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Cisco shares plunged to the bottom of 46.30, ending the sideways movement in which it has been moving in the past two weeks. The stock dropped above support at 50% Fibonacci retracement and next support at 61.8%.

This is under the negative impact of moving averages that move above the price and push it down.

The Stochastic is in a sideways path that tends to fall and attempts to enter the oversold area.

General direction of movement: Neutral

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! 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 Australian dollar fluctuated in a narrow, bullish range during the Asian session to witness the rebound for the second consecutive session from the lowest since March 18, 2009 against the US dollar following the developments and economic data that followed from the Australian economy and on the eve of developments and economic data on Thursday By the US economy the largest economy in the world which includes the speech of the members of the Federal Open Market Committee.

At 03:03 AM GMT the AUDUSD rose 0.10% to 0.6714 levels, compared to the opening levels of 0.6707, after the pair reached its highest level during the session at 0.6717, while the lowest level at 0.6704.

The Australian economy followed the release of the AIG Services Index which reflected a widening of 51.5 vs. 51.4 in August, ahead of the Trade Balance which showed a surplus narrowed to A $ 5.93 billion. Against A $ 7.25 billion in July, worse than expectations that the surplus shrank to A $ 6.00 million.

On the other hand, investors are awaiting the outcome of Chicago Fed President Charles Evans' speech on the monetary policy of the central banking chain of the Global Accreditation Center in Madrid, before we witness the speech of Fed Governor Randall Quarles. Financial Stability Board in 10 years "at the European Banking Summit in Brussels

This comes in conjunction with the release of the US claims for the past week on September 28, which may reflect an increase of 2,000 applications to 215 thousand applications compared to 213 thousand applications in the previous weekly reading, as may read the index of claims applications for investors for the past week on 21 From last month, an increase of 4 thousand applications to 1,654 thousand applications against 1,650 thousand applications.

The US Markit Services PMI final reading from the US may reflect a steady expansion at 50.9, little changed from the initial reading for September and 50.7 in August, before the ISM reading was released. Expansion may show contraction to 55.1 versus 56.4 in August.

Markets from the world's largest industrialized nations are also eyeing the factory orders figure, which could show a 0.5% decline versus a 1.4% rise in July, before we see another FOMC member and Fed Vice Governor Richard Clarda speaking. He is expected to speak about the economy and monetary policy at the event hosted by the Wall Street Journal in New York.

Technical analysis

AUDUSD found strong support at 0.6670 again, showing some temporary bullish bias, influenced by the positivity of Stochastic, but since the price is within the main descending channel, the bearish trend scenario will remain valid for the coming period, supported by SMA 50, awaiting direction Towards 0.6595 mainly.

A break of 0.6840 will stop the expected decline and lead the price to start a bullish correction in the short term.

Expected trading range for today is between 0.6660 support and 0.6750 resistance.

Expected trend for today: Bearish.

The pair recovers after reaching the local minimum. The correction is likely to continue until Friday's release of employment data from the US Department of labor. If the values are weaker, as shown by the figures from ADP on Wednesday, the pair is likely to turn down and continue to decline amid demand for defensive assets.

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

Trading recommendations:

If the pair holds below 107.45, it can turn around and continue to decline to 107.00, and then to 106.65.

The stock is trading flat in a range of its upper limit. Breakout of the 131.25 level will result the formation of a downward pattern 123. Moving Averages on Stochastic Oscillator are in the range of level 80 (overbought zone).

Trading recommendations:

Sell below 131.25.

Stop Loss – 133.50.

Target levels – 129.50; 126.57.

Analysis based on round-number levels, price channels and modified Elliot Waves

The support level of 1.2150 holds back sellers. The inclined channel of the downward pattern is broken through by an upward movement (A H2), after which the price rolled back into the range of 135 and 365 moving averages. The breakout of the round secondary level 1.2320 will result the formation of an upward structure of the H2 level within the wave with an upward structure of the D1 level.

Trading ideas:

Buy above the round secondary level 1.2320.

Stop loss under the support level 1.2150.

Target levels – 1.2420; 1.2650.

Trading ideas for GOOGLE (Alphabet Inc.)

The stock is trading in the range of the lower boundary of the upward price channel and 365-150 exponential moving averages. The pivot zone 1205.50 restrains sellers, and the Stochastic Oscillator indicator signals oversoldness of the stock.  The nearest resistance level is 1213.0.

Trading recommendations:

Buy above 1213.0

Stop Loss under the pivot zone 1205.50.

Target levels – 1247.0; 1295.0.

USDJPY Technical analysis

The pair is trading in the range 107.60-108.45. It may continue to decline if the data on the US economy from ADP will be weaker than forecasts. In this case, expect the pair to drop on the growth of demand for protective assets, which include the yen. At the same time, positive values of the indicator can lead to a local increase in the price.

The price is below the middle Bollinger band, at the level of SMA 5 and below SMA 14. The moving averages give a sell signal. RSY is below 50% and turning downwards. Stoch are oversold and uninformative.

Trading recommendations:

If the data is worse than expected, the pair will break the mark of 107.60 and rush to 107.00-05. But if it’s positive, there is a probability of price recovery to 108.45.

EURGBP Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

The overall trend of the currency pair is downward. The pivot zone 0.8905 holds back the Bulls.

The pair is trading on TF H1 in the range of the round Important level of 0.8900. A bearish divergence has formed on the Awesome Oscillator indicator. The start fractal formed below 135 moving average. The breakout of the start fractal will give the formation of a downward wave structure within the General downward trend.

Trading recommendations:

Sell below 0.8863.

Stop Loss for round minor level 0.8920.

Target levels – 0.8800; 0.8700.

Important support and resistance levels

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! 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.

AEROFLOT Stock Analysis

Aeroflot is fluctuating between 101.08 support and 104.50 self-resistance levels, which are the 38.2% and 50.0% Fibonacci retracement levels, respectively.

The price is moving under the negative impact of SMA 20 which is the first resistance level while SMA 50 is still moving near the next resistance level.

