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The pair is trading below 1.1075 in anticipation of the minutes of the latest Fed’s monetary policy meeting, along with a speech by the ECB head Christine Lagarde to be delivered this Friday.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the level of 50% and gradually decreases. Stoch are dropping.

Trading recommendations:

A price drop below 1.1060 will be a signal to sell the pair with a likely target of 1.1000.

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the seventh session in nine sessions from the highest since late May against the Japanese yen after the release of the Bank of Japan's semi-annual report on currency and monetary control and on the eve of developments and economic data expected Tuesday from The US economy has accepted the largest economy in the world, which includes the speech of the FOMC member and Chairman of the New York Federal Reserve Bank John Williams in Washington.

At 05:53 AM GMT, USD / JPY fell 0.08% to 108.59 levels from 108.68 opening levels, after hitting a session low of 108.46 and a high of 108.71.

Bank of Japan Governor Haruhiko Kuroda said through the Bank of Japan's semi-annual report on currency and monetary control that the Bank of Japan can deepen negative interest rates, explaining that the Bank of Japan could adopt deepening negative rates beyond -0.1%, adding that it did not He says the Bank of Japan can cut interest rates indefinitely and has unlimited ammunition to cut them.

BoJ Governor Kuroda also noted through the Bank of Japan's semi-annual report on currency and monetary control that the Japanese economy provides momentum to the BoJ's inflation target and that strong quantitative easing and monetary easing policies will continue, adding that the Bank of Japan's monetary policy makers are weighing costs And the benefits of quantitative easing and monetary easing.

On the other hand, investors are currently awaiting the US economy to release housing market data with the release of both housing starts and building permits and amid expectations that building permits will decline to 0.8% to about 1,381 thousand permits versus 2.7% at 1,387 thousand in September. September, while the start of construction may reflect a rise of 4.9% to about 1,318 thousand homes compared to a decline of 9.4% at 1,256 thousand homes.

The Federal Open Market Committee (FOMC) and New York Federal Reserve Chairman John Williams spoke at the Capital Markets Conference sponsored by the Securities and Financial Markets Industry Association in Washington, DC, hours after US President Donald Trump met with the Federal Reserve Governor. Jerome Powell at the White House in an unplanned meeting.

Earlier this week, US President Trump invited Powell to discuss the state of the domestic economy, particularly the pace of growth and inflation, as well as employment rates. The meeting included US Treasury Secretary Stephen Menushin, and Trump said the meeting was very good. Several topics were discussed including interest rates, negative interest rates and inflation.

Trump said he also discussed during his meeting with Powell and Minions his country's trade relations with China and the European Union as well as many other countries and the strength of the US dollar and the impact on the industrial sector of the largest industrialized country in the world, in addition to many other topics and issues. Powell's comments on the meeting were consistent with his recent testimony before Congress and did not address monetary policy expectations.

In the same vein, Fed Governor Powell reaffirmed that the course of monetary policy depends primarily on economic data and that members of the Federal Open Market Committee approve monetary policy as required by law to support maximum employment and price stability and that they rely in their decisions on careful analysis Objective, not political.

Last week, Powell noted the Fed's semi-annual testimony to Congress that his economy is in good shape, growth is moderate and the labor market is strong and he does not expect a looming economic catastrophe. This year, he said, adding that members of the Federal Reserve are currently assessing three rate cuts recently and their impact on the economy.

On Wednesday, markets are looking to unveil the minutes of the October 29-30 Federal Open Market Committee meeting, which approved a 25bp cut in interest rates for the third consecutive time to between 1.50% and 1.75%, amid the signal that Adjusting the Fed's monetary policy later would require significant and sustained inflationary movement to consider resuming rate hikes.

Technical Analysis

USDJPY is back to test the pivotal support of 108.40 and remains above it so far, noting that the stochastic has eliminated its negativity to reach oversold levels, awaiting the price to rebound upwards to resume the expected bullish trend for the coming period, whose first target is at 109.33.

From here, the bullish trend will remain intact over intraday and short term basis, noting that a break of 108.40 will pressure the price to turn lower and visit areas of 107.45 initially.

Expected trading range for today is between 108.00 support and 109.30 resistance.

Expected trend for today: Bullish.

Google continues to move within the ascending channel after reaching the level of 1328.50 thus achieving the target for the ascending movement. This is a historical price that the stock has never reported before.

The price continues to move within the ascending channel above the 20-7-50 moving averages that form support levels and press it to the upside.

Stochastic is on an uptrend towards overbought area, so we will see further upside.

