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Gold futures fluctuated in a tight range slipping towards the Asian session to see their second straight session retreat since late February while still the third consecutive weekly gain, with the US dollar falling for the ninth session in Athens The top 10 sessions since June 21, 2017 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.

At 03:42 am GMT, gold futures for April delivery fell 0.03% to currently trade at $ 1,308.80 per ounce, showing a three-week rally from the opening at $ 1,309.30 per ounce, while the dollar index 0.01% to 96.31, resuming its recovery from the upside in nearly two years compared to the opening at 96.32.

Investors are currently waiting for the US economy to release the preliminary reading of the US Industrial and Service Purchasing Managers Index for the month of March, amid expectations that the industrial sector will expand to 53.5 from 53.0 in February, and the service sector will shrink to 55.7 Compared to 53.0 in February.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 3.2% to 5.10 million one against a decline of 1.2% at 4.94 million one in January, in conjunction with the final reading of the index of wholesale stocks, which may The slowdown shows growth at 0.2% versus 1.1% in the January preliminary reading and the previous December reading.

This comes hours after the Federal Open Market Committee's meeting during the March 19-20 meeting to keep interest rates between 2.25% and 2.50% and move forward in reducing bond buybacks until next September as the Commission cuts its growth forecast Its expectations for unemployment rates and the decline in its expectations of raising interest rates this year amid maintaining its expectations to be raised once during the next year 2020.

Technical Analysis

Gold has tested the 1301.60 level and starts to bounce back from there, where SMA 50 meets this level to add more strength to it while Stochastic is floating near oversold areas.

Therefore, the bullish trend will be likely in the coming sessions, and the targets begin to exceed the level of 1320.00 to confirm the opening of the way towards 1346.73 as a next station, taking into account that breaking 1302.60 and stability below it will put the price under the downward correction again.

The trading range for today is among the support at 1300.00 and resistance at 1330.00

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 to reflect a resumption of its low rebound since June 26, 2017, marking a 9-day rally in 12 sessions against the US dollar on the eve of economic developments and data Friday By the US economy, the world's largest economy.

At 04:41 am GMT, the EURUSD rose 0.03% to 1.1376, compared with the opening at 1.1373 after the pair reached a high of 1.1379 while the lowest at 1.1361.

The markets are looking for both the French economy and the economy of the region as a whole. The initial reading of the Markit Index for Industrial and Service Purchasing Managers for the current month, which may reflect the expansion of the service sector, the contraction of the industrial sector in France, contraction of the industrial sector and contraction of the service sector in Germany. Contraction of the industrial sector and shrinking service expansion in the economies of the region as a whole.

This comes in conjunction with the release of the seasonally adjusted current account index, which may reflect a widening surplus to € 17.3 billion from € 16.2 billion last December. Otherwise, we followed yesterday the European Trade Commission, Cecilia Malmstrom, As a security threat, adding that the global trading system and the reform of the World Trade Organization must be absent.

In another context, European Council President Donald Tusk also noted yesterday that the request of British Prime Minister Teresa May to postpone the exit of the United Kingdom from the European Union until the end of June, will be approved only if the British Parliament approved the exit agreement reached Between London and Brussels, explaining that the approval of the extension may take place if the ratification of the parliament, which was rejected twice by a large majority.

On the other hand, investors expect the US economy to release the preliminary reading of the PMI index for the United States for the month of March, amid expectations of the expansion of the industrial sector to 53.5 compared to 53.0 in February, and shrinking service sector to what 55.7 versus 53.0 in February.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 3.2% to 5.10 million one against a decline of 1.2% at 4.94 million one in January, in conjunction with the final reading of the index of wholesale stocks, which may The slowdown shows growth at 0.2% versus 1.1% in the January preliminary reading and the previous December reading.

This comes hours after the Federal Open Market Committee's meeting during the March 19-20 meeting to keep interest rates between 2.25% and 2.50% and move forward in reducing bond buybacks until next September as the Commission cuts its growth forecast Its expectations for unemployment rates and the decline in its expectations of raising interest rates this year amid maintaining its expectations to be raised once during the next year 2020.

Technical Analysis

The EURUSD touched the awaited target at 1.1340 and found strong support there, where the 38.2% Fibonacci retracement of the upside wave is measured from 1.1174 to 1.1445 and therefore the pair is attempting to recover and regain the upside direction but needs to break through 1.1380 To confirm the continuation of the bullish trend during the coming period.