Stochastic is in a sideways path within overbought area, but it signals a negative crossover between its lines and out of this area, thus we may see an attempt from the price to test the support level 101.08.

Expected trend for today: Neutral

AUD Analysis

The Australian dollar fell against its US counterpart yesterday following the central bank's decision to cut interest rates to an all-time low and on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world, which includes Federal Reserve Committee member John Williams in California

At 05:57 AM GMT, the Australian dollar against the US dollar fell by 0.03% to 0.6700 levels compared to the opening levels at 0.6703, after the pair reached its highest level during the session at 0.6718, while the lowest level at 0.6698 ..

The decision by the central bank in the context of monetary policy transformations to face the slowdown in economic growth at the fastest pace since the global financial crisis.

The Reserve Bank of Australia cut its benchmark interest rate by 25bp to 0.75%, the lowest level on record and in line with analysts' expectations.

Bank President Philippe Lu commented on the decision that it aims to support the labor market, noting that the possibility of further cut interest rates in the coming period to promote economic growth.

Lu stressed that he and his team will monitor what is happening on the world economic scene and government statements to take next steps when necessary.

Investors are currently awaiting the US economy to release preliminary data on the labor market with the release of the indicator of the change in private sector jobs, which may reflect the slowing pace of job creation to 140 thousand jobs added to 190 thousand jobs added in August, hours before the disclosure On the monthly report on non-farm payrolls and unemployment rates plus hourly income for September.

This comes before we see FOMC Chairman and New York Federal Reserve Chairman John Williams taking part in a moderate debate at the UCSD Roundtable. Otherwise, markets are looking forward to Fed Governor Jerome Powell's opening remarks tomorrow. Hosted by the Federal Reserve in Washington.

Technical analysis:

AUDUSD succeeded in touching our awaited target at 0.6670 and bounced up from there to settle around 0.6700, and the price remains within the descending main channel, keeping the overall bearish scenario valid and effective during the coming period, waiting to visit 0.6595 as the next major stop.

Therefore, we will continue to favor the bearishness unless 0.6825 is breached and hold above it.

Expected trading range for today is between 0.6660 support and 0.6750 resistance

Expected trend for today: Bearish

EUR Analysis

The single currency of the European Union fluctuated in a narrow and bullish range during the Asian session to witness the rebound for the second consecutive session from the lowest since May 12, 2017 against the US dollar amid the lack of economic data by the euro-zone economies and on the eve of developments and economic data Expected on Wednesday by the US economy which includes the speech of the Federal Reserve Committee member John Williams in California.

At 05:08 AM GMT the EURUSD rose 0.01% to 1.0934 levels compared to the opening at 1.0933, after the pair reached its highest level during the session at 1.0941, while the lowest level at 1.0930.

Investors are currently awaiting the US economy to release preliminary data for the labor market with the release of the indicator of the change in the private sector jobs, which may reflect the slowing pace of job creation to 140 thousand jobs added from 190 thousand jobs added in August, hours before The monthly report on non-farm payrolls and unemployment rates in addition to the hourly rate of income for September.

This comes before we see FOMC Chairman and New York Federal Reserve Chairman John Williams taking part in a moderate debate at the UCSD Roundtable. Otherwise, markets are looking forward to Fed Governor Jerome Powell's opening remarks tomorrow. Hosted by the Federal Reserve in Washington.

Technical analysis:

EUR / USD held steady at 1.0935 after yesterday's high, and the Stochastic is showing overbought areas, while SMA 50 is forming negative pressure against the price, which supports the chances of resuming the bearish trend that is regulated within the descending channel shown in the picture. Mainly test 1.0857 level.

Therefore, we hold onto our bearish outlook for today, provided stability below 1.1020, noting that exceeding the mentioned target will push the price to 1.0755 as the next major target.

Expected trading range for today is between 1.0840 support and 1.1000 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound for the fourth session in seven sessions from the highest since September 5, ignoring the decline of the US dollar index for the second consecutive session from the highest since May 12, 2017 According to the inverse relationship between them on the eve of developments and economic data expected on Wednesday by the US economy, the largest economy in the world, which includes the speech of Federal Committee member John Williams in California.

In the morning GMT gold futures for December delivery fell 0.45% to trade at $ 1475.74 an ounce compared with the opening at $ 1479.90 an ounce, while the US dollar index fell 0.01% to 99.16 compared to the opening at 99.17.

Investors are currently awaiting the US economy to release preliminary data for the labor market with the release of the indicator of the change in the private sector jobs, which may reflect the slowing pace of job creation to 140 thousand jobs added from 190 thousand jobs added in August, hours before The monthly report on non-farm payrolls and unemployment rates in addition to the hourly rate of income for September.

This comes before we see FOMC Chairman and New York Federal Reserve Chairman John Williams taking part in a moderate debate at the UCSD Roundtable. Otherwise, markets are looking forward to Fed Governor Jerome Powell's opening remarks tomorrow. Hosted by the Federal Reserve in Washington.

In another context, we followed yesterday US President Donald Trump that the Federal Reserve monetary policy and the strength of the dollar are the reason for the weak performance of the industrial sector in his country, pointing out that the Federal Reserve and its governor Powell allowed the dollar to rise against other currencies, which negatively affected US industrialization, he said, adding that the interest rate on federal funds is too high and that the Fed is hostile to those decisions.

President Trump's tweets on his official Twitter account renewed his attack on the Fed and Powell's monetary policy came after the ISM manufacturing index showed deflation widened to 47.8 vs. 49.1 in August, contrary to expectations. Widening at 50.4, reflecting the worst performance of the index since June 2009.

Technical analysis:

The price of gold has retested the broken neckline of the head and shoulders pattern and held it below it, starting to decline now, accompanied by stochastic reaching overbought areas, whilst the SMA represents 50 negative pressure against the price.

Therefore, these factors encourage us to hold onto our bearish expectations over the coming sessions, targeting 1447.00 then 1413.10 as the next major stops, noting that the continuation of the expected decline requires stability below 1485.00 and 1488.90.

Expected trading range for today is between 1450.00 support and 1490.00 resistance.

