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The pair is trading below 1.1000 due the pause in the Fed's interest rate cut and the expectated continuation of the very soft monetary policy of the ECB. The revival of monthly consumer inflation in the States was also a motivator for the decline.

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 decline.

Trading recommendations:

Sell the pair with local targets of 1.0965 and 1.0940.

The positive sentiment in the stock market is fading. Investors initially believed that the US-China trade war was over, but Donald Trump indicated the contrary at New York Economic Club. 

Intel shares tested April’s maximum in the range of 59 dollars. The support level of 57.38 holds back sellers. A bearish divergence has been formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator have left the overbought zone and are directed downwards. Breaking through the support level 57.38, will result in the formation of a descending pattern 123.

Trading recommendations:

Sell Below 57.38.

A Stop Loss of 58.77.

Target levels - 55.60; 53.31.

The US dollar fluctuated in a narrow uptrend during the Asian session against the Japanese yen following the economic developments and data that followed from the Japanese economy and on the eve of developments and economic data expected on Wednesday by the US economy, which includes the testimony of the Federal Reserve Governor Jerome Powell before Congress in Washington.

At 06:07 AM GMT, the USDJPY rose 0.08% to 109.10 levels from the opening levels of 109.01, after hitting a session high of 109.11, while reaching a low of 108.87.

The Japanese economy followed the release of inflation data with the release of the producer price index, which is a preliminary indicator of inflationary pressures, which showed 1.1% growth versus steady at zero levels last September, below expectations for a growth of 1.2%, while the annual reading showed The index itself shrank deflation to 0.4% from 1.1% in September, also worse than expectations for a contraction of 0.3%.

On the other hand, investors are awaiting the US economy to release inflation data with the release of the CPI reading which may reflect the acceleration of growth to 0.3% versus the steady zero in September, while the core reading of the same indicator may show growth accelerated to 0.2% vs. 0.1 The annualized reading of the index may show growth stabilizing at 1.7%, while the core annual reading of the index may reflect the stability of growth at 2.4%.

This comes before we see the start of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress in Washington, where he is expected to give the first half of his semi-annual testimony on policy to the Financial Services Committee in the House of Representatives, before we witness the US Treasury disclosure On the reading of the federal budget for the month of October.

Technical Analysis

USD / JPY is back to fluctuate at SMA 50 after testing 109.33 yesterday, accompanied by the arrival of stochastic to oversold areas, waiting for the price to stimulate the resumption of the bullish inclination to breach the mentioned level and confirm the extension of the bullish wave in the intraday and short term, noting that our target The following is at 110.50.

Therefore, we continue to favor the bullish trend provided it holds above 108.40, depending on the regularity of the trading within the ascending channel shown in the above chart.

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

Expected trend for today: Bullish.

Gold futures fluctuated in a narrow and bullish range during the Asian session to witness the rebound to the second session of the lowest since August 2 amid the rebound of the US dollar index for the second session from the highest since October 15, according to the inverse relationship on the cusp Economic developments and data expected on Wednesday by the US economy, including the testimony of the Federal Reserve Governor Jerome Powell before Congress in Washington and in the shadow of the market pricing of the developments of trade talks.

Gold futures for December delivery rose 0.31% to trade at $ 1,461.00 an ounce compared to the opening at $ 1,456.50 an ounce, knowing that the contracts started the session on a bullish gap after the close of trading Yesterday at $ 1,453.70 an ounce, with the US dollar index down 0.01% to 98.32 compared to the opening at 98.33.

Investors in the US economy are awaiting the release of inflation data with the release of the CPI reading, which may reflect an acceleration of growth to 0.3% vs. steady at zero in September, while the core reading of the same index may show growth accelerated to 0.2% vs. 0.1%, in An annualized reading of the index may show growth stabilizing at 1.7%, and a core annual reading of the index may reflect a stable growth of 2.4%.

This comes before we see the start of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress, where he is expected to give the first half of his semi-annual testimony on monetary policy before the Financial Services Committee in the House of Representatives, before we witness the US Treasury disclosure Read the federal budget for the month of October.

Yesterday, President Donald Trump told the Economic Club in New York that Beijing had cheated on trade agreements with Washington and that it had developed into its economy at the expense of American workers while casting a color on former US presidents who had not paid attention to it. He noted that the first phase of the final trade agreement with China is expected to be concluded soon, without specifying a date.

Last Saturday, US President Donald expressed that trade talks with China were going "very well" and that Beijing wanted a "much more than me" trade deal, which was more optimistic about his recent remarks when he denied the White House last Friday. Agreement to abolish existing tariffs, noting that Washington will not agree to a complete retreat from imposing tariffs on Chinese goods.

