Analytic reviews

The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session, to witness its bounce to the third session from the top since November 11 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected today Thursday from the economy US which includes the second half of the testimony of the Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles before the US Congress in Washington.

At exactly 02:56 AM GMT, the Australian dollar pair fell against the US dollar by 0.10% to 0.6842 levels compared to the opening levels at 0.6849, after the pair achieved its lowest during the trading session at 0.6833, while achieving the highest at 0.6855.

We have followed on from the Australian economy the release of the retail sales index, which reflected the stability at zero levels against 0.2% growth last September, contrary to the expectations that indicated the acceleration of growth to 0.3%, and this came in conjunction with the release of the trade balance reading, which showed a shrinking surplus to A value of A $ 4.50 billion compared to A $ 7.18 billion in September, also worse than forecast at A $ 6.50 billion.

On the other hand, investors from the US economy are awaiting the release of the index of subsidy requests for the past week at the end of last month, which may reflect an increase by two thousand requests to 215 thousand requests compared to 213 thousand requests in the previous weekly reading, as may read the index of subsidy requests investors for the past week On the 23rd of last month, an increase of 20 thousand requests to 1,660 thousand requests compared to 1,640 thousand requests.

This comes in conjunction with the release of the Trade Balance Index reading, which may reflect a narrowing of the deficit to $ 48.7 billion compared to $ 52.5 billion in September, and before the disclosure of the factory orders reading, which may show a 0.3% rise compared to a 0.6% decline in September, Up to the Federal Reserve Deputy Governor and member of the Federal Commission Randall Quarles testified about supervision and regulation before the Senate Banking Committee.

Technical analysis

The Australian dollar versus the US dollar trades stable above the EMA50, and continues to move within the ascending channel, and therefore, there is no change to the upside scenario that mainly targets the areas of 0.7015, noting the importance of holding above 0.6755 to continue.

The expected trading range for today is between 0.6800 support and 0.6900 resistance.

Expected trend for today: bullish.

Gold remains hostage to US-China trade talks. Any optimism on this topic puts pressure on the quotes. At the same time,  negative news support it. Despite this, in the future it may drop to the lower limit of the wide range of 1444.50-1478.00. 

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is located above the level of 50% and is declining. Stoch grow.

Trading recommendations: 
Expect a downwards reversal of the gold price with a drop to 1452.45 and even further down to 1444.50.

The pair is consolidating above 1.3280 in anticipation of the BoC monetary policy decision, as well as due to the uncertain behavior of crude oil prices. If the regulator leaves rates at the same level and does not change them in the near future, this may support the Canadian currency.

The price is below the middle Bollinger band, at SMA 5, but below SMA 14. RSI is located below the level of 50% and moves horizontally. Stoch indicate a weakening of the downward dynamics.

Trading recommendations:

In the wake of positive news for the Canadian dollar, the pair may break the level of 1.3280 and surge to 1.3250.

The dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the third consecutive session from its highest since May 30, when it tested the highest for it since 23 of the same month against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of Economic developments and data expected today, Wednesday, by the US economy, the largest economy in the world.

At exactly 06:12 am GMT, the US dollar pair fell against the Japanese yen by 0.04% to 108.59 levels compared to the opening levels at 108.63 after the pair achieved its lowest during the trading session at 108.49, while achieving the highest at 108.68.

Investors are currently looking for the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the acceleration of the pace of job creation to 137 thousand added jobs compared to 125 thousand added jobs in October, hours before the disclosure On the monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of November.

This comes before we witness the issuance of the final reading of the service provision institute index by Marquette about the United States, which may reflect the stability of the expansion at 51.6, little changed from the initial reading for November and 50.6 in October, and we would like to point out that the service provision Its importance is that the service sector in the United States accounts for more than two-thirds of GDP.

Up to the disclosure of the Institute of Service Supply index reading, which may show a shrinkage of expansion to 54.5 compared to 54.7 in October, and this comes before we witness the Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles testifying before the Financial Services Committee in the Council Representatives in the capital of the United States of America Washington.

Technical analysis

The dollar against the yen presented additional negative trades yesterday to reach the outskirts of the awaited target at 108.40, and the price falls under the negative pressure formed by the EMA50, to support the chances of breaking the aforementioned level and opening the way for the continuation of the decline during the upcoming period, where the next target is located at 107.45.

From here, we expect the bearish trend to continue dominating the upcoming trading unless the price rushes to breach the 109.33 level and hold above it.

The expected trading range for today is between 107.80 support and 109.00 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce back to the fourth session in six sessions from the lowest since November 12, when it tested the lowest since August 2, disregarding the positive stability of the US dollar index, explaining Its bounce to the second session from the lowest since the fifth of last month according to the inverse relationship between them on the cusp of developments and economic data expected today by the US economy and with the pricing of trade protectionism by Washington.