Expected trend for today: Bearish.

JPY Analysis 

The US dollar fluctuated in a narrow uptrend during the Asian session 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 expected on Wednesday by the US economy, the largest economy in the world, which includes the speech of Federal Committee member John Williams in California.

At 05:57 AM GMT, the USDJPY gained 0.05% to 107.80 levels from 107.75 opening levels, after hitting a session high of 107.89 and a low of 107.64.

The Consumer Sentiment reading came in at 35.6 vs. 37.1 in August, worse than expected at 38.2, hours before the Japanese government decided to introduce a 10% sales tax increase from 8%. This is despite wage stability and weakening consumer spending growth in the world's third largest economy.

It is noteworthy that the Japanese government expressed that the increase aims to help cover the growing social insurance due to the high proportion of the elderly in Japan, and Japanese Economy Minister Yasushi Nishimura also noted yesterday that the consequences of raising the sales tax will be closely monitored while monitoring the external developments and its implications for the local economy , While emphasizing his belief that the Bank of Japan is capable of taking appropriate monetary policy.

On the other hand, investors are currently awaiting the US economy to release preliminary data for the labor market with the release of the indicator of change in private sector jobs, which may reflect the slowing pace of job creation to 140 thousand jobs added to 190 thousand jobs added in August, before Hours of disclosure of monthly non-farm payrolls and unemployment rates plus hourly income for September.

This comes before we see FOMC Chairman and New York Federal Reserve Chairman John Williams taking part in a moderate debate at the UCSD Roundtable. Otherwise, markets are looking forward to Fed Governor Jerome Powell's opening remarks tomorrow. Hosted by the Federal Reserve in Washington.

Technical analysis:

USD / JPY rebounded strongly after attempting to breach the 108.30 level yesterday, testing the pivotal support of 107.70, noting that the price starts today with a bullish bias to move away from the mentioned support, supported by the positive stochastic indicator.

Therefore, the bullish scenario will remain valid for the coming period, organized within the ascending channel shown in the picture, whose targets begin with breaching 108.30 to confirm the impulse towards 109.30, while recalling the importance of stability above 107.70 to continue the expected rise.

Expected trading range for today is between 107.20 support and 108.70 resistance.

Expected trend for today: Bullish.

Trading ideas for FACEBOOK Inc. (NASDAQ)

The support level of 176.56 held back sellers. The Awesome Oscillator indicator has formed a Bullish Divergence, while Stochastic Oscillator indicator signals oversoldness of the stock. Breakout the resistance level will result the formation of an upward 123 pattern.

Trading recommendations:

Buy above 178.75.

Stop Loss below the support level 176.56.

Target levels – 184.00; 191.34; 205.00.

GBPUSD Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

The support level of 1.2270, which is the level of 50% of the upward wave, holds back sellers. The MACD indicator has formed a Bullish divergence, where an intersection of the balance line of the indicator took place in the zone (B) – breaking the bearish line. Before buing, an upward wave structure and complete downward breakdown of the inclined channel are necessary.

Trading recommendations:

Buy on the formation of an ascending wave structure, where the wave (A) breaks through the inclined channel of the descending structure.

Stop Loss below the support level 1.2270.

Target levels –  1.2500; 1.2720.

AUDUSD Technical analysis

The pair reached the target of 0.6700 amid the RBA's decision not only to lower interest rates by 0.25%, and even hinting at possible rate cuts in the future in case of necessity.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch are also there.

Trading recommendations:

The pair may correct up to 0.6720 due to local oversoldness. It should be sold from this level with the goals of 0.6700 and 0.6675.

Important support and resistance levels

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! 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.

AUD Analysis 

The Australian dollar fell during the Asian session to witness the lowest since September 3, when it tested the lowest since March 18, 2009 against the US dollar following the developments and economic data that followed from the Australian economy and on the threshold of the decisions and directions of the Reserve Bank of Australia and the economic data expected today Tuesday by the US economy the largest economy in the world which includes the speech of members of the Federal Committee.

At 03:01 AM GMT, the AUDUSD fell 0.21% to 0.6736 levels, compared to opening levels at 0.6750, after hitting a one-month low of 0.6733, while hitting a session high of 0.6760.

The Australian Manufacturing Index was released by the Australian Industrial Group (AIG) which expanded to 54.7 vs. 53.1 in August, before the housing market data was released with the release of Building Permits. That showed the decline narrowed to 1.1% from 9.7% in July, worse than expectations for a 2.1% rise.

In the same context, we followed the release of the annual building permits index which showed a decline to 21.5% versus 28.2% in the previous year before July, contrary to expectations for a decline to 20.0%. Otherwise, markets are looking ahead to RBA policy makers' decisions and the RBA rate statement.

This comes before we see RBA Governor Philip Lowe making brief remarks at the Federal Reserve dinner in Melbourne, and we would like to note that expectations are for the RBA to resume its 25bp rate cut at an all-time low of 0.75% from 1.00 % After confirmation at the previous meeting and following a 25 basis point reduction in the two meetings preceding the previous meeting.

On the other hand, investors are now awaiting the speech of Chicago Fed President Charles Evans at a monetary policy conference hosted by the Bundesbank in Frankfurt, before Fed Vice Governor Richard Clarda made brief remarks at a conference on unconventional data, machine learning and processing. Natural language in macroeconomics is hosted by the Federal Reserve in Washington.

This comes before we see St. Louis Fed President James Pollard giving his opening speech in the banking community at the 21st Century Research Conference hosted by St. Louis Federal Reserve, to another FOMC member and another Fed Governor Michelle Bowman. At the very conference in St. Louis.

Otherwise, markets are looking to reveal the final reading of the US Manufacturing PMI by Markit, which may reflect the stability of the expansion at 51.0, little changed from the initial reading of last month and against 50.3 last August, and that comes before we see a reading Construction spending index reflecting accelerated growth to 0.5% vs. 0.1% in July.

Investors from the US, the world's largest industrial nation, are also awaiting the release of the ISM manufacturing index, which may show a widening of 50.4 versus a contraction of 49.1 in August. Worth 50.5 versus a contraction of 46.0 in August.

