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The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session to see its 11-session rally in nineteen sessions from its highest since March 21 against the US dollar on the eve of the economic developments and data expected on Friday by speculative economies Euro and the US economy.

At 05:06 GMT, the EURUSD fell 0.15% to 1.1260, compared to the opening at 1.1277, after reaching a session low of 1.1241, while reaching a high of 1.1282.

The markets are currently awaiting the release of the Producer Price Index (PPI), which is a preliminary indicator of inflationary pressures, which could reflect the contraction of the June contraction at 0.1%, while the annualized reading may show growth slowing to 1.5% from 1.9% In the previous annual reading for the month of May.

This comes before we see the economies of the euro area as a whole disclosure of the seasonally adjusted index of the current account index, which may reflect the widening of the surplus to the value of 21.2 billion euros compared to 20.9 billion euros last April, otherwise, we have followed yesterday the Chief Commissioner of the European Union And responsible for the file of the exit of Britain from the European Union Michel Barnier that the Union will not negotiate again on the current agreement for the departure of Britain from it.

On the other hand, investors are currently looking for the US economy to be the largest economy in the world to reveal the preliminary reading of the University of Michigan consumer confidence index for July, which may reflect a narrowing to 98.6 from 98.2 in June, with expectations Consumers for inflation for one year ahead and for the next five years.

This comes ahead of the Federal Open Market Committee meeting at the annual meeting of the Central Bank Research Association in New York, including St. Louis Federal Reserve Chairman James Pollard on technology and the future of the monetary and financial system, and Federal Reserve Bank Chairman Eric Rosengren, who will participate in a panel discussion On the independence of central banks.

Technical Analysis

The EUR / USD pair made a positive trading session yesterday, which stopped before reaching 1.1295, to show some slight bearishness now, so that the price remains confined between the pivotal levels of resistance mentioned and support 1.1180. As mentioned in our recent reports, the price needs to breach one of these levels to determine The next step more precisely, thus maintaining our neutral position to date.

We will mention that breaching the resistance will lead the price to recover and achieve positive targets starting at 1.1350 and extending to 1.1443, while breaching support will press the price to resume the short and medium term downside, where the next main target is at 1.1100.

The trading range for today is among the key support at 1.1160 and resistance at 1.1350

The expected general trend today: Depends on the levels mentioned in the report

Gold futures fluctuated in a narrowly bearish range during the Asian session to see their rebound from the top since May 10, 2013. The US dollar index fell for a third straight session on the back of economic developments today Friday by the US economy and with the pricing of markets for tensions in the Middle East.

Gold futures for August delivery fell 0.27% to currently trade at $ 1,444.40 per ounce, compared to the opening at $ 1,448.30 per ounce. The contracts started trading on a bullish gap after closing Yesterday at $ 1,428.10 per ounce, while the dollar index fell 0.01% to 96.81 compared to the opening at 96.82.

Investors are now eyeing the US economy, the largest economy in the world, to reveal the preliminary reading of the University of Michigan consumer confidence index for July, which may reflect a contraction to 98.6 from 98.2 in June, as consumer expectations for inflation for the year One coming and five years ahead.

This comes ahead of the Federal Open Market Committee meeting at the annual meeting of the Central Bank Research Association in New York, including St. Louis Federal Reserve Chairman James Pollard on technology and the future of the monetary and financial system, and Federal Reserve Bank Chairman Eric Rosengren, who will participate in a panel discussion On the independence of central banks.

The Federal Reserve and Federal Reserve Bank of New York Chairman John Williams yesterday said that currency cuts to increase competitiveness were not a good idea, and that a double rate cut this year could support a higher yield curve, adding that the move is now against any possible slowdown. Reported that inflation remained below target at 2%, boosted federal interest rate cuts by the end of the month.

Federal Reserve Governor Jerome Powell said last Tuesday that inflation in the United States accelerated last month to 1.7 percent, saying inflationary pressures remained below the Fed's target and that the Federal Reserve was "carefully monitoring" negative risks to US growth. "Will act as necessary to maintain the expansion," echoing what he said in his testimony to Congress last week.

On Thursday, US President Donald Trump said the US Amphibious attack ship "Boxer" had shot down an Iranian marlin approaching a thousand yards in the Strait of Hormuz. The spokesman for the Pantheon, Jonathan Hoffman, said: "At about 10 o'clock Morning local time, the Boxer vessel was sailing in international waters bound for the Strait of Hormuz to carry out planned passage in advance.

Technical Analysis

The price of gold succeeded in confirming the breach of 1438.90 after closing the daily candlestick above it, confirming the extension of the bullish wave over the short term and short term, on its way to achieve more gains expected in the coming period, noting that our next main target is at 1500.00

SMA 50 continues to support the suggested bullish wave, noting that a break of 1438.90 could press the price to test the 1408.00 areas before any new attempt to rise.

The trading range for today is expected among the support at 1430.00 and resistance at 1460.00

The general trend for today is bullish

Amazon returned to test the support level 1953.11 after resistance resistance 2034.12 in front of the price

  The summit, which was formed in September last year.

The price is hovering above the 20 and 50 moving averages which form price support levels and pressure on it to rise and test the resistance again.

