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The round important level of 0.6600 has once again shown its strength on the price chart. The overall trend remains upward. A descending truncated pattern of the H8 level was formed. Awesome Oscillator generates a bullish divergence, while Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming, above the round secondary level of 0.6620.

Stop loss under the round important level of 0.6600.

Target levels - 0.6650; 0.6720; 0.6750.

The Australian dollar versus the US dollar trades around the 0.6900 level, and gets a positive crossover signal through the stochastic, waiting for the price to stimulate the resumption of the expected bullish direction over the intraday basis, which mainly aims to test the 0.7015 level.

It should be noted that the expected continuation of the rise requires stability above 0.6875.

The expected trading range for today is between 0.6870 support and 0.6970 resistance.

The single currency fluctuated the euro in a narrow range tilted to the upside during the Asian session to witness its bounce for the third consecutive session from the top since last December 26 against the US dollar amid the scarcity of economic data by the euro zone economies and on the cusp of developments and economic data expected today Tuesday By the American economy the largest economy in the world.

At exactly 05:55 AM GMT, the pair rose the euro against the US dollar by 0.03% to 1.1137 levels compared to the opening levels at 1.1134, after the pair achieved its highest level during the trading session at 1.1142, while achieving the lowest at 1.1131.

Investors are currently looking for the US economy to disclose inflation data with the release of the consumer price index, which may reflect a slowdown in growth to 0.2% compared to 0.3% last November, while a substantial reading of the same indicator may show stability in growth of 0.2%, while The annual reading of the index may indicate the acceleration of growth to 2.4% compared to 2.1%, and the substantial annual reading of the index may reflect the stability of growth at 2.3%.

This comes before the speech of the Federal Open Market Committee member and President of the New York Federal Reserve John Williams about the culture of financial services in a workshop hosted by the London School of Economics, and it is expected that tomorrow, Wednesday, the PPI reading, which is an indicative indicator of inflation, will be issued before members Others on the Federal Committee are Philadelphia Fed President Patrick Harker and Dallas Federal Reserve Chairman Robert Kaplan.

Tomorrow's Big Book report is also scheduled to be revealed tomorrow, whose importance is that it is issued two weeks before the FOMC meeting, which is one of the pillars upon which the Federal Reserve monetary policy makers build their decisions and orientations to support and stimulate the American economy, knowing that The next meeting of the Federal Open Market Committee will be held in Washington on January 28/29.

Technical analysis

The euro against the dollar continues to fluctuate at the broken support of the bullish channel that appears in the image, and the price maintains its stability without this resistance, which is at 1.1140, to keep the bearish trend scenario valid for the next period, supported by the negative pressure formed by the moving average 50, waiting for the trend towards 1.1060 which represents Our main goal.

On the other hand, it should be noted that breaching 1.1140 then 1.1180 levels will stop the expected decline and lead the price to resume the main bullish trend that has its first target at 1.1350.

The expected trading range for today is between 1.1060 support and 1.1200 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session, to witness its bounce for the third session in four sessions from its highest since March 22, 2013, disregarding the US dollar index rebound for the second consecutive session from its highest since December 26 / December, according to the inverse relationship between them on the threshold of developments and economic data expected today Monday by the US economy, the largest economy in the world.

At exactly 03:55 AM GMT, the gold futures contracts for February delivery fell 0.36% to trade at $ 1,557.40 per ounce compared to the opening at $ 1,563.00 per ounce, knowing that the contracts started the trading session on an upward price gap after the week's trades were concluded The past at $ 1,560.10 an ounce, while the US dollar index fell 0.07% to 97.35 compared to the opening at 97.41.

Investors are currently awaiting the US Treasury’s unveiling of the federal budget reading, which may reflect the deficit shrinkage to $ 15.0 billion compared to $ 208.8 billion last November, while the markets are looking for later this week by the US economy to disclose data Inflation and retail sales account for about half of consumer spending, which accounts for more than two-thirds of US GDP.

