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The single currency, the euro, fell during the Asian session to witness its bounce back for the third session from the top since March 17, to prepare for its third monthly losses in a row and quarterly losses against the US dollar on the cusp of developments and economic data expected today Tuesday by the economies of the euro area and the American economy the largest economy In the world.

At 05:14 am GMT, the euro against the US dollar fell by 0.32% to 1.1013 levels compared to the opening levels at 1.1048 after the pair achieved its lowest level during the trading session at 1.0984, while achieving the highest at 1.1053.

Investors are looking to the largest euro zone economies, Germany, for the release of the import price index, which may reflect a contraction of the decline to 0.3% compared to 0.4% in January, while the annual reading of the same indicator may show a widening decline to 1.5% compared to 0.9%, and that Before we witnessed by France, the second largest economy in the region, the release of consumer spending, which may reflect a decline in the decline to 0.7% compared to 1.1% in February.

Markets are also awaiting by France the disclosure of inflation data with the release of the initial reading of the consumer price index, which may reflect a 0.4% contraction against stability at zero levels in February, until the release of the change in unemployment reading for Germany, which may reflect a rise of about 23 thousand against It fell by 10K in February.

This comes before we witness from Italy, the third largest economy in the euro area, the issuance of the initial reading of the consumer price index, which may show 0.1% growth versus a 0.1% contraction in February, and in conjunction with the release of the initial annual reading of the same index for the economies of the region as a whole, which may reflect slowing growth to 0.8% vs. 1.2% in February, as the preliminary annual core reading of the index may show, the growth slowed to 1.1% vs. 1.2%.

On the other hand, investors are currently waiting for the US economy to disclose housing market data with the release of the house price index, which may show a slowdown in growth to 0.40% compared to 0.43% last December, and the annual reading of the S&P House Price Index showed an acceleration Growth to 3.29% versus 2.85% in the previous annual reading for December.

This comes before we witnessed by the largest industrialized country in the world, the disclosure of industrial sector data with the release of the Chicago PMI reading, which may reflect the widening of the contraction to 44.1 compared to 49.0 in February, up to the disclosure of the consumer confidence index reading that may appear Breadth shrank to 115.1 from 130.7 in the previous reading in February.

It is noteworthy that US President Donald Trump recently signed a stimulus package estimated at $ 2 trillion to support the largest economy in the world and American families and companies in facing the repercussions of the Corona virus, after the package was passed by the US Congress last week, and Trump approved last Sunday the extension Guidelines for social restrictions in the United States until next April 30.

Technical analysis

The euro against the dollar hovering around the support of the bullish intraday channel, and maintains its stability above the level of 1.0966, noting that the stochastic is providing a positive crossover now, which constitutes a positive incentive that we expect to contribute to pushing the price to resume the bullish trend, whose goals begin to exceed the 1.1067 level to confirm the rally Toward 1.1170 as a next positive stop.

Therefore, we will continue to favor the bullish trend for the upcoming period supported by the EMA50, noting that breaching 1.0966 will stop the suggested rise and press the price to return to the main bearish path again.

The expected trading range for today is between 1.0960 support and 1.1170 resistance.

Expected trend for today: bullish.

The Australian dollar versus the US dollar tested the 0.6097 level with the opening of the day and bounced up from there, on its way to visit the 0.6236 level which represents our first positive goal, with a reminder that breaching this level will push the price to 0.6407 as the next stop.

Thus, the bullish trend will remain effective for the coming period supported by the moving average 50, organized by the bullish channel that appears in the picture, with a reminder that the continuation of the bullish wave requires stability above 0.6097 and the most important above 0.5958.

The expected trading range for today is between 0.6100 support and 0.6260 resistance.

Expected trend for today: bullish.

The single currency fell in the euro during the Asian session to witness its rebound to the second session from the top since March 17 against the US dollar on the threshold of developments and economic data expected on Monday by the economies of the euro area and the US economy the largest economy in the world and in the wake of US President Donald Trump extended social restrictions in the United States.

At exactly 04:57 am GMT, the euro against the US dollar fell 0.45% to 1.1082 levels compared to the opening levels at 1.1132 after the pair achieved its lowest level during the trading session at 1.1069, while it achieved the highest at 1.1163, knowing that the pair The trading session started on a falling price gap after it concluded the trading last week at 1.1141 levels.

