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Gold futures fluctuated in a narrowly bearish range to see their second consecutive straight bounce since June 25, when it tested its highest since May 14 of 2013, while still on its seventh straight weekly gain The week's longest weekly gain since 2011, as the dollar rallied to a six-session high of nine sessions since March 21, according to the inverse relationship between them on the eve of developments and economic data expected Friday by the US economy.

Gold futures for August delivery fell 0.11% to currently trade at $ 1,420.00 per ounce compared to the opening at $ 1,421.60 an ounce. The contracts started today trading on a bullish price gap after closing Yesterday at $ 1,420.90 an ounce, the center of the dollar rose 0.03% to 96.75 compared to the opening at 96.72.

Investors are currently looking for the US economy to reveal last month's labor market data, which could reflect a stable unemployment rate at a 49-year low of 3.6%, unchanged from May, amid expectations that the Non-Farm Payrolls Job creation accelerated to 164,000 versus 75,000, and the median hourly earnings index accelerated to 0.3% versus 0.2%.

This comes after the disclosure last Wednesday of preliminary data for the US labor market, which showed the acceleration of job creation to 102 thousand according to the index of change in private sector jobs, compared to 41 thousand in May, below expectations at 140 thousand, Of the US is among the important reports that weigh heavily on the decisions and directions of monetary policy makers at the Fed.

We note that Fed Governor Jerome Powell noted last week that the broader market expectations of a federal interest rate cut at the next FOMC meeting were not necessarily achieved, limiting federal Fed interest rate cuts through the Federal Reserve. The next meeting of the Federal Commission on July 30-31.

The Federal Open Market Committee last month dropped the word "patient" from its statement and added "we will act as necessary" to preserve the economy, which then opened the way for a possible reduction in federal interest rates later. In particular, That eight members see a reduction this year, knowing that the average forecast did not reflect any reduction this year.

At a press conference held after the Federal Committee meeting on June 18-19, Federal Reserve Governor Paul said that some monetary policy makers in the Federal Reserve believe that the issue of soft monetary policy has been strengthened, stressing that the Commission will continue to monitor developments and data Economic outlook during the coming period to determine the future of monetary policy depending on those developments and data.

Technical Analysis

The price of gold has been trading sideways since yesterday and continues to move around 1425.00, and since the price is above 1400.00, our bullish outlook remains intact for the coming period as the price moves within the ascending channel that carries trades from 1275.00 areas, waiting for a breach of 1439.00 to confirm the extension of the bullish wave towards 1500.00.

The trading range for today is expected among the support at 1410.00 and resistance at 1440.00.

The general trend for today is bullish.

The single currency of the European Union region fluctuated in a tight range in the Asian session to see its sixth session rebound in nine sessions from its highest since March 21 against the US dollar on the brink of economic developments and data expected on Friday by Eurozone economies and the economy.

At 4:17 am GMT, the EURUSD dropped 0.03% to 1.1282, compared to the opening at 1.1285 after the pair hit a session low of 1.1278 and a high of 1.1288.

The markets for Germany, the largest economy in the euro area, are looking for the factory demand index which may show a 0.1% drop from 0.3% in April, while the seasonally adjusted annualized index may show a drop to 6.3% versus 5.3% The second largest economy in the region, which could show a contraction of the deficit to 4.8 billion euros from 5.0 billion euros in April.

On the other hand, investors are looking for the US economy to reveal last month's labor market data, which could reflect a stable unemployment rate at its lowest level in 49 years at 3.6%, unchanged from May, amid expectations that the reading of the Change in jobs for sectors Except for agriculture, job creation accelerated to 164,000 versus 75,000, and the average hourly earnings index accelerated to 0.3% from 0.2%

This comes after the disclosure last Wednesday of preliminary data for the US labor market, which showed the acceleration of job creation to 102 thousand according to the index of change in private sector jobs, compared to 41 thousand in May, below expectations at 140 thousand, Of the US is among the important reports that weigh heavily on the decisions and directions of monetary policy makers at the Fed.

Technical Analysis

The EUR/USD pair has not seen any strong movement since yesterday, continuing to fluctuate around the 1.1280 level. Therefore, there is no change in the bearishness scenario which depends on stability below 1.1350, while the next targets are at 1.1240 and extend to 1.1180.

The trading range for today is expected between 1.1200 and 1.1350 support.

The general trend for today is bearish.

The Australian dollar fell during the Asian session to see its rebound for the 11th session in 13 sessions of its lowest since January 3 against the US dollar.

At 02:22 GMT, the Australian dollar fell 0.03% to 0.7017, compared with the opening levels at 0.7020, after hitting its highest since May 7 at 0.7028, Trading session at 0.7013.

