Analytic reviews

The US dollar fluctuated in a tight range slipping towards the Asian session to see its sixth rebound in 10 sessions of its highest since December 20 against the Japanese yen amid tight economic data by the Japanese economy, the third largest economy in the world and the developments and economic data expected On Tuesday by the US economy, the world's largest economy.

At 05:56 am GMT, the pair dropped 0.12% to 110.63 from the opening levels at 110.76 after the pair reached a low of 110.59 and a high of 110.85.

Investors are currently eyeing the US economy for a statistical reading of job opportunities and job turnover, which could reflect a rise to 7.35 million from 7.09 million in February, hours after the release of labor market data at the end of last week, Unemployment has been at its lowest level in 49 years to 3.6% from the March reading and expectations at 3.8%.

In the same context, we also followed last Friday showed that the index of change in jobs in sectors other than agriculture accelerated the pace of job creation to 263 thousand added jobs compared to 189 thousand jobs added in March, while reading the average income per hour stabilizing the pace of growth at 0.2%, unchanged from March, in contrast to expectations for a faster growth of 0.3%.

Otherwise, investors are looking forward to what FedEx Federal Reserve Vice President Randall Quarles will talk about financial regulation at the Leaders' Forum discussion event hosted by Yale University in Connecticut, following the Federal Commission last week to stay. On interest rates at between 2.25% and 2.50%, which came in line with expectations then.

Technical Analysis

The USDJPY tested and maintained its stability below 110.86, accompanied by the emergence of a negative cross signal on the 4 hour timeframe, posing a negative incentive. We expect the pair to stimulate the resumption of the bearish correction, which has the next target at 110.08.

Therefore, we will continue to tilt the downside move for today unless 110.86 is breached and stability above it, while mentioning that breaking the target level will extend the downside wave to reach 109.44 as the next target.

The trading range for today is expected among the key support at 109.80 and the resistance at 111.10

The general trend for today is bearish

Google shares were affected by the rest of the US negative shares with the opening of trading this week as the stock opened trading with a price gap to lose the stock about $ 120 of its value.

The price is trading below the moving averages, especially the moving average 50 which has become resistance to the price.

This move pushed the Stochastic to the oversold areas and is trying to get out of it and push the price higher.

The movement is not clear so we commit to neutrality

Gold futures futures fluctuated in a narrowly bullish range to see their rebound to its fourth session since December 24 as the dollar index fell for the sixth session in eight sessions from its highest since May 16, 2017 according to the inverse relationship between them On the eve of economic developments and data expected Tuesday from the US economy, including the talk of Deputy Governor of the Federal Reserve and a member of the Federal Open Market Committee Randall Quarles in Connecticut.

Gold futures for June delivery rose 0.14% to currently trade at $ 1,284.10 an ounce, showing an annualized low of $ 1.282.40 per ounce, amid the decline of the US Dollar 0.16 % To 97.40 levels, showing a two-year uptrend from the top as compared to the opening at 97.52.

The markets are currently looking to the US economy for a statistical reading of employment opportunities and job turnover, which may reflect a rise to 7.35 million from 7.09 million in February, hours after the release of labor market data at the end of last week, which showed low rates Unemployment has been at its lowest level in 49 years to 3.6% from the March reading and expectations at 3.8%.

In the same context, we also followed last Friday showed that the index of change in jobs in sectors other than agriculture accelerated the pace of job creation to 263 thousand added jobs compared to 189 thousand jobs added in March, while reading the average income per hour stabilizing the pace of growth at 0.2%, unchanged from March, in contrast to expectations for a faster growth of 0.3%.

Technical Analysis

Gold continues to fluctuate around 1282.00 and remains stuck between the resistance and the support at 1275.30. As we mentioned yesterday, the price needs to surpass one of these levels to determine its next target more precisely, which keeps us neutral so far.

We will mention that breaching the mentioned resistance will push the price to gain at 1302.60, while breaching the support will press the price to resume the corrective correction which is at 1253.20.

The trading range for today is among the support at 1270.00 and resistance at 1295.00

The expected general trend for today: neutral

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its sixth session retreat in eight sessions from its lowest since May 30, 2017 against the US dollar on the eve of economic developments and data expected Tuesday by the economies of the region The euro and the US economy are the largest economy in the world.

At 05:22 GMT, the EURUSD rose 0.12% to 1.1212 compared to the opening at 1.1199, after reaching the highest level at 1.1214, while reaching a low of 1.1191.

The markets are looking ahead to the German economy's biggest reading of the factory demand index, which could rise 1.6% from 4.2% in February, before France's second-largest economy saw a reading of the trade balance, The deficit widened to 4.5 billion euros from 4.0 billion euros in February, leading to the European Commissioner's economic forecast for the region as a whole.

On the other hand, the markets are currently looking to the US economy for a statistical reading of employment opportunities and job turnover, which may reflect a rise to 7.35 million versus 7.09 million in February, a few hours after the release of labor market data at the end of last week. Showed the lowest unemployment rate in 49 years to 3.6% from the previous March and expectations at 3.8%.