The markets are looking to the largest euro zone economies, Germany, to disclose inflation data with the release of the first reading of the consumer price index, which may reflect stability at zero levels against 0.4% growth last February, before we witnessed by Spain, the fourth largest economy in the region. Also, the annual reading of the same index, which may reflect slowing growth to 0.6% compared to 0.7% last January.

On the other hand, we have followed a short time ago that US President Donald Trump extended the guidelines for social restrictions in his country until next April 30, as he mentioned that the peak number of deaths due to respiratory diseases may be two weeks away, and it is reported that Trump has already spoken The reopening of the American economy by Easter, but the recent spread of the coronavirus in America has pushed it to extend social restrictions.

Otherwise, investors are currently looking to the housing market for data from the US economy with the release of existing home sales, which may show a 1.8% decline compared to a 5.2% rise in January. It is reported that the US House voted unanimously last Friday in favor of passing the stimulus package Which is estimated at $ 2 trillion to support the largest economy in the world and American families and companies in facing the repercussions of the Corona virus.

We would like to note that the Director-General of the World Health Organization, Tidros Adhanum Gebresus, noted last Wednesday the importance of taking precautionary measures such as preventing gatherings, traveling and tracking and monitoring infected cases, in addition to protecting medical and health personnel, especially in poor countries where the virus is easy to spread, and according to the latest figures issued by the organization The number of HIV-positive cases has increased to more than 638,000, and 30,105 people have died in 202 countries.

Technical analysis

The EURUSD pair confirmed the breach of the 1.1067 level and rushed to approach our awaited target at 1.1170, and some bearish bias appears after touching the resistance of the bullish intraday channel that appears in the image, and it may test the support floor formed above 1.1067 after breaching it beforehand before resuming the bullish bias.

SMA 50 continues to support the price from below, to suggest the continuation of the bullish trend during the upcoming sessions, noting that a break of 1.1170 will push the price to 1.1295 as the next positive stop, taking into account that a break of 1.0966 will stop the positive scenario and press the price to return to the main bearish path from new.

The expected trading range for today is between 1.1000 support and 1.1200 resistance

Expected trend for today: bullish

The Australian dollar fell during the Asian session to witness its bounce for the second session from its highest since March 16 against the US dollar amid the scarcity of economic data by the Australian economy at the beginning of this week and in the wake of US President Donald Trump extending social restrictions in America until the end of next month due to Corona virus is on the cusp of developments and economic data expected on Monday by the US economy.

At exactly 02:14 AM GMT, the Australian dollar pair declined against the US dollar by 0.39% to 0.6138 levels compared to the opening levels at 0.6162, after the pair achieved its lowest level during the trading session at 0.6114, while achieving the highest at 0.6193, knowing The pair started the trading session on a falling price gap after it concluded the trading last week at 0.6168 levels.

Yesterday, we followed up, Australian Prime Minister Scott Morrison expressed that the gatherings should not exceed two and that Australians should not go out except for necessity, while also warning of the exit of those over the age of 70 years, saying that "they should isolate themselves for fear of contracting the emerging virus", with She told him that the rate of spread of the virus has decreased in his country, but that "the rates of increase are still strong, no doubt about that." This came hours after he indicated last Friday that his government was preparing for a third batch of economic support.

On the other hand, we also followed a short while ago that US President Donald Trump extended the guidelines for social restrictions in the United States until next April 30, as he mentioned that the peak number of deaths due to respiratory diseases may be two weeks away, and it is reported that Trump may He had previously spoken of reopening the US economy by Easter, but the recent widespread expansion of the coronavirus in America prompted him to extend social restrictions.

Otherwise, investors are currently watching the US economy by revealing housing market data with the release of existing home sales, which may show a 1.8% decline compared to a 5.2% increase in January. It is reported that the US House of Representatives voted last Friday unanimously in favor of passing a package A stimulus of $ 2 trillion to support the largest economy in the world and American families and companies in the face of the consequences of the Corona virus.

We would like to note that the Director-General of the World Health Organization, Tidros Adhanum Gebresus, noted last Wednesday the importance of taking precautionary measures such as preventing gatherings, traveling and tracking and monitoring infected cases, in addition to protecting medical and health personnel, especially in poor countries where the virus is easy to spread, and according to the latest figures issued by the organization The number of HIV-positive cases has increased to more than 638,000, and 30,105 people have died in 202 countries.

