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Aeroflot share reached the resistance of SMA 50 as the average halted the bullish movement of the stock. After the price crossed the first resistance at 38.2% Fibonacci retracement.

The price is moving under the positive effect of the 7-20 MAs that form support levels.

Stochastic is on an uptrend after exiting the oversold area, which affects the price action and pushes it to test 106.90 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.

The US dollar fluctuated in a narrow uptrend range during the Asian session to witness the highest since early August, when it tested the highest since late May against the Japanese yen following the developments and economic data that followed from the Japanese economy and on the eve of developments and economic data on Tuesday By the US economy which includes the launch of the FOMC meeting.

At 05:40 am GMT, the US dollar against the Japanese yen rose 0.03% to 108.98 levels compared to the opening levels at 108.95, after the pair reached its highest level in three months at 109.07, while the pair achieved the lowest during the trading session at 108.94.

The Japanese economy followed the release of inflation data with the release of the Tokyo Consumer Price Index (CPI) which showed growth steady at 0.4% unchanged from the previous month's reading in September, worse than expectations for accelerating growth to 0.7%. The core annual reading of the same index, which excludes fresh food, stabilizes growth at 0.5%, also worse than expectations of 0.7%.

In the same context, the core annual reading of Tokyo's consumer price index, excluding fresh food and energy, accelerated growth to 0.7%, in line with expectations, against 0.6% in September. Otherwise, markets are eyeing the BOJ policymakers' monetary policy decisions and trends and unveiling a statement. Bank of Japan monetary policy on Thursday, ahead of the upcoming press conference of Bank of Japan Governor Haruhiko Kuroda.

On the other hand, investors are currently awaiting the US economy, the largest economy in the world to disclose the housing market data with the release of the annual reading of the S&P House Price Index, which may show the acceleration of growth to 2.1% compared to 2.0% last July, before the We see the release of Existing Home Sales which may show a slowdown in growth to 0.9% vs. 1.6% in August.

This comes in conjunction with the release of the Consumer Confidence reading, which may show an expansion to 128.2 vs. 125.1 in September, leading to the start of the meeting of the Federal Open Market Committee in Washington, which is expected to cut interest rates on federal funds by 25 basis points For the third consecutive meeting to between 1.50% and 1.75%.

In the same context, the markets are looking forward on Wednesday after the end of the second day of the meeting of the Federal Open Market Committee about half an hour of the upcoming press conference of the Federal Reserve Governor Jerome Powell, which will present the decisions and directions of the Federal Reserve Committee, before opening the field for media questions. At the same time, US President Donald Trump has called for further stimulus and interest rate cuts.

Powell noted earlier that the risks to the US economy, including the uncertainty over the trade war between Washington and Beijing, and the dossier of the UK's exit from the European Union, and Trump yesterday expressed his expectations for a trade agreement with China during the Asia-Pacific Economic Cooperation summit. The APEC (APEC) next month, along with Brussels's agreement yesterday to extend the Brexit deadline, limits the chances of a rate cut at the Fed meeting.

Otherwise, investors are also looking ahead tomorrow to reveal the preliminary GDP reading for the US for the third quarter, which may show a slower pace of growth for the world's largest economy to 1.6% vs. 2.0% in the second quarter, and may reflect the preliminary reading of GDP measured in prices For the last quarter, growth slowed to 1.8% from 2.4% in the second quarter.

On Wednesday, the US labor market is set to release preliminary data, with the release of the private sector employment change, which may reflect a slower pace of job creation to 125,000 jobs versus 135,000 in September, hours before the release. On the monthly report on non-farm payrolls and unemployment rates plus hourly earnings for October.

Technical Analysis

USDJPY offered positive trading yesterday to approach our first awaited target at 109.33, reinforcing expectations for the continuation of the bullish trend over the coming sessions, as the price moves inside the ascending channel shown, which supports the chances of breaching the mentioned level to open the way for a visit to 110.50 next.

Google shares rose to close to 1289.76, the highest price in history, achieved in April, where the price will still move within the rising channel.

The price is moving above the 20-7-50 moving averages that form support levels and press it to rise.

Stochastic has reached the overbought area and will try to press the price to rise further.

The general direction of movement is: bullish.

Gold futures fluctuated in a narrow range tilted lower during the Asian session to witness the rebound for the third consecutive session from the highest since October 10 amid the positive stability of the US dollar index according to the inverse relationship between them on the eve of developments and economic data expected on Tuesday before The US economy, which includes the start of the FOMC meeting, in the shadow of optimism about the chances of reaching a trade agreement between Washington and Beijing and following the extension of the Brexit deadline.

At 03:24 am GMT, gold futures for December delivery fell 0.4% to trade at $ 1,491.50 an ounce compared to the opening at $ 1,491.90 an ounce, with the US dollar index up 0.03% to 97.78 compared to the opening at 97.75.

