Analytic reviews

AUDUSD

The pair is recovering against the backdrop of the local weakening of the USD rate before the Fed meeting that’s to tale place on Mai 1st. The pair is also supported by the renewed US-China trade talks.

The price is below the upper Bollinger band, above SMA 5 and SMA 14. RSI is crossing the level of 50%. Stoch have again reversed upwards.

Trading recommendations:

Sell the pair if it passes 0.7060 with a possible growth to 0.7125.

Sberbank share broke through 224.79 and closed below last week after hitting 247.50 and then rebounded

The Sberbank is in a sideways trend that tends to rally below the 50 MA moving below the price and forming support levels for the price

Stochastic has reached the oversold area and has left the signal to test the resistance level 238.53 again

The expected movement between support 219.12.00 and resistance 247.20

The general trend of the movement: upward

The US dollar fluctuated in a narrow bullish range during the Asian session against the Japanese Yen amid a lack of economic data this week by the Japanese economy in the shadow of the longest vacation in Japan's history of the inauguration of Japanese Crown Prince Naruhito as the emperors of Japan and on the eve of developments and economic data expected on Monday by the economy The largest economy in the world.

At 05:54 GMT, the USDJPY rose 0.01% to 111.61 compared to the opening levels at 111.60, after recording a high of 111.64 and a low of 111.55.

Investors are currently waiting for the US economy to release spending and personal income data, which may reflect a faster growth in personal spending to 0.7% from 0.1% in February, and personal income growth accelerated to 0.4% from 0.2% Personalized depreciation expenditures rose 0.3% against 0.1%, while the same year's annual reading may show growth accelerating to 1.6% versus 1.4%.

Technical Analysis

USD / JPY fluctuates around 111.50, and SMA 50 is a negative pressure against the price, to protect the suggested bearish scenario in our recent reports, which is based on stability below 112.14.

Therefore, we are waiting for negative trading during the coming sessions, with our main target expected at 110.86.

The trading range for today is expected among the support at 110.80 and the resistance at 112.14

The general trend for today is bearish

Gold futures traded in a tight range slipping during the Asian session, shrugging off the US dollar index for the second consecutive session of its highest since May 16 of 2017 according to the inverse relationship between them on the eve of developments and economic data expected on Monday by The US economy is the largest economy in the world.

Gold futures for June delivery fell 0.05% to currently trade at $ 1,287.70 per ounce, compared to the opening at $ 1,289.00 per ounce, while the US dollar index fell 0.08% to 97.97. The highest in almost two years compared to the opening at 98.03.

Investors are currently waiting for the US economy to release spending and personal income data, which may reflect a faster growth in personal spending to 0.7% from 0.1% in February, and personal income growth accelerated to 0.4% from 0.2% Personalized depreciation expenditures rose 0.3% against 0.1%, while the same year's annual reading may show growth accelerating to 1.6% versus 1.4%.

US growth data for the first quarter showed that the growth of the world's largest economy accelerated more than expected to 3.2%, easing markets' concern about the recent slowdown in global growth and boosting risk appetite as expectations of a global economy decline. In an impending recession, especially after China's economy, the world's second-largest economy, has outperformed its economy.

Markets are also looking to kick off the FOMC meeting on Tuesday and Wednesday in Washington amid expectations that Fed monetary policy makers will keep short-term benchmark interest rates at between 2.25% and 2.50% and move forward in reducing returns To buy bonds at $ 50 billion a month until September.

Before we see on Wednesday following the Federal Committee meeting in April and early May the press conference of the Governor of the Federal Reserve Jerome Powell, who recently said that the Committee will be patient about raising the rate of federal funds in the coming period, before reviewing The committee last month raised its expectations for a rate hike this year while maintaining its expectations of a one-year hike next year.

Standard Chartered's experts have recently forecast that gold prices will rise again to last year's high of $ 1,365 an ounce, as prices close to peak selling and falling to the lowest level this year recently, amid the statement that one of the main assumptions that The price recovery may support the Federal Reserve's adherence to the patience policy and its suspension of plans to tighten monetary policy and raise interest rates.

