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The pair has formed a double top reversal pattern and is trading above 1.1000. It may continue to decline following the release of data on the US inflation which is expected to grow stronger in monthly terms from 0.1% in September to 0.2% in October.

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 unfold upwards.

Trading recommendations:

If the inflation data is positive for the dollar, it can push the pair down below the level of 1.1000. In this case, it will continue to drop to 1.0965.

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session to witness the lowest since October 28 against the US dollar following the developments and economic data followed by Tuesday by the Australian economy and amid the lack of economic data by the US economy earlier this week .

At 04:33 am GMT, the AUDUSD fell 0.15% to 0.6841 levels, compared to the opening levels of 0.6851, after the pair reached its lowest level during the session at 0.6832, while the highest level at 0.6854.

The Australian National Bank's Business Confidence Index for October showed a widening of 2 vs. steady at zero levels in September, while the reading of the same index of confidence in the current situation showed an expansion to Worth 3 for 2 in September.

On Wednesday, markets are looking to reveal the wage price index, which reflects a slowdown in growth to 0.5% vs. 0.6% in the previous quarter. The annual reading of the index itself may also show a slowdown in growth to 2.2% vs. 2.3%. The Australian labor market data will be released tomorrow with the release of last month's Unemployment Rate and Employment Change.

On the other hand, investors are currently awaiting the outcome of the US President's speech at the Economic Club in New York, before witnessing the speech of the Deputy Governor of the Federal Reserve and Federal Open Market Committee Member Richard Clarda speech entitled "Monetary Policy, Price Stability and Bond Returns" at a conference sponsored by The Bank for International Settlements and the Federal Reserve as well as the Swiss National Bank in Switzerland.

This comes just hours before 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 tomorrow the first half of his semi-annual testimony on policy before the Financial Services Committee in the House of Representatives, before Powell will deliver after Tomorrow, the second half of his testimony before the Senate Banking Committee.

Technical Analysis

AUDUSD is testing the 50 MA now, waiting to cross this level to facilitate the price mission by achieving our negative targets starting at 0.6825 and extending to 0.6755.

In general, we will continue to favor the bearishness for the coming period unless breaching 0.6895 and holding above it.

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

Expected trend for today: Bearish

The single currency fluctuated in a narrow range against the US dollar during the Asian session to witness the bounce for the sixth session in nine sessions from the highest since October 21, when it tested the highest since August 14 against the US dollar on the eve of developments and economic data expected On Tuesday by the Eurozone economies amidst tight economic data earlier this week by the US economy.

At 05:33 am GMT the EURUSD fell 0.01% to 1.1032 levels from the opening at 1.1033, after the pair reached a session low of 1.1026, while the pair reached its highest at 1.1038.

Markets are looking to reveal a ZEW economic sentiment reading for both Germany and the Eurozone economies as a whole, which may reflect a contraction in deflation in Germany and the region as a whole to 13.2 and 11.5 versus 22.8 and 23.5 respectively in October. Yesterday the European Commission lowered its forecast for the pace of growth of the German economy and the economies of the euro area as a whole this year and next year.

On the other hand, investors are currently awaiting the outcome of the US President's speech at the Economic Club in New York, before witnessing the speech of the Deputy Governor of the Federal Reserve and Federal Open Market Committee Member Richard Clarda speech entitled "Monetary Policy, Price Stability and Bond Returns" at a conference sponsored by The Bank for International Settlements and the Federal Reserve as well as the Swiss National Bank in Switzerland.

This comes just hours before 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 tomorrow the first half of his semi-annual testimony on policy before the Financial Services Committee in the House of Representatives, before Powell will deliver after Tomorrow, the second half of his testimony before the Senate Banking Committee.

Technical Analysis

The EURUSD pair offered tight sideways trading yesterday, showing some slight bullish bias now, but still below 1.1065, to keep the negative effect of the double top pattern valid, supported by the negative pressure of SMA 50, and the negative signal from During stochastic.

Therefore, these factors encourage us to continue to favor the bearishness over the coming sessions, targeting mainly 1.0995 then 1.0950, while achieving it requires stability below 1.1065 and 1.1105 levels.

Expected trading range for today is between 1.0950 support and 1.1100 resistance

Expected trend for today: Bearish

Gold futures fluctuated in a narrow upward range during the Asian session to witness the rebound to the second session of the lowest since August 5 last, ignoring the rebound of the US dollar index for the sixth session in eight sessions from the lowest since the ninth of the same month according to the inverse relationship The US economy is in the middle of a tightening of economic data earlier this week, with the prospect of US President Donald Trump's speech in New York, particularly on the development of his country's trade talks with China.