Investors are currently awaiting the US economy to release the housing market data with the release of the annual S&P House Price Index which may show growth accelerated to 2.1% from 2.0% in July, before we see the release of existing home sales. It may show a slowdown in growth to 0.9% versus 1.6% last August.

This comes in conjunction with the release of the consumer confidence index, which may show an expansion to 128.2 vs. 125.1 last September, leading to the start of the meeting of the Federal Open Market Committee in Washington, which is expected to cut interest rates on federal funds by 25 points The basis for the third consecutive meeting is between 1.50% and 1.75%.

In the same context, the markets are looking forward on Wednesday after the end of the second day of the meeting of the Federal Open Market Committee about half an hour of the upcoming press conference of the Federal Reserve Governor Jerome Powell, which will present the decisions and directions of the Federal Reserve Committee, before opening the field for media questions. At the same time, US President Donald Trump has called for further stimulus and interest rate cuts.

Powell has already noted that the risks to the US economy are the uncertainty over the US-China trade war and the Brexit dossier. Trump yesterday expressed his expectation of a trade deal with China at the Asia-Pacific Economic Cooperation summit. APEC next month in Chile, as well as Brussels' agreement yesterday to extend the Brexit until January 31, limits the chances of a rate cut at the Fed meeting.

Otherwise, investors are also looking ahead tomorrow to reveal the preliminary GDP reading for the US for the third quarter, which may show a slower pace of growth for the world's largest economy to 1.6% vs. 2.0% in the second quarter, and may reflect the preliminary reading of GDP measured in prices For the last quarter, growth slowed to 1.8% from 2.4% in the second quarter.

On Wednesday, the US labor market is set to release preliminary data, with the release of the private sector employment change, which may reflect a slower pace of job creation to 125,000 jobs versus 135,000 in September, hours before the release. On the monthly report on non-farm payrolls and unemployment rates plus hourly earnings for October.

Technical Analysis

The price of gold stabilizes at the pivotal support of 1489.00, and the price maintains its stability above it so far, accompanied by the emergence of clear signs of saturation in selling through the stochastic indicator, waiting to stimulate the price to resume the expected bullish trend for the next period, which initially targets 1535.00.

Keep in mind that breaching 1489.00 and holding below it will stop the positive scenario and press the price to return to the bearish corrective path again.

Expected trading range for today is between 1480.00 support and 1510.00 resistance

Expected trend for today: Bullish

The single currency of the European Union fluctuated in a narrow range tilted to decline during the Asian session to witness the bounce for the fifth session in seven sessions from its highest since August 14 against the US dollar amid the lack of economic data from the euro-zone economies and on the eve of developments and economic data expected today Tuesday by the US economy which includes the launch of the FOMC meeting.

At 04:27 AM GMT, the EURUSD fell 0.05% to 1.1095 levels compared to the opening at 1.1100, after the pair reached a session low of 1.1091, while the pair reached its highest at 1.1103.

At the weekend, we followed up with the President of the Council of Europe, Donald Tusk, saying that the UK's request for a three-month extension of the Brexit had been approved until 31 January 2020. In the same vein, the Prime Minister sent British Prime Minister Boris Johnson said in a letter to the president of the European Council that his government had formally approved the decision to extend the deadline for exit from the EU.

On the other hand, investors are awaiting the US economy to release housing market data with the release of the annual reading of the S&P House Price Index, which may show the acceleration of growth to 2.1% compared to 2.0% in July, before we see the release of sales Existing homes may show slower growth to 0.9% versus 1.6% in August.

This comes in conjunction with the release of the consumer confidence index, which may show an expansion to 128.2 vs. 125.1 last September, leading to the start of the meeting of the Federal Open Market Committee in Washington, which is expected to cut interest rates on federal funds by 25 points The basis for the third consecutive meeting is between 1.50% and 1.75%.

In the same context, the markets are looking forward on Wednesday after the end of the second day of the meeting of the Federal Open Market Committee about half an hour of the upcoming press conference of the Federal Reserve Governor Jerome Powell, which will present the decisions and directions of the Federal Reserve Committee, before opening the field for media questions. At the same time, US President Donald Trump has called for further stimulus and interest rate cuts.

Powell noted earlier that the risks to the US economy were the uncertainty over the US-China trade war and the UK's exit from the EU. Trump yesterday expressed his expectation of a trade deal with China at the Asia Economic Cooperation Summit. The Pacific (APEC) next month in Chile, along with Brussels's agreement yesterday to extend Britain's exit again, limits the chances of a rate cut at the Fed meeting.

Otherwise, investors are also looking ahead tomorrow to reveal the preliminary GDP reading for the US for the third quarter, which may show a slower pace of growth for the world's largest economy to 1.6% vs. 2.0% in the second quarter, and may reflect the preliminary reading of GDP measured in prices For the last quarter, growth slowed to 1.8% from 2.4% in the second quarter.

