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Gold futures futures fluctuated in a tight range slipping towards the Asian session to see their rebound for the second high session since late February as the US dollar index rose in line with the inverse relationship between them following a Federal Open Market Committee The Federal Reserve Bank of the United States (EERC), the world's largest economy, was on Tuesday.

At 03:38 GMT Gold futures for June delivery fell 0.08% to currently trade at $ 1,320.50 per ounce compared to the opening at $ 1,321.50 per ounce, amid the dollar index rose 0.01% to 96.51 compared to the opening at 96.50.

We have followed the Federal Open Market Committee (FOMC) Chairman and Federal Reserve Bank Chairman Erick Rosengren at the Credit Suisse Asian Investment Conference, on the eve of another Federal Open Market Committee member, Federal Reserve Bank President Charles Evans, on the impact of Fed policies on Hong Kong Kong at the University of Chicago Francis and the University of Rose Yuen in Hong Kong.

The markets are also looking ahead to the US economy to release housing market data with the Housing Starts and Building Permits reading, which may reflect a decline in February, where building permits are expected to drop 1.3% to 1,300,000 versus a rise 1.40% at 1,345 thousand, and the index of construction starts may show a decline of 0.8% at 1,220 thousand homes against a rise of 18.6% at 1,230 thousand homes.

This comes ahead of the reading of the Home Price Index, which may reflect the acceleration of growth to 0.4% versus 0.3% last December, leading to the Consumer Confidence reading, which may reflect a widening to 132.1 vs. 131.4 in February, In conjunction with the release of the Rachamund Industrial Index, which may show a widening contraction to 12 versus 16 in February.

Otherwise, investors are looking forward later this week for a new round of US-China trade talks in Beijing as a US delegation heads to China before a Chinese delegation heads to Washington next week to complete talks amid expectations that the world's top economists will reach a trade deal To avoid war by April

Technical analysis:

The price of gold continued to rise above yesterday's 1320.00 barrier, consolidating expectations for a continuation of the upside move over the short term and intraday basis. The price continues to move within the ascending channel shown on the chart above and gets good positive support from SMA 50.

Therefore, we believe that the area is open for further gains in the coming sessions, with our next main target at 1346.73, while achieving stability above 1301.60.

The trading range for today is among the key support at 1310.00 and resistance at 1340.00.

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 as it rebounded to its third-lowest session since March 12 against the US dollar after Federal Open Market Committee Chairman and Federal Reserve Bank Chairman Erick Rosengren in Hong Kong On Tuesday, the biggest economy in the eurozone, Germany and the US economy, are the biggest economy in the world.

At 04:22 GMT, the EURUSD rose 0.02% to 1.1314, compared to the opening at 1.1312, after reaching a high of 1.1322, while reaching a low of 1.1310.

Investors from the region's biggest economies are looking for a statistical reading of the German consumer confidence index (GFK), which may reflect the stability of the 10.8-point spread, unchanged from March. Otherwise, we have followed this week. European Union President Benoit Koir said the European Central Bank was not in a position to change monetary policy at the moment.

However, Mr. Kuer noted that the European Central Bank is ready to buy back bonds and use easing policy in the event of an economic crisis. Another member of the European Central Bank, Olli Rehn, said that the biggest threat to the Eurozone in the near term is the UK's exit from The European Union, explaining that the European Central Bank is taking the necessary measures with the Bank of England to mitigate possible strikes.

The markets are also looking ahead to the US economy to release housing market data with the Housing Starts and Building Permits reading, which may reflect a decline in February, where building permits are expected to drop 1.3% to 1,300,000 versus a rise 1.40% at 1,345 thousand, and the index of construction starts may show a decline of 0.8% at 1,220 thousand homes against a rise of 18.6% at 1,230 thousand homes.

This comes ahead of the reading of the Home Price Index, which may reflect the acceleration of growth to 0.4% versus 0.3% last December, leading to the Consumer Confidence reading, which may reflect a widening to 132.1 vs. 131.4 in February, In conjunction with the release of the Rachamund Industrial Index, which may show a widening contraction to 12 versus 16 in February.

Technical analysis:

The EUR/USD pair remains stuck between the confirmation levels of support 1.1278 and resistance 1.1340, which keeps us neutral until the price confirms the breach of one of these levels and then more precisely identifies the next.

We will note that breaching the mentioned resistance will push the price to achieve further gains targeting 1.1380 and 1.1445 mainly while breaking the support will put the price under more negative pressure towards the 1.1180 areas in the near term.

The trading range for today is expected among the 1.1220 support and 1.1400 resistance.