Markets are also looking ahead by the world's largest economy by tomorrow to release preliminary labor market data ahead of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell opening remarks at a Federal Reserve listening event. Washington on Friday, which will also talk many members of the Federal Committee.

Technical analysis:

AUDUSD continues to decline quietly, gradually approaching the 0.6700 barrier, to keep the downside scenario intact for the coming period, relying on moving inside the descending channel shown, waiting to visit 0.6670 mainly, while stability below 0.6830. An important condition for the continuation of the bearish trend.

Expected trading range for today is between 0.6690 support and 0.6780 resistance.

Expected trend for today: Bearish.

EUR Analysis

The single currency of the European Union fluctuated in a narrow range tilted to decline during the Asian session to see its stability near the lowest since May 2017 against the US dollar on the eve of developments and economic data expected on Tuesday by the economies of the euro zone and the US economy, the world's largest economy Which includes the FOMC speech.

At 05:12 am GMT, EUR / USD fell 0.06% to 1.0892 levels from the opening at 1.0899, after the pair reached a session low of 1.0886, while hitting a high of 1.0901.

Markets are now looking to reveal the industrial sector data from Spain, the fourth largest economy in the euro zone, with the release of the manufacturing PMI which may reflect a widening contraction to 48.2 vs. 48.8 in August, before we see the release of the same indicator for Italy. The region's third-largest economy may also reflect a widening deflation to 48.2 vs. 48.7 in August.

This comes before we see the final reading of the manufacturing PMI for France, the second largest economy in the euro zone and Germany, the largest economies in the region as well as the economies of the euro area as a whole, which may reflect the stability of the expansion at 50.3 in France compared to 51.1 in August, and the stability of deflation at 41.4 in Germany versus 43.5 in August, and the contraction stabilized at 45.6 in the region as a whole versus 47.0.

Investors are also awaiting the outcome of Chicago Fed President Charles Evans' speech at a monetary policy conference hosted by the Bundesbank in Frankfurt, before Fed Vice Governor Richard Clarda makes brief remarks at a conference on unconventional data. Machine learning and natural language processing in macroeconomics are hosted by the Federal Reserve in Washington.

This comes before we see St. Louis Fed President James Pollard giving his opening speech in the banking community at the 21st Century Research Conference hosted by St. Louis Federal Reserve, to another FOMC member and another Fed Governor Michelle Bowman. At the very conference in St. Louis.

Otherwise, markets are looking to reveal the final reading of the US Manufacturing PMI by Markit, which may reflect the stability of the expansion at 51.0, little changed from the initial reading of last month and against 50.3 last August, and that comes before we see a reading Construction spending index reflecting accelerated growth to 0.5% vs. 0.1% in July.

Investors from the US, the world's largest industrial nation, are also awaiting the release of the ISM manufacturing index, which may show a widening of 50.4 versus a contraction of 49.1 in August. Worth 50.5 versus a contraction of 46.0 in August.

Markets are also looking ahead by the world's largest economy by tomorrow to release preliminary labor market data ahead of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell opening remarks at a Federal Reserve listening event. Washington on Friday, which will also talk many members of the Federal Committee.

Technical analysis:

EURUSD is showing more bearish bias to gradually approach our main awaited target at 1.0857, and is under constant negative pressure from SMA 50, which supports the chances of a continuation of the decline inside the descending channel shown, and the opportunities are available to overcome the mentioned level and extend the descending wave to reach To 1.0770 as the next main station.

Therefore, the bearish trend will remain intact and likely over the coming sessions unless the price pushes to breach the 1.1020 level and hold above it.

Expected trading range for today is between 1.0770 support and 1.0965 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fell during the Asian session to witness the lowest since August 6 last amid the rise of the US dollar index to its highest since May 12 of 2017 in accordance with the inverse relationship between them on the eve of the decisions of the Reserve Bank of Australia and the direction of economic data on Tuesday by the US economy the largest economy in the world which includes the speech of members of the Federal Open Market Committee.

Gold futures for December delivery fell 0.90% to trade at $ 1462.91 an ounce compared with the opening at $ 1472.99 an ounce, with the US dollar index up 0.09% to 99.49 compared to the opening at 99.40.

Markets are looking ahead to RBA policy makers' decisions and the RBA rate statement on expectations of a 25bp rate cut this year to an all-time low of 0.75% from 1.00%. We are seeing RBA Governor Philip Lowe make brief remarks at the Fed dinner in Melbourne.

Investors are also awaiting the outcome of Chicago Fed President Charles Evans' speech at a monetary policy conference hosted by the Bundesbank in Frankfurt, before Fed Vice Governor Richard Clarda makes brief remarks at a data conference. Traditional machine learning and natural language processing in macroeconomics are hosted by the Federal Reserve in Washington.

This comes before we also see St. Louis Fed President James Pollard giving his opening speech in the banking community at the 21st Century Research Conference, hosted by St. Louis Federal Reserve, to another FOMC member and another deputy governor of the Federal Reserve, Michelle. Bowman at the same conference in St. Louis.

Otherwise, markets are looking to reveal the final reading of the US Manufacturing PMI by Markit which may reflect the stability of the expansion at 51.0, little changed from the initial reading of last month versus 50.3 in August, and that comes before we see the reading of the index Construction spending reflecting accelerated growth to 0.5% versus 0.1% last July.

Investors are also awaiting the US, the world's largest industrialized country, to reveal the ISM manufacturing index, which may show a widening of 50.4 vs. a contraction of 49.1 in August. Valued at 50.5 versus a contraction of 46.0 in August.

Technical analysis:

Gold confirmed the breach of 1485.00 and completed the formation of the head and shoulders pattern mentioned in our recent reports, where the price is under negative pressure targeting 1447.00 levels and then 1413.00 as the next major stops, waiting for further decline today.

SMA 50 supports the continuation of the bearish wave, taking into consideration that its continuation requires stability below 1485.00 and 1488.90 levels.

Expected trading range for today is between 1450.00 support and 1475.00 resistance.