On Wednesday, the US labor market is set to release preliminary data, with the release of the private sector employment change, which may reflect a slower pace of job creation to 125,000 jobs versus 135,000 in September, hours before the release. On the monthly report on non-farm payrolls and unemployment rates plus hourly earnings for October.

Technical Analysis

EUR / USD is finding strong resistance at 1.1105, affected by the negativity of Stochastic and SMA 50, which may push the price to test 1.1065 over the coming sessions.

In general, we continue to favor the bullish trend unless it breaches the 1.1065 level and hold below it, as a breach will force the price to make further bearish correction and visit areas of 1.0995 initially, while a breach of 1.1105 is required to confirm the continuation of the bullish trend whose first target is located at 1.1180.

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

Expected trend for today: Bullish

The Aussie fluctuated in a narrow, bullish range during the Asian session to see its 12th rebound in 20 sessions from its lowest since March 18, 2009 against the US dollar as the Reserve Bank of Australia Governor Philip Lowe gives a speech titled “Some Echoes of Melville” In an annual public lecture hosted by the Australian National University in Canberra and on the eve of developments and economic data expected Tuesday by the US economy, which includes the start of the meeting of the Federal Open Market Committee.

At 02:12 am GMT, the Australian dollar against the US dollar rose 0.12% to 0.6846 levels compared to the opening levels at 0.6838, after the pair reached its highest level during the trading session at 0.6847, while the pair achieved the lowest at 0.6836.

Investors are currently awaiting the US economy to release the housing market data with the release of the annual S&P House Price Index which may show growth accelerated to 2.1% from 2.0% in July, before we see the release of existing home sales. It may show a slowdown in growth to 0.9% versus 1.6% last August.

This comes in conjunction with the release of the Consumer Confidence reading, which may show an expansion to 128.2 vs. 125.1 last September, leading to the start of the meeting of the Federal Open Market Committee in Washington, which is expected to reduce the interest rate on federal funds by 25 points The basis for the third consecutive meeting is between 1.50% and 1.75%.

In the same context, the markets are looking forward on Wednesday after the end of the second day of the meeting of the Federal Open Market Committee about half an hour of the upcoming press conference of the Federal Reserve Governor Jerome Powell, which will present the decisions and directions of the Federal Reserve Committee, before opening the field for media questions. At the same time, US President Donald Trump has called for further stimulus and interest rate cuts.

Powell has already noted that the risks to the US economy are the uncertainty over the US-China trade war and the Brexit dossier. Trump yesterday expressed his expectation of a trade deal with China at the Asia-Pacific Economic Cooperation summit. APEC next month in Chile, as well as Brussels' agreement yesterday to extend the Brexit until January 31, limits the chances of a rate cut at the Fed meeting.

Otherwise, investors are also looking ahead tomorrow to reveal the preliminary GDP reading for the US for the third quarter, which may show a slower pace of growth for the world's largest economy to 1.6% vs. 2.0% in the second quarter, and may reflect the preliminary reading of GDP measured in prices For the last quarter, growth slowed to 1.8% from 2.4% in the second quarter.

On Wednesday, the US labor market is set to release preliminary data, with the release of the private sector employment change, which may reflect a slower pace of job creation to 125,000 jobs versus 135,000 in September, hours before the release. On the monthly report on non-farm payrolls and unemployment rates plus hourly earnings for October.

Technical Analysis

AUDUSD is resuming its positive trading after moving on SMA 50, where the bullish scenario remains valid for the coming period, supported by the positive signal provided by Stochastic now, waiting for the direction towards 0.7015, which is our next main target.

Note that the continuation of the expected rise requires stability above 0.6785.

Expected trading range for today is between 0.6810 support and 0.6900 resistance

Expected trend for today: Bullish

The currency pair is trading in the range of 135 and 365 moving averages. The overall movement is upward. The downward construction ended with the breakthrough of the inclined channel. The breakout of 109.62 will result the formation of an H1 level ascending structure within the ascending wave (C) of the H12 level.

Trading recommendations:

Buy above 109.62.

Stop loss – 109.00.

Target levels – 110.20; 110.50; 111.77.

The support level of 102.50 continues to hold back sellers. A hummer reversal pattern formed from this level, and Awesome Oscillator indicator shows bullish divergence. The completion of the descending pattern will provide an opportunity for further growth of the company's value.

Trading recommendations:

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

Stop loss under the support level 102.50.

Target levels – 106.0; 107.8.

The pair is trading above 1.1085, remaining under pressure caused by the expected pause in the interest rate cut by the Fed and, on the other hand, the expansion of the economic stimulus measures by the ECB with the appointment of a the new president Christine Lagarde.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and is declining. Stoch have turned down.

Trading recommendations:

Sell the pair after its decline below 1.1085 with a likely target of 1.1030.