.50 support level, and the targets will be 86.64- 97.96, and a stop loss is below 68.00