Expected trend for today: Bearish.

Gooogle Stock Analysis

Google's stock came out of the bumper channel in which it was moving, breaking the minimum channel. However, it faces resistance as a moving average 20 with 23.6% Fibonacci retracement.

SMA 50 is still a support level while SMA 7 is moving above the price and forming resistance.

Stochastic is in a bearish move after moving sideways near overbought area, thus increasing pressure on the price to try to break the support level.

The general direction of movement is: Bullish.

JPY Analysis

The US dollar fluctuated in a narrow uptrend range during the Asian session to see the 16th session rebound from its lowest level since November 9, 2016 against the Japanese Yen following the developments and economic data that followed from the Japanese economy and on the eve of developments and data. The US economy, the largest in the world, is scheduled to be released on Tuesday.

At 06:13 am GMT, the USDJPY rose 0.14% to 108.23 levels from the opening levels of 108.08, after the pair reached a session high of 108.30 and a low of 108.05.

The Japanese economy followed the release of the labor market data with the release of the unemployment rate which showed stability at 2.2%, little changed from the previous reading last July, contrary to expectations for a rise to 2.3%, and in the same Context, the employment-to-applicant ratio showed a stable at 1.59, little changed from the previous reading, in line with expectations.

This came before we witnessed by the third largest economy in the world revealed the reading of the Industrial and Service Index which showed that the industrial sector shrank to 5 vs. 7 in the second quarter, surpassing the expectations that the shrinkage to 1, as the sector shrank. Services to 21 to 23 in the second quarter, contrary to expectations that the expansion to shrink to 20.

The final reading of the Nikkei Manufacturing Purchasing Managers' Index (PMI) showed that the contraction stabilized at 48.9, little changed from the preliminary reading for September, contrary to expectations for a contraction to 49.3. This is the same as the previous reading for August.

Investors are also awaiting the outcome of Chicago Fed President Charles Evans' speech at a monetary policy conference hosted by the Bundesbank in Frankfurt, before Fed Vice Governor Richard Clarda makes brief remarks at a data conference. Traditional machine learning and natural language processing in macroeconomics are hosted by the Federal Reserve in Washington.

This comes before we also see St. Louis Fed President James Pollard giving his opening speech in the banking community at the 21st Century Research Conference, hosted by St. Louis Federal Reserve, to another FOMC member and another deputy governor of the Federal Reserve, Michelle. Bowman at the same conference in St. Louis.

Otherwise, markets are looking to reveal the final reading of the US Manufacturing PMI by Markit which may reflect the stability of the expansion at 51.0, little changed from the initial reading of last month versus 50.3 in August, and that comes before we see the reading of the index Construction spending reflected accelerating growth to 0.5% versus 0.1% in July.

Investors from the US, the world's largest industrial nation, are also awaiting the release of the ISM manufacturing index, which may show a widening of 50.4 versus a contraction of 49.1 in August. Worth 50.5 versus a contraction of 46.0 in August.

Markets are also looking ahead by the world's largest economy by tomorrow to release preliminary labor market data ahead of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell opening remarks at a Federal Reserve listening event. Washington on Friday, which will also talk many members of the Federal Committee.

Technical analysis:

USDJPY is showing a bullish inclination to reach 108.30 now, and continues to move inside the ascending channel shown, waiting to push the price to breach the mentioned level and open the way for the extension of the bullish wave over the intraday and short term, where our next target is located at 109.30.

In general, we hold onto our bullish outlook for today unless it breaks the 107.70 level and remains intact with a daily closing below it.

Expected trading range for today is between 107.70 support and 109.30 resistance.

Expected trend for today: Bullish.

GBPJPY Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

The Stochastic Oscillator indicator (30.10.10) signals oversoldness. The upper limit of the Ichimoku Cloud holds back sellers in the support level range 132.30. The breakthrough of the round secondary level 133.20 will give the formation of an upward wave structure within the H12 level wave (C).

Trading recommendations:

Buy above 133.20.

Stop Loss – 132.30.

Target levels – 135.50; 137.80.

When the target equal to the Stop order is reached, move the trade to break-even.

Trading ideas for PJSC “Sberbank”

The overall movement is upward. The stock trades between 365 and 150 moving averages. A reversal figure inverted Head and Shoulders is formed. The break of the resistance 230.87 will give the formation of a rising wave pattern of the level N1 in the General uptrend.

Trading ideas:

Buy above 230.87.

Stop Loss – 255.70.

Target levels – 235.80; 244.90.

AUDUSD Technical analysis

The pair is consolidating above 0.6745 due to the final monetary policy decision by the RBA. The regulator is expected to lower rates by 0.25%, from 1.00% to 0.75%. This may lead to continued local depreciation of the Australian currency.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and declining. Stoch are also declining.

Trade recommendations:

Sell the pair after its decline below 0.6745 with a likely target of 0.6700.

Important support and resistance levels

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! 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.

AUD Analysis

The Australian dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the sixth session in thirteen sessions from the highest since late July last against the US dollar following the developments and economic data that followed the weekend on the Australian economy and on the eve of developments and economic data expected Monday by the largest US economy in the world.

At 03:06 AM GMT, the Australian dollar against the US dollar fell by 0.07% to 0.6756 levels, compared to the opening levels at 0.6761, after the pair reached its lowest level during the session at 0.6754, while achieving the highest at 0.6764, knowing The pair started this week on a bearish price gap after closing last week at 0.6764 levels.

The Australian Institute of Inflation (MI) showed a 0.1% growth versus the zero level in August. This comes just hours before Tuesday's release of several important economic data for the Australian economy. This includes the decisions and orientations of monetary policy makers at the Reserve Bank of Australia.

Analysts' expectations suggest that tomorrow's rate statement may reflect the Reserve Bank of Australia's (RBA) monetary policy makers resumed a 25bp rate cut to an all-time low of 0.75% from 1.00% following their fixation at the previous meeting following Reduced by 25 basis points in the two meetings preceding the previous meeting.

