Analytic reviews

GBPUSD

The pair is trading at the level of 1.3245 in anticipation of the Brexit vote next week on Thursday. It’s likely to remain within this range until then.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch aren’t informative.

Trading recommendations:

If the pair remains below 1.3245, it may continue down to 1.3100.

The US dollar fluctuated in a tight range slipping into the Asian session to see its rebound from its highest since March 6 while it is still resuming its weekly gain for the fifth week in six weeks against the Japanese Yen following the Bank of Japan's decisions and guidance on the eve of the upcoming economic developments and data. On Friday by the US economy, the world's largest economy.

At 06:06 GMT, the USDJPY dropped 0.04% to 111.66 from the opening levels at 111.70 after recording a low of 111.49 and a week high of 111.90.

We followed the BOJ's decision to hold negative interest rates at 0.10%, which was expected in the markets, coinciding with the release of the monetary policy statement in which BOJ monetary policy makers expressed growing external risk that threatens to impede the fragile economic recovery, Amid signs of weak exports, which is the nerve of the world's third largest economy, which saw its biggest drop in two years by the beginning of the year.

We note that the weak demand for Japanese exports by China in January followed the slow growth of the Chinese economy in the past at the lowest pace since 1990 as a result of the US-China trade war following Washington under the leadership of US President Donald Trump For trade protectionism, may eventually weigh heavily on industrial production in Japan, which has seen its worst performance in the year.

The central bank's monetary policy makers maintained their view that the economy was moderately expanding, but added in the statement of monetary policy that "exports and production were affected by the slowing growth abroad", in contrast to "the economy was moderately expanding" only in the previous statement. , Governor of the Bank of Japan Haruhiko Kuroda said at a press conference after the meeting on moving forward stimulus to support the economy.

On the other hand, the markets are currently looking for the US economy to release the New York Manufacturing Index, which may reflect a widening to 10.1 vs. 8.8 in February before the world's largest industrial producer is reading the Industrial Production Index May show a 0.4% rise versus a 0.6% drop in January, and the energy utilization index showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan consumer confidence index, which may reflect a widening to 95.5 versus 93.8 in February with the release of consumer expectations for inflation for one year to come and five years ahead, in conjunction with the publication of a statistical employment opportunities and job rotation that may Reflecting a decrease to 7.27 million versus 7.34 million last December.

Technical Analysis

The pair opened today's trading session with a significant drop to test the support of the ascending channel appearing in the picture, and the pair is rising again and moving above 111.67, keeping the bullish scenario intact so far, waiting for initial testing at 112.07, Rising wave to reach 113.00 as the next target.

Therefore, we will maintain our bullish trend unless 111.00 is broken and stability below it.

The trading range for today is among the key support at 111.00 and resistance at 112.50

The general trend for today is bullish

Gold futures traded in a narrow upward range during the Asian session as the US dollar index fell for the fifth session in seven sessions from its highest since June 21, 2017 according to the inverse relationship between them on the eve of decisions and directions of the Bank of Japan in addition to developments And economic data expected Friday by the US economy, the largest economy in the world.

Gold futures for April delivery rose 0.19% to currently trade at $ 1,298.20 per ounce from the opening at $ 1,295.60 per ounce, while the US dollar index fell 0.08% to 96.65 compared to the opening at 96.72 .

The markets are now looking for the outcome of the BoJ meeting, during which the Bank of Japan's monetary policy makers could expand their stimulus and provide more flexibility in monetary policy, especially after the drop in Japan's exports, the world's third largest economy, Industrialization there because of the recent US trade protectionism that has weighed on world demand.

Otherwise, investors are looking ahead to the US economy to release the New York Manufacturing Index, which may extend to 10.1 vs. 8.8 in February before we see the world's largest industrial producer reading Industrial Production Index Up 0.4% from 0.6% in January. The Energy Use Index showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan consumer confidence index, which may reflect a widening to 95.5 versus 93.8 in February with the release of consumer expectations for inflation for one year to come and five years ahead, in conjunction with the publication of a statistical employment opportunities and job rotation that may Reflecting a decrease to 7.27 million versus 7.34 million last December.

Technical Analysis

The price of gold ended yesterday's trading below 1301.60, which signals the direction of the price to return to the downside correction again, but we see that Stochastic is providing positive signals now clear, to start the price to provide positive trading with the opening day and trying to rise again.

Therefore, we prefer to stop the neutrality temporarily until the price confirms the position towards the level of 1301.60, noting that failure to break it will put the price under the downward correction correction which starts at 1279.06, while breaching it and stability above it will return the price to the main trend again, 1320.00 and then 1346.70 as next major stations.