Therefore, we prefer to stop on the neutral temporarily until we get a clearer indication of the next direction, which we will get through breaking the resistance 1.1380 or break the support 1.1340, noting that the breach of this resistance will push the price to achieve positive targets start at 1.1440 and extends to 1.1550 after Breaching the previous level, while breaking support will extend the downside wave targeting 1.1280 and 1.1240 in the near term.

The trading range for today is expected among 1.1300 support and 1.1470 resistance

The expected general trend today: Depends on the levels mentioned in the report

The EURUSD touched the awaited target at 1.1340 and found strong support there, where the 38.2% Fibonacci retracement of the upside wave is measured from 1.1174 to 1.1445 and therefore the pair is attempting to recover and regain the upside direction but needs to break through 1.1380 To confirm the continuation of the bullish trend during the coming period.

Therefore, we prefer to stop on the neutral temporarily until we get a clearer indication of the next direction, which we will get through breaking the resistance 1.1380 or break the support 1.1340, noting that the breach of this resistance will push the price to achieve positive targets start at 1.1440 and extends to 1.1550 after Breaching the previous level, while breaking support will extend the downside wave targeting 1.1280 and 1.1240 in the near term.

The trading range for today is expected among 1.1300 support and 1.1470 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 its second consecutive session rebound since February 27, while it is still in its second straight weekly gain against the US dollar following economic developments and data from the economy. On the eve of developments and economic data expected Friday by the US economy, the largest economy in the world.

At 02:58 GMT, the AUDUSD fell 0.14% to 0.7102 compared to the opening levels of 0.7112, after reaching a low of 0.7095, while reaching a high of 0.7119.

We have followed the Australian economy to reveal the preliminary reading of the PMI for the month of March, which showed the contraction of the breadth to 52.0 compared to 52.9 in February, and this coincided with the issuance of the preliminary reading of the PMI services for the month of the month, which showed contraction Deflation to a value of 49.8 versus 48.7 in February.

On the other hand, investors expect the US economy to release the preliminary reading of the PMI index for the United States for the month of March, amid expectations of the expansion of the industrial sector to 53.5 compared to 53.0 in February, and shrinking service sector to what 55.7 versus 53.0 in February.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 3.2% to 5.10 million one against a decline of 1.2% at 4.94 million one in January, in conjunction with the final reading of the index of wholesale stocks, which may The slowdown shows growth at 0.2% versus 1.1% in the January preliminary reading and the previous December reading.

This comes hours after the Federal Open Market Committee's meeting during the March 19-20 meeting to keep interest rates between 2.25% and 2.50% and move forward in reducing bond buybacks until next September as the Commission cuts its growth forecast Its expectations for unemployment rates and the decline in its expectations of raising interest rates this year amid maintaining its expectations to be raised once during the next year 2020.

Technical Analysis

The AUDUSD has been hovering around SMA 50 since yesterday, while Stochastic is gradually shedding its negative momentum, awaiting a positive stimulus enough to push the pair to continue the expected bullish intraday direction targeting 0.7250 mainly.

In general, we will continue to bias the bullish trend for the upcoming period unless the level of 0.7044 is broken and stability below it.

The trading range for today is among the key support at 0.7060 and resistance at 0.7180

The general trend for today is bullish

Amazon continues to move on the upside after breaching the resistance level 1765.27 and closing above it and heading steadily to the next resistance level at 1890.40

The price action is supported by the moving averages 7-20-50 which is in a bullish order below the price which contributed to the breach of the price level resistance 1765.27 and close above it.

Of the stochastic which entered the overbought area and its exit would be a sign of a weakness in the movement of the ascending path and a correction of the path towards the previous resistance level 1765.27

General direction of the movement: upward

The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second session in a row since February 15th against the Japanese Yen following the economic developments and data that followed the Japanese economy, the third largest economy in the world and on the eve of developments and economic data Which is expected Friday by the US economy, the world's largest economy.

At 05:52 am GMT, the pair rose 0.01% to 110.82 compared to the opening levels at 110.81 after the pair reached a high of 110.90 and a low of 110.65.

On the Japanese economy, we saw the National Consumer Price Index (CPI) annual reading, which showed a growth of 0.2% in February, in contrast to expectations of a 0.3% growth rate, while the annual reading of the same index excluding fresh food excluding energy and fresh food Growth slowed to 0.7% from the previous reading and forecasts at 0.8%, and stability at 0.4% in line with expectations.

This came before the world's third-largest industrialized nations saw the initial reading of the Industrial Production Index, which showed a deflation of 48.9 unchanged from last February, worse than expectations of deflation 49.2. We would like to point out that the index's reading of 50.0 or higher reflects the expansion of the sector, while its release of 49.9 or less reflects the contraction of the sector.

