Analytic reviews

The euro currency fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since the third of June, while it is still in its second weekly losses in a row against the US dollar on the cusp of developments and economic data expected on Friday by The euro area economies and the US economy are the largest in the world.
 
At 05:16 am GMT, the euro pair rose against the US dollar by 0.07% to 1.1213 levels, compared to the opening levels at 1.1205, after the pair achieved its highest level during the trading session at 1.1216, while achieving the lowest at 1.1216.
 
The markets are looking to reveal the current account index reading for the eurozone economies as a whole for the month of May, in conjunction with the European Union leaders ’summit, which is expected to discuss the European recovery plan file due to the negative repercussions of the spread of the Corona virus and the new EU’s long-term budget via satellite Industrial, and it is reported that German Chancellor Angela Merkel expressed yesterday that a decision on the plan may not be reached tomorrow.
 
On the other hand, investors are currently awaiting by the US economy the release of the current account reading, which may reflect the deficit shrinkage to $ 101 billion compared to $ 110 billion during the past fourth quarter, before we witness the talk of the Deputy Governor of the Federal Reserve and a member of the Federal Open Market Committee Randall Quarles about bank solvency tests at the Women's Public Policy Event on Housing and Satellite Finance.
 
Up to the participation of Federal Reserve Governor Jerome Powell with the President of the Cleveland Bank and member of the Federal Open Market Committee Loretta Mester in a hypothetical discussion about building a flexible workforce during the era of Corona Virus at the Youngstown Community Event in Ohio, and this comes hours after the expiry of the certification activities The Governor Powell's semiannual about monetary policy in front of Congress.
 
We would like to point out, because Powell Naughty testified before the Congress that there is a state of uncertainty about the timing and strength of the potential economic recovery and that the current downturn may lead to widening inequality within America in the event that the matter is not contained, while touching that "until the confidence is restored that the Corona pandemic is under control." , A full recovery will not be possible "and that" the downward curve continues and with it the possibility of jobs falling under the risk of final loss and business closure "
 

Technical analysis

  
The euro against the dollar pair reached a few points difference from our awaited target at 1.1175, and some bullish tendency appears affected by the positivity of the stochastic indicator, and it may witness temporary positive trades before resuming the decline again, where we expect the bearish trend to dominate during the upcoming sessions due to the impact of the completed head and shoulders pattern, and with support SMA 50.
 
From here, the bearish trend will remain valid for the coming period, and breaking 1.1175 will push the price to 1.0985 as the next main target, while a break of 1.1270 is a positive factor that will stop the current corrective corrective path and lead the price to restore the main bullish direction again.
 
The expected trading range for today is between 1.1110 support and 1.1300 resistance
 
Expected trend for today: bearish
 

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session amid the negative stability of the dollar index according to the inverse relationship between them on the threshold of developments and economic data expected on Friday by the American economy, the largest economy in the world, which includes the talk of members of the Federal Open Market Committee, headed by the governor of the Reserve Bank Federalist Jerome Powell.

At exactly 04:22 am GMT, gold futures contracts for next August delivery rose 0.32% to trade at $ 1,735.40 per ounce compared to the opening at $ 1,729.80 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded trading Yesterday at $ 1,731.10 an ounce, with the US dollar index down 0.04% to 97.40 compared to the opening at 97.44.

The markets are currently awaiting by the US economy the release of the current account reading, which may reflect the deficit shrinkage to $ 101 billion compared to $ 110 billion during the past fourth quarter, before we witness the speech of Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles about Banking solvency tests at the Women's Policy Event in Satellite Housing and Finance.

Up to the participation of Federal Reserve Governor Jerome Powell with the President of the Cleveland Bank and member of the Federal Open Market Committee Loretta Mester in a hypothetical discussion about building a flexible workforce during the era of Corona Virus at the Youngstown Community Event in Ohio, and this comes hours after the expiry of the certification activities The Governor Powell's semiannual about monetary policy in front of Congress.

We would like to point out, because Powell Naughty testified before the Congress that there is a state of uncertainty about the timing and strength of the potential economic recovery and that the current downturn may lead to widening inequality within America in the event that the matter is not contained, while touching that "until the confidence is restored that the Corona pandemic is under control." , A full recovery will not be possible "and that" the downward curve continues and with it the possibility of jobs falling under the risk of final loss and business closure "

Powell said earlier this week that it is unlikely that we will fully recover the largest economy in the world before restoring economic confidence, with his consideration of the fact that the epidemic has a greater impact on people with low incomes, while addressing the fact that the difference in high unemployment is now in 2008, that At that time, there were no jobs, while the current situation is the result of business closings and that with its return people return to their jobs.