In the same context, we also followed last Friday showed that the index of change in jobs in sectors other than agriculture accelerated the pace of job creation to 263 thousand added jobs compared to 189 thousand jobs added in March, while reading the average income per hour stabilizing the pace of growth at 0.2%, unchanged from March, in contrast to expectations for a faster growth of 0.3%.

Technical Analysis

The narrow range continues to dominate the EUR / USD, which remains steady below 1.1250, keeping our bearish outlook intact for the coming period, supported by the negative pressure formed by SMA 50, with our awaited targets starting at 1.1100 and 1.1000 .

The trading range for today is expected between 1.1100 and 1.1260 support

The general trend for today is bearish

The Australian dollar fluctuated in a narrow bullish range during the Asian session to see its second straight session retreat since January 3 against the US dollar following the economic developments and data that followed it on the Australian economy and on the heels of the decisions and directions of monetary policy makers at the Bank Australia's reserves, data and economic developments are expected Tuesday by the US economy, the world's largest economy.

At 02:46 GMT, the AUDUSD rose 0.13% to 0.7000 from the opening levels of 0.6991, after reaching a high of 0.7004, while the lowest at 0.6981.

We followed the Australian economy by reading the Australian Industrial Group's manufacturing index, which showed a contraction of 42.6 versus 45.6 in March, before we saw the Retail Sales Index showing a slowdown of 0.3% 0.9% in February, beating expectations that the pace of growth slowed to 0.2%.

This came in line with the release of the trade balance, which showed that the surplus narrowed to A $ 4.95 billion from A $ 5.14 billion in February, well above expectations that the spread would widen to A $ 4.49 billion, The Australian central bank's interest rate statement amid expectations of a 25 basis point reduction in benchmark prices to 1.25% from 1.50%.

On the other hand, the markets are currently looking to the US economy for a statistical reading of employment opportunities and job turnover, which may reflect a rise to 7.35 million versus 7.09 million in February, a few hours after the release of labor market data at the end of last week. Showed the lowest unemployment rate in 49 years to 3.6% from the previous March and expectations at 3.8%.

In the same context, we also followed last Friday showed that the index of change in jobs in sectors other than agriculture accelerated the pace of job creation to 263 thousand added jobs compared to 189 thousand jobs added in March, while reading the average income per hour stabilizing the pace of growth at 0.2%, unchanged from March, in contrast to expectations for a faster growth of 0.3%.

Technical Analysis

The AUDUSD has been trading sideways and narrow since yesterday, maintaining stability below 0.7044, so there is no change to the expected bearish scenario over the short term and intraday basis, which depends on the stability below the mentioned level, while the next target resides at 0.6905.

The trading range for today is among the key support at 0.6920 and resistance at 0.7044

The general trend for today is bearish

The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its fifth session retreat in seven sessions from its lowest level since May 30, 2017 against the US dollar on the brink of economic developments and data expected Monday by regional economies The euro and the sluggish economic data at the weekend by the US economy, the world's largest economy.

At 05:08 GMT, the EURUSD rose 0.16% to 1.1189, compared with the opening at 1.1171, after the pair reached a high of 1.1200 and a low of 1.1159. The pair started trading this week on a bearish price gap after closing last week at 1.1198.

The markets are looking ahead to the euro zone's fourth-largest economy to release the Unemployment Change Index, which could reflect a widening of the decline to 85.0K versus 34.0K in March, before the release of the PMI reading for Spain which may appear The spread narrowed to 54.9 versus 56.8 in March.

The third largest economy in the euro area may also see Italy's PMI reading, which may extend to 54.4 versus 53.1 in March, leading to the final reading of the PMI for both France and Germany, which may show the stability of the widening At 50.5 with little change from the previous reading in France last month and against a contraction of 49.1 in March.

And the stability of the widening at 55.6 in Germany, the largest economy of the Boro region compared to 55.4 in March, and may reflect the final reading of the index for the euro area as a whole stability of expansion at 52.5 and 53.3, and this comes before we see the disclosure of the Sintex Consumer Confidence Index for the region as a whole, To 1.1 versus 0.3 in April.

And to the release of retail sales reading for the euro area as a whole, which may show a 0.1% drop from 0.4% in February, while the annualized reading of the same index may show a slowdown in growth to 1.6% versus 2.8%. European Commission President John-Claude Juncker expressed his support for German Central Bank President Fiedman to take over the post of ECB governor, replacing current Governor Mario Draghi.

Technical Analysis

The EUR / USD pair fluctuates around 1.1180, and the price remains below pivotal resistance 1.1243, while SMA 50 is a continuous negative pressure against the price, which encourages us to hold onto our bearish outlook, awaiting a visit to the 1.1100 level.

A break above the mentioned level will push the price directly to 1.1000, while breaching 1.1250 will halt the expected decline and push the price to start intraday intraday recovery attempts.

The trading range for today is expected between 1.1100 and 1.1250 support

The general trend for today is bearish

Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its third-lowest session since December 24 as the US dollar index fell for the fifth session in seven sessions from its highest since May 16 of 2017 according to their inverse relationship amid a lack of economic data at the weekend by the US economy, the largest economy in the world and on the threshold of a recent member of the Federal Open Market Committee and New York Bank President John Williams in New York on Monday.

