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The euro currency fluctuated in a narrow range slanting towards a decline during the Asian session to witness the lowest since April 24 of 2017 against the US dollar on the threshold of developments and economic data expected today by the euro area and the US economy, which includes the speech of a member of the Federal Market Committee Open and the President of the Minneapolis Federal Reserve on the proposal to amend education in Minnesota at the Minnesota Professional Affairs Council in St. Paul.

At exactly 05:09 AM GMT, the euro against the US dollar fell 0.05% to 1.0831 levels compared to the opening levels at 1.0836, after the pair achieved its lowest level in three years at 1.0823, while achieving the highest during the trading session at 1.0838.

The markets are looking to reveal a statistical reading of the ZEW economic sentiment index for Germany, the largest economies in the eurozone and eurozone economies as a whole, which may reflect the shrinking widening in Germany and the region as a whole to the value of 20.0 and 21.3 compared to 26.7 and 25.6, respectively, last January. And this comes in conjunction with the activities of the finance ministers of the euro area Ecovin in Brussels.

This comes after hours of Eurogroup meetings and the report that touched on the fact that the finance ministers of the eurozone member states in addition to the Commissioner for Economic and Monetary Affairs discussed a document calling for more financial stimulus measures, and some officials noted, according to Reuters news agency yesterday that it is expected to sleep Adoption of the document that could lead to Germany's move to increase government spending on Tuesday in Brussels.

On the other hand, investors are currently looking to the US economy for the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect a widening of 5.1 versus 4.8 in January, and this comes before we witness the disclosure of housing market data with The housing index reading was released by the National Association of Home Builders, which may reflect stability at $ 75 in January.

Technical analysis

The euro against the dollar pair shows quiet negative trading, gradually moving away from the 1.0860 level, reinforcing the expectations of the continuation of the downside movement during the coming period, which targets the 1.0760 level as a next station.

SMA 50 continues to support the suggested descending wave, whose targets extend to reach 1.0680 after crossing the previous level, noting the importance of holding below 1.0860 for the continuation of the expected decline.

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness the highest since February 3, when it experienced the highest since January 8, which is the highest in seven years amid the decline in the dollar index, indicating its rebound from the top It has since October 8, according to the inverse relationship between them, on the cusp of developments and economic data expected today by the US economy, the largest economy in the world, and in the shadow of concern over the spread of the Corona virus.

At exactly 04:02 AM GMT, gold price futures for April delivery rose 0.21% to trade at $ 1,589.70 per ounce compared to the opening at $ 1,585.10 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded yesterday's trading At $ 1,586.40 an ounce, with the US dollar index down 0.02% to 99.17 compared to the opening at 99.19.

Investors are currently awaiting the release of the industrial sector data by the US economy, with the release of the New York Industrial Index reading, which may reflect an expansion to what amounted to 5.1 compared to 4.8 in January, and this comes before we witness the disclosure of housing market data with the release of the index reading Housing by the National Association of Home Builders, which may reflect stability at $ 75 in January.

To the talk of a member of the Federal Open Market Committee and the President of the Federal Reserve Bank of Minneapolis about the proposal to amend education in Minnesota at the Indian Affairs Council in Minnesota in St. Paul, and this comes hours before the disclosure tomorrow, Wednesday, of the minutes of the Federal Committee meeting held on January 28-29 / January, during which monetary policy makers decided to keep interest rates at between 1.50% and 1.75% for the third meeting at that time.

On the other hand, we followed last Sunday, and Chinese Finance Minister Liu Kun expressed his expectation that his country's fiscal revenues will decrease and expenditures will rise in the future, which strengthened speculation that Beijing will adopt more financial incentives as part of efforts to contain the repercussions of the spread of the Corona virus, which has infected more. Of seventy thousand people and killed more than one thousand seven hundred others globally.

In the same context, China also revealed during the last weekend of plans to reduce corporate taxes and fees in addition to allowing banks to operate more non-performing loans, before we witnessed yesterday, Monday, the People's Bank of China (the Chinese Central Bank) to cut interest medium-term loans by ten A basis point to 3.15% from 3.25%, and this came amid expectations the Chinese central bank will intensify liquidity easing measures and financing conditions.

Technical analysis

The price of gold ended last week's trading above the level of 1575.90, confirming the breach of this level and opening the way for heading towards a visit to the previously recorded summit at 1611.20 as the next positive station.

Thus, the bullish trend scenario will remain effective for the upcoming period supported by the EMA50, noting that breaking 1575.90 and holding below it may pressure the price to visit 1554.10 areas again before any new attempt to rise.

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

Expected trend for today: bullish.