Technical analysis

The Australian dollar versus the US dollar continued its positive trading to breach 0.6097 and settle above it, while today begins with a slight decrease to approach the testing ground that formed at the mentioned level, awaiting the resumption of the bullish tendency to visit the 0.6236 level which represents our next positive target.

Thus, we will continue to favor the bullish trend for the upcoming period, regularly within the bullish channel that appears in the picture, noting that the continuation of the bullish wave requires stability above 0.6097 and the most important above 0.5958.

The expected trading range for today is between 0.6060 support and 0.6236 resistance

Expected trend for today: bullish

Gold price futures fell during the Asian session to witness its bounce back for the third session in four sessions from the top since March 9, when it tested the highest for it since December 18, 2012 amid the US dollar index rebound for the second session from the lowest since 17 of March, according to the inverse relationship between them after US President Donald Trump extended social restrictions in America until the end of next month due to the Corona virus and on the cusp of developments and economic data expected today Monday by the US economy.

At exactly 03:18 AM GMT, the gold futures contracts for June delivery decreased 0.81% to trade at $ 1,650.00 per ounce compared to the opening at $ 1,663.40 per ounce, knowing that the contracts started the session’s trading on an upward price gap after the week’s transactions were concluded The past at $ 1,654.10 an ounce, with the US dollar index rising 0.21% to 98.66 compared to the opening at 98.45.

We have followed a short while ago that US President Donald Trump extended the guidelines for social restrictions in his country until next April 30, as he mentioned that the peak number of deaths due to respiratory diseases may be two weeks away, which strengthened investor anxiety in the global financial markets. The repercussions of the outbreak of the Coruna virus, especially with uncertainty as to how long the world will remain closed due to the spread of the coronavirus.

It is reported that Trump had previously expressed his hope to reopen the American economy by Easter, but the recent widespread expansion of the coronavirus in America prompted him to extend social restrictions on Sunday, which renewed concerns about the feasibility of monetary and global stimulus amid not knowing how long the world will remain COVID-19 mortgage, or media known as corona virus.

This came hours after the British authorities warned that the country's quarantine may last for months and that France extended the quarantine for at least two additional weeks until mid-April. In another context, the International Monetary Fund Director Kristalina Georgieva stated last Friday that the economy The world appears to be entering an economic downturn after the outbreak of the Corona virus and its negative impact on global growth.

In another context, we followed last Thursday, Federal Reserve Governor Jerome Powell expressed the fact that the Federal Reserve still has enough space to take further measures, noting that every dollar support from the Treasury can provide $ 10 of federal loans, adding that The Federal Reserve is ready to provide sufficient liquidity, while stating that the current crisis is not like the usual recession.

Powell also noted at the time that when the Corona virus is controlled, confidence will return to the markets, and then we may witness a good recovery, while stating that the American economy may go through a recession and that the priority is to put the virus under control, explaining that if Corona is controlled, the economy will return to recovery, adding that no There is an error fundamentally in the economy, while expressing its expectations for the economy to recover during the second half, depending on the extent of limiting the spread of the virus.

We would like to note that the Director-General of the World Health Organization, Tidros Adhanum Gebresus, noted last Wednesday the importance of taking precautionary measures such as preventing gatherings, traveling and tracking and monitoring infected cases, in addition to protecting medical and health personnel, especially in poor countries where the virus is easy to spread, and according to the latest figures issued by the organization The number of HIV-positive cases has increased to more than 638,000, and 30,105 people have died in 202 countries.

Otherwise, investors are currently watching the US economy by revealing housing market data with the release of existing home sales, which may show a 1.8% decline compared to a 5.2% increase in January. It is reported that the US House of Representatives voted last Friday unanimously in favor of passing a package A stimulus of $ 2 trillion to support the world's largest economy and American families and companies in the face of the aftermath of the deadly virus.

Technical analysis

The price of gold fluctuates in a lateral path recently and is still below 1633.60, noting that the stochastic has cleared its negative momentum to reach the oversold areas in the sale, waiting for the price to be stimulated to resume positive trades and penetrate the aforementioned level to confirm opening the way to achieving our next target that reaches 1689.30.

Therefore, we will maintain our bullish expectations for the upcoming period supported by the EMA50 that carries the price from below, noting that the expected continuation of the rise requires stability above 1599.10.