The general direction of movement is: bullish.

Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound from the highest since November 7, ignoring the decline of the US dollar index for the fifth consecutive session from the highest since October 15, according to the inverse relationship between them Following the release of the Bank of Japan's semi-annual report on currency and monetary control and the release of the minutes of the recent RBA meeting and on the eve of economic developments and data expected Tuesday by the US economy.

At 04:31 am GMT, gold futures for December delivery fell 0.08% to trade at $ 1,470.70 an ounce compared with the opening at $ 1,471.90 an ounce, while the US dollar index fell 0.02% to 97.80 compared to the opening at 97.82.

Bank of Japan Governor Haruhiko Kuroda said through the Bank of Japan's semi-annual report on currency and monetary control that the Bank of Japan can deepen negative interest rates, explaining that the Bank of Japan could adopt deepening negative rates beyond -0.1%, adding that it did not He says the Bank of Japan can cut interest rates indefinitely and has unlimited ammunition to cut them.

BoJ Governor Kuroda also noted through the Bank of Japan's semi-annual report on currency and monetary control that the Japanese economy provides momentum to the BoJ's inflation target and that strong quantitative easing and monetary easing policies will continue, adding that the Bank of Japan's monetary policy makers are weighing costs And the benefits of quantitative easing and monetary easing.

In another context, the Reserve Bank of Australia revealed the minutes of the Reserve Bank of Australia meeting held on the 5th of this month, during which the short-term benchmark interest rates were set at an all-time low of 0.75%. The Australian central bank expands monetary policy easing if needed.

On the other hand, investors are currently awaiting the US economy to release housing market data with the release of both housing starts and building permits and amid expectations that building permits will decline to 0.8% to about 1,381 thousand permits versus 2.7% at 1,387 thousand in September. September, while the start of construction may reflect a rise of 4.9% to about 1,318 thousand homes compared to a decline of 9.4% at 1,256 thousand homes.

The Federal Open Market Committee (FOMC) and New York Federal Reserve Chairman John Williams spoke at the Capital Markets Conference sponsored by the Securities and Financial Markets Industry Association in Washington, DC, hours after US President Donald Trump met with the Federal Reserve Governor. Jerome Powell at the White House in an unplanned meeting.

Earlier this week, US President Trump invited Powell to discuss the state of the domestic economy, particularly the pace of growth and inflation, as well as employment rates. The meeting included US Treasury Secretary Stephen Menushin, and Trump said the meeting was very good. Several topics were discussed including interest rates, negative interest rates and inflation.

President Trump also said that he also discussed during his meeting with Powell Governor Powell and Treasury Secretary Minouchn his country's trade relations with China as well as the strength of the US dollar and the impact on the industrial sector of the world's largest industrialized country, unlike many other issues and comments. Powell on the meeting is consistent with his recent testimony before Congress and did not address the expectations of monetary policy.

In the same vein, Fed Governor Powell reaffirmed that the course of monetary policy depends primarily on economic data and that members of the Federal Open Market Committee approve monetary policy as required by law to support maximum employment and price stability and that they rely in their decisions on careful analysis Objective, not political.

Last week, Powell noted the Fed's semi-annual testimony to Congress that his economy is in good shape, growth is moderate and the labor market is strong and he does not expect a looming economic catastrophe. This year, he said, adding that members of the Federal Reserve are currently assessing three rate cuts recently and their impact on the economy.

In the same context, the markets are looking forward on Wednesday to reveal the minutes of the Federal Open Market Committee meeting held on October 29-30 during which it approved the reduction of interest rates for the third time in a row by 25 basis points to between 1.50% and 1.75%, Amid the suggestion that a subsequent monetary policy adjustment would require significant and sustained inflationary movement to consider resuming interest rate hikes.

Otherwise, we followed the White House extension of licenses that allow US companies to do business with Huawei, raising hopes of resolving trade disputes between Washington and Beijing and boosting investor risk appetite. The failure of the US administration to abolish tariffs in turn has dampened hopes of containing the trade war between the two sides.

On Saturday morning, Chinese Vice Premier Liu Hu held a telephone conversation with US Treasury Secretary Mnuchen and US Trade Representative Robert Leitzer on the "Phase I" deal, according to Chinese state media. They held "constructive talks" about their "fundamental concerns" and agreed to keep in close contact.