The expected general trend today depends on the levels mentioned in the report.

The Australian dollar fluctuated in a tight range slipping towards the Asian session to see a rebound for a fourth straight session since February 27 against the US dollar amid tight economic data by the Australian economy and Federal Open Market Committee member and Federal Reserve Bank Chairman Eric Rosengren in Hong Kong and on the eve of economic developments and data expected Tuesday by the US economy, the largest economy in the world.

At 02:34 GMT, the AUDUSD rose 0.10% to 0.7119, compared to the opening levels of 0.7109, after reaching a low of 0.7107, while reaching a high of 0.7128.

The markets are currently waiting for the US economy to release housing market data with the Housing Starts and Building Permits reading, which may reflect a decline in February. Building permits are expected to show a 1.3% drop to 1,300K versus 1.40 To 1.345 thousand, and the reading of the starts index may show a decline of 0.8% in 1,220 thousand households against a rise of 18.6% at 1,230 thousand homes.

This comes ahead of the reading of the Home Price Index, which may reflect the acceleration of growth to 0.4% versus 0.3% last December, leading to the Consumer Confidence reading, which may reflect a widening to 132.1 vs. 131.4 in February, In conjunction with the release of the Rachamund Industrial Index, which may show a widening contraction to 12 versus 16 in February.

Technical analysis:

The AUDUSD continues to rise above and above the 0.7120 level, supporting expectations for a continuation of the bullish trend over the coming period, spurred by the positive cross from Stochastic now, awaiting a visit to 0.7250 mainly.

Stability above 0.7044 is important for the continuation of the suggested bullish wave, as breaching it will put the price under negative pressure starting with its main targets at 0.6900.

The trading range for today is expected among the support at 0.7080 and the resistance at 0.7200.

The general trend for today is bullish.

EURUSD

The pair is consolidating above 1.1300 while remaining under pressure due to the expected recession in Europe and the uncertainty surrounding the Brexit outcome.

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 falling.

Trading recommendations:

Sell the pair after it goes below 1.1300 with a possible target of 1.1220.

EURUSD

The pair is consolidating above 1.1290 after Friday’s drop due to the growing expectations of the eurozone’s economy going into a new recession. If today’s economic statistics data from Germany is weaker than predicted, the pair may resume falling.

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

Trading recommendations:

Sell the pair after it goes below 1.1290 with a possible target of 1.1180.

The Australian dollar fluctuated in a tight range slipping towards the Asian session to see its rebound for a third straight session since Feb. 27 against the US dollar amid a lack of economic data earlier this week by the Australian economy and its US economy, the world's largest economy. The meeting was scheduled for Monday with the chairman of the Federal Reserve Bank of Chicago, Federal Open Market Committee member Charles Evans and the Deputy Governor of the Reserve Bank of Australia, Lucy Ellis.

At 0234 GMT, the AUDUSD dropped 0.11% to 0.7075 compared to the opening levels of 0.7083, after recording a low of 0.7066 and a high of 0.7087.

Investors may be looking forward to what Federal Open Market Committee (FOMC) Chairman and Federal Reserve Chairman Charles Evans will say about the economy and monetary policy at the Credit Suisse Asian Investment Conference in Hong Kong. At the Sydney Housing Industry Association's breakfast ceremony.

Technical Analysis:

The AUDUSD continues to rally negatively towards the pivotal support of 0.7044, accompanied by the stochastic trend towards overbought areas, supporting the upside bounce to resume the expected bullish intraday direction targeting 0.7250 mainly.

Therefore, we will maintain our positive outlook for the day unless the level of 0.7044 is broken and the daily closing below it.

The trading range for today is expected among the support at 0.7020 and resistance at 0.7150.

The general trend for today is bullish.

The single currency of the European Union region fluctuated in a tight range in the Asian session as it rebounded from the highest level since February 4 against the US dollar on the brink of developments and economic data expected Monday from the biggest eurozone economies. Early this week by the US economy, the world's largest economy.

At 04:29 GMT, the EURUSD dropped 0.16% to 1.1301, compared to the opening at 1.1318 after the pair reached a low of 1.1286, while the highest at 1.1321. Ended last week at 1.1302 before opening this week on a bullish price gap.

The German economy, the largest economy in the eurozone, is expecting the IFO Business Climate Index to rise to 98.7 from 98.5 in February, and the same indicator of expectations may extend to 94.0 versus 93.8 last month, While the reading of the same indicator for the current assessments may indicate a widening of the gap to 102.9 versus 103.4 in February.