  Stochastic is in a downtrend so we can see the price try to fall

  The test test support 1953.11.

The expected movement between 1885.00 support and 2050.79 resistance

General direction of the movement: upward

The US dollar rose during the US session to rebound to the second session of its lowest since June 26, while still the second consecutive weekly losses against the Japanese yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the threshold Developments and economic data expected Friday by the US economy.

At 06:00 GMT, the USDJPY rose 0.32% to 107.64 compared to the opening levels at 107.30, after reaching the highest level at 107.68, while the lowest level at 107.22.

On the Japanese economy, the National Consumer Price Index (CPI) showed a stable growth of 0.7% in June, while the annual reading of the same index, excluding fresh food, showed a slowdown in growth to 0.6% In May, the annual reading of the index excluding energy and fresh food reflected growth stability at 0.5%.

On the other hand, investors are currently looking for the US economy to be the largest economy in the world to reveal the preliminary reading of the University of Michigan consumer confidence index for July, which may reflect a narrowing to 98.6 from 98.2 in June, with expectations Consumers for inflation for one year ahead and for the next five years.

This comes ahead of the Federal Open Market Committee meeting at the annual meeting of the Central Bank Research Association in New York, including St. Louis Federal Reserve Chairman James Pollard on technology and the future of the monetary and financial system, and Federal Reserve Bank Chairman Eric Rosengren, who will participate in a panel discussion On the independence of central banks.

Technical Analysis

The USD / JPY pair underwent a significant negative trading yesterday after retesting the broken neckline of the head and shoulders pattern shown in the image. The price is under continuous negative pressure coming from the SMA 50, so the bearish trend will remain intact during the coming sessions, targeting 106.78 mainly .

Stability below 108.10 is important for the continuation of the expected decline, as breaching it will lead the price to return to the upside correction and achieve positive targets starting at 108.93.

The trading range for today is expected among the support at 106.80 and the resistance at 108.10

The general trend for today is bearish

The Australian dollar fluctuated in a narrow range inclined during the Asian session to see its fifth session rebound in seven sessions from its lowest since June 21 against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and economic data expected on Thursday from Ahead of the US economy, the world's largest economy.

At 02:28 GMT, the AUDUSD rose 0.17% to 0.7022, compared to the opening levels of 0.7010, after reaching a high of 0.7027, while reaching a low of 0.7006.

We have followed the Australian economy to reveal data on the labor market, which showed the stability of unemployment rates, unchanged from last May, in line with expectations at 5.2%, with the reading of the index of change in employment decreased to 0.5 thousand from 45.3 thousand in May / May, below expectations of 9.1K, and coinciding with a reading of the Business Confidence Index rose to a value of 6 versus 1 decline in the first quarter.

The Reserve Bank of Australia's monetary policy meeting minutes reported Tuesday that "the board will continue to closely monitor labor market developments and adjust monetary policy if necessary to support sustained growth and inflation target over time" and that "low interest rates will provide more jobs for Australians And help to make sure that inflation is progressing towards the target. "

On the other hand, investors are currently looking for the US economy reading the index of claims for the week ending on 13 of this month, which may reflect a rise of 7 thousand applications to 216 thousand applications compared to 209 thousand applications in the previous weekly reading, Investors for the week ended on the sixth of this month, down by 23 thousand applications to 1,700 thousand applications against 1,723 thousand applications.

The markets are also looking to the world's largest industrial nations to see the Philadelphia Manufacturing Index, which may reflect a widening to 5.0 versus 0.3 in June, ahead of the leading indices reading, which may show 0.1% growth versus zero- And Federal Reserve Bank of New York Chairman John Williams on monetary policy at the annual meeting of the Central Bank Research Association in New York.

Technical Analysis

The AUDUSD offers new positive trading to test the pivotal resistance of 0.7044, while Stochastic remains negative, awaiting the protection of the suggested negative scenario in our recent reports, which depends on stability below the mentioned level, while its main targets start at 0.6970 and extend to 0.6900 .

The trading range for today is expected among the support at 0.6970 and the resistance at 0.7060

The general trend for today is bearish.

Cisco shares tested the resistance level at 58.20 at the beginning of this week's trading and could not break it back to 57.16

  Where the moving averages move below the price and form support levels for the price and press it to rise.

Stochastic in a bearish path after it came out of the overbought area so we are likely to see some correction on the price and the downside and test support levels 54.00-51.28

The general trend of the movement is bullish

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its rebound for the second straight session since July 9 when its lowest since June 19 against the US dollar was tested amid tight economic data from Ahead of euro-zone economies and on the eve of developments and economic data expected Thursday by the US.

At 04:41 am GMT, the EURUSD rose 0.13% to 1.1239, compared to the opening at 1.1224, the pair's low during the session, while the pair reached a high of 1.1242.

Investors are currently waiting for the US economy to read the Jobless Claims reading for the week ending on the 13th of this month, which could reflect a rise of 7K to 216K vs. 209K in the previous week's reading. On the sixth of this month decreased by 23 thousand applications to 1,700 thousand applications against 1,723 thousand applications.