Investors are also looking forward to the results of FOMC members ’talk, John Williams, about the culture of financial services at a workshop hosted by the London School of Economics, and the President of the Philadelphia Fed on the normalization of monetary policy at the official forum of monetary and financial institutions in New York, and about the economic outlook at the New Jersey Banking Leadership Forum later.

This comes before we witness next Wednesday the unveiling of the Beige Book report, which is important in that it is issued two weeks before the meeting of the Federal Open Market Committee, which is one of the pillars on which the monetary policy makers of the Federal Reserve build their decisions and directions to support and stimulate the American economy, knowing, The next meeting of the Federal Open Market Committee is scheduled to be held in Washington on January 28/29.

Dallas Fed President Robert Kaplan is also due to speak at the Economic Club in New York, before Fed Vice Governor Randall Quarles spoke about banking supervision at the annual meeting of the American Bar Association Banking Law Committee in Washington by the end of this week, and in another context European Central Bank Governor Christine Lagarde will be speaking on Thursday at the New Year's reception in Frankfurt.

Otherwise, markets are awaiting next Friday to reveal the National Bureau of Statistics of China, the largest consumer of metals globally and the second largest economy in the world and the second largest industrialized country globally from the seasonally adjusted reading of GDP for the fourth quarter, which reflects the slowdown in the pace of growth to 1.4% compared to 1.5% during the last third quarter , While the annual reading of the same indicator may show the stability of the pace of growth at 6.0%, little changed from the previous annual reading for the third quarter.

In the same context, the office is also expected to reveal the annual reading of the retail sales index, which shows a slowdown in the pace of growth to 7.9% compared to 8.0% in the previous annual reading for the month of November, while the annual reading of industrial production may show a stable pace of growth at 6.2% Little change from the previous annual reading for the month of November, with the disclosure of the reading of the unemployment rate index for the month of December.

Otherwise, today, Chinese Vice Prime Minister and head of the Chinese negotiating team in trade talks will travel to Washington for a visit that expires next Wednesday, according to the Chinese Ministry of Commerce. US President Donald Trump and Chinese officials are expected to sign the first stage of the trade deal Waiting for it between the United States and China, which aims to ease trade tensions between Washington and Beijing at the White House on the 15th of this month.

We would like to point out, because gold prices last week ended their longest weekly gains march in six months with a decline during the previous week for the first time in six weeks, after last Wednesday ended their longest daily gains march in more than three decades after having tested the $ 1,600 per ounce barrier For the first time in seven years, in the wake of reduced concerns about geopolitical tensions in the Middle East, especially the outbreak of war between the United States and Iran.

Technical analysis

The gold price opened today with a noticeable negativity to succeed in touching our first target at 1536.50, and we believe that the field is open to continue the decline during the upcoming sessions, noting that exceeding this level will push the price to 1519.00 directly.

Therefore, the downside direction will remain favorable for today, supported by the negative pressure formed by the EMA50, noting the importance of holding below 1556.70 for the continuation of the expected decline.

The expected trading range for today is between 1519.00 support and 1550.00 resistance.

Expected trend for today: bearish.

Google's stock continues the bullish path. As the stock was able to breach the upper bound of the ascending channel that was trading within it, thus 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.

The stochastic is still moving within the overbought zone within a sideways path, indicating the continuation of the bullish path.

Expected trend for today: bullish.

The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session to witness the highest since May 23 against the Japanese yen after the developments and economic data that were reported by the Japanese economy, the third largest economy in the world after each of the United States and China and on the cusp of developments and economic data Expected today, Tuesday, by the US economy and amid optimism that the prospect of America and China will sign the first phase of the trade agreement.

At exactly 6:13 am GMT, the US dollar pair rose against the Japanese yen by 0.13% to 110.09 levels compared to the opening levels at 109.94, after having achieved the highest level in eight months at 110.21, while achieving the lowest during the trading session at 109.92.

We have followed on from the Japanese economy the release of the current account index reading, which showed the surplus has shrunk to 1.437 billion yen compared to 1,817 billion yen last October, outperforming expectations that indicated a surplus of 1.425 billion yen, while the seasonally adjusted reading of the index The same widened the surplus to 1.795 billion yen from 1.732 billion yen in October, also outperforming forecasts that the surplus widened to 1,786 billion yen.