At exactly 04:52 AM GMT, gold price futures for February delivery rose 0.13% to trade at $ 1,485.10 per ounce compared to the opening at $ 1,483.20 per ounce, knowing that the contracts started the session’s trading on a falling price gap after yesterday’s trading was concluded At $ 1,484.40 an ounce, while the US dollar index rose 0.04% to 97.76 compared to the opening at 97.93.

Investors are looking for the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the acceleration of the pace of job creation to 137,000 added jobs compared to 125,000 added jobs in October, hours before the disclosure Monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of November.

This comes before we witness the issuance of the final reading of the service provision institute index by Marquette about the United States, which may reflect the stability of the expansion at 51.6, little changed from the initial reading for November and 50.6 in October, and we would like to point out that the service provision Its importance is that the service sector in the United States accounts for more than two-thirds of GDP.

Up to the disclosure of the Institute of Service Supply index reading, which may show a shrinkage of expansion to 54.5 compared to 54.7 in October, and this comes before we witness the Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles testifying before the Financial Services Committee in the Council Representatives in the capital of the United States of America Washington.

Otherwise, we followed yesterday, US President Donald Trump expressed his preference in one way or another to postpone the conclusion of a trade deal with China until after the 2020 presidential elections, with his statement that Beijing wants to conclude a deal at the moment with Washington and that "we will see if the deal will be correct or No, "and that came less than two weeks before Washington activated a 15% tariff increase on Chinese goods worth $ 160 billion by the 15th of this month.

In another context, US President Trump has threatened France with imposing 100% tariffs on goods it supplies to his country estimated at $ 2.4 billion to pressure Paris to back down from its intention to impose a new digital services tax that will harm technology companies, especially American, and this comes hours after Trump expressed Last Monday, his administration will impose customs duties on his country's steel and aluminum imports from Brazil and Argentina.

Technical analysis

Gold price traded positively yesterday evening to test the $ 1480.00 barrier, noting that the stochastic indicator shows clear saturation in purchasing, which supports the chances of returning to resume the expected bearish direction in the intraday and short term, while reminding us that we are waiting for a visit to the level of 1447.00 as the next main target.

It should be noted that the continuation of the downward corrective wave depends on stability below 1489.00, as its breach will stop the negative scenario and lead the price to return to the main bullish path again.

The expected trading range for today is between 1460.00 support and 1490.00 resistanc

Expected trend for today: Overall fall.

The euro currency fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the second session from its top since November 21, when it tested its highest since the fifth of the same month against the US dollar on the cusp of developments and economic data expected today Wednesday by The economies of the euro area and the US economy are the largest in the world.

At exactly 05:39 AM GMT, the euro against the US dollar fell 0.07% to 1.1074 levels, which is the lowest level for the husband during the trading session, compared to the opening levels at 1.1082, while the pair achieved its highest level during the trading session at 1.1084.

The markets are looking to discover by Spain, the fourth largest economy in the euro area, about the reading of the Services Purchasing Managers Index, which may show a shrinkage in value to 51.9 compared to 52.7 last October, before we witness the reading of the same index for Italy, the third largest economy in the region, which It may also reflect a shrinkage of breadth to 51.2 versus 52.2 in October.

Investors are also looking for France, the second largest economy in the eurozone, to disclose the final reading of the Services PMI, which may show the stability of expansion at 52.9 unchanged from the initial reading for the past month and the previous reading for October, before the final reading of the same indicator for Germany, which It may also illustrate the stability of the amplitude at 51.3, little changed from the previous initial reading, compared to 51.6 in October.

To reveal the final reading of the services PMI for the euro area as a whole, which may show the stability of the expansion at 51.2 unchanged from the previous reading for the previous month of November, compared to 52.2 in October, otherwise, we followed yesterday, Tuesday, the statements of the Minister of Economic Affairs In France, Barnier Rancher said that Paris is sticking to taxation of technology giants

The Minister of Economic Affairs in France, Rancher, also mentioned that France and the United States of America will work to resolve disputes over the tax through the Organization for Economic Cooperation and Development, which put forward a plan regarding taxing technology companies, and this came hours after US President Donald Trump threatened to impose customs duties on French goods and merchandise estimated at $ 2.4 billion, in response to possible French taxes.

In the same context, the European Commission expressed that the European Union will deal as a single bloc to confront the customs duties that the American President threatened to impose on French goods and goods, with the Commission reporting that the decision of the World Trade Organization does not allow America to increase customs duties, as French Finance Minister Bruno Lemerre also noted Yesterday, because American threats were unacceptable, and that if new tariffs were imposed, the Union and France were ready to respond.

On the other hand, investors are looking for the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the acceleration of the pace of job creation to 137 thousand added jobs compared to 125 thousand added jobs in October, hours before From the disclosure of the monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of November.

This comes before we witness the issuance of the final reading of the service provision institute index by Marquette about the United States, which may reflect the stability of the expansion at 51.6, little changed from the initial reading for November and 50.6 in October, and we would like to point out that the service provision Its importance is that the service sector in the United States accounts for more than two-thirds of GDP.