The trading range for today is among the support at 1285.00 and resistance at 1320.00

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 fifth session retreat in seven sessions from its lowest since June 26, 2017 against the US dollar on the eve of economic developments and data expected Friday by the economies of the region The euro and the US economy are the largest economy in the world.

At 05:09 am GMT, the EURUSD rose 0.12% to 1.1317, compared to the opening at 1.1303, after reaching a high of 1.1327, while reaching a low of 1.1302.

Germany's biggest economy is looking for the wholesale price index to rise 0.3% from 0.7% in January, before we see the Eurozone economy as a whole unveiling the annual CPI reading Which could reflect growth stability at 1.5%, little changed from January's preliminary reading, versus 1.4% growth.

On the other hand, yesterday we appealed to President of the European Council Donald Tusk for the 27 EU leaders to discuss and consider delaying the UK's exit from the EU for a long time if the British requested a postponement of exit on clear grounds, Time to research and scrutinize its own exit strategy and build a clear plan to deal with it.

This came before we see the official spokesman of the European Commission that the decision to postpone the exit of the United Kingdom from the European Union must be unanimous by the leaders of the European Union and that if the Kingdom remains a member of the Union during the next parliamentary elections, it must participate in these elections , Followed by a vote by the British Parliament to postpone the date of departure from the European Union beyond 29 this month.

On the other hand, the markets are currently looking for the US economy to release the New York Manufacturing Index, which may reflect a widening to 10.1 vs. 8.8 in February before the world's largest industrial producer is reading the Industrial Production Index May show a 0.4% rise versus a 0.6% drop in January, and the energy utilization index showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan consumer confidence index, which may reflect a widening to 95.5 versus 93.8 in February with the release of consumer expectations for inflation for one year to come and five years ahead, in conjunction with the publication of a statistical employment opportunities and job rotation that may Reflecting a decrease to 7.27 million versus 7.34 million last December.

Technical Analysis

The EUR / USD pair is opening today with a bullish bias after the SMA 50, which supports the continuation of our positive outlook over the short and medium term, supported by the positive stochastic appearing on the 4 hour timeframe, awaiting the test of 1.1420 as the next major station.

Keep in mind that stability above 1.1270 is important for the continuation of the expected rally, as breaching it will press the price lower and test the 1.1180 areas again.

The trading range for today is among the key support at 1.1250 and resistance at 1.1420

The general trend for today is bullish

The Australian dollar rose during the Asian session to see its fifth session retreat in six sessions from its lowest since January 4 and prepare for the first weekly gain in three weeks against the US dollar amid tight economic data by the Australian economy in the last session of the week and on the eve of developments And economic data expected Friday by the US economy, the largest economy in the world.

At 02:41 GMT, the AUDUSD rose 0.30% to 0.7085 compared with the opening levels at 0.7064, after recording a high of 0.7085 and a high of 0.7062.

Investors are currently waiting for the US economy to release the New York Manufacturing Index, which may extend to 10.1 vs. 8.8 in February before the world's largest industrial producer is reading the Industrial Production Index, 0.4% versus 0.6% in January. The Energy Use Index showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan consumer confidence index, which may reflect a widening to 95.5 versus 93.8 in February with the release of consumer expectations for inflation for one year to come and five years ahead, in conjunction with the publication of a statistical employment opportunities and job rotation that may Reflecting a decrease to 7.27 million versus 7.34 million last December.

Technical Analysis

The AUDUSD held steady above 0.7044 after yesterday's test and is starting today with a bullish bias to test the 0.7090 level, waiting for a breach of this level to facilitate the move toward our awaited positive targets, which starts at 0.7125 and extends to 0.7250.

Therefore, the bullish trend will remain likely unless the level of 0.7044 is broken and stability below it.

The trading range for today is expected among the support at 0.7044 and resistance at 0.7150

The general trend for today is bullish

Amazon has been able to breach the resistance 1676.43 and close above it during the past two days but does not provide good signals for the continuation of the bullish movement.

The price is moving above the moving averages 7-20-50 which is in a bullish order that contributed to the breach of the resistance level at 1676.43 and the closing above it.

Note that the price is drawing a small candle gives a signal to weakness in the upward path and this is reflected from the Stochastic index, which entered the area of saturation of the purchase in reference to the weakness of the movement of the ascending path

General direction of the movement: neutral

GBPUSD

The pair is trading above 1.3245 in anticipation of another Brexit vote in the UK Parliament. If MPs decide to delay the final deal by two months, the pair may continue local growth.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought territory and is slowly growing. Stoch are moving down.

Trading recommendations:

If the pair remains above 1.3245 due to positive results of the vote, it may continue up to 1.3400.