On the other hand, investors are currently awaiting the US economy, the world's largest industrialized country, to release the industrial sector data with the release of the Chicago PMI reading which may reflect a contraction in the expansion to 50.0 vs. 50.4 in August, before we see tomorrow. The ISM Manufacturing Index is expected to show an expansion to 50.4 versus a contraction of 49.1 in August.

Later in the week, the world's largest economy is looking to release preliminary labor market data ahead of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell opening remarks at the Federal Reserve's listening event. Federal Reserve in Washington next Friday.

Technical analysis:

AUDUSD is trading around 0.6760, and the price remains within the descending channel shown, while SMA 50 continues to put pressure on the price.

Therefore, the bearish scenario will remain intact for the coming period, based on stability below 0.6835, noting that our next target is at 0.6670.

Expected trading range for today is between 0.6700 support and 0.6790 resistance.

Expected trend for today: Bearish.

EUR Analysis

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 seventh session in the twelve sessions of the highest since August 27 against the US dollar on the eve of developments and economic data expected on Monday by the euro zone economies and the economy American largest economy in the world.

At 05:07 AM GMT the EURUSD rose 0.01% to 1.0922 levels from the opening at 1.0921, after the pair reached a session high of 1.0926, while reaching a two-year low of 1.0905.

Markets are looking for Germany, the euro zone's largest economy, to release its retail sales figure, which may reflect a rise of 0.5% versus a decline of 2.2% in July, while the annual reading of the same indicator may show slower growth to 2.9% against 4.4%, before we see Spain, the region's fourth-largest economy, has released its annual CPI reading which could show growth at 0.3% unchanged from August.

We may also see the release of inflation data with the release of the preliminary CPI for the previous month, and the release of the change in unemployment, which may reflect a rise to 5 thousand vs. 4 thousand in August, in conjunction with the release of unemployment rates for Italy's third largest Eurozone economies, which may show stability at 9.9%, little changed from the previous reading of July.

Inflation data will also be released to Italy with the preliminary CPI reading which may reflect a contraction of 0.3% vs. 0.4% growth in August, coinciding with the release of the unemployment rate for the euro area as a whole which may show stability for the fourth consecutive month. In more than a decade it stood at 7.5%, little changed from what it was in July.

On the other hand, we followed last Friday the statements of the President of the European Commission, Jean-Claude Juncker, in which he noted that the Brexit without an agreement would lead to a major disaster, expressing that the European Commission is trying in all its efforts to reach an agreement on Brexit, Adding that there is a need to sign a free trade agreement between the parties, but some of these trade agreements take many years to reach.

On the other hand, investors are currently awaiting the US economy, the largest industrialized country in the world, to release the industrial sector data with the release of the Chicago PMI reading which may reflect a decline in the expansion to 50.0 vs. 50.4 in August, and that comes before we see tomorrow The ISM manufacturing reading may show a widening of 50.4 versus a contraction of 49.1 in August.

Later this week, the market is looking forward to the release of preliminary US labor market data before the end of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell's opening remarks at a Federal Reserve hearing in Washington next Friday. , That will also speak to many members of the FOMC.

Technical analysis:

EUR / USD continues to fluctuate around 1.0925, and remains within the descending channel shown, noting that the Stochastic is losing its positive momentum to reach overbought areas, waiting for the price to stimulate the resumption of the expected bearish trend for the coming period, whose next target is at 1.0857. .

Therefore, the bearish trend will remain favored for the coming period provided that stability is below 1.1040, noting that exceeding the mentioned target will push the price to 1.0785 as the next major stop.

Expected trading range for today is between 1.0820 support and 1.1000 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fluctuated in a narrow range tilted to decline during the Asian session amid the rise of the US dollar index according to the inverse relationship between them following the developments and economic data that followed from the Chinese economy, the largest consumer of metals in the world and on the eve of developments and economic data expected on Monday by the US economy In the world.

Gold futures for December delivery fell 0.60% to trade at $ 1490.54 an ounce compared with the opening at 1496.26 an ounce, with the US dollar index up 0.03% to 99.15 compared to the opening at 99.12.

We followed the China Federation of Logistics and Purchasing (CFLP) data on the readings of industrial and service purchasing managers, which reported that the contraction of the industrial sector shrank to 49.8 from 49.5 in the previous reading in August, surpassing expectations for a contraction to 49.6, while shrinking. The service sector expanded to 53.7 from 53.8 in August, missing expectations for 53.9.

This came before the Chinese markets will see a prolonged holiday until October 7 due to the National Day holiday in China and before the upcoming round of high-level trade talks in Washington between the United States and China and in the wake of the report that the White House is considering restrictions on investments In China and the possibility of removing Chinese companies from US stock exchanges.

On the other hand, investors are currently awaiting the US economy, the largest industrialized country in the world, to release the industrial sector data with the release of the Chicago PMI reading which may reflect a decline in the expansion to 50.0 vs. 50.4 in August, and that comes before we see tomorrow The ISM manufacturing reading may show a widening of 50.4 versus a contraction of 49.1 in August.

Later this week, the market is looking forward to the release of preliminary US labor market data before the end of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell's opening remarks at a Federal Reserve hearing in Washington next Friday. , That will also speak to many members of the FOMC.

Technical analysis:

Gold is resuming its negative trading to approach the pivotal support 1485.00, to provide signals on the trend to break this level and activate the negative impact of the head and shoulders pattern, which features the picture, which will push the price to areas starting at 1447.00 and then 1413.10, but we point out that we need a clear break of the level Initially close four hours below the mentioned level to confirm the continuation of the decline.

Therefore, we will continue to remain neutral until the price confirms the breach of the support 1485.00 or the breach of the resistance 1515.00, noting that the breach of the resistance will push the price to resume the main bullish trend whose next target is at 1555.00.

Expected trading range for today is between 1475.00 support and 1510.00 resistance.

Expected trend for today: Neutral.

JPY Analysis

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the fifth session in nine sessions from 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 economic developments and data expected on Monday by the US economy, the largest economy in the world.

