Analytic reviews

United States dollar fluctuated in a narrowly bullish range during the US session to see its rebound for the second consecutive session from its lowest level since Jan. 3 against the Japanese yen amid a lack of economic data earlier this week by the Japanese economy, the world's third largest economy and counterpart The US economy is the world's largest economy on Tuesday as the G-20 summit awaits.

The USD/JPY pair opened today's trading session with a significant bearish trend, where it crossed the 107.00 barrier, reinforcing expectations for a continuation of the bearish trend in the coming period, which is formed within the descending channel, supported by the negative pressure formed by SMA 50, noting that our awaited targets start at 106.75 and extend to 106.00.

In contrast, we note that a break of 107.80 will stop the suggested decline and push the price to test the level of 108.50 before returning to the downside again.

The trading range for today is expected among the support at 106.30 and the resistance at 107.70.

The general trend for today is bearish.

USDJPY

The pair is still under pressure caused by two factors. First, there’s a risk of an armed conflict between the US and Iran, second, the Fed is likely to start reducing interest rates this year.

The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is not informative. Stoch are in the oversold territory and also not informative.

Trading recommendations:

If the pair takes hold below 107.10, it may drop further down to 106.00 due to the overall negativity on the part of investors towards the USD.

Google shares rise after the decline to surpass the resistance 1099.43 at 61.8% Fibonacci retracement, where it managed to break through the resistance and close above it.

Price action under the negative pressure effect of the moving averages, especially the moving average 50 which approached the resistance 1137.14. And the moving average 20 which is moving below the price.

Stochastic is due to movement within the areas of saturation of the purchase in reference to the continuation of the rise as long as the index did not come out of this region.

General direction of the movement: ascending path.

Gold prices rose today as investors sought precious metals as a safe haven and avoided the US dollar as the G20 summit awaited.

US President Donald Trump has said he will hold a meeting with his Chinese counterpart, Xi Jinping, during which lengthy discussions will be held to resolve the trade dispute between the two countries.

For its part, warned the World Trade Organization to increase trade barriers between major economies at the G20 summit - ahead of the meeting on Friday and Saturday - especially the United States and China.

Gold futures for August delivery rose 0.31% to currently trade at $ 1,429.20 per ounce compared to the opening at $ 1,418.60 an ounce, reaching a high of 1438.70. The contracts opened this week on a gap After closing the week at $ 1,400.10 an ounce, with the dollar index falling 0.07% to 96.12, showing a three-month low against the opening at 96.18.

Technical Analysis

Gold is going up strongly to reach our awaited target at 1433.60, and shows more bullishness at the beginning of today's trading, indicating that the uptrend continues to prevail over the short term and intraday basis, noting that the next target extends to 1477.00 zones.

SMA 50 continues to support the suggested bullish wave, awaiting further upside over the coming sessions, provided that the pair remains stable above 1420.00 as a breach of this level will press the price to start a bearish correction over the intraday basis before resuming the expected rally.

The trading range for today is among the support at 1415.00 and resistance at 1455.00.

The general trend for today is bullish.

The single currency of the European Union region fluctuated in a narrowly bearish range during the Asian session as the G20 summit awaited

At 0537 GMT, the EURUSD dropped 0.08% to 1.1386 compared to the opening at 1.1396

Technical Analysis

EURUSD is showing a further bullish upward trend gradually approaching our target at 1.1443. As noted in our recent reports, breaching this level will push the price to visit 1.1565 as the next major station.

In general, we continue to favor the bullish trend over the coming period unless the 1.1320 level is broken and stability below it.

The trading range for today is expected among the key support at 1.1320 and resistance at 1.1480.

The general trend for today is bullish.

AUDUSD continues to fluctuate at SMA 50 without being able to breach it until now, waiting for a positive incentive to push the pair to break the barrier towards 0.7044 which is our next positive target.

In general, we continue to favor the upside for the coming period unless the level of 0.6865 is broken and stability below it.

The trading range for today is expected among the support at 0.6900 and the resistance at 0.7020.

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, its lowest since March 22 against the US dollar on the brink of developments and economic data expected Monday by the biggest euro area economies Germany and amid a lack of economic data by The US economy is the world's largest economy earlier this week.

At 5:37 am GMT, the EURUSD rose 0.08% to 1.1378 compared to the opening at 1.1360, the pair's lowest level during the trading session, while the pair reached its highest level in three months at 1.1386, The week started at a low price gap after closing last week at 1.1369.

Markets are currently looking for the German economy to reveal the IFO Business Climate Index, which may reflect a contraction of 97.4 versus 97.7 in May, and the same indicator of expectations may see a widening to 94.6 versus 95.3 in May , And the reading of the same indicator for the current assessments may also show that the spread widened to 100.3 versus 100.6 last month.