Google's stock continues the bullish path. After the stock was able to settle above the upper limit of the ascending channel that was trading within it, then the bullish path of the stock will continue.

The movement continues above the 7-20-50 MAs that move in an ascending order below the price. With SMA 20 at the upper bound of the ascending channel.

The stochastic oscillator is moving within the overbought zone on a sideways path, and this is reflected in the bullish price movement.

Expected trend for today: bullish.

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, as we witnessed its bounce for the third session in five sessions from its highest since January 21 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected on Tuesday by The American Economy, which includes a speech by a member of the Federal Open Market Committee and President of the Minneapolis Federal Reserve Bank on the proposal to amend education in Minnesota at the Indian Affairs Council in Minnesota in St. Paul.

At exactly 05:55 AM GMT, the US dollar pair fell against the Japanese yen by 0.11% to 109.76 levels compared to the opening levels at 109.88, after the pair achieved its lowest level during the trading session at 109.66, while achieving the highest at 109.89.

We have followed this weekend, Bank of Japan Governor Haruhiko Kuroda expressed that the outbreak of the Corona virus will be one of the biggest challenges facing his country's economy, which would increase uncertainty, with his assertion yesterday that the Japanese central bank will not hesitate to adopt more stimulus if What is needed, and these statements came in the wake of the report that reported the first death from coronavirus and that there are more than 500 cases of HIV in Japan.

It is noteworthy that the Japanese Minister of Economy, Yashutoshi Nishimura, noted last Friday that he expected his country's economy to slow during the last quarter of 2019 and to be less than it was in the last third quarter, while postponing the matter until the Japanese government increased taxes in addition to the typhoon that struck Japan recently, and touched on Also at the time, the recent outbreak of Corona virus in China would harm Japan's economic growth during the first quarter of this year.

On the other hand, investors are currently looking to the US economy for the disclosure of industrial sector data with the release of the New York Industrial Index reading, which may reflect an expansion of 5.1 to 4.8 in January, and that comes before we witness the disclosure of housing market data with the release of The housing index is read by the National Association of Home Builders which may reflect stability at $ 75 in January.

Technical analysis

The dollar versus yen pair shows a slight bearish tendency to press the MA 50, as the price is affected by the stochastic negativity, but since the price is above 109.33, our bullish expectations will remain valid for the upcoming period, which targets 110.50 initially.

It should be noted that a break of 109.33 will press the price to turn down and visit the 108.40 level as a first negative target.

The expected trading range for today is between 109.30 support and 110.50 resistance.

Expected trend for today: bullish.

The general trend is upward. The 740.0 support level held back sellers. A bullish divergence has formed on Awesome Oscillator indicator. A breakout of the resistance level of 770.00 will result in the formation of an upward wave pattern within the framework of the general upward trend.

Trading recommendations:
Buy above 770.00.
Stop loss: 740.00.
Target levels: 797.00; 833.5.

The pair consolidates above 1.0825 in anticipation of ZEW data on economic sentiment and conditions for Germany and the eurozone. If the indicators are not higher than expected, especially for Germany, this will put pressure on the pair.
The price is below the middle line of the Bollinger band, at SMA 5 and below SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are below the 50% level and uninformative.

Trading recommendations:
Sell the pair after the price crosses 1.0825 with the probable targets of 1.0800 and 1.0785.

The overall trend is downward, as evident from 365 and 135 moving averages. The currency pair is trading in the range of the round important level 0.6300. A bearish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level of 0.6280 will result in the formation of a 1-2-3 descending pattern.

Trading recommendations:
Sell below 0.6280.
Stop loss: 0.6327.
Target levels: 0.6250; 0.6220.

The US dollar fluctuated in a narrow range that tilted higher during the Asian session against the Japanese yen, following the developments and economic data that it adopted earlier this week from the Japanese economy and amid the scarcity of economic data on Monday by the American economy due to the Presidents Day holiday in the United States.

At exactly 06:06 AM GMT, the US dollar pair rose against the Japanese yen by 0.05% to 109.84 levels compared to the opening levels at 109.77, after the pair achieved its highest level during the trading session at 109.88, while achieving the lowest at 109.72.

We have followed, on the Japanese economy, the disclosure of the seasonally adjusted preliminary reading of GDP, which showed a contraction of 1.6% compared to 0.4% growth in the third quarter, worse than the expectations that indicated a contraction of 1.0%, while the seasonally adjusted preliminary annual reading of the same index measured by prices showed an acceleration Growth to 1.3% vs. 0.6%, outperforming expectations at 1.1%.