Powell stressed that the Federal Reserve is ready to provide more stimulus if the need arises and that the Federal Open Market Committee will do everything in its power to support the American economy, and that he touched on the fact that the Federal Reserve works to ensure the effectiveness of protection and safety systems before working to issue a digital dollar , Adding that if it turns out that the digital currency will be beneficial to the American economy, then the Federal Reserve will work to issue it.

Technical analysis

The narrow range continues to dominate gold price trading, which hovers around the EMA50, and therefore, there is no change to the upside scenario that targets 1765.00 as a first station, supported by the positive signal provided by the stochastic, while recalling that a break of 1721.00 will put the price under temporary negative pressure To test the level of 1691.90 before any new attempt to rise.

The expected trading range for today is between 1710.00 support and 1760.00 resistance

Expected trend for today: bullish

Google's stock started moving within a lateral path after exiting the bullish channel that was moving within it. The stock started the sideways movement between the support level 1376.88 and the resistance level 1470.58.

The stock is moving above the moving averages, especially average 20 and medium 7, which are the first levels of price support.

The stochastic oscillator is moving upwards so we could see a price attempt to test the 1470.58 resistance.

The general path of the lateral movement tends to climb

The dollar versus the yen shows sideways and narrow range trading since yesterday, stable below 107.00, noting that the stochastic indicator is gradually losing its positive momentum, while SMA 50 continues to press negatively on the price.

Consequently, these factors support the expectations of the continuation of the downside movement during the upcoming sessions, with a reminder that our first target is at 106.44, whose breach represents the key to the rally towards 105.20 as a next station, while the expected decline will remain effective, provided the stability is below 107.68.

The expected trading range for today is between 106.00 support and 107.50 resistance

Expected trend for today: bearish

The support level 202.70 holds back sellers. Shares are trading  in the range of 365 and 150 of moving averages directed upwards. A descending truncated pattern of the H1 level has formed, bullish divergence is being formed on Awesome Oscillator. 

The  #SBER rate online: monitor the movement of a share price in real time.

Trading recommendations: 

Buy while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of a descending truncated pattern of H1 level. 

Stop loss is under the local minimum of the H1 pattern (202.70).

Target levels: 221.00; 229.00. 

The intermediary circular level at 1.0650 actively holds back sellers. A descending truncated pattern of the H4 level has formed. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversoldness. 

The EURCHF rate online: monitor the movement of the pair in real time.

Trading recommendations: 

Buy while an ascending wave pattern is forming, where the wave (A) breaks through an inclined channel of the descending truncated pattern of the H4 level. 

Stop loss: under the intermediary circular level 1.0650.

Target levels: 1.0768; 1.0890

USDCAD

The pair is consolidating in the range of  1.3500-1.3685 due to the ambiguous dynamics of crude oil prices and contained demand for risky assets. Local oil prices turnaround upward as well as increasing investors’ interest in buying shares will support the pair. 

Technical side: 

The price is above the middle Bollinger band, under SMA 50, but higher SMA 14. RSI is above 50% and moves horizontally. Stoch indicators are in the range of oversoldness and are not informative. 

Trading recommendations: 

Expect limited growth of the pair to 1.3685.

The Australian dollar fell during the Asian session to witness its bounce for the fourth session in seven sessions from the top since July 19, 2019, when it tested the highest since April 23, 2019 against the US dollar after the developments and economic data that were followed by the Australian economy on the cusp of Economic developments and data expected today, Thursday, by the US economy, the largest economy in the world.
 
At exactly 02:57 AM GMT, the Australian dollar versus the US dollar fell 0.42% to 0.6855 levels compared to the opening levels at 0.6884, after the pair achieved its lowest level during the trading session at 0.6838, while the pair achieved its highest at 0.6897.
 
We have followed the Australian economy on the disclosure of labor market data with the release of the unemployment rate reading, which showed an increase to 7.1% compared to 6.4% in April, worse than the expectations that indicated its rise to 6.9%, in conjunction with the reading of the change in employment showed a decrease of 227.7 thousand Against the decline of 607.4 thousand, also worse than expectations, which indicated a decline of 105.0 thousand, and also came in conjunction with the Reserve Bank of Australia revealed its quarterly bulletin.
 
On the other hand, investors are currently awaiting by the US economy the release of the index of subsidy requests for the week ending June 12, which may reflect a decline of 342 thousand requests to 1,300 thousand requests compared to 1,542 thousand requests in the previous reading, as may appear reading reading requests for relief Continuing for the week that ended on the fifth of this month, down by 1,129 thousand requests to 19,800 thousand requests, compared to 20,929 thousand requests.
 
