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SberBank  had  managed to breach the resistance of 235.74 and continue the upside move with a target of 244.68.

The price is moving in an uptrend with positive support from all moving averages that move below the price and give it stability for the continuation of the rise.

The price is moving above the 20-50-7 moving averages, which have become bullish below the price and form support levels.

The Stochastic is moving sideways within the overbought zone which will push the price higher further.

The general trend is to the upside.

The US dollar fluctuated in a narrow and bullish range during the Asian session to witness the rebound for the third session in four sessions from the lowest since October 15 against the Japanese yen following the developments and economic data that followed from the Japanese economy, the world's third largest economy and on the threshold of developments. The economic data expected on Monday by the US economy is the largest in the world.

At 06:18 am GMT, the USDJPY rose 0.06% to 108.73 levels from the opening levels of 108.67, the pair's lowest level during the session, while the pair reached its highest level during the session at 108.79.

The Japanese economy followed the release of the annual Services Price Index which showed growth steady at 0.5%, little changed from last August, in line with expectations. Otherwise, markets are looking for the decisions and direction of monetary policy makers at the Bank of Japan and the release of the policy statement. The Bank of Japan (BoJ) is due to hold a press conference on Thursday ahead of a press conference by Bank of Japan Governor Haruhiko Kuroda in Tokyo.

On the other hand, investors are currently awaiting the US economy to reveal the initial reading of the wholesale inventory index which may reflect the acceleration of the pace of growth to 0.3% vs. 0.2% in August. $ 73.5 billion compared to $ 72.8 billion in August.

On the other hand, markets are looking forward to the opening of the Federal Open Market Committee meeting in Washington tomorrow, which is expected to cut the federal funds rate by 25 basis points for the third consecutive meeting to between 1.50% and 1.75% before the upcoming press conference of the Governor of the Bank. Federal Reserve Jerome Powell on Wednesday, following US President Donald Trump's call for further stimulus and rate cuts.

Investors are also looking to unveil the preliminary third quarter GDP for the United States on Wednesday, which could show a slowing pace of growth for the world's largest economy to 1.6% versus 2.0% in the second quarter. The quarterly growth slowed to 1.8% from 2.4% in the second quarter.

Preliminary data on the US labor market is also expected to be released on Wednesday 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. Monthly Non-Farm Payrolls and Unemployment Rate plus Hourly Income for October.

Technical Analysis

USDJPY is starting to provide quiet positive trading today, in an attempt to resume the expected bullish trend for the coming period, which is continuously supported by SMA 50, and we believe that the path is open to our key target at 109.33.

Therefore, we hold onto our bullish outlook provided that stability is above 108.40, noting that breaching the target will extend the bullish wave to 110.50 as the next stop.

Expected trading range for today is between 108.20 support and 109.50 resistance

Expected trend for today: Bullish

Gold futures fluctuated in a narrow range tilted lower during the Asian session to witness the second consecutive rebound 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 Monday before The US economy is the world's largest and following the report, which touched on the progress of trade talks between the United States and China and hope for a deal later this year.

At 04:45 am GMT gold prices rose 15% to trade at $ 1,504.77 an ounce compared with the opening at $ 1,502.41 an ounce, with the US dollar index 0.01% to 97.86 compared to the opening at 97.85.

Investors are currently awaiting the US economy's preliminary reading of the Wholesale Inventories Index, which may reflect accelerating growth to 0.3% vs. 0.2% in August. Meanwhile, the Trade Balance of Goods Index showed the deficit widened to $ 73.5 billion versus $ 72.8 billion in August came hours after the report boosted the chances of completing the first phase of the US-China trade deal at the Asia-Pacific Economic Cooperation (APEC) summit in Chile next month.

On Tuesday, markets are looking ahead to the opening of the FOMC meeting in Washington, which is expected to cut interest rates on Fed funds by 25 basis points for the third consecutive meeting to between 1.50% and 1.75% ahead of the upcoming Bank Governor's press conference. Federal Reserve Jerome Powell on Wednesday, following US President Donald Trump's demand for further stimulus and rate cuts.

Investors are also looking to unveil the preliminary third quarter GDP for the United States on Wednesday, which could show a slowing pace of growth for the world's largest economy to 1.6% versus 2.0% in the second quarter. The quarterly growth slowed to 1.8% from 2.4% in the second quarter.

Preliminary data on the US labor market is also expected to be released on Wednesday 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. Monthly Non-Farm Payrolls and Unemployment Rate plus Hourly Income for October.

Technical Analysis

The price of gold conducted a retest of the breached resistance of the descending channel and maintained its stability above it, in conjunction with the arrival of stochastic to oversold areas, waiting to stimulate the price to resume the rise in the coming sessions.

Therefore, the bullish scenario will remain intact over intraday basis, targeting 1535.00 then 1555.00 mainly, noting that breaching 1489.00 will stop the suggested rally and press the price to return to the bearish corrective path again.