In the same context, we have also followed by the third largest economy in the world and the third largest industrialized country globally after both the United States and China, the disclosure of industrial sector data with the release of the final reading of industrial production, which showed a rise of 1.2% compared to the previous initial reading for the month of December / December and expectations are at 1.3% and compared to a decline of 1.0% last November.

It is noteworthy that the Japanese Minister of Economy, Yashutoshi Nishimura, noted last Friday that he expected his country's economy to slow during the last quarter of 2019 and to be less than it was in the last third quarter, while postponing the matter until the Japanese government increased taxes in addition to the typhoon that struck Japan recently, and touched on Also at the time, the recent outbreak of Corona virus in China would harm Japan's economic growth during the first quarter of this year.

Technical analysis

The dollar versus the yen did not show any strong movement in the previous sessions, to continue fluctuating around the EMA50, and therefore, there is no change in the bullish trend scenario that depends on holding above 109.33, supported by the positive signal provided by the stochastic, while recalling that our next main target It is located at 110.50.

The expected trading range for today is between 109.30 support and 110.50 resistance.

Expected trend for today: bullish.

Sber Bank shares continue to decline and correct the bullish track as the price managed to breach the support level at the value 257.13 and reached the next level 249.07

The price remains above 250.00 level is a prerequisite for the continuation of the bullish price movement, while breaching this level will lead the price to decline and test the level of 242.75

The price action continues below the 7-20 moving averages that constitute resistance levels to the price while the moving average 50 remains below the price and constitutes a positive pressure factor for it.

The stochastic oscillator is heading towards the oversold zone and is moving within a bearish path near this area thus it is likely that the price will continue to drop to the support level 250.00.

The general direction of movement: neutral.

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its bounce for the second session from its highest since February 3, when it tested its highest since January 8, which is the highest in seven years amid the low dollar index The American made it clear that he had attended the second session from above, since October 8, according to the inverse relationship between them.

This follows economic developments and data that were announced by the Japanese economy, the second largest economy in Asia and the third largest in the world, and amid the scarcity of economic data today by the American economy due to the Presidents Day holiday in the United States and in the shadow of investors ’weight of the spread of the Corona virus in exchange for expectations to support monetary policy from Before the global central banks.

At exactly 04:04 AM GMT, gold price futures for April delivery decreased 0.13% to trade at $ 1,585.30 per ounce compared to the opening at $ 1,585.10 per ounce, knowing that the contracts started the trading session on a falling price gap after the week's trades ended The past at $ 1,586.80 an ounce, with the US dollar index down 0.01% to 99.11 compared to the opening at 99.12.

We have followed, on the Japanese economy, the disclosure of the seasonally adjusted preliminary reading of GDP, which showed a contraction of 1.6% compared to 0.4% growth in the third quarter, worse than the expectations that indicated a contraction of 1.0%, while the seasonally adjusted preliminary annual reading of the same index measured by prices showed an acceleration Growth to 1.3% vs. 0.6%, outperforming expectations at 1.1%.

Otherwise, investors are currently looking for by the third largest economy in the world and the third largest industrialized country globally after both the United States and China, the disclosure of industrial sector data with the release of the final reading of industrial production, which may reflect the stability of the expansion at 1.3% without any change from the initial reading Previous month in December, compared to a decline of 1.0% last November.

On the other hand, we followed on Sunday, Chinese Finance Minister Liu Kun expressed that he expects to reduce his country's financial revenues and increase expenditures in the future, which strengthened speculation that Beijing will adopt more financial incentives as part of efforts to contain the repercussions of the spread of the Corona virus, which has infected more than Seventy thousand people and killed more than one thousand seven hundred others worldwide.

In the same vein, China also revealed over the weekend plans to reduce corporate taxes and fees in addition to allowing banks to run more non-performing loans, just before we saw the People's Bank of China (the Chinese Central Bank) cut interest on so-called lending facilities The future average, and this came amid expectations that the Chinese central bank will intensify liquidity easing and financing conditions in Chinese financial markets.

We would like to point out that, according to Bloomberg Economist’s estimates, the Chinese economy, the largest in Asia and the second largest in the world, was operating between 40% to 50% only last week. It is reported that the Chinese province of Hubei today announced 2,000 new cases of coronavirus and 100 deaths. Additional case, knowing that another death was reported last weekend in both Taiwan and France.

Technical analysis

The price of gold ended last week's trading above the level of 1575.90, confirming the breach of this level and opening the way for heading towards a visit to the previously recorded summit at 1611.20 as the next positive station.

Thus, the bullish trend scenario will remain effective for the upcoming period supported by the EMA50, noting that breaking 1575.90 and holding below it may pressure the price to visit 1554.10 areas again before any new attempt to rise.

The expected trading range for today is between 1570.00 support and 1600.00 resistance.