Analytic reviews

The pair is consolidating above 1.1130 in anticipation of today's speech by Christine Lagarde and the publication of the eurozone consumer inflation data. If the head of the ECB once again speaks problems in the euro area and stimulus measures, while the inflation data is weaker than predicted, it may put pressure on the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. The moving averages are intersecting and suggest selling. RSI is at 50% and moves horizontally. Stoch are also moving downwards.

Trading recommendations: 

Sell the pair after it crosses 1.1130 with a likely local target of 1.1050.

When buying an option against the trend, it is necessary to confirm other instruments of technical analysis - the presence of divergence, candlestick reversal patterns. Buy against trend strictly on level retest! Buying an option before publishing important economic news is considered risky.   The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

Aeroflot shares rose and managed to break through the resistance 103.99 and settle above it after bouncing back from the 101.25 support level during the past week. Where

The price is moving below the 7-20-50 moving averages, which move in one level and forms a support level for the price and increases the strength of the support level 103.99.

The stochastic is moving within the overbought zone, thus pressuring the price to rise further.

Expected trend for today: bullish.

The Australian dollar versus the US dollar continues the quiet decline to reach the EMA50, which continues to provide positive support for the price, waiting for the bounce up to resume the bullish trend that mainly targets the 0.7015 level.

The ascending channel continues to organize the suggested ascending wave, which will remain valid and active unless 0.6670 level is broken and stability is below it.

The expected trading range for today is between 0.6810 support and 0.6900 resistance.

Expected trend for today: bullish.

The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second session in four sessions from its highest since August 13 against the US dollar on the cusp of developments and economic data expected today Wednesday by the economies of the euro area, which includes a conservative talk European Central Bank Christine Lagarde and amid the scarcity of economic data on Wednesday by the US economy and looking forward to the speech of members of the Federal Open Market Committee.

At exactly 05:27 AM GMT, the euro against the US dollar fell 0.17% to 1.1131 levels, which is the lowest level for the husband during the trading session compared to the opening levels at 1.1150, while the pair achieved its highest level during the trading session at 1.1154.

Markets are looking for Germany, the euro zone's largest economy, to release the PPI reading, which is a preliminary indication of inflationary pressures that may reflect 0.1% growth versus a 0.2% contraction last October. This comes before we witness the speech of European Central Bank Governor Christine Lagarde. Opening ceremony at the European Central Bank seminar in Frankfurt, held in honor of Benoit Core.

Markets are also looking to Germany to reveal the IFO reading of the business climate, which may show a widening of 95.9 compared to 95.0 last November, as the reading of the same index may indicate a widening to 93.0 compared to 92.1, and the same indicator reading may reflect current assessments. It also expanded to 98.1 compared to 97.9 in November.

Up to the disclosure of inflation data for the eurozone economies as a whole with the release of the annual final reading of the consumer price index, which may reflect the stability of growth at 1.0%, little changed from the initial reading for the month of November and compared to 0.7% in the previous reading for the month of October, as well The substantial annual reading of the same indicator may also show stability in growth of 1.3%, also little changed from the previous initial reading and against 1.1%.

On the other hand, investors are looking forward to the participation of a member of the Federal Open Market Committee and Deputy Governor of the Federal Reserve Bank of Elle Brenard in a panel discussion entitled "Politics, Technology and Globalization" within the European Central Bank seminar held in honor of Benoit Core in Frankfurt, before we witness a talk Another member of the Federal Reserve and Chicago Fed President Charles Evans at the Economic Club Indiana lunch.

This comes hours after US President Donald Trump called on members of the Federal Committee to cut interest rates further after reducing this year three times by 25 basis points to between 1.50% and 1.75%, and this came through his tweet to him, which he touched upon The US dollar’s ​​position remains strong against other currencies, and almost no inflation, so it is time for further rate cuts to increase exports.

Technical analysis

The euro against the dollar pair reached the level of 1.1180 yesterday and bounced down significantly from there, to test the support of the bullish intraday channel, noting that the EMA50 continues to provide positive support for the price, waiting for the contribution to pay the price to breach the mentioned level and open the way for visiting the 1.1280 level that represents Our next goal.

Therefore, we will maintain our bullish expectations for the upcoming period unless 1.1108 level is broken and stability below it.

The expected trading range for today is between 1.1080 support and 1.1230 resistance.

Expected trend for today: bullish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session, condoning the rise of the US dollar index for the third session in five sessions from the lowest since the beginning of last July according to the inverse relationship between them and amid the scarcity of economic data today Wednesday by the American economy and with the aspiration To members of the Federal Open Market Committee talk hours after US President Donald Trump renewed his call for the Federal Reserve to press ahead with cutting interest on federal funds and expanding stimulus.

At exactly 04:09 AM GMT, the gold futures contracts for February delivery rose 0.03% to trade at $ 1,480.80 per ounce compared to the opening at $ 1,480.40 per ounce, knowing that the contracts started the trading session on a falling price gap after it concluded yesterday's trading At $ 1,480.40 an ounce, while the US dollar index rose 0.08% to 97.32 compared to the opening at 97.24.

Investors are looking forward to the participation of Member of the Federal Open Market Committee and Deputy Governor of the Federal Reserve Bank of La Brenard in a panel discussion entitled "Politics, Technology and Globalization" within the European Central Bank seminar held in honor of Benoit Core in Frankfurt, before we witness another member's speech in The Federal Reserve and Chicago Fed President Charles Evans at the Indiana Economic Club lunch.