At 06:02 AM GMT, the USDJPY fell 0.17% to 107.79 levels from 107.98 opening levels, after hitting a session low of 107.75 and a high of 108.01. The pair started the session on a bullish price gap after closing last week at 107.92 levels.

The Bank of Japan (BoJ) 's summary of the consensus report was released in conjunction with the seasonally adjusted preliminary retail sales figure, which rose 4.8% versus a 2.3% decline in July, beating expectations for a 2.4% rise. The annual reading of the index itself rose 2.0% versus a 2.0% decline in July, also beating expectations for a 0.7% rise.

This came in conjunction with the release of the preliminary reading of industrial production, which showed a decline of 1.2% versus a rise of 1.3% in July, worse than expectations for a decline of 0.5%, and the annual reading of the same index showed a decline of 4.7% against a rise of 0.7%, also worse than expectations The data showed a drop of 3.9% to reveal the housing market data with the release of the annual Housing Starts Index which showed a decline to 7.1% versus 4.1% in July, worse than expectations for a 6.1% decline.

On the other hand, investors are currently awaiting the US economy, the largest industrialized country in the world, to release the industrial sector data with the release of the Chicago PMI reading which may reflect a decline in the expansion to 50.0 vs. 50.4 in August, and that comes before we see tomorrow The ISM manufacturing reading may show a widening of 50.4 versus a contraction of 49.1 in August.

Later this week, the market is looking forward to the release of preliminary US labor market data before the end of the US labor market data by the end of the week, leading to Federal Reserve Governor Jerome Powell's opening remarks at a Federal Reserve hearing in Washington next Friday. , That will also speak to many members of the FOMC.

Technical analysis:

USDJPY has breached 107.85 once again and stabilized above it, crawling towards 108.30, where the bullish trend is likely over the coming sessions, supported by moving above SMA 50, while Stochastic is trying to get rid of its negative momentum and gain positive momentum over intraday basis.

Thereby, we await further rallies in the coming sessions, and a break above 108.30 will push the price to 109.30 as the next major target, while the bullish bias will remain intact unless the 107.70 level is broken and stability below it.

Expected trading range for today is between 107.30 support and 108.70 resistance.

Expected trend for today: Bullish.

SBER Bank Stock Analysis

SBER Bank approached 224.64 support near 50% Fibonacci retracement and bounced back under the positive effect of SMA 50

The price started the downtrend after failing to breach 235.96 resistance.

The price is moving below the 20-7 moving averages that form resistance levels but has become above the 50 SMA which is a support level.

Stochastic started to move within an uptrend which will trigger the price to rise and hold the support level.

The expected movement between 210.8 support and 244.06 resistance.

Overall trend: Bearish.

Technical analysis EURUSD

The pair is consolidating above 1.0910 in anticipation of the fresh US economy data. Durable goods orders and personal consumption expenditures are expected to show a positive trend. In this case, the pair is likely to continue dropping. In this case, the pair is likely to continue dropping.

The price is below the middle Bollinger band indicator, below SMA 5 and SMA 14. RSI hanging above the oversold area. Stoch are not informative.

Trading recommendations:

Sell the pair after its decline below 1.0910 with probable targets of 1.0870 and 1.0835.

GBPCHF Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

The overall movement of the currency pair is upward. The pair is trading in the range of 365 and 135 moving averages. The breakthrough of the round secondary level 1.2280 will result in formation of an upward pattern of the H1 level within the upward wave (C) of the H8 level.

Trading recommendations:

Buy above 1.2280.

Stop loss – 1.2200.

Target levels – 1.2350; 1.2450.

Trading ideas for APPLE Computer Inc. (NASDAQ)

The overall movement is upward. The support level 217.20 actively holds back sellers. The Wedge pattern is formed. The breakout of the pattern and the resistance level 221.45 will cause the formation of an upward 123 pattern within the overall upward movement.

Trading recommendations:

Buy above 221.45.

Stop loss below the support level 217.20

Target levels – 225.80; 233.00.

Important support and resistance levels

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! 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.

Amazon Stock Analysis

Amazon has been able to breach the 1750.67 support level, thus preparing to start the bearish path provided that the stability of the trading below the mentioned level.

The price is currently moving below the 7-20-50 moving averages which form resistance levels and press it to fall further.

Stochastic is in a bearish direction and is approaching oversold areas, thus increasing the negative pressure on the price.

Expected trend for today: Bearish.

AUD Analysis

AUDUSD continues to decline quietly, and continues to trade within the descending channel shown, keeping the bearish trend scenario intact for the coming period, supported by SMA 50, noting that our next target is at 0.6670, while achieving stability below 0.6845. 

Expected trading range for today is between 0.6700 support and 0.6790 resistance.

Expected trend for today: Bearish.

JPY Analysis

The US dollar fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the fifth session in eight sessions from its 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 The US economy, the world's largest economy, is on the verge of economic developments and data on Friday.

At 05:58 AM GMT, USD / JPY fell 0.08% to 107.74 levels from 107.83 opening levels, after hitting a session low of 107.66 and a high of 107.85.

The Japanese economy followed the release of inflation data with the release of the Tokyo Consumer Price Index, which showed a slowdown in growth to 0.4% from 0.6% in August, worse than expectations for a slowdown to 0.5%. The core of the index itself, which excludes fresh food, slowed growth to 0.5% vs. 0.7%, also worse than expectations of 0.6%.

In a similar context, the core annual reading of Tokyo's consumer price index, excluding fresh food and energy, slowed growth to 0.6%, in line with expectations, against 0.7% in August, hours after Bank of Japan Governor Haruhiko Kuroda said Thursday during brief remarks. At the annual meeting of securities companies in Tokyo, inflation is likely to reach the target of 2% gradually.

BoJ Governor Kuroda said yesterday that it was important to continue patient monetary policy patiently in order to maintain the momentum needed to reach the inflation target, highlighting the need for more attention to the recent risks that are putting downward pressure on prices in foreign economies. The Bank of Japan will guide monetary policy appropriately while closely monitoring various risks.

