Analytic reviews

NZDUSD

The pair is falling after having reached a local maximum. It’s likely to continue consolidating within the range of 0.6655–0.6715 due to the holiday in the US.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and has reversed downwards. Stoch are also falling.

Trading recommendations:

Sell the pair after it goes below 0.6690 with a possible target of 0.6655.

EURUSD

The pair is trading above 1.1280. It’s expected to resume falling due to the likelihood of new, extended economic stimulus measures by the ECB.

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 indicate weaker growth.

Trading recommendations:

Sell the pair after it goes below the level of 1.1280 with a possible target of 1.1240.

Gold futures rallied during the Asian session to see its highest since June 25, when it tested its highest since May 14, 2013 amid a decline in the dollar index for the second straight session from its highest since June 20 According to the opposite relationship between them on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world.

Gold futures for August delivery rose 0.26% to currently trade at $ 1,428.40 per ounce compared to the opening at $ 1,424.70 an ounce. The contracts opened today at a bullish price gap after closing Yesterday at $ 1,408.00 an ounce, amid the dollar index fell 0.03% to 96.70 compared to the opening at 96.73.

Investors are currently waiting for the US economy to release preliminary data for the labor market with the reading of the Change in Private Sector Index, which may reflect the acceleration of job creation to 140,000 added jobs versus 27,000 jobs added in May, hours before the disclosure On Friday for the monthly report of non-agricultural jobs and unemployment rates in addition to the average income per hour for the last month.

This comes ahead of the June 29 reading of the Jobless Claims Index, which may reflect a drop of 7K to 220K. The ongoing Jobless Claims Index for the week ending 22 May may also show a decline of 7K To 1,681 thousand, with the release of the trade balance, which may reflect a widening deficit to $ 53.2 billion versus $ 50.8 billion in April.

Leading to the final reading of the index of the Institute of Supply Services by Markit for America, which may reflect the stability of the expansion at 50.7, not significantly changed from the initial reading and compared to 50.9 in May, before the disclosure of the index of the Institute of Supply Service, which may show a contraction of breadth to 56.1 compared to 56.9 in May, in conjunction with a factory demand reading, which may indicate a contraction of the decline to 0.4% versus 0.8% in April.

Otherwise, at the weekend, we followed the report of the US administration's proposal to impose US $ 4 billion in import duties on the United States. In the same vein, US Trade Representative Robert Leahyzer said that Washington wanted to punish Brussels for granting it In support of European aircraft maker Airbus, which gives it a competitive edge at the expense of Boeing.

Which has worried investors from turning US trade protectionism under the administration of US President Donald Trump to the European Union in the wake of Trump reached with his Chinese President Shi Jinping during the summit of the G20 summit in Japan last weekend to agree not to impose new tariffs On each other's goods and work to support the resumption of trade talks between Washington and Beijing.

Technical Analysis

The price of gold rallied sharply yesterday evening to achieve the positive target mentioned in our latest technical update at 1439.00, to return to the main ascending again, noting that the breach of the mentioned level will extend the upside wave to target areas of 1500.00 in the coming period.

Therefore, the bullish trend will be likely for the next period unless the level of 1400.00 is broken and stability below it, as breaking it will return the price to the downside correction.

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 narrowly bullish range during the Asian session to see its rebound to its second-lowest session since June 20 against the US dollar on the brink of economic developments and data expected Wednesday by Eurozone economies and the US economy. In the world.

At 4:34 am GMT, the EURUSD rose 0.04% to 1.1289, compared to the opening at 1.1285, after the pair reached a high of 1.1295 and a low of 1.1284.

The markets are looking for Spain, the fourth largest economy in the euro zone, to reveal the PMI service index, which may show a contraction of 52.7 versus 52.7 last May, before we see the same indicator for Italy, the third largest economy in the region. The stability of the widening at 50.0 was unchanged from May.

Investors are also looking for France, the second-largest economy in the euro area, to reveal the final reading of the PMI index, which may show the stability of the widening at 53.1 unchanged from the previous reading of the previous month, compared to 51.5 in May, before the final reading of the same index of Germany's largest economies Region, which may also show the stability of the widening at 55.6, unchanged from the previous preliminary reading, from 55.4 in May.

To show the final reading of the PMI for the Euro-Zone as a whole, which may show the stability of the widening at 53.4, unchanged from the previous reading, versus 52.9 in May. Otherwise, we followed yesterday the ECB member Philip Lin expressed interest rates The current low is temporary but will last for some time, and the ECB has not reached the inflation target which supports the expansion of monetary easing.

On the other hand, the markets are currently waiting for the US economy to release preliminary data for the labor market with the publication of the index of change in private sector jobs, which may reflect the acceleration of job creation to 140 thousand added jobs compared with 27 thousand jobs added in May, before Hours of detection on Friday of the monthly report of non-farm jobs and unemployment rates in addition to the average hourly income for the last month.