This comes in conjunction with the disclosure by the largest industrialized country in the world of industrial sector data with the release of the Philadelphia Industrial Index reading, which may reflect the contraction in contraction to 23.0 compared to 43.1 last May, and before we also witnessed by the American economy the reading of indicators The leader, which may reflect a rise of 2.4%, compared to a decline of 4.4% last March.
 
To the talk of the President of the Cleveland Bank and the Federal Open Market Committee member Loretta Mester about the response of the Federal Reserve to the Corona pandemic in an event hosted by the World Takaful Center, and this comes hours after the activities of the semi-annual certification of the Governor of the Federal Reserve Jerome Powell about the monetary policy in front of Congress American.
 
We would like to point out, because Powell Naughty testified before the Congress that there is a state of uncertainty about the timing and strength of the potential economic recovery and that the current downturn may lead to widening inequality within America in the event that the matter is not contained, while touching that "until the confidence is restored that the Corona pandemic is under control." , A full recovery will not be possible "and that" the downward curve continues and with it the possibility of jobs falling under the risk of final loss and business closure "
 
Powell said earlier this week that it is unlikely that we will fully recover the largest economy in the world before restoring economic confidence, with his consideration of the fact that the epidemic has a greater impact on people with low incomes, while addressing the fact that the difference in high unemployment is now in 2008, that At that time, there were no jobs, while the current situation is the result of business closings and that with its return people return to their jobs.
 
Powell stressed that the Federal Reserve is ready to provide more stimulus if the need arises and that the Federal Open Market Committee will do everything in its power to support the American economy, and that he touched on the fact that the Federal Reserve works to ensure the effectiveness of protection and safety systems before working to issue a digital dollar , Adding that if it turns out that the digital currency will be beneficial to the American economy, then the Federal Reserve will work to issue it.

Technical analysis

  
The Australian dollar versus the US dollar is making new attempts to break the support of the bullish channel, but we rely on the stability of the daily closing above this support, which is now rising to 0.6885 to continue to favor the bullish trend for the next period, and the price needs to rise above this level to confirm the resumption of positive trades and head towards our first goal which It is at 0.7000.
 
On the other hand, it should be noted that stabilizing below 0.6885 will press the price to start a descending correction on the intraday basis.
 
The expected trading range for today is between 0.6800 support and 0.6950 resistance
 
Expected trend for today: bullish
 

The single currency fluctuated the euro in a narrow range slashing up during the Asian session to witness its bounce to the second session from the lowest since June 4 against the US dollar on the threshold of developments and economic data expected Thursday by the economies of the euro area and the US economy the largest economy in the world.
 
At 05:34 am GMT, the euro pair rose against the US dollar by 0.08% to 1.1253 levels, compared to the opening levels at 1.1244, after the pair achieved its highest level during the trading session at 1.1261, while achieving the lowest at 1.1225.
 
This is anticipated by the markets of Italy, the third largest economy in the euro area, the release of the trade balance reading, which may reflect the contraction of the surplus to what amounted to 4.88 billion euros against 5.69 billion euros in the previous reading last March, and this comes in conjunction with the European Central Bank's disclosure of its monthly publication It was first released in February of 2015.
 
On the other hand, investors are currently awaiting by the US economy the release of the index of subsidy requests for the week ending June 12, which may reflect a decline of 342 thousand requests to 1,300 thousand requests compared to 1,542 thousand requests in the previous reading, as may appear reading reading requests for relief Continuing for the week that ended on the fifth of this month, down by 1,129 thousand requests to 19,800 thousand requests, compared to 20,929 thousand requests.
 
This comes in conjunction with the disclosure by the largest industrialized country in the world of industrial sector data with the release of the Philadelphia Industrial Index reading, which may reflect the contraction in contraction to 23.0 compared to 43.1 last May, and before we also witnessed by the American economy the reading of indicators The leader, which may reflect a rise of 2.4%, compared to a decline of 4.4% last March.
 
To the talk of the President of the Cleveland Bank and the Federal Open Market Committee member Loretta Mester about the response of the Federal Reserve to the Corona pandemic in an event hosted by the World Takaful Center, and this comes hours after the activities of the semi-annual certification of the Governor of the Federal Reserve Jerome Powell about the monetary policy in front of Congress American.
 
We would like to point out, because Powell Naughty testified before the Congress that there is a state of uncertainty about the timing and strength of the potential economic recovery and that the current downturn may lead to widening inequality within America in the event that the matter is not contained, while touching that "until the confidence is restored that the Corona pandemic is under control." , A full recovery will not be possible "and that" the downward curve continues and with it the possibility of jobs falling under the risk of final loss and business closure "
 
Powell said earlier this week that it is unlikely that we will fully recover the largest economy in the world before restoring economic confidence, with his consideration of the fact that the epidemic has a greater impact on people with low incomes, while addressing the fact that the difference in high unemployment is now in 2008, that At that time, there were no jobs, while the current situation is the result of business closings and that with its return people return to their jobs.
 