Kuroda also said that the external uncertainty is the trade tensions between the United States and China, as well as the tensions of Brexit, the geopolitical strikes in the Middle East and the impact of the Chinese government's stimulus measures, pointing out that the downside risks to the Japanese economy, the third largest economy in the world. Recently increased.

On the other hand, investors are currently awaiting the US economy to reveal the Durable Goods Orders, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which may reflect a 1.1% decline versus a 2.0% rise in July. While the core reading of the index itself may show a rise of 0.2% versus a decline of 0.4% in July.

This comes in conjunction with the release of spending and personal income data which may reflect a slowdown in personal spending growth to 0.3% from 0.6% in July, and personal income growth accelerated to 0.4% vs. 0.1% in July, while a reading of Core Personal Consumption Expenditure The pace of growth stabilized at 0.2%, little changed from the prior reading of July.

The Federal Open Market Committee (FOMC) and Fed Governor Randall Quarles also talked about the prudential regulation at Georgetown University, and the final reading of the University of Michigan Consumer Confidence reading, which could show a steady expansion of 92.0, little changed. It was at the initial reading for September at 92.1 and versus 89.8 in August.

Technical analysis:

USDJPY made fresh positive trading yesterday and attempted to breach the 107.70 level, but it is back to the downside with today's opening, which makes us hold onto our bearish outlook over intraday basis, supported by the negative crossover signal provided by Stochastic now, waiting to visit 107.20 then 106.70. Main.

We note that failure to hold below 107.70 will lead the price for additional gains starting with testing 108.30.

Expected trading range for today is between 106.70 support and 108.30 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fluctuated in a narrow uptrend during the Asian session while still resuming their weekly losses for the fourth week in five weeks amid the negative stability of the US dollar index, indicating a rebound for the second session of its highest since September 19, when it tested higher Since May 12, 2017 according to the inverse relationship between them according to the inverse relationship between them on the eve of developments and economic data expected on Friday by the US economy, the largest economy in the world.

In the morning GMT gold futures for December delivery fell 0.30% to trade at $ 1497.45 an ounce compared with the opening at $ 1504.01 an ounce, with the dollar index fell 0.04% to 99.14 compared to the opening at 99.18.

Investors are currently awaiting the US economy to reveal the Durable Goods Orders, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which may reflect a 1.1% decline versus a 2.0% rise in July. The core reading of the index itself may show a rise of 0.2% versus a decline of 0.4% in July.

This comes in conjunction with the release of spending and personal income data which may reflect a slowdown in personal spending growth to 0.3% from 0.6% in July, and personal income growth accelerated to 0.4% vs. 0.1% in July, while a reading of Core Personal Consumption Expenditure The pace of growth stabilized at 0.2%, little changed from the prior reading of July.

The Federal Open Market Committee (FOMC) and Fed Governor Randall Quarles also talked about the prudential regulation at Georgetown University, and the final reading of the University of Michigan Consumer Confidence reading, which could show a steady expansion of 92.0, little changed. What it was in the initial reading for September at 92.1 and 89.8 last August.

In view of the developments in the trade talks, we followed up on Thursday some report that the US administration may not extend the exemptions granted to US companies that deal and provide equipment to Chinese Huawei, which may cast a shadow on the upcoming high-level trade negotiations between the United States and China by the beginning of the month Next in Washington.

Technical analysis:

The price of gold provided sideways and narrow range trading yesterday, stuck between the trend confirmation levels of 1485.00 support and resistance now rising to 1513.00, therefore, we continue to remain neutral until the price confirms breaching one of the mentioned levels and then determining its next destination more accurately.

Note that breaching the mentioned resistance will push the price to resume the main bullish trend targeting 1555.00 as the next major stop, while breaking the support will activate the negative effect of a negative pattern that will press the price to achieve negative targets starting at 1447.00 then 1413.00.

Expected trading range for today is between 1490.00 support and 1525.00 resistance.

Expected trend for today: Neutral.

EUR Analysis

The European Union (EU) currency fluctuated in a narrow and bullish range during the Asian session to rebound from its lowest level since May 12, 2017 against the US dollar on the eve of developments and economic data expected on Friday by the euro zone economies and the US economy, the largest economy in the world. World, which includes a recent FOMC member Randall Quarles in Washington.

At 05:07 AM GMT the EURUSD rose 0.01% to 1.0922 levels from the opening at 1.0921, after the pair reached a session high of 1.0926, while reaching a two-year low of 1.0905.

Markets are looking ahead to the import price index for Germany, the euro zone's largest economy, which may reflect a widening decline of 0.3% from 0.2% in July, before we see the second largest economy in the region to reveal the preliminary CPI reading which may show a contraction of 0.2 In contrast to the 0.5% growth in August, coinciding with the French consumer spending index showed that growth slowed to 0.3% vs. 0.4%.

On the other hand, investors are currently awaiting the US economy to reveal the Durable Goods Orders, which accounts for about half of consumer spending, which accounts for more than two-thirds of US GDP, which may reflect a 1.1% decline versus a 2.0% rise in July. While the core reading of the index itself may show a rise of 0.2% versus a decline of 0.4% in July.

This comes in conjunction with the release of spending and personal income data which may reflect a slowdown in personal spending growth to 0.3% from 0.6% in July, and personal income growth accelerated to 0.4% vs. 0.1% in July, while a reading of Core Personal Consumption Expenditure The pace of growth stabilized at 0.2%, little changed from the prior reading of July.

The Federal Open Market Committee (FOMC) and Fed Governor Randall Quarles also talked about the prudential regulation at Georgetown University, and the final reading of the University of Michigan Consumer Confidence reading, which could show a steady expansion of 92.0, little changed. It was at the initial reading for September at 92.1 and versus 89.8 in August.

Technical analysis:

EURUSD is showing more bearish bias to gradually approach our awaited key target at 1.0857, leaving the downside trend likely over the coming sessions, supported by negative pressure from SMA 50, noting that a break above this level will push the price to 1.0785 as the next major stop.

The descending channel continues to organize the suggested bearish wave, which requires stability below 1.1050.

Expected trading range for today is between 1.0800 support and 1.1000 resistance.

Expected trend for today: Bearish.