According to experts, the default is based on the Federal Reserve's readiness for a possible recession by 2021, which could support the performance of safe haven gold, as they point to a surge in global central bank purchases and recent high demand for gold by China and India, By the price cycle, accordingly they expect prices to rise to $ 1,365 an ounce and that the average price next year is $ 1,375 an ounce.

Technical Analysis

The price of gold has breached the 1282.00 level after closing the daily candlestick above it, turning towards potential gains in the coming sessions, and is likely to target the 1301.60 level mainly.

Therefore, the upside will be expected for today, supported by moving above SMA 50, noting that a break of 1275.30 will halt the expected rally and bring the pair back to the downside correction.

The trading range for today is expected among the support at 1275.30 and resistance at 1301.60

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 for the second consecutive session from its May 30, 2017 low against the US dollar on the eve of developments and economic data expected on Monday by Eurozone economies The US economy is the largest economy in the world.

At 04:56 GMT, the EURUSD rose 0.04% to 1.1159, compared to the opening at 1.1156, after the pair reached a high of 1.1171 and a low of 1.1142.

Investors are currently eyeing Eurozone economies as a whole for the M3 Money Supply Annual Report, which may reflect slowing growth to 4.2% from 4.3% in February, coinciding with the annual reading of the Private Loan Index, Growth at 3.3% is little changed from the previous year's reading for February.

On the other hand, markets are looking to release US spending and personal income data, which may reflect the acceleration of personal spending growth to 0.7% from 0.1% in February, and personal income growth accelerated to 0.4% vs. 0.2%, while the Consumer Expenditure Index The 0.3% decline against the 0.1% decline, while the annual reading for the same index may show a growth rate of 1.6% versus 1.4%.

Technical Analysis

EUR / USD is trading near the 1.1180 level, and the price is still below this level, while the moving averages of 7-20-50 continue to pressure the price negatively. Therefore, our bearish outlook remains intact for the coming period, waiting to exceed 1.1100 to confirm the trend towards 1.1000 as a stop. deification.

Keep in mind that a bullish rally to break through 1.1180 and then 1.1250 will stop the expected decline and push the price to achieve gains over intraday basis.

The trading range for today is expected between 1.1060 and 1.1220 support

The general trend for today is bearish

The Australian dollar rose during the Asian session to see its rebound for the third consecutive session of its lowest since January 3 against the US dollar amid a lack of economic data earlier this week by the Australian economy and on the eve of developments and economic data expected on Monday by the US economy The world's largest economy.

At 2:18 am GMT, the AUDUSD rose 0.26% to 0.7053 compared to the opening levels of 0.7043, after recording a high of 0.7055 and a low of 0.7035.

Investors are currently waiting for the US economy to release spending and personal income data, which may reflect a faster growth in personal spending to 0.7% from 0.1% in February, and personal income growth accelerated to 0.4% from 0.2% Personalized depreciation expenditures rose 0.3% against 0.1%, while the same year's annual reading may show growth accelerating to 1.6% versus 1.4%.

Technical Analysis

The AUDUSD is trading higher today to attempt to breach the 0.7044 level, which signals the direction of the pair to rise again, which makes us prefer to stop on the neutral until we get a clearer confirmation of the next direction, which we will get through the breakthrough Resistance is 0.7135 or a break of 0.7044 which is turning into support now.

We point out that the continuation of the rally and the breach of the resistance mentioned above will push the price to achieve further gains and test the level of 0.7250 as a next stop while breaking the support will reactivate the scenario of the bearish trend with the next main target at 0.6800.

The trading range for today is expected among the support at 0.6970 and the resistance at 0.7135

The expected general trend for today: neutral

The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound to its second-lowest session since April 11 against the Japanese yen following economic developments and data followed Friday by the Japanese economy, the world's third-largest economy and on the brink of economic developments and data. By the US economy, the world's largest economy.