Chinese Ministry of Commerce spokesman Gao Feng Noh said last Thursday that Beijing and Washington agreed to eliminate some tariffs based on each other's goods at the same time, pointing out that both sides are closer to "the first phase of the trade agreement after constructive negotiations over the past two weeks." According to Chinese state media at the time.

A US official also confirmed that both the United States and China had agreed to abolish tariffs, adding that the planned plan faces fierce domestic opposition in the White House, according to a Reuters report, hours after the report touched on last week. Postponement of the signing of the initial trade agreement between the United States and China until next month.

It is worth mentioning that some of the report recently mentioned that the upcoming meeting between the US president and his Chinese counterpart to sign an interim trade agreement may be postponed to December amid the US and Chinese discussion of the terms of the agreement and the place where the two presidents will gather. The last meeting to sign the agreement after the meeting of the North Atlantic Treaty Organization scheduled for early next month.

Technical Analysis

Gold has not been able to break 1447.00, bouncing up on its way to a potential test of 1489.00, which makes us likely to see further rallies today, noting that we will be waiting for a bearish bounce from the target areas to resume the bearish correction again.

On the other hand, it should be noted that breaching 1447.00 will stop the suggested rally and press the price down towards 1413.10 directly.

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

Expected trend for today: Bullish

The single currency fluctuated in a narrow, bullish range during the Asian session to witness its rebound for the second session since October 15 against the US dollar on the eve of developments and economic data expected on Wednesday by the euro zone and the US economy, which includes the testimony of Bank Governor Federal Reserve Jerome Powell before Congress in Washington.

At 05:33 am GMT, the EUR / USD rose 0.06% to 1.1016, the pair's highest level during the session, compared to the opening at 1.1009, while the pair reached its lowest level at 1.1007.

Germany is awaiting the release of the final CPI reading, which could reflect a stable growth of 0.1%, little changed from the prior initial reading for October and steady travel levels in September, before we see the economies of the region. The euro as a whole revealed the seasonally adjusted industrial production index which may show a 0.2% decline versus a 0.4% rise in August.

On the other hand, investors are awaiting the US economy to release inflation data with the release of the CPI reading which may reflect the acceleration of growth to 0.3% versus the steady zero in September, while the core reading of the same indicator may show growth accelerated to 0.2% vs. 0.1 The annualized reading of the index may show growth stabilizing at 1.7%, while the core annual reading of the index may reflect the stability of growth at 2.4%.

This comes before we see the start of the semi-annual testimony of the Federal Reserve Governor Jerome Powell before the US Congress in Washington, where he is expected to give the first half of his semi-annual testimony on policy to the Financial Services Committee in the House of Representatives, before we witness the US Treasury disclosure On the reading of the federal budget for the month of October.

Technical Analysis

EUR / USD approached the 1.0995 level yesterday, and is showing some slight bullish bias now affected by the positive Stochastic, and may test 1.1030 before returning to the downside again.

In general, we continue to favor the bearishness for the coming period unless breaching 1.1065 and holding above it, supported by SMA 50, noting that our next target is at 1.0950.

Expected trading range for today is between 1.0930 support and 1.1080 resistance

Expected trend for today: Bearish

AUDUSD stabilizes at SMA 50, and as long as the price is below 0.6895, our bearish outlook will remain valid for today, as a breach through this level will push the price for intraday gains up to 0.7015, while the suggested bearish wave targets will be located at 0.6825 then 0.6755.

Expected trading range for today is between 0.6780 support and 0.6880 resistance.

Expected trend for today: Bearish.

Aeroflot shares exited the ascending channel, which reached 103.99 support at 28.2% Fibonacci retracement.

The price is moving below SMA 20 while SMA 50 is still a support for the price.

Stochastic is in a downtrend and is approaching the oversold area, which negatively affects the price action and pushes it to test the support level of 103.99.

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 support level of 85570 held back sellers. A descending truncated structure formed. Bullish divergence has formed on Awesome Oscillator and Stochastic Oscillator indicator is in oversold zone.

Trading recommendations:

Buy a pair strictly while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss below the support level 0.8557.

Target levels - 0.8647; 0.8720; 0.8800.

The stock is trading in a flat range. The support level of 1765.0 holds back sellers, as the resistance level of 1786.0 holds back buyers. Stochastic Oscillator showed an exit from the oversold zone. Breaking through the resistance level 1786.0 will result in the formation of an upward pattern 123.

Trading recommendations:

Buy Above 1786.0.

Stop Loss – 1765.0.

Target levels - 1814.0; 1850.0.