Investors are currently looking for the US economy to reveal last month's labor market data, which could reflect a stable unemployment rate at a 49-year low of 3.6%, unchanged from May, amid expectations that the Non-Farm Payrolls Job creation accelerated to 164,000 versus 75,000, and the median hourly earnings index accelerated to 0.3% versus 0.2%.

This comes after the disclosure last Wednesday of preliminary data for the US labor market, which showed the acceleration of job creation to 102 thousand according to the index of change in private sector jobs, compared to 41 thousand in May, below expectations at 140 thousand, Of the US is among the important reports that weigh heavily on the decisions and directions of monetary policy makers at the Fed.

Technical Analysis

The AUDUSD pair has tested and maintained its stability below 0.7044. The bearish scenario is valid and valid for the coming sessions as the price continues to move within the descending channel shown in the image, indicating that the price needs to break the 0.6975 level to facilitate the move toward our target The next main one resides at 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.

Amazon shares are trading above 1891.97.

The price is moving above the moving averages 7-7 and 50 which are forming support levels for the price and the price is pressuring it to rise and test resistance again.

Stochastic is moving upward and entering the overbought area so we can see the price try the 1965.13 resistance again.

The expected movement between 1679.23 support and 2050.79 resistance.

General direction of the movement: upward.

EURUSD

The pair is falling in anticipation of the US employment data. It’s likely to remain under pressure if the number of new jobs exceeds the predicted 160,000.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are reversing downwards.

Trading recommendations:

Sell the pair with a possible target of 1.1245.

Gold futures fluctuated in a narrowly bullish range during the Asian session to see their second rebound in four sessions from its lowest since June 20, defying the positive stability of the US dollar index according to the inverse relationship between them amid a lack of economic data Thursday by the economy The largest economy in the world because of the Independence Day holiday in the United States of America.

At 15:50 GMT Gold futures for delivery of August 15 rose 0.05% to currently trading at 1,422.30 $ an ounce compared to the opening at $ 1,421.60 an ounce, knowing that the contracts started today's trading on the gap of a bullish price after the close of trades Yesterday at $ 1,420.90 an ounce, while the dollar index rose 0.02% to 96.73 compared to the opening at 96.71.

Looking ahead to Friday's release of US labor market data, which may reflect a stable unemployment rate at 49-year low of 3.6%, the markets are expecting little change from May amid expectations that the Non-Farm Payrolls The pace of job creation to 164 thousand jobs compared to 75 thousand jobs, and reading the average hourly income growth accelerated to 0.3% compared to 0.2%.

This comes hours after the reading of the index of change in private sector jobs, which is preliminary data for the labor market, accelerated the creation of jobs to 102 thousand jobs compared to 41 thousand jobs in May, below expectations for 140 thousand jobs added, The US labor market is among the important reports that weigh heavily on the decisions and directions of the Fed's monetary policymakers.

Technical Analysis

The price of gold continues to fluctuate around 1425.00, and the price is still within the ascending channel shown in the image, noting that the stochastic begins to provide a positive crossover now, which is a positive incentive to wait to contribute to pay the price for the resumption of the bullish main trend, which targets start with the breach of 1439.00 to open The road ahead rush towards 1500.00.

Therefore, our bullish outlook remains valid for the next period unless the level of 1400.00 is broken and stability below it.

The trading range for today is expected among the support at 1410.00 and resistance at 1440.00.

 The general trend for today is bullish.

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its rebound to its second-lowest session since June 20 against the US dollar on the eve of economic developments and data expected Thursday by the Euro-zone economies and amid tight economic data On Thursday by the US economy due to the Independence Day holiday in the United States.

At 4:32 am GMT, the pair rose 0.07% to 1.1286, compared with the opening at 1.1278, the pair's low during the session, while the pair reached a high of 1.1295.

Investors are currently eyeing the Eurozone economy as a whole, with the Retail Sales reading showing a rise of 0.4% from April's -0.4%, while the same year's annual reading may show growth accelerating to 1.6% versus 1.5%. Otherwise, we followed yesterday International Monetary Fund director Christine Lagarde, commenting on her candidacy for the European Central Bank (ECB) governor, replacing current governor Mario Draghi, who is reviewing his mandate in October, said she was honored and intended to give up her temporary responsibility in the fund in the run-up to the nomination.

On the other hand, markets are looking ahead to Friday's release of US labor market data last month, which could reflect a stable unemployment rate at 49-year low of 3.6%, unchanged from May, amid expectations that the job-sector index Excluding agriculture, job creation accelerated to 164,000 versus 75,000 jobs, and the median hourly earnings index accelerated to 0.3% from 0.2%.