Technical Analysis

EURUSD is showing further bullishness towards the 1.1400 barrier on its way to our main target at 1.1443, and the bullish trend remains likely for today, noting that a breach of the target will extend the upside wave to 1.1565 as the next major stop.

SMA 50 continues to support the suggested bullish wave, noting that stability above 1.1320 represents the first condition for its continuation.

The trading range for today is expected among 1.1300 support and 1.1480 support.

The general trend for today is bullish.

NEW YORK (Reuters) - Gold futures rallied in the Asian session near a six-year high as the US dollar index fell for a fourth straight session as the economic data from the US economy, the world's largest economy, US Federal Reserve Governor Jerome Powell and US President Donald Trump and his Chinese counterpart, Jin Jinping, are due to meet at the G20 summit in Japan.

Gold futures for August delivery rose 0.31% to currently trade at $ 1,408.20 per ounce from the opening price of $ 1,403.60 an ounce. Contracts opened this week at a bullish price gap after closing Last week's trading at $ 1,400.10 per ounce, with the dollar index falling 0.07% to 96.12, showing a three-month low against the opening at 96.18.

"It is not clear after the impact of additional monetary easing on the Australian economy," said Reserve Bank of Australia Governor Philip Lowe. "If everyone is facilitating monetary policy, the impact on exchange rates is futile," he said. The facilitation is effective globally, Central advised him that governments should consider financial spending and infrastructure to stimulate growth and inflation.

ECB President Mario Draghi noted last Tuesday that the ECB does not target specific levels of the euro exchange rate, noting that the continued ambiguity reinforces the risks and that the absence of improvement requires movement, adding that inflationary pressures are still weak and are moving at a slow pace. The European Union will take further monetary stimulus steps unless the pace of growth and inflationary pressures in the euro area improve.

Technical Analysis

Gold opened today with a strong upward trend to test last Friday's high of 1411.80 as the price tries to breach this level, waiting for a definite breach to rally towards our next positive target of 1433.60.

 Stochastic and SMA 50 support the suggested bullish wave, which requires stability to remain above 1380.00.

The trading range for today is among the support at 1390.00 and resistance at 1425.00.

 The general trend for today is bullish.

The US dollar fluctuated in a narrowly bullish range during the US session to see its rebound for the second consecutive session from its lowest level since Jan. 3 against the Japanese yen amid a lack of economic data earlier this week by the Japanese economy, the world's third largest economy and counterpart The US economy is the world's largest economy on Monday.

At 06:22 GMT, the USDJPY rose 0.09% to 107.42 from the opening level at 107.39 after recording the highest level at 107.48 and the lowest at 107.27. The pair started the week at a bullish price gap after closing last week at 107.32.

Last week, Japan's Deputy Finance Minister Masatsu Asakawa said improved trade in services could help the US current account position, saying he did not like to look at the trade imbalance on a bilateral level only, adding that exchange rate volatility was not positive, As he pointed out that there are strong movements in the markets.

Asakawa said that the Japanese Ministry of Finance continues to monitor the markets closely for the time being, noting that it is not possible to predict the direction of the dollar pair against the yen, adding that the Fed has not decided after the rate cut, adding that it supports the monetary policy followed by Before the Bank of Japan, which will act appropriately if currency market movements are violent.

Otherwise, markets are looking ahead to Tuesday's minutes of the BoJ meeting on June 20, in which the Bank of Japan's monetary policy makers agreed to keep interest rates at 0.10%, which was expected in the markets, The release of the monetary policy statement, which addressed the growing concern of external risks and threatens to impede the fragile economic recovery.

On the other hand, investors are looking forward to what Fed Chairman Jerome Powell will talk about the economic outlook and monetary policy at the Council on Foreign Relations in New York. The global markets are also looking forward to the upcoming meeting between US President Donald Trump and his Chinese counterpart Xi Jinping By the end of this week during the events of the G20 summit in Japan.

Technical Analysis

USDJPY pair has retested the previously breached 107.80 level and rebounded from there. The downside movement is valid and valid for the coming sessions, consistently within the descending channel shown on the chart above, supported by stochastic negativity, awaiting 106.75 and 106.00 which represent our targets. The following main.

Keep in mind that a break of 107.80 will push the price to test the 108.50 areas before any new attempt to decline.

The trading range for today is expected among the key support at 106.50 and the resistance at 107.80.

The general trend for today is bearish.

There is nothing new in the movement of the shares of Spear Bank where the price moves at the minimum of the ascending channel in which it moves. Near Resistance 238.53.

Movement is under the influence of moving averages 20-50 moving below the price and forming support levels for the price.

The stochastic is a negative cross and tends to decline.

Expected movement between support 211.40 and resistance 258.39.

General trend of the movement: upward.