Up to the disclosure of the Institute of Service Supply index reading, which may show a shrinkage of expansion to 54.5 compared to 54.7 in October, and this comes before we witness the Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles testifying before the Financial Services Committee in the Council Representatives in the capital of the United States of America Washington.

Technical analysis

The euro against the dollar pair shows slight negative trades to approach the testing of the level of 1.1065, accompanied by the stochastic rid of the negative momentum and approaching the oversold areas in the sale, waiting for the price to be stimulated to resume the expected bullish direction for the next period, whose next targets are located at 1.1105 then 1.1180.

Therefore, we will maintain our bullish expectations unless the 1.1065 level is broken and stability below it again.

Expected trading range for today is between 1.1000 support and 1.1160 resistance.

Expected trend for today: bullish.

The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session to witness its bounce for the second session from the top since November 11 against the US dollar counterpart following the economic developments and data that it had reported on the Australian economy and on the cusp of developments and economic data expected today Wednesday from the economy The American is the largest economy in the world.

At exactly 03:03 AM GMT, the Australian dollar pair fell against the US dollar by 0.25% to 0.6830 levels compared to the opening levels at 0.6847, after the pair achieved its lowest during the trading session at 0.6828, while achieving the highest at 0.6854.

We have followed the Australian economy about the disclosure of the services index reading by the Australian Industrial Group (AIG), which reflected the shrinkage of expansion to a value of 53.7 compared to 54.2 last October, and this came before we witnessed the release of the GDP index, which showed a slowdown The pace of growth during the third quarter to 0.6% compared to 0.4% in the previous reading for the second quarter of last year, worse than the expectations that indicated a growth of 0.5%.

In the same context, the annual reading of GDP showed an acceleration in the growth rate to 1.7%, in line with expectations, compared to 1.6% in the previous annual reading for the second quarter, and this comes hours after the Reserve Bank of monetary policy makers decided to stay on the short-term benchmark interest rates It is at its lowest ever for the second consecutive meeting at 0.75%.

On the other hand, investors are looking for the US economy to disclose preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the acceleration of the pace of job creation to 137 thousand added jobs compared to 125 thousand added jobs in October, hours before From the disclosure of the monthly report of jobs except agricultural and unemployment rates in addition to the hourly rate for the month of November.

This comes before we witness the issuance of the final reading of the service provision institute index by Marquette about the United States, which may reflect the stability of the expansion at 51.6, little changed from the initial reading for November and 50.6 in October, and we would like to point out that the service provision Its importance is that the service sector in the United States accounts for more than two-thirds of GDP.

Up to the disclosure of the Institute of Service Supply index reading, which may show a shrinkage of expansion to 54.5 compared to 54.7 in October, and this comes before we witness the Deputy Governor of the Federal Reserve and member of the Federal Open Market Committee Randall Quarles testifying before the Financial Services Committee in the Council Representatives in the capital of the United States of America Washington.

Technical analysis

The Australian dollar versus the US dollar fluctuates around the EMA50 and maintains its stability above it, and as long as the price is above the level of 0.6755, our expectations for the upward trend will remain valid and effective for the next period, as the price moves inside the upward channel that appears in the picture, pending the direction towards 0.7015 that represents our goal The next major.

Expected trading range for today is between 0.6800 support and 0.6900 resistance.

Expected trend for today: bullish.

Aeroflot shares fell for the fifth consecutive day, exceeding the support levels 103.99–101.25 and approaching the next support level 98.55 at the 61.8% Fibonacci retracement.

The price has moved below the 7-20-50 moving averages, which have become price resistance levels.

Stochastic Oscillator has entered the oversold zone, so we will see an attempt by the price to test the support level 89.55 again as long as the stochastic is within the oversold zone.

Expected trend for today: bearish.

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.

The US dollar fluctuated in a narrow, bullish range during the Asian session to witness the rebound for the second session from the lowest since November 26 against the Japanese yen following the developments and economic data followed by the Japanese economy, the third largest economy in the world and the lack of economic data on Tuesday from Ahead of the US economy the largest in the world.

At 06:03 AM GMT the USDJPY rose 0.19% to 109.19 levels from the opening levels of 108.98 after hitting a session low of 108.95 and a high of 109.21.

On the other hand, the Japanese economy followed the release of the Bank of Japan's annual monetary base reading, which showed that the pace of growth accelerated to 3.3% from 3.1% in October, below expectations that the pace of growth accelerated to 3.4%. The Japanese central bank has started to use this indicator as its main operational target for the monetary base chart since April 2013.

Technical Analysis

USDJPY traded markedly negative yesterday, breaking 109.33 and stabilizing below it, putting the pair under expected negative pressure over intraday basis, on its way to initially test 108.40.

Therefore, the bearish bias is likely for today unless breaching 109.33 level and holding above it again, noting that exceeding the target will provide signals on the direction of the price to achieve further declines in the short term.

Expected trading range for today is between 108.40 support and 110.00 resistance.

Expected trend for today: Bearish.