At 0638 GMT, the greenback was up 0.06% at 111.70 from the opening at 111.63, after reaching a high of 111.79 and a low of 111.45.

We followed the Japanese economy to reveal inflation data with the release of the Tokyo Consumer Price Index (CPI), which showed accelerated growth to 1.4% from 0.9% in March, beating expectations for a 1.1% growth rate. The core of the index itself, excluding fresh food, accelerated to 1.3% from the previous reading and expectations at 1.1%.

In the same context, the core annualized reading, excluding fresh food and energy, showed a 0.9% growth rate from March and 0.7%, in conjunction with the release of Japanese labor market data, which showed unemployment at 2.5% versus 2.3%. In the previous reading for the month of February, worse than expectations, which indicated a rise to 2.3%.

This came ahead of the first seasonally adjusted retail sales, which showed a slowdown in growth to 0.2% from 1.4% in February, beating expectations for stability at zero levels, while the annual reading of the same index accelerated growth to 1.0% vs. 0.6 % In February, also outperforming forecasts that accelerated growth to 0.8%.

We also followed the third-largest industrialized country to reveal the preliminary reading of industrial production, which showed a decline of 0.9% compared to a rise of 0.7% in February, worse than expectations of a slowdown of growth to 0.1%, while the annual reading of the same index expanded the decline to 4.6% vs. 1.1% in the previous February reading, also worse than the 3.8% decline.

To the Japanese housing market data, with the annual reading of the Construction Starts Index showing growth accelerated to 10.0% from 4.2% in February, beating expectations for a rapid growth of 5.6%. The Bank of Japan will stay at 0.10% interest rates as we proceed with stimulus policies and monetary easing to support the performance of the economy.

In addition, we would like to point out that the Japanese government recently announced a ten-day holiday beginning on Saturday, 27 of this month until Monday, the sixth of next month, for the celebrations of Japan's rise of the new emperor to rule there during that official holiday, Prince Naruhito with the beginning of May next, and recall that the holiday, which will last six full working days will be the longest in the history of Japan.

On the other hand, investors are looking for the US economy to disclose the preliminary reading of GDP for the first quarter, which may show stability of the largest economy in the world at 2.2%, unchanged from the previous quarter, while may reflect the preliminary reading of GDP Total price-adjusted for the last quarter quarter slowed growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

USD / JPY broke the 111.80 level and settled below it, which supports our continued bearish outlook for the coming period, paving the way for targeting 110.08 as the next major station.

Moving below SMA 50 supports bearish expectations, while a breach of 112.14 and stability above it will stop the negative scenario and lead the price to resume the bullish trend in the short term.

The trading range for today is expected among the support at 110.80 and the resistance at 112.14.

The general trend for today is bearish.

Gold futures traded in a narrowly bullish range during the Asian session to see a rebound to its fourth session since December 26, negating the positive stability of the US dollar near its highest level in nearly two years according to the inverse relationship between them on the eve of developments And economic data expected Friday by the US economy, the largest economy in the world.

Gold futures for June delivery rose 0.28% to currently trade at $ 1,282.60 an ounce, showing a four-month trough from the opening at $ 1,279.10 an ounce, while the US dollar index 0.02% to 98.14 compared to the opening at 98.12.

Investors are waiting for the US economy to reveal the preliminary reading of GDP for the first quarter, which may show the stability of the largest economy in the world at 2.2% unchanged from the previous quarter, while may reflect the preliminary reading of GDP measured in prices Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

White House spokeswoman Sarah Sanders said Tuesday that US Trade Representative Robert Leitzer and US Treasury Secretary Stephen M. Moshin will travel to Beijing by the end of the month for another round of trade talks and meet Chinese Vice Premier Liu Hu, who will lead a Chinese delegation Will visit Washington for further discussions and trade talks on May 8.