The markets are also looking to release the Philadelphia Manufacturing Index, which may reflect a widening to 5.0 vs. 0.3 in June, ahead of the leading index reading, which could show 0.1% growth versus zero in May, And Federal Reserve Bank of New York Chairman John Williams on monetary policy at the annual meeting of the Central Bank Research Association in New York.

Technical Analysis

The EUR / USD pair is showing a quiet upward trend to test the SMA 50, and the price continues to fluctuate between the pivotal levels of 1.1180 and resistance at 1.1295. As noted yesterday, the price needs to break through one of these levels to define its next target more precisely, thus keeping us neutral so far. .

We will note that breaking this support will push the pair to further decline and head towards 1.1100 as a next downside, while breaking the resistance will lead the price to start new recovery attempts targeting 1.1350 and then 1.1443 initially.

The trading range for today is among the key support at 1.1150 and resistance at 1.1330

The expected general trend today: Depends on the levels mentioned in the report

Gold futures traded in a tight range slipping towards the Asian session to bounce back higher since July 3, when it tested its highest since June 25, its highest in more than six years, The US dollar, according to the inverse relationship between them on the eve of developments and economic data expected Thursday by the US economy, the largest economy in the world.

Gold futures for August delivery fell 0.35% to currently trade at $ 1,423.50 per ounce compared to the opening at $ 1,428.50 per ounce. The contracts opened the session on a bullish gap after closing To $ 1.423 per ounce, while the dollar index fell 0.12% to 97.07 compared to the opening at 97.19.

Investors are currently waiting for the US economy to read the Jobless Claims reading for the week ending on the 13th of this month, which could reflect a rise of 7K to 216K vs. 209K in the previous week's reading. On the sixth of this month decreased by 23 thousand applications to 1,700 thousand applications against 1,723 thousand applications.

The markets are also looking to release the Philadelphia Manufacturing Index, which may reflect a widening to 5.0 vs. 0.3 in June, ahead of the leading index reading, which could show 0.1% growth versus zero in May, And Federal Reserve Bank of New York Chairman John Williams on monetary policy at the annual meeting of the Central Bank Research Association in New York.

Technical Analysis

The price of gold succeeded in confirming the breach of symmetrical triangle resistance shown in the above chart after yesterday's close above it, which supports the chances of continuation of the bullish trend over the short term and intraday, awaiting the test of 1438.90 as the next major station.

SMA 50 continues to support the price from below, to continue the bullish trend in the coming sessions, with a reminder that breaching the mentioned level will push the price to 1500.00 as the next main station, while the expected upside will remain intact unless the level of 1400.30 is broken and stability below it.

The trading range for today is among the support at 1410.00 and resistance at 1445.00

The general trend for today is bullish.

The US dollar fell during the US session to rebound to the fifth session in seven sessions of the highest since May 31 against the Japanese yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of developments and economic data expected on Thursday by The US economy is the largest economy in the world.

At 05:52 GMT, the US dollar was down 0.25% to 107.68 from the opening level at 107.95, after hitting its lowest level since July 3 at 107.64. Trading session at 108.00.

We followed the Japanese economy's reading of the trade balance index, which showed the deficit shrank to 14 billion yen against a surplus of 622 billion yen in May, exceeding expectations that the deficit shrank to 141 billion yen, while the seasonally adjusted index The same as a surplus of 590 billion yen against a deficit of 968 billion yen in May, also outperforming expectations of a surplus of 404 billion yen.

This came in contrast to the annualized reading of exports, which fell to 6.7% from 7.8% in the previous reading for May, below expectations of a decline of 5.4%. The annual reading of imports showed the decline to 5.2% compared to 1.5% Earlier than in May, worse than expectations of a contraction of 0.2%.

This comes hours after Bank of Japan Governor Haruhiko Kuroda said that the Japanese economy will continue to grow at a moderate pace and domestic demand is stable, noting that there are many risks that threaten the outlook for global economic growth and its evidence that the global economy is growing at a moderate pace. The Japanese may expand the adoption of stimulus in the case of weakening inflationary pressures, which hinders access to inflation target at 2%.

On the other hand, investors are currently looking for the US economy to read the index of claims for the week ending on 13 of this month, which may reflect a rise of 7 thousand applications to 216 thousand applications, while may show the reading of the index requests for aid investors for the week of the sixth of this month Down 23,000 to 1,700,000.

The markets are also looking to release the Philadelphia Manufacturing Index, which may reflect a widening to 5.0 vs. 0.3 in June, ahead of the leading index reading, which could show 0.1% growth versus zero in May, And Federal Reserve Bank of New York Chairman John Williams on monetary policy at the annual meeting of the Central Bank Research Association in New York.

Technical Analysis

The USDJPY broke the neckline of the head and shoulders pattern mentioned in our latest report, to do the negative impact of this pattern, which supports expectations for a continuation of the bearish trend over the coming period, opening the way towards 106.78 which is our next main target.

Therefore, we are awaiting further bearishness over intraday and short term, provided that the price remains steady below 108.10 - 108.30.

The trading range for today is expected among the support at 107.00 and the resistance at 108.30

The general trend for today is bearish.