This comes hours after the reading of the index of change in private sector jobs, which is preliminary data for the US labor market, the pace of job creation accelerated to 102 thousand jobs compared to 41 thousand jobs in May, below expectations for 140 thousand jobs, The US labor market is among the important reports that weigh heavily on the decisions and directions of the Fed's monetary policymakers.

Technical Analysis

The EUR/USD pair continues to decline gradually, where it is under negative pressure formed by SMA 50, which supports the continuation of the bearish trend to test the support of the ascending channel at 1.1240, noting that breaking this level will push the price to visit the most important support at 1.1180.

In general, the bearish trend will remain intact during the coming sessions unless the price breached 1.1350 and stability above it.

The trading range for today is expected between 1.1200 and 1.1350 support.

The general trend for today is bearish.

Cisco is up after testing the support level 54.30 as the stock moves towards the resistance level of 57.16.

The moving averages move below the price and form support levels for the price and pressure it to rise where it's in a bullish order below the price.

Stochastic has emerged from the oversold territory in a bullish signal and increased positive pressure on the price to rise and retest the resistance again.

The general trend of the movement is bullish.

The Australian dollar rallied during the Asian session to see its 11-day session retreat in its 13th session since January 3 against the US dollar following developments and economic data that followed on the Australian economy and amid a lack of economic data Thursday by the US economy due to holiday Independence Day in the United States of America.

At 02:22 GMT, the AUDUSD rose 0.20% to 0.7043, compared to the opening levels of 0.7029, after hitting its highest since May 7 at 0.7048, while its lowest Trading session at 0.7028.

On the Australian economy, the Retail Sales Index rose 0.1% from 0.1% in April, below expectations of a 0.2% rise, coming hours after Tuesday's release of the Reserve Bank of Australia's interest rate statement. Reported a 25 basis point cut for the second consecutive meeting to 1.00% from 1.25%.

On the other hand, markets are looking ahead to Friday's release of US labor market data last month, which could reflect a stable unemployment rate at 49-year low of 3.6%, unchanged from May, amid expectations that the job-sector index Excluding agriculture, job creation accelerated to 164,000 versus 75,000 jobs, and the median hourly earnings index accelerated to 0.3% from 0.2%.

This comes hours after the reading of the index of change in private sector jobs, which are preliminary data for the US labor market, the pace of job creation accelerated to 102 thousand jobs compared to 41 thousand jobs in May, below expectations for 140 thousand jobs added, The US Labor Market Report is an important report that weighs heavily on the decisions and directions of monetary policy makers at the Fed.

Technical Analysis

The AUDUSD is testing the 0.7044 pivotal resistance and is still below it, awaiting the resumption of the bearish trend targeting 0.6900 initially.

Keep in mind that a break of 0.7044 and a daily close above it will stop the suggested negative scenario and lead the price to further short-term bullish correction, heading towards the 0.7252 zones as the next major station.

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.

The US dollar fluctuated in a narrow range slipping into the US session to see its fourth session retreat since June 19 against the Japanese yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and the absence of the US market on Thursday because of the holiday day Independence in the United States is the largest economy in the world.

At 06:55 GMT, the pair dropped 0.01% to 107.80, compared to the opening levels at 107.81, after reaching a low of 107.71, while the highest at 107.84.

Japanese Prime Minister Shinzo Abe on Wednesday expressed his confidence that BOJ Governor Haruhiko Kuroda could achieve his country's monetary policy objectives, adding that his government does not see the Japanese central bank's easing monetary policy as a failure, adding that the Japanese government wants to draw Bank of Japan monetary policy to be favorable with economic conditions.

On the other hand, markets are looking ahead to Friday's release of US labor market data last month, which could reflect a stable unemployment rate at 49-year low of 3.6%, unchanged from May, amid expectations that the job-sector index Excluding agriculture, job creation accelerated to 164,000 versus 75,000 jobs, and the median hourly earnings index accelerated to 0.3% from 0.2%.

This comes hours after the reading of the index of change in private sector jobs, which are preliminary data for the US labor market, the pace of job creation accelerated to 102 thousand jobs compared to 41 thousand jobs in May, below expectations for 140 thousand jobs added, The US Labor Market Report is an important report that weighs heavily on the decisions and directions of monetary policy makers at the Fed.

Technical Analysis

The USD/JPY pair is testing the resistance of the descending channel shown in the picture, and the SMA 50 meets this resistance to add more strength to it, while Stochastic loses its positive momentum and starts to provide a negative cross signal now.

Therefore, these factors encourage us to continue to hold the downside for the next period, with the next main target at 106.78, while stability below 108.10 is an important condition for its continuation.

The trading range for today is expected among the support at 107.00 and the resistance at 108.40.

The general trend for today is bearish.