Powell stressed that the Federal Reserve is ready to provide more stimulus if the need arises and that the Federal Open Market Committee will do everything in its power to support the American economy, and that he touched on the fact that the Federal Reserve works to ensure the effectiveness of protection and safety systems before working to issue a digital dollar , Adding that if it turns out that the digital currency will be beneficial to the American economy, then the Federal Reserve will work to issue it.

Technical analysis

  
The euro against the dollar pair opens today's trading with a slight upward slope after yesterday's decline, heading towards a possible test of 1.1270 pivotal resistance, noting that SMA 50 meets this resistance to add more strength to it.
 
Consequently, the downside scenario will remain probable during the upcoming sessions, as the price remains below 1.1270, as its breach will lead the price to try to restore the main bullish trend and head towards 1.1420 initially, while our next negative target is at 1.1175.
 
The expected trading range for today is between 1.1150 support and 1.1320 resistance
 
Expected trend for today: bearish
 

Gold prices fluctuated in a narrow range tilted to the upside during the Asian session amid the negative stability of the dollar index, according to the inverse relationship between them, on the cusp of developments and economic data expected Thursday by the American economy, the largest economy in the world, and in light of investors' pricing of the possibility of a second wave of Corona virus and experimental results. Positive of the drug "Dexamethasone", which helps severe cases of people with HIV.
 
At exactly 04:51 AM GMT, gold futures contracts for next August delivery rose 0.03% to trade at $ 1,736.00 per ounce compared to the opening at $ 1,735.50 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded trading Yesterday at $ 1,735.60 an ounce, with the US dollar index down 0.04% to 97.03 compared to the opening at 97.08.
 
Markets are currently awaiting by the US economy the release of the index of aid requests for the past week on June 12, which may reflect a decline of 342 thousand requests to 1,300 thousand applications compared to 1,542 thousand requests in the previous reading, as may appear reading the ongoing benefit requests last week On the fifth of this month, it decreased by 1,129 thousand requests to 19,800 thousand requests compared to 20,929 thousand requests.
 
This comes in conjunction with the disclosure by the largest industrialized country in the world of industrial sector data with the release of the Philadelphia Industrial Index reading, which may reflect the contraction in contraction to 23.0 compared to 43.1 last May, and before we also witnessed by the American economy the reading of indicators The leader, which may reflect a rise of 2.4%, compared to a decline of 4.4% last March.
To the talk of the President of the Cleveland Bank and the Federal Open Market Committee member Loretta Mester about the response of the Federal Reserve to the Corona pandemic in an event hosted by the World Takaful Center, and this comes hours after the activities of the semi-annual certification of the Governor of the Federal Reserve Jerome Powell about the monetary policy in front of Congress American.
We would like to point out, because Powell Naughty testified before the Congress that there is a state of uncertainty about the timing and strength of the potential economic recovery and that the current downturn may lead to widening inequality within America in the event that the matter is not contained, while touching that "until the confidence is restored that the Corona pandemic is under control." , A full recovery will not be possible "and that" the downward curve continues and with it the possibility of jobs falling under the risk of final loss and business closure "
Powell said earlier this week that it is unlikely that we will fully recover the largest economy in the world before restoring economic confidence, with his consideration of the fact that the epidemic has a greater impact on people with low incomes, while addressing the fact that the difference in high unemployment is now in 2008, that At that time, there were no jobs, while the current situation is the result of business closings and that with its return people return to their jobs.
Powell stressed that the Federal Reserve is ready to provide more stimulus if the need arises and that the Federal Open Market Committee will do everything in its power to support the American economy, and that he touched on the fact that the Federal Reserve works to ensure the effectiveness of protection and safety systems before working to issue a digital dollar , Adding that if it turns out that the digital currency will be beneficial to the American economy, then the Federal Reserve will work to issue it.
 
Technical analysis

  
The price of gold is due to fluctuation around the resistance line that appears on the chart, and it is moving above SMA 50 to get positive support that strengthens expectations for the continuation of the expected bullish direction for the coming period, which aims to visit the level of 1765.00 as a first positive station.
 
Thus, the positive scenario will remain active for today, noting that breaching the target level will extend the upside wave to reach 1810.00, while a break of 1721.00 represents a negative factor that will press the price for a temporary decline towards the areas of 1691.90 before any new attempt to rise.
 
The expected trading range for today is between 1710.00 support and 1760.00 resistance
 
Expected trend for today: bullish