On the other hand, experts at Standard Chartered Bank expect gold prices to rise again to last year's highs of $ 1,365 an ounce, as prices nearing the peak and falling to its lowest level this year, amid speculation that one of the main assumptions The price recovery may support the Fed's adherence to the patience policy and the suspension of plans to tighten monetary policy and raise interest rates.

According to experts, the default is based on the Federal Reserve's readiness for a possible recession by 2021, which could support the performance of safe haven gold, as they point to a surge in global central bank purchases and recent high demand for gold by China and India, By the price cycle, accordingly they expect prices to rise to $ 1,365 an ounce and that the average price next year is $ 1,375 an ounce

Technical Analysis

Gold is testing a fresh retest of the previously broken neckline of the triple top pattern at 1282.00, and the price needs to remain below this level so that the negative impact of this pattern remains effective, awaiting a resumption of the bearish bias and breaking the 1275.30 level to reinforce expectations of the continuation of the bearish correction.

Therefore, we will maintain our bearish bias unless 1282.00 is breached and stability above it, noting that the awaited corrective targets start at 1253.20 and extend to 1231.10 after the previous level.

The trading range for today is among the support at 1260.00 and resistance at 1290.00.

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 rebound to its second lowest session since May 30, 2017 against the US dollar amid tight economic data by Eurozone economies in the last week's session and developments And economic data expected Friday by the US economy, the largest economy in the world.

At 4:13 am GMT, the EURUSD rose 0.04% to 1.1136, compared to the opening at 1.1132, after reaching a high of 1.1141, while reaching a low of 1.1124.

Investors in the US economy are looking for a preliminary reading of the GDP for the first quarter, which could show the stability of the world's largest economy at 2.2%, unchanged from the previous quarter, while the preliminary reading of GDP Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

The EURUSD remains steady below 1.1180, and negative pressure remains for the coming period, supported by SMA 50, and the price is gradually creeping towards our first target at 1.1100, noting that we expect the bearish bias to continue to visit 1.1040 as a next stop.

Therefore, the bearish trend will remain in the short and short term, provided that the price remains stable below 1.1180 and 1.1245.

The trading range for today is expected between 1.1040 and 1.1200 support

The general trend for today is bearish

The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound from its lowest level since March 8 against the US dollar amid a lack of economic data by the Australian economy as it is absent due to Anzac holiday and on the eve of economic developments and data expected Thursday from Ahead of the US economy, the world's largest economy.

At 02:22 GMT, the AUDUSD rose 0.10% to 0.7024 compared with the opening levels at 0.7012, after reaching a high of 0.7032, while the seven-week low at 0.7006.

We followed the Australian economy's export price index for the first quarter of the first quarter, which came 4.5% better than expectations of a decline of 3.4%. While the import price index showed imports drop by -0.5%, against expectations of 0.4%.

In the same context, the reading of the PPI for the first quarter showed a decline in growth of 0.4% from previous values ​​of 0.5%. While the PPI's annual reading showed a decline in growth of 1.9% compared to 2.0% for the previous reading.

Investors in the US economy are looking for a preliminary reading of the GDP for the first quarter, which could show the stability of the world's largest economy at 2.2%, unchanged from the previous quarter, while the preliminary reading of GDP Over the last quarter quarter slowing growth to 1.3% versus 1.8% in the fourth quarter.

This comes ahead of the final reading of the University of Michigan consumer confidence index, which may reflect a widening to 97.1 compared with the April reading of 96.9 versus 98.4 in March, to the disclosure of the US Treasury Department's semi-annual report on International economic policies and exchange rates.

Technical Analysis

AUDUSD is nearing a retest of the previously breached 0.7044, which is the first protection for the continuation of yesterday's suggested negative scenario along with the second resistance at 0.7110, to continue to dampen the bearishness in the coming sessions, mainly targeting 0.6800.

Keep in mind that breaching the above resistance levels will push the price to instantaneous gains starting at 0.7145 and extending to 0.7250.

The trading range for today is expected among the support at 0.6950 and the resistance at 0.7080

The general trend for today is bearish