We would like to point out that the spokesman of the Chinese Ministry of Commerce, Gao Feng Noh, said last Thursday that both China and the US are in deep discussions on the "first phase" deal. It must end with the elimination of these additional tariffs, "he said." This is an important condition for both parties to reach an agreement. "

Meanwhile, White House economic adviser Larry Kudlow also noted Thursday that Washington was "approaching" a trade deal with Beijing. Some of the report recently touched on the postponement of a planned meeting between US President Donald Trump and his Chinese counterpart Xi Jinping to sign an interim trade agreement from time to time. Later this month to next month, the date or venue of their upcoming meeting has yet to be revealed.

Technical Analysis

The price of gold is fluctuating around the resistance of the descending channel and holding it below it so far, in conjunction with the emergence of clear negative signals through the stochastic indicator, which supports the chances of bouncing downwards to resume the expected bearish trend over the intraday basis, whose targets start with testing 1447.00.

SMA 50 supports the bearish outlook, noting that exceeding the mentioned target will push the price to 1413.10 as the next stop, while a break of 1472.00 will lead the price to test the pivotal resistance at 1489.00 before any fresh attempt to fall.

Expected trading range for today is between 1447.00 support and 1480.00 resistance.

Expected trend for today: Bearish.

The single currency fluctuated in a narrow, bullish range during the Asian session, witnessing its rebound for the fourth consecutive session from the lowest since October 10 against the US dollar on the eve of developments and economic data expected Tuesday by the euro zone economies and the US economy the largest economy In the world.

At 05:12 am GMT the EURUSD rose 0.03% to 1.1075 levels, the pair's highest level during the trading session, compared to the opening levels at 1.1072, while the pair achieved the lowest during the session at 1.1063.

Investors are looking ahead to the Eurozone economies as a whole, revealing the seasonally adjusted Current Account reading, which could reflect a contraction of the surplus to € 22.3 billion from € 26.6 billion in August. Europe needs broad discussions among policy makers on how to stimulate the economy.

European Central Bank member Lin also said that the Brexit scenario is unlikely, and that if this happens, the ECB and the Bank of England have worked together extensively in the past two years, explaining that Brexit is less harmful to the EU's economies than Britain. She has concerns about the repercussions of Brexit on Ireland.

On the other hand, investors are currently awaiting the US economy to release housing market data with the release of both housing starts and building permits and amid expectations that building permits will decline to 0.8% to about 1,381 thousand permits versus 2.7% at 1,387 thousand in September. September, while the start of construction may reflect a rise of 4.9% to about 1,318 thousand homes compared to a decline of 9.4% at 1,256 thousand homes.

The Federal Open Market Committee (FOMC) and New York Federal Reserve Chairman John Williams spoke at the Capital Markets Conference sponsored by the Securities and Financial Markets Industry Association in Washington, DC, hours after US President Donald Trump met with the Federal Reserve Governor. Jerome Powell at the White House in an unplanned meeting.

Earlier this week, US President Trump invited Powell to discuss the state of the domestic economy, particularly the pace of growth and inflation, as well as employment rates. The meeting included US Treasury Secretary Stephen Menushin, and Trump said the meeting was very good. Several topics were discussed including interest rates, negative interest rates and inflation.

President Trump said he also discussed during his meeting with the Federal Reserve Governor and the Treasury Secretary the trade relations with China and the European Union as well as the strength of the US dollar and the impact on the industrial sector of the world's largest industrialized countries, unlike many other issues and comments. Powell on the meeting consistent with his recent testimony before Congress and did not address the expectations of monetary policy.

Technical Analysis

The EURUSD ended yesterday's trading above 1.1065, and tested the support floor formed above that level to start rising again with the opening today, supporting the chances of continuing the bullish bias during the coming sessions, on its way to test the 1.1105 initially.

Thus, a bullish trend is likely for today, and a breach through the mentioned level will push the price to 1.1180 directly, while a break of 1.1065 is a negative factor that will press the price to test 1.0995 areas before determining the fate of its next destination more accurately.

Expected trading range for today is between 1.1000 support and 1.1180 resistance.

Expected trend for today: Bullish.

The Australian dollar fluctuated in a narrow range tilted to decline during the Asian session to witness the rebound to the tenth session in fourteen sessions from the highest since July 26 last July against the US dollar after the release of the minutes of the Reserve Bank of Australia and on the eve of developments and economic data expected on Tuesday from Ahead of the US economy which includes the speech of the FOMC member and New York Federal Reserve Chairman John Williams in Washington.

At 02:38 am GMT, AUDUSD fell 0.28% to 0.6792 levels, compared with opening levels at 0.6811, after the pair reached its lowest level during the session at 0.6785, while the highest level at 0.6815.