This comes hours after US President Donald Trump called on members of the Federal Committee to cut interest rates further after reducing this year three times by 25 basis points to between 1.50% and 1.75%, and this came through his tweet to him, which he touched upon The US dollar’s ​​position remains strong against other currencies, and almost no inflation, so it is time for further rate cuts to increase exports.

In another context, we followed yesterday, American Trade Representative Robert Lighthizer expressed that his country’s agricultural sales are expected to double to China, with his statement that the first stage of the trade agreement between Washington and Beijing is enforceable, and we would like to point out that the head of the International Monetary Fund, Christina Georgieva And credit rating agency Fitch yesterday raised their forecast for the growth of the Chinese economy for 2020 to 6% with optimism about the agreement.

Otherwise, we have followed the statements of the spokesman for British Prime Minister James Slack, in which he expressed the fact that the election statement was clear about excluding any extension in the transitional period, explaining that his country’s government is working to start negotiations on future trade relations with the European Union as soon as possible, Adding that the government intends to build trade relations with the Union by January of 2021.

Slack also stressed that Britain will leave the customs union and the single market for the euro area we are any circumstances, and this came hours after he stated that Britain's exit agreement from the European Union will be presented to Parliament next Friday and that the agreement aims to set agreed terms between Prime Minister Boris Johnson and Brussels in He formed a law, while expressing his government's confidence in moving forward in securing a long-term free trade agreement with the union.

In the same vein, we also followed up this week at the beginning of this week, the report that touched on the fact that British Prime Minister Johnson will work to change the law to ensure that the transition period for his country’s exit from the European Union does not extend beyond the end of next year 2020, which may pose a potential challenge for him because many Some observers of the developments of Britain's exit from the European Union believe that reaching a trade deal between the two parties needs more time.

Technical analysis

Gold price continues to move within a narrow range, and therefore, the bearish trend scenario will remain as is unchanged for the coming period, organized within the descending correction channel that appears in the above chart, relying on stability below the level of 1489.00, noting that breaking 1461.00 will facilitate the task of achieving our goals Negative that begins at 1447.00 and extends to 1413.10.

The expected trading range for today is between 1460.00 support and 1485.00 resistance.

Expected trend for today: bearish.

The US dollar fluctuated in a narrow range, which is slipping toward decline during the Asian session against the Japanese yen, following the developments and economic data that were followed by the Japanese economy, the third largest economy in the world, and amid the scarcity of economic data on Wednesday by the US economy, the largest economy in the world, and looking forward to the speech of the members of the Federal Committee For the open market.

At exactly 05:51 am GMT, the US dollar pair fell against the Japanese yen by 0.02% to 109.46 levels compared to the opening levels at 109.48 after the pair achieved its lowest during the trading session at 109.41, while achieving the highest at 109.57.

We have followed on from the Japanese economy the release of the Trade Balance Index reading, which showed a deficit of 82.1 billion yen against a surplus of 15.7 billion yen last October, contrary to expectations that indicated a deficit of 356 billion yen, while the seasonally adjusted reading of the index showed Similarly, the deficit widened to 61 billion yen, compared to 48 billion yen in October, worse than expectations that the deficit widened to 56 billion yen.

This came with the annual reading of exports showing that the decline declined to 7.9% compared to 9.2% in the previous annual reading for the month of October, surpassing expectations that indicated a decrease in the decline to 8.9%, while the annual reading of imports showed that the decline expanded to 15.7% compared to 14.8% in The previous annual reading for October, contrary to expectations that the decline will decrease to 12.8%.

On the other hand, investors are looking forward to the participation of a member of the Federal Open Market Committee and Deputy Governor of the Federal Reserve Bank of Elle Brenard in a panel discussion entitled "Politics, Technology and Globalization" within the European Central Bank seminar held in honor of Benoit Core in Frankfurt, before we witness a talk Another member of the Federal Reserve and Chicago Fed President Charles Evans at the Economic Club Indiana lunch.

This comes hours after US President Donald Trump called on members of the Federal Committee to cut interest rates further after reducing this year three times by 25 basis points to between 1.50% and 1.75%, and this came through his tweet to him, which he touched upon The US dollar’s ​​position remains strong against other currencies, and almost no inflation, so it is time for further rate cuts to increase exports.

Technical analysis

The dollar versus the yen shows sideways trading and is close to testing the 109.33 level now, in conjunction with the stochastic reaching the oversold areas in the sale, which supports the chances of resuming the expected bullish direction for the coming period, which mainly targets 110.50 areas, taking note that a break of 109.33 will put the price Under negative pressure, it aims at testing the 108.40 level initially.

The expected trading range for today is between 109.00 support and 110.00 resistance.

Expected trend for today: bullish.

When buying an option against the trend, confirmation of other technical analysis tools is mandatory - the presence of divergence, candlestick reversal patterns. Buying against the trend strictly at the retest level! Buying an option before publishing important economic news is considered risky. The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

The pair turned down amid the expectations of interest rate cuts by the RBA early next year, as signaled by the minutes of the regulator’s December meeting presented today. Given this, along with the continuing uncertainty surrounding the US-Chinese trade talks, the pair will continue to decline.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is declining. Stoch are also moving down.

Trading recommendations:

Sell the pair after it crosses the level of 0.6860 with a probable local target of 0.6800-05.

The general movement is upward. A break through the pivot price zone of 450.70 will result in the formation of an upward pattern of a 123. Stochastic Oscillator indicator signals oversoldness of the stock.

Trading reccomendations:

Buy Above 450.70.

Stop Loss - 445.20.

Target levels - 456.40; 460.70.