This came in conjunction with the issuance of the annual reading of the bank lending index, which reflected the slowdown in growth to 1.8% compared to the previous reading last November and expectations at 2.1%, to the disclosure of the ECO Watchers statistical reading of the current conditions, which showed the contraction of the current conditions shrank to 39.8 against 39.4 in November, worse than expected, to shrink the contraction to 40.9.

On the other hand, investors are looking for the US economy to disclose inflation data with the release of the consumer price index, which may reflect a slowdown in growth to 0.2% against 0.3% last November, while a substantial reading of the same indicator may show stability in growth of 0.2%, While the annual reading of the index may indicate accelerated growth to 2.4% versus 2.1%, the fundamental annual reading of the index may reflect the stability of growth at 2.3%.

This comes before the speech of the Federal Open Market Committee member and President of the New York Federal Reserve John Williams about the culture of financial services in a workshop hosted by the London School of Economics, and it is expected that tomorrow, Wednesday, the PPI reading, which is an indicative indicator of inflation, will be issued before members Others on the Federal Committee are Philadelphia Fed President Patrick Harker and Dallas Federal Reserve Chairman Robert Kaplan.

Tomorrow's Big Book report is also scheduled to be revealed tomorrow, whose importance is that it is issued two weeks before the FOMC meeting, which is one of the pillars upon which the Federal Reserve monetary policy makers build their decisions and orientations to support and stimulate the American economy, knowing that The next meeting of the Federal Open Market Committee will be held in Washington on January 28/29.

Other than that, US Trade Representative Robert Lighthiser yesterday told Fox Business that the Chinese translation of the text of the 86-page deal had been completed, with his statement, "We will announce it Wednesday before signing," and this came hours after Liu He, the Chinese prime minister, arrived. The head of the Chinese negotiating team in Washington trade talks is on the verge of signing tomorrow, Wednesday, the first phase of the trade deal between the United States and China.

It is reported that the US Treasury yesterday removed China from the currency manipulation list after it was put on the list by the ministry in August with the postponement of that order because Beijing remained artificially weaker on the yuan, and the Treasury Department reported through its semi-annual report of the currency China has made "enforceable commitments" to spread exchange rate information and not to depreciate the yuan.

Technical analysis

Yesterday the dollar against the yen resumed its positive trading to approach our awaited target at 110.50, and the price gets good positive support from the EMA50, which provides signals on the price trend to breach the mentioned level and open the way for more gains.

In general, we will continue to favor the bullish trend for the next period unless 109.33 level is broken and stability below it.

The expected trading range for today is between 109.50 support and 110.80 resistance.

Expected trend for today: bullish.

The resistance level of 129.00 holds back buyers. A bearish divergence is forming on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending structure, completing it.

Stop loss for the resistance level of 129.00.

Target levels - 123.10; 120.00.

The general trend is upward. Gold is trading in the range of 365 and 135 moving averages. A descending truncated pattern of the H2 level has formed. Bullish divergence was formed on Awesome Oscillator indicator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (as) breaks through the inclined channel of the descending truncated pattern of the H2 level.

Stop Loss under the minimum truncated pattern.

The pair is trading above 1.2960 as the Bank of England is no longer expected to hike interest rates before the crucial Brexit decision. The pair may continue to decline following the release of the US consumer inflation data.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are growing.

Trading recommendations:
If the price goes below 1.2960, it will proceed further down to 1.2900.

SBER Bank share continues to rise after it managed to break through the resistance 225.80 and reached the next target 264.00. To continue the bullish path for Spur Bank.

Keeping the price above 255.80 is a prerequisite for the continuation of the bullish price action. While breaching this level will lead the price to the corrective decline towards 250.46.

Price action above the moving averages that move in an upward order under the price and constitute a positive price pressure factor.

The stochastic oscillator is moving sideways near the buy area and gives an indication of a decrease, thus we will see the price test the support level at 255.80.

The general direction of the movement: bullish.