This comes ahead of the June 29 reading of the Jobless Claims Index, which may reflect a drop of 7K to 220K. The ongoing Jobless Claims Index for the week ending 22 May may also show a decline of 7K To 1,681 thousand, with the release of the trade balance, which may reflect a widening deficit to $ 53.2 billion versus $ 50.8 billion in April

Leading to the final reading of the index of the Institute of Supply Services by Markit for America, which may reflect the stability of the expansion at 50.7, not significantly changed from the initial reading and compared to 50.9 in May, before the disclosure of the index of the Institute of Supply Service, which may show a contraction of breadth to 56.1 compared to 56.9 in May, in conjunction with a factory demand reading, which may indicate a contraction of the decline to 0.4% versus 0.8% in April.

Otherwise, at the weekend, we followed the report of the US administration's proposal to impose US $ 4 billion in import duties on the United States. In the same vein, US Trade Representative Robert Leahyzer said that Washington wanted to punish Brussels for granting it In support of European aircraft maker Airbus, which gives it a competitive edge at the expense of Boeing.

Technical Analysis

The EUR/USD pair showed positive attempts yesterday but rebounded to settle near 1.1280 again. The bearish scenario remains valid for the coming sessions, supported by the negative pressure formed by the SMA 50, awaiting targeting of 1.1235 and 1.1180 as next major stations.

Stochastic is providing a negative signal to support the bearish outlook, while stability below 1.1350 is an important condition for the continuation of the suggested bearish bias.

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

The general trend for today is bearish.

The Australian dollar fluctuated in a tight range slipping into the Asian session to see its rebound for the second session in three sessions of its highest since May 7 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 Wednesday from Ahead of the US economy, the world's largest economy.

At 2:18 am GMT, the AUDUSD dropped 0.03% to 0.6992, compared with the opening levels of 0.6994, after recording a low of 0.6985 and a high of 0.6997.

On the Australian economy, we saw the reading of the services sector index, which showed a contraction of 52.2 versus 25.5 in May, before we saw the release of housing market data with the building permits reading showing a rise of 0.7% compared to 3.4% In April, surpassing expectations for stability at zero levels, while the annual reading of the same index shrank to 19.6% against 23.4%, well above expectations that the decline to 21.5%.

Leading to the reading of the trade balance index, which showed a surplus to A 5.75 billion Australian dollars compared to 4.82 billion Australian dollars in April, exceeding expectations that the surplus widened to A $ 5.25 million, following the hours of disclosure of the Reserve Bank statement Australian interest rate, which was cut by 25 basis points for the second consecutive meeting to 1.00% from 1.25%, and the talk of Governor of the Central Bank of Australia Philippe Lowy at the dinner of the Board of Directors of the Central Bank of Australia in Darwin.

On the other hand, investors are currently waiting for the US economy to release preliminary data for the labor market with the release of the index of change in private sector jobs, which may reflect the acceleration of job creation to 140 thousand added jobs compared to 27 thousand jobs added in May, before Hours of disclosure of the monthly report of non-agricultural jobs and unemployment rates in addition to the average income per hour for the last month.

This comes ahead of the reading of the index of requests for aid for the week ending June 29, which may reflect a decrease of 7 thousand applications to 220 thousand applications, as may show reading the index of continuing claims for the week of last 22 of last month also decreased by 7 thousand To 1,681 thousand, with a trade balance reading that could reflect a widening deficit to $ 53.2 billion versus $ 50.8 billion in April.

Leading to the final reading of the index of the Institute of Supply Services by Markit for America, which may reflect the stability of the expansion at 50.7, not significantly changed from the preliminary reading for June and compared to 50.9 in May, before the disclosure of the index of the Institute of Supply Service, which may appear shrinking Widened to 56.1 versus 56.9 in May, in conjunction with a factory demand reading, which may indicate contraction of the decline to 0.4% vs. 0.8% in April.

Technical Analysis

The AUDUSD is slightly bullish to test the 0.7000 barrier, but since the price is below 0.7044, our bearish outlook remains valid for today, supported by the negative sign from Stochastic, pending a resumption of the bearish trend targeting 0.6900 as the next major station.

The trading range for today is expected among the support at 0.6930 and the resistance at 0.7044.

The general trend for today is bearish.

Aeroflot returned to the upside after falling in the last three sessions.

Where the stock rises near the top at 102.87.

The price is moving above the moving averages moving below it in the ascending order of 7-20-50, respectively.

The price above the support 59.66 is a prerequisite for the continuation of the uptrend.

Stochastic in a side track after it is discharged from the saturation area of the purchase.

General trend of the movement: upward.

The US dollar fell during the US session to witness a rebound to the third session of the highest 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 on the eve of developments and economic data expected Wednesday by the US economy largest economy In the world.

At 06:02 GMT, the greenback was down 0.19% to 107.68 from the opening level at 107.88 after recording a low of 107.53 and a high of 107.92.

Investors are currently waiting for the US economy to release preliminary data for the labor market with the reading of the index of change in private sector jobs, which may reflect the acceleration of job creation to 140 thousand jobs added to 27 thousand jobs added in May, Friday's release of the monthly report on non-agricultural jobs and unemployment rates in addition to the average hourly income for the last month.