The expected trading range for today is between 1600.00 support and 1650.00 resistance

Expected trend for today: bullish

The US dollar fluctuated in a narrow range slanting toward decline, to witness its bounce for the fifth session from the top since February 21 against the Japanese yen, amid the scarcity of economic data by the Japanese economy at the beginning of this week, and following the extension of US President Donald Trump's social restrictions in America until the end of Next month due to the Corona virus and on the cusp of developments and economic data expected on Monday by the US economy.

At exactly 06:00 am GMT, the US dollar pair fell against the Japanese yen by 0.21% to 107.72 levels compared to the opening levels at 107.95, after the pair achieved its lowest level since March 18 at 107.12, while it achieved its highest during trading The session at 108.01, knowing that the pair started the trading session on an upward price gap after it concluded the trading last week at 107.94 levels.

We have followed a short while ago that US President Donald Trump extended the guidelines for social restrictions in his country until next April 30, as he mentioned that the peak number of deaths due to respiratory diseases may be two weeks away, which strengthened investor anxiety in the global financial markets. The repercussions of the outbreak of the Coruna virus, especially with uncertainty as to how long the world will remain closed due to the spread of the coronavirus.

It is reported that Trump had previously expressed his hope to reopen the American economy by Easter, but the recent widespread expansion of the coronavirus in America prompted him to extend social restrictions on Sunday, which renewed concerns about the feasibility of monetary and global stimulus amid not knowing how long the world will remain COVID-19 mortgage, or media known as corona virus.

Otherwise, investors are currently watching the US economy by revealing housing market data with the release of existing home sales, which may show a 1.8% decline compared to a 5.2% increase in January. It is reported that the US House of Representatives voted last Friday unanimously in favor of passing a package A stimulus of $ 2 trillion to support the world's largest economy and American families and companies in the face of the aftermath of the deadly virus.

We would like to note that the Director-General of the World Health Organization, Tidros Adhanum Gebresus, noted last Wednesday the importance of taking precautionary measures such as preventing gatherings, traveling and tracking and monitoring infected cases, in addition to protecting medical and health personnel, especially in poor countries where the virus is easy to spread, and according to the latest figures issued by the organization The number of HIV-positive cases has increased to more than 638,000, and 30,105 people have died in 202 countries.

Technical analysis

The dollar versus the yen succeeded in achieving our second expected goal at 107.68, and today opens with further decline to break this level and settle below it, which supports the expectations of the descending wave extending over the intraday and short term, pending the visit of the 106.44 level, which represents the next negative station.

Therefore, we will continue to favor the bearish trend, supported by moving below SMA 50, taking into consideration that breaching 107.68 will push the price to try to compensate for the recent losses and visit 109.20 areas initially.

The expected trading range for today is between 106.44 support and 108.30 resistance

Expected trend for today: bearish

AUDUSD 

The overall trend is downward. Stochastic Oscillator signals overboughtness. The assumed D2 level wave B (H4 level pattern) has to be completed with a breakout of the inclined channel in order for the downtrend to continue.

Trading recommendations:

Sell while a descending pattern is forming, where the wave (as) breaks through the inclined channel of the ascending pattern of the H4 level. 

Stop Loss: 0.6200.

Target levels: 0.5867; 0.5720; 0.5520.

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

#FACEBOOK

The overall trend is downward. The 164.0 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A breakout of 154.50 will result in the formation of a 1-2-3 descending pattern within the overall downtrend. 

Trading recommendations:

Sell below 154.50.

Stop Loss: 64.00.

Target levels: 144.50; 137.30. 

The #FACEBOOK rate online: monitor the movement of the shares in real time.

USDJPY

The observed local rebound in the European stock markets and the high likelihood that the same will happen in the US are supporting the pair. Due to the high volatility and large-scale stimulus measures by the Fed and the US Treasury Department, the demand for risk assets will gradually increase. The pair may be supported today because of this.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and reverses up. Stoch are coming out of the oversold zone.

Trading recommendations:
Buy the pair after it consolidates above 108.00 with a likely growth to 109.60.
The USDJPY rate online: monitor the movement of the pair in real time.USDJPY rate online: monitor the movement of the pair in real time.

EURUSD

The pair is trading higher amid the growing demand for risk assets, as well as the massive support measures (QE) from the Fed and the US Treasury. But today the pair may correct downwards due to the correction in the stock markets and then continue the upward trend.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is turning down. Stoch are coming out of the overbought zone.

Trading recommendations:

The pair may correct to 1.0985 or even lower to 1.0915. Buy from these levels with a local target of 1.1200.

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