Expected trading range for today is between 1490.00 support and 1520.00 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 six sessions from the highest since August 14 against the US dollar on the eve of developments and economic data expected on Monday The largest economy in the world.

At 05:20 AM GMT the EURUSD fell 0.01% to 1.1081 levels compared to the opening at 1.1082, after the pair reached its lowest level during the session at 1.1076, while the pair achieved the highest at 1.1086.

Markets from Germany, the euro zone's largest economy, are eyeing the import price index, which may reflect a rise of 0.1% versus a decline of 0.6% last August. Both showed stable growth of 3.4% and 5.7%, respectively, unchanged from the prior August reading.

Otherwise, markets are awaiting the European Union's decision on the British government's recent request to extend the UK's exit from the EU by three months, the end of January. The EU decision was supposed to be unveiled last Friday. But EU ambassadors did not reach agreement on the extension period at the time.

French President Emmanuel Macron recently asked for a maximum extension of Britain's exit from the European Union until November 15, saying he wanted to increase pressure on the British parliament to support Prime Minister Boris Johnson's recent exit deal with the EU. Brussels, he said, feared that prolonging the exit timeframe for a long time could again lead to the possibility of an exit scenario without agreement.

British Prime Minister Johnson noted last Thursday that he would allow the British parliament enough time to discuss the UK's Brexit agreement and exit timetable if a general election is approved on December 12, adding that he expects EU leaders agree to an extension beyond 31 October.

If the EU decides to extend the deadline for Brexit for a short period of two weeks or a month, until mid-November or the end of next month, Prime Minister Johnson may work to pass his exit agreement with Brussels again through the British Parliament. In the case of a three-month extension, Johnson is expected to call parliament to vote on early general elections.

On the other hand, investors are currently awaiting the US economy to reveal the initial reading of the wholesale inventory index which may reflect the acceleration of the pace of growth to 0.3% vs. 0.2% in August. $ 73.5 billion compared to $ 72.8 billion in August.

On the other hand, markets are looking ahead to Tuesday's opening of the FOMC meeting in Washington, which is expected to cut the federal funds rate by 25 basis points for the third consecutive meeting to between 1.50% and 1.75% ahead of the Bank Governor's upcoming press conference. Federal Reserve Jerome Powell on Wednesday, following US President Donald Trump's demand for further stimulus and rate cuts.

Investors are also looking to unveil the preliminary third quarter GDP for the United States on Wednesday, which could show a slowing pace of growth for the world's largest economy to 1.6% versus 2.0% in the second quarter. The quarterly growth slowed to 1.8% from 2.4% in the second quarter.

Preliminary data on the US labor market is also expected to be released on Wednesday 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. Monthly Non-Farm Payrolls and Unemployment Rate plus Hourly Income for October.

Technical Analysis

EURUSD faced additional negative pressure to breach the 1.1105 level and approach the pivotal support of 1.1065.As noted in our recent reports, the price needs to hold above this level to keep the positive scenario valid for the coming period, as breaking it will push the price for further bearish correction and target 1.0995 levels initially. .

Now, the price needs to breach through 1.1105 to confirm the resumption of the bullish trend, supported by the positive signal provided by Stochastic, with the first major positive target at 1.1180.

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 bounce for the fourth session in five sessions from the highest since September 16 last against the US dollar amid the lack of economic data by the Australian economy earlier this week and on the eve of developments and economic data expected Monday by the US economy the largest economy in the world.

At 03:08 AM GMT, the AUDUSD fell 0.10% to 0.6816 levels from the opening levels of 0.6823, after the pair reached its lowest level during the session at 0.6812, while the pair achieved the highest at 0.6829.

Investors are awaiting the US economy's preliminary reading of the Wholesale Inventories Index, which may reflect accelerating growth to 0.3% vs. 0.2% in August. Meanwhile, the Trade Balance of Goods Index showed the deficit widened to $ 73.5 billion versus $ 72.8 billion in August comes hours after the report touched on the progress of US-China trade talks last weekend.

On Tuesday, markets are looking ahead to the opening of the Federal Open Market Committee meeting 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% ahead of the Bank Governor's upcoming press conference. Federal Reserve Jerome Powell on Wednesday, following US President Donald Trump's demand for further stimulus and rate cuts.

Investors are also looking to unveil the preliminary third quarter GDP for the United States on Wednesday, which could show a slowing pace of growth for the world's largest economy to 1.6% versus 2.0% in the second quarter. The quarterly growth slowed to 1.8% from 2.4% in the second quarter.

Preliminary data on the US labor market is also expected to be released on Wednesday 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. Monthly Non-Farm Payrolls and Unemployment Rate plus Hourly Income for October.

Technical Analysis

The AUDUSD pair is based on SMA 50, which is a good intraday support floor, accompanied by stochastic reaching the edge of oversold areas, which supports the chances of resuming the expected bullish trend for the coming period, targeting mainly 0.7015.