We followed the participation of the RBA Assistant Governor on Financial Markets Christopher Kent in a panel discussion entitled “Regulatory Update on Valuation” at the Australian Securitization Forum in Sydney. Current short-term benchmark interest rates were set at an all-time low of 0.75%.

We would like to point out that the RBA monetary policy makers expressed their willingness to further ease monetary policy if needed and that interest rates could have been lowered during this meeting, but they have assessed their rate cut three times earlier. This year and adopt a more appropriate approach to short-term benchmark interest rates.

The minutes also touched on the fact that members of the Reserve Bank of Australia (RBA) started their discussions at the meeting with the developments in the global economy and highlighted the signs of slowing growth of Australia's main trading partners recently due to the decline in investment and trade and that recent indicators indicate that this weakness is spreading to the sector. SOA in some of those countries.

On the other hand, investors are currently awaiting the US economy to release housing market data with the release of both housing starts and building permits and amid expectations that building permits will decline to 0.8% to about 1,381 thousand permits versus 2.7% at 1,387 thousand in September. September, while the start of construction may reflect a rise of 4.9% to about 1,318 thousand homes compared to a decline of 9.4% at 1,256 thousand homes.

The Federal Open Market Committee (FOMC) and New York Federal Reserve Chairman John Williams spoke at the Capital Markets Conference sponsored by the Securities and Financial Markets Industry Association in Washington, DC, hours after US President Donald Trump met with the Federal Reserve Governor. Jerome Powell at the White House in an unplanned meeting.

Earlier this week, US President Trump invited Powell to discuss the state of the domestic economy, particularly the pace of growth and inflation, as well as employment rates. The meeting included US Treasury Secretary Stephen Menushin, and Trump said the meeting was very good. Several topics were discussed including interest rates, negative interest rates and inflation.

President Trump also said that he also discussed during his meeting with Powell Governor Powell and Treasury Secretary Minouchn his country's trade relations with China as well as the strength of the US dollar and the impact on the industrial sector of the world's largest industrialized country, unlike many other issues and comments. Powell on the meeting is consistent with his recent testimony before Congress and did not address the expectations of monetary policy.

In the same vein, Fed Governor Powell reaffirmed that the course of monetary policy depends primarily on economic data and that members of the Federal Open Market Committee approve monetary policy as required by law to support maximum employment and price stability and that they rely in their decisions on careful analysis Objective, not political.

Last week, Powell noted the Fed's semi-annual testimony to Congress that his economy is in good shape, growth is moderate and the labor market is strong and he does not expect a looming economic catastrophe. This year, he said, adding that members of the Federal Reserve are currently assessing three rate cuts recently and their impact on the economy.

Technical Analysis

AUDUSD continues to fluctuate around 0.6800 and stabilizes below it, as long as the price is below 0.6840, our bearish outlook will remain intact, supported by moving below SMA 50, reminding that our awaited targets start at 0.6725 and extend to 0.6670.

Expected trading range for today is between 0.6750 support and 0.6840 resistance.

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 pair is trading above the level of 1.1075 amid weaker dollar, in anticipation of the minutes of the latest Fed’s monetary policy meeting and the speech by the ECB head Christine Lagarde this Friday.

The price is above the middle Bollinger bands, above SMA 5 and SMA 14. RSI is located below the overbought zone and moves horizontally. Stoch are above the level of 50% and intersecting turn up. 

Trading recommendations: 
If the pair holds above the level of 1.1075, there is a possibility of its limited growth to 1.1175.

The resistance level of 222 continues to hold back buyers. The pivot zone of 217.80 provides resistance to sellers. Breaking the level of 217.80 will result in the formation of a descending pattern 123. A bearish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals an exit from the overbought zone. 

Trading recommendations:
Sell Below 217.80.
For stop loss the resistance level of 222.10.
Target levels - 208.71; 196.38.

The resistance level of 1.1091 holds back buyers. Also, buyers did not overcome the 50% Fibonacci level. A Bearish divergence formed on the Awesome Oscillator indicator, while the Stochastic Oscillator indicator showed an exit from the overbought zone. The formation of a descending pattern will result in the formation of a Head and Shoulders reversal model.

Trading recommendations:
But strictly while the descending pattern is forming, where the wave AU breaks through the inclined channel of the ascending pattern, thereby completing it. 
Stop Loss at the resistance level 1.1091.
Target levels - 1.1000; 1.0920 (level 138.2% Fib from A D1).