Gold futures for December delivery rose 0.06% to trade at $ 1,456.80 an ounce compared to the opening at $ 1,455.90 an ounce, knowing that the contracts started the session on a falling price gap after the close of trading Yesterday at $ 1,457.10 an ounce, shrugging off the rise in the US dollar index 0.01% to 98.23 compared to the opening at 98.22.

Investors are now awaiting the outcome of the US president's speech at the New York Economic Club, before witnessing Fed Governor and Federal Open Market Committee member Richard Clarda delivering a speech entitled "Monetary Policy, Price Stability and Bond Returns" at a conference sponsored by the Bank for International Settlements and Bank Federal Reserve as well as the Swiss National Bank in Switzerland.

This comes just hours before 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 tomorrow the first half of his semi-annual testimony on policy before the Financial Services Committee in the House of Representatives, before Powell will deliver after Tomorrow, the second half of his testimony before the Senate Banking Committee.

Technical Analysis

Gold has managed to reach our first awaited target at 1447.00 and stabilizes near it, and the price is under continuous negative pressure coming from SMA 50, which supports the extension of the bearish corrective trend over the coming period, noting that breaking the mentioned level will press the price to visit 1413.10 as a stop. Next corrective.

Therefore, we will continue to favor the bearishness over intraday and short term basis, organized inside the descending channel that appears in the picture, unless the price rushes to breach the 1489.00 level and hold above it.

Expected trading range for today is between 1440.00 support and 1465.00 resistance

Expected trend for today: Bearish

Google was able to reach the level of 1318.50 thus achieving the target for the bullish move. 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 has reached overbought territory and has come out of the downside, so we are likely to see a bearish correction in the price action of Google.

The general direction of movement is: bullish

The US dollar fluctuated in a narrow, bullish range during the Asian session against the Japanese yen following the developments and economic data that followed on Tuesday on the Japanese economy and amid the scarcity of economic data earlier this week by the US economy, the largest economy in the world and looking forward to the speech of US President Donald Trump in New York.

At 06:03 AM GMT the USDJPY rose 0.12% to 109.18 levels from the opening levels of 109.18, after hitting a session high of 109.21 and a low of 108.99.

The Japanese economy followed the release of the preliminary annual reading of the Machinery Equipment Orders which showed a decline to 37.4% versus 35.5% in September. This came hours after the Bank of Japan released its Summary Report which said the bank should The Japanese central bank will provide explanations for the move towards lowering interest rates and adopting further stimulus if there is a potential to weaken inflation growth momentum. The Bank of Japan should clarify a position on the continuation of a strong monetary easing program.

On the other hand, investors are currently awaiting the outcome of the US President's speech at the Economic Club in New York, before witnessing the speech of the Deputy Governor of the Federal Reserve and Federal Open Market Committee Member Richard Clarda speech entitled "Monetary Policy, Price Stability and Bond Returns" at a conference sponsored by The Bank for International Settlements and the Federal Reserve as well as the Swiss National Bank in Switzerland.

This comes just hours before 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 tomorrow the first half of his semi-annual testimony on policy before the Financial Services Committee in the House of Representatives, before Powell will deliver after Tomorrow, the second half of his testimony before the Senate Banking Committee.

Technical Analysis

USD / JPY is based on SMA 50 and rebounds upwards, approaching 109.33 again, and we see that the Stochastic is providing positive signals that support the chances of breaching the mentioned level and then rush to achieve further rallies in the coming period, whose targets reach 110.50. .

From here, the bullish trend will remain intact for today, organized within the ascending channel shown in the picture, while recalling the importance of stability above 108.40 to continue the expected rise.

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

Expected trend for today: Bullish

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.

Gold remains under pressure due to the decreasing demand for defensive assets, nearing the low of October 1st of this year. This trend will continue in the short term, if Donald Trump makes positive remarks concerning a new US-China trade deal at the Economic Club of New York today.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located in the oversold zone and gradually decreases. Stoch are also reduced.

Trading recommendations:

Sell gold either on a pullback from 1458.70, or after the price drops below the level of 1448.65 with local targets of 1444.50 and 1436.85

The stock is trading in the range of the round important level of 52.00. The round secondary level of 51.80 holds back sellers. A bullish divergence has formed on the MACD , and the Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy strictly above the round secondary level 52.20 as the upward pattern 123 is forming.

Stop Loss under the round minor level 51.80.

Target levels-52.80; 53.20.

The overall trend for the currency pair is downward, as evidenced by the 365 and 135 moving averages. The movings are directed downwards on the daily timeframe 5 and 22, and the currency pair is trading in the range of moving averages. A bearish divergence has formed on the Awesome Oscillator indicator, while the Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

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

Stop Loss-1.6140.

Target levels - 1.6020; 1.5980; 1.5900.