Gold futures for June delivery rose 0.36% to currently trade at $ 1,284.80 per ounce from $ 1.281.80 per ounce, while the US dollar index fell 0.03% to 97.53 compared to the opening at 97.56. .

Investors are waiting for Federal Reserve Chairman and New York Bank Chairman John Williams to speak at the Bankers' annual breakfast later in the day, following Fed approval by monetary policy makers last week to keep interest rates at between 2.25 percent and 2 percent. 50% and to take the lead in further reducing the reduction of bond buybacks before freezing them by September.

Technical Analysis

The price of gold shows new positive trading to test the 1282.00 level and is trying to breach it, which requires attention from the coming trades. A breach of this level will stop the negative scenario suggested in our recent reports and push the price to reach 1302.60 in the near term while the decline and trading below 1275.30 will return the price. To the downside correction which has the next target at 1253.20.

From here, we prefer to remain neutral until the price confirms its position for the levels of 1282.00 and 1275.30.

The trading range for today is among the support at 1270.00 and resistance at 1295.00

The expected general trend for today: neutral

The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound from its lowest level since March 28 against the Japanese Yen amid a lack of economic data at the weekend by the Japanese economy due to the childhood holiday there and in the shadow of the longest vacation in Japan's history Following the inauguration of Crown Prince Naruhito as Emperor of Japan and on the threshold of a new member of the Federal Open Market Committee and New York Bank President John Williams in New York on Monday.

At 05:56 am GMT, the pair rose 0.06% to 110.79 from the opening level at 110.72, after reaching the highest level at 110.85, while the highest in six weeks at 110.28 , And we would like to point out that the pair started trading this week on a bearish price gap after closing last week at 111.10.

Investors are waiting for Federal Reserve Chairman and New York Bank Chairman John Williams to speak at the Bankers' annual breakfast later in the day, following Fed approval by monetary policy makers last week to keep interest rates at between 2.25 percent and 2 percent. 50% and to take the lead in further reducing the reduction of bond buybacks before freezing them by September.

Federal Reserve Governor Jerome Powell confirmed Wednesday that the Federal Reserve continues to be "patient" about raising interest rates on federal funds, citing the continued strength of the economy and the labor market, and that the core inflation rate remains below the Federal Reserve's target of two Adding that there was no need to raise or lower interest rates at the moment, while stressing the independence of monetary policy.

Technical Analysis

The USD / JPY pair opened today with a strong decline to surpass our first target of 110.86 and settle below it, near our second target at 110.08, supporting the short term downside correction extension, noting that the recent move will push the price to 109.44 as a major stop deification.

Hence, the bearish bias will remain dominant during the coming sessions supported by SMA 50, noting that a break of 110.86 will push the price to start attempts to return to the main bullish trend again.

The trading range for today is expected among the support at 109.50 and the resistance at 111.00

The general trend for today is bearish

Sberbank is up again after last week's drop

The support level stood at 224.79 in front of the price and pushed the rebound upwards towards resistance 238.53

The move is within a bullish path with a positive effect from SMA 50 as it moves below the price and forms support levels while the SMA 20 is a resistance level

The stochastic reached the oversold area and came out of it, indicating that the 238.53 resistance level might be tested again

The expected movement between support 219.12.00 and resistance 247.20

General trend of the movement: upward

The Australian dollar fluctuated in a narrow range slipping towards the Asian session, its lowest since January 3 against the US dollar following developments and economic data that followed Monday on the Australian economy and following the threat of US President Donald Trump to return tariffs on goods and goods An incoming Chinese for his country is estimated at $ 200 billion and raising the fee from 10% to 25% by next Friday.

At 3:12 am GMT, the Australian dollar fell 0.14% to 0.6973 from the opening levels of 0.6983, after hitting a four-month low of 0.6963, while the highest at 0.6998, We would like to point out that the pair started trading this week on a bearish price gap after closing last week at 0.7018.

We have followed the Australian economy by reading the inflation gauge index by the Melbourne Institute (MI) which showed a slowdown in growth to 0.2% compared to 0.4% in March. The annual reading of the index also showed a slowdown of growth to 1.8% versus 2.1% Before we saw the reading of the employment index, which reflected the contraction of the decline to 0.1% compared to 1.7% in four months.

Elsewhere, markets are looking to unveil many important economic data for the Australian economy on Tuesday, including the decisions and directions of the Reserve Bank of Australia's monetary policy makers as the Australian central bank releases interest rates amid expectations of a 25 basis point cut to 1.25% 1.50%.

Technical Analysis

The AUDUSD is showing a slight bearish bias below the 0.7000 barrier, and therefore our bearish outlook remains valid for the coming period, noting that our first target is at 0.6905, breaking the key towards 0.6800 as the next target.

On the other hand, it should be noted that the continuation of the expected decline depends on stability below 0.7044.

The trading range for today is expected among the support at 0.6920 and the resistance at 0.7020

The general trend for today is bearish