Other than that, we followed at the end of last week. The ECB governor said that the recent global trade tensions were the main reason for the slowdown in economic growth of the eurozone and that the growth of the region is expected to continue to slow down and uncertainty increases while the risks of recession remain low, To go ahead with expansionary policy, adding that the implications of the UK exit file from the EU would be limited.

Technical Analysis:

The EUR/USD pair fell last Friday at 61.8% Fibonacci retracement of the 1.1174 to 1.1445 rally to start recovery attempts, supported by Stochastic positive, but SMA 50 is a negative pressure that may hinder positive price attempts.

Therefore, we prefer to remain neutral until the price confirms the breach of one of the pivotal levels of support 1.1278 and resistance 1.1340, noting that breaking this support will extend the losses to reach 1.1180 as the next major station, while breaching the resistance will push the price to recover and achieve positive targets start at 1.1380 and 1.1445.

The trading range for today is expected among the 1.1220 support and 1.1400 resistance.

The expected general trend today depends on the levels mentioned in the report.

Gold futures fluctuated in a narrow range inclined during the Asian session as the US dollar index fell in line with the inverse relationship, with a lack of economic data earlier this week by the US economy, the world's largest economy. On Monday, Open and Chicago Fed Chairman Charles Evans in Hong Kong.

Gold futures for June delivery rose 0.14% to currently trade at $ 1,315.20 per ounce, compared to the opening at $ 1,313.30 per ounce, while the US dollar index fell 0.02% to 96.62 compared to the opening at 96.64.

Investors are now waiting for Federal Committee member Charles Evans to talk about the economy and monetary policy at the Credit Suisse Asian Investment Conference, hours after the FOMC meeting of March 19-20 ended, during which monetary policymakers The Fed has interest rates at between 2.25% and 2.50%.

Members of the Federal Open Market Committee also agreed at their last meeting to move forward with a reduction in bond buybacks until September as the commission cuts its growth forecast, raises its unemployment forecast and drops its interest rate expectations this year amid maintaining its forecast of a one-time increase During the next year 2020.

Otherwise, investors are looking forward later this week for a new round of US-China trade talks in Beijing as a US delegation heads to China before a Chinese delegation heads to Washington next week to complete talks amid expectations that the world's top economists will reach a trade deal To avoid war by April.

Technical Analysis:

The price of gold rebounded after testing the support of the bullish intraday channel appearing in the image to resume the expected bullish path for the coming period targeting the breach of 1320.00 to confirm the opening of the way towards 1346.73 as the next major station.

Therefore, we will continue to bias the bullish trend supported by the SMA 50 unless the level of 1302.60 is breached and stability below it, as breaking this level will press the price to return to the corrective correction path again.

The trading range for today is among the key support at 1305.00 and resistance at 1335.00.

The general trend for today is bullish.

The US dollar fluctuated in a narrow upward range during the Asian session to see its rebound from its lowest level since February 8 against the Japanese Yen following developments and economic data followed Monday by the Japanese economy, the third largest economy in the world and amid the lack of economic data in the beginning This week by the US economy the world's largest economy.

At 05:53 am GMT, the pair rose 0.05% to 109.98 compared with the opening levels at 109.87 after the pair reached a high of 110.14 and a seven-week low of 109.71.

On the Japanese economy, the Industrial Activity Index showed a contraction of 0.2% from 0.6% in December, beating expectations of a 0.3% decline. Aso said last Friday that his country's economy is recovering well, adding that the government will increase the sales tax due in October.

The Japanese government announced earlier this month a 10-day holiday from Saturday (27 April) to Monday (6 May) for Japan's celebrations of the new emperor's accession there during the official holiday, Crown Prince at the beginning of May, and we wish to point out that this six-day holiday will be the longest in Japan's history.

Technical Analysis:

The USD / JPY pair rebounded strongly after retesting 110.76 in the last sessions, as the pair resumed its bearish path and approached our main target at 109.40, noting that breaking this level would extend the bearish wave to reach 108.80 directly.

Therefore, we will continue to bias the downside during the coming sessions unless 110.76 - 110.86 is breached and stability above it.

The trading range for today is expected among the support at 109.00 and the resistance at 110.40.

The general trend for today is bearish.

Sberbank tested 211.34 resistance levels and was unable to break through to support levels at the moving averages.

Sberbank continues to be in a sideways range between 201.86 and resistance 219.21.

In a sideways move closer to the upside under the influence of the moving averages 7-20-50.

The averages move below the price and form support levels for the price.

The stochastic is moving towards the oversold territory in a bearish probability and support test.

The expected movement between 193.43 support and resistance. 219.20.

The general direction of movement: Side.