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.

On the other hand, investors expect the US economy to release the preliminary reading of the PMI index for the United States for the month of March, amid expectations of the expansion of the industrial sector to 53.5 compared to 53.0 in February, and shrinking service sector to what 55.7 versus 53.0 in February.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 3.2% to 5.10 million one against a decline of 1.2% at 4.94 million one in January, in conjunction with the final reading of the index of wholesale stocks, which may The slowdown shows growth at 0.2% versus 1.1% in the January preliminary reading and the previous December reading.

This comes hours after the Federal Open Market Committee's meeting during the March 19-20 meeting to keep interest rates between 2.25% and 2.50% and move forward in reducing bond buybacks until next September as the Commission cuts its growth forecast Its expectations for unemployment rates and the decline in its expectations of raising interest rates this year amid maintaining its expectations to be raised once during the next year 2020.

Technical Analysis

The USD / JPY pair gave positive trading yesterday to test the previously broken neckline of the double top pattern shown in the picture, accompanied by stochastic access to overbought areas, supporting the chances of resuming the bearish trend over the coming sessions. Level 109.40 as next main station.

Keep in mind that the continuation of the bullish trend and the confirmation of a breach of 110.76 will stop the suggested negative scenario and lead the price to start recovery attempts targeting the areas of 111.70 initially.

The trading range for today is expected among the support at 110.00 and the resistance at 111.25

The general trend for today is bearish

EURUSD

The pair remains in a short-term uptrend due to the USD’s weakness caused by the Fed’s attitude towards the possible interest rates hike in the future.

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

Trading recommendations:

Buy the pair after is passes 1.1395 with a local target of 1.1435.

EURUSD

The pair is trading above 1.1400 as the Fed decides to abandon the interest rates hike policy for this year, which is likely to have a significant impact on the USD rate. The pair’s local growth in the short term is expected.

The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is indicating slower growth. Stoch aren’t informative.

Trading recommendations:

Buy the pair at its probable decline from 1.1400 with a local target of 1.1500.

The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its ninth session retreat in its 11-session low since June 26, 2017 against the US dollar amidst a look at the EU economic summit in Brussels and The economic outlook for the US economy is expected to rise on Thursday.

At 04:55 GMT, the EURUSD rose 0.11% to 1.1425, compared to the opening at 1.1413, the pair's lowest level during the session, while the pair reached a high of 1.1438.

Investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which may reflect a decrease of 3K to 226K versus 229K. Of the month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis

EURUSD managed to achieve our main target at 1.1443 and starts to show bearish rebound from there, which makes us likely to see negative trading in the coming sessions, starting with a correction to the recent high, targeting 1.1340 areas mainly.

Hence, the bearishness is likely to be supported today by the negativity of Stochastic, noting that a break of 1.1443 will stop the bearish corrective scenario and push the price to continue to rise in the short term.

The trading range for today is expected among 1.1340 support and 1.1500 resistance

The general trend for today is bearish

Cisco began to correct the upside move that was trading within it as the price reached 53.98, a historic level never before achieved.

In general, we are still within the ascending trend in which the stock is trading.

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

The Stochastic is starting to exit from the saturation area and this is reflected by seeing more correction in the price action

It should be noted that there may be a strong correction movement as a result of profit taking on the price, pushing the price down towards the support level 49.51

The general trend of the movement is bullish

The Australian dollar rose during the Asian session, its highest since February 27 against the US dollar following the economic developments and data that followed the Australian economy and on the eve of developments and economic data expected Thursday by the US economy, the largest economy in the world.

At 02:49 GMT, the AUDUSD rose 0.67% to 0.7164 compared to the opening levels of 0.7116, after hitting a three week high at 0.7168, while the lowest level at 0.7114.

We have followed the Australian economy to reveal data on the labor market, which showed a decline in unemployment to 4.9%, which is the lowest since mid-2011 compared to the previous January and expectations of 5.0%, and with the publication of the index of change in employment At 4.6K versus 38.3K in January, below expectations of 14.8K.

On the other hand, investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which could reflect a decrease of 3K to 226K versus 229K. Which ended on the ninth of this month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis

AUD / USD has breached 0.7120 and is now stabilizing, supporting expectations for a bullish intraday trend, paving the way for our next target at 0.7250.

Moving above SMA 50 supports the bullish outlook, which requires stability to remain above 0.7044.

The trading range for today is expected among the support at 0.7100 and the resistance at 0.7220

The general trend for today is bullish