Therefore, the positive scenario will remain valid and effective unless 0.6785 is broken and remains below it.

Expected trading range for today is between 0.6780 support and 0.6860 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 currency pair is trading in the range of 135 and 365 moving averages directed upwards. The downward construction of the H1 level is truncated, and a bullish divergence is formed on Awesome Oscillator indicator.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending structure of the level H1 and H2.

Stop loss – 0.6800.

Target levels – 0.6880; 0.6919.

The moving average 135 crossed the 365 upwards which indicates the presence of the upward movement. The expected correction is held back by the support level of 7.050. The trend line built on the downward movement is broken, and Stochastic Oscillator indicator signals oversoldness. The pivot zone of 7.224 holds back buyers.

Trading recommendations:

Buy after fixing the price above the pivot zone 7.224.

Stop loss – 7.050.

Target levels – 7.360; 7.680.

The pair is trading above 1.1070, slightly correcting upwards after Friday's drop. It may rise to 1.1100 in anticipation of the final Fed’s decision on monetary policy this  Wednesday.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% and rising. Stoch are out of the oversold zone.

Trading recommendations:

Sell the pair on the local growth from the level of 1.1100 or after its decline below the level of 1.1070 with a likely target of 1.1050.

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 fourth session in five sessions from the highest since August 14 against the US dollar on the eve of developments and economic data expected on Friday by the largest economies of the euro zone Germany The US economy is the largest in the world.

At 05:14 am GMT, EUR / USD fell 0.02% to 1.1102 levels from the opening at 1.1104, after the pair reached a session low of 1.1101, while the pair reached its highest at 1.1108.

Markets are looking ahead to Germany's GFK consumer confidence statistic which may reflect a contraction in expansion to 9.8 vs. 9.9 in October, and before the largest euro-zone economy is also witnessing the release of the IFO Business Climate reading. Expansion may also show a contraction to 94.5 vs. 94.6 last September, while the reading of the same indicator for expectations may show an expansion to 91.0 vs. 90.8, and the reading of the same indicator for current assessments may reflect a contraction to 98.0 vs. 98.5.

This comes hours after the European Central Bank (ECB) meeting on Thursday, during which the European Central Bank (ECB) monetary policy makers decided to keep interest rates at their current zero levels, stabilize the marginal lending rate at 0.25% and keep the deposit rate negative -0.40%. The QE program will be reactivated by 20 billion euros a month by November and the program will continue as long as necessary.

Also on Thursday, ECB Governor Mario Draghi said at a press conference, his last press conference before former IMF President Christine Lagarde took over as ECB governor by early next month, as negative interest supports growth in the region's economies. The euro, however, has its own risks to be watched by the European Central Bank, while addressing the fact that risks to the eurozone's economy remain as a result of the US-China trade war as well as geopolitical tensions.

Otherwise, markets are currently awaiting the European Union's decision on the British government's request last Saturday to extend the UK's exit from the EU for another three months, until the end of January, and the new European Commission President Ursula von der Leyne said yesterday that the idea The exit extension looks guaranteed, but no decision has yet been made on the appropriate extension period.

In the same vein, French President Emmanuel Macron demanded that the extension of Britain's exit from the European Union to a maximum until November 15, saying that he wants to increase pressure on the British Parliament to support the exit agreement reached by British Prime Minister Boris Johnson this week He added that he feared that prolonging the exit timeframe could lead to a possible exit scenario without agreement.

On the other hand, Prime Minister Johnson also expressed yesterday that he would allow the British Parliament to have sufficient time to discuss the UK exit agreement and the timetable for the exit, if the approval of a general election on 12 December, adding that EU leaders are expected to approve the extension beyond October 31.

In the event that the EU decides to extend the deadline for Brexit for a short period of two weeks or a month, until mid-November or the end of next month, British Prime Minister Johnson may work to pass his exit agreement with Brussels again through parliament. In the case of a three-month extension, Johnson is expected to call parliament to vote on early general elections.

On the other hand, investors are currently awaiting the US economy to reveal the final reading of the University of Michigan Consumer Confidence, which may show the stability of the expansion at 96.0, little change from the initial reading for the month of October and against 93.2 in September, and that comes before we see The US Treasury Department unveiled a reading of the federal budget which may show a surplus of $ 83.5 billion compared to a deficit of $ 200.3 billion last August.

Technical Analysis

The EURUSD traded markedly negative yesterday evening to press the 1.1105 level and move below it, which signals the direction of the price to start a bearish correction in the intraday basis, but we note that SMA 50 is trying to provide positive support for the price, while stochastic is entering the saturation areas. In the sale.

Therefore, we believe that opportunities are available for positive trading in the coming sessions, with the first target at 1.1180, noting that the continuation of the negative pressure and breaking the level of 1.1065 will stop the expected bullish trend and push the price for further bearish correction over intraday basis.

Expected trading range for today is between 1.1030 support and 1.1200 resistance

Expected trend for today: Bullish