This comes ahead of the June 29 reading of the Jobless Claims Index, which may reflect a drop of 7K to 220K. The ongoing Jobless Claims Index for the week ending 22 May may also show a decline of 7K To 1,681 thousand, with the release of the trade balance, which may reflect a widening deficit to $ 53.2 billion versus $ 50.8 billion in April.

Leading to the final reading of the index of the Institute of Supply Services by Markit for America, which may reflect the stability of the expansion at 50.7, not significantly changed from the initial reading and compared to 50.9 in May, before the disclosure of the index of the Institute of Supply Service, which may show a contraction of breadth to 56.1 compared to 56.9 in May, in conjunction with a factory demand reading, which may indicate a contraction of the decline to 0.4% versus 0.8% in April.

Technical Analysis

The USD/JPY pair traded with a strong negative yesterday to break the 107.95 level and return to the descending channel shown on the chart above, to stop the bullish correction that the price started recently and resume the main descending path on its way to visit the recent low at 106.78 as the first stop.

Therefore, the bearishness will be likely for today unless 108.10 is breached and a daily closing above it.

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.

Google shares rose after the decline to trade at the resistance of 1099.43 at 61.8% Fibonacci retracement, where it managed to penetrate last week.

Price action under the negative pressure effect of the moving averages, especially the moving average 50 which approached the resistance 1136.14. And the moving average 20 which is moving below the price.

Stochastic is coming out of oversold areas in a sign of continued bullishness.

General direction of the movement: ascending path.

Gold futures rallied during the Asian session to rebound to its second lowest session since June 20, negating the positive stability of the US dollar index, adding to its fourth session in six sessions from its lowest since March 20 according to the inverse relationship Between them amid a lack of economic data Tuesday by the US economy, the largest economy in the world.

Gold futures for August delivery rose 0.41% to currently trade at $ 1,391.90 per ounce from the opening price of $ 1,386.20 an ounce. The contracts started today trading on a bearish price gap after closing Yesterday at $ 1,389.30 per ounce, while the dollar index rose 0.03% to 96.84 compared to the opening at 96.81.

Investors are waiting for what Federal Open Market Committee (FOMC) Chairman and Federal Reserve Bank of New York Chairman John Williams, who is scheduled to take part in a panel discussion on the future of global economic and monetary policy at the Zurich event, This comes amid the markets looking for any hints about the future interest rates on federal funds, especially after the decline of market expectations relative to the reduction during the next meeting of the Federal Commission.

Other than that, last weekend we followed US President Donald Trump's announcement of a trade truce with China and that Chinese technologies were allowed to buy US products. In return, Chinese President Xi Jinping noted his country's intention to resume buying US agricultural products, Stimulating risk appetite in financial markets earlier this week, before we see the US administration's proposal yesterday to impose tariffs on European goods worth $ 4 billion, which in one way or another rekindles concerns about US trade protectionism.

Technical Analysis

The price of gold touched the support of the ascending channel and stabilizes its proximity, and it is difficult to overcome it until now, while the negative impact of the double top pattern remains effective, awaiting the price to achieve further decline and touching 38.2% Fibonacci at 1376.30, which is our next main target.

Therefore, we will continue to push the downside if the price does not push to breach the 1400.00 level and stability above it, noting that a break of 1376.30 will push the price to 1357.00 directly.

The trading range for today is among the support at 1370.00 and resistance at 1400.00.

The general trend for today is bearish.

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its lowest rebound since June 20 against the US dollar on the eve of economic developments and data expected on Tuesday by the Euro-Zone economies and amid a lack of economic data by The US economy is the largest economy in the world.

At 5:11 am GMT, the EURUSD rose 0.03% to 1.1289, compared to the opening at 1.1286, after reaching the highest level at 1.1290, while the pair reached its lowest level in two weeks at 1.1275.

The markets for Germany, the biggest economy in the eurozone, are looking for a reading of the Retail Sales Index, which could reflect a 0.5% rise from April's -2.0% decline, while the same index may slow growth to 2.7% versus 4.0% before we see By France's second-largest economy revealed the treasury budget for last month.

Leading to the reading of Spain's Unemployment Change, the fourth-largest economy in the euro zone, which could reflect a widening of the decline to 90.0K from 84.1K in May before we see the economies of the region as a whole Detect inflation data with the PPI reading May reflect a 0.1% growth versus a 0.3% contraction in April, while the annualized reading for the same index may show a slowdown in growth to 1.8% versus 2.6%.

On the other hand, investors are currently looking forward to what Federal Reserve Federal Reserve Chairman and Federal Reserve Bank of New York Chairman John Williams, who is scheduled to take part in a panel discussion on the future of global economic and monetary policy at the event in Zurich, Swiss Union.

Technical Analysis

EURUSD is trading at 1.1280 after yesterday's strong drop, and we still expect the bearish bias to continue to support the bullish channel which is now rising to 1.1230, noting that this resistance to the current negative pressure will push the pair upwards And resume the main bullish trend again.

All in all, the bearishness will remain bearish for the next sessions unless the price is pushed to breach the 1.1350 level and stabilize above it.

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

The general trend for today is bearish.