The US dollar rose during the Asian session to see its rebound for the third session in five sessions of its lowest since the end of February against the Japanese yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and on the eve of developments and economic data expected Thursday by the US economy The world's largest economy.

At 05:44 GMT, the USDJPY rose 0.40% to 111.61 compared to the opening levels at 111.17 after recording a high of 111.63 and a low of 111.15.

We have followed yesterday the Chief Cabinet Secretary Soga said he believes the Bank of Japan will move forward in its efforts to reach inflation to its target of two percent, and that we are expected to see more efforts by him to achieve this goal, Meeting of the Bank of Japan on Friday, during which the central bank's monetary policy makers may offer more flexibility in monetary policy.

On the other hand, markets are looking for the US economy to release the weekly reading of the index of requests for aid, which may reflect a rise of 2 thousand requests to 225 thousand applications, in conjunction with the reading of the index of import prices, which may reflect a rise of 0.3% compared with 0.5% decline in January , Before the new home sales index, which could rise 0.2% to 622K versus a rise of 3.7% at 621K in December.

Technical Analysis

The USD / JPY pair managed to breach the 111.37 level at the opening of today's trading. Further bullishness is seen to start the resistance test at 111.80, which supports our continued bullish outlook for the upcoming sessions, awaiting a visit to 112.07 as the next major station.

From here, we continue to bias the upside move over the short and short term provided that the price remains stable above 110.96.

The trading range for today is expected among the support at 110.96 and the resistance at 112.17

The general trend for today is bullish

Gold futures fell during the Asian session to rebound to their second highest session since early March as the dollar index rebounded to its second-lowest session since the fourth of this month, according to the inverse relationship between them following developments and economic data followed Thursday by the Chinese economy The world's largest consumer of metals and on the eve of developments and economic data expected by the US economy, the largest economy in the world and another vote of the British Parliament on the issue of the UK's exit from the European Union.

Gold futures for April delivery fell 0.37% to currently trade at $ 1,304.70 per ounce from the opening at $ 1,309.50 per ounce, while the US dollar index rose 0.16% to 96.62 compared to the opening at 96.49.

We have followed the Chinese economy, the world's second-largest economy and the world's second-largest industrial nation, the National Bureau of Statistics has revealed to China the annual reading of the retail sales index, which showed a stable growth of 8.2%, unchanged from the previous annual reading of January Last January, in contrast to expectations that growth will slow to 8.1%.

The National Bureau of Statistics (NBS) also reported China's annual Industrial Production Index, which showed a slowdown in growth to 5.3% from 5.7% in January's previous reading, worse than expectations of a 5.5% slowdown in growth, Unemployment, which rose to 5.3% from 4.9% in January.

On the other hand, investors are currently waiting for the US economy to read the index of claims for the last week on March 9th, which could reflect a rise of 2K to 225K, in conjunction with the reading of the import price index which may reflect a rise of 0.3 Versus 0.5% in January, while the index's annual reading may show a decline to 1.6% from 1.7%.

Leading to the release of the New Home Sales Index, which may reflect a slowdown in growth to 0.2% to 622,000 from 3.7% at 621K last December. Otherwise, we followed yesterday US Senator Rob Portman expressed confidence in the actor American businessman Robert Laitheizer and the strength of his country's position in the ongoing trade negotiations with China aimed at resolving trade disputes between the two parties.

Otherwise, we followed on Wednesday the British Parliament's rejection of Britain's exit from the EU without an agreement or an inflexible agreement on trade relations, hours after voting against the amended agreement to exit the UK from the European Union, and is expected to Parliament another vote later Today announced the possibility of postponing the exit beyond 29 this month to allow negotiations to continue with Brussels.

Technical Analysis

The price of gold is showing some bearishness now to test pivotal support 1301.60, where it is affected by stochastic negativity, which is moving within the overbought zone, indicating a weak track.

SMA 50 meets the above mentioned support to add more strength to it, which encourages us to continue to tilt the bullish trend for the coming period, noting that our main targets start at 1320.00 then 1346.73, while a break of 1301.60 is a negative factor that will press the price to return to the downside correction Again.

The trading range for today is among the support at 1295.00 and resistance at 1330.00

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 to see its rebound to its second-highest session since March 5 against the US dollar on the eve of developments and economic data expected Thursday by the Eurozone economies and the US economy. In the world.

At 04:53 GMT, the EURUSD dropped 0.08% to 1.1318, compared to the opening at 1.1327, after reaching a low of 1.1318 during the session, while reaching a high of 1.1337.

The markets for the euro zone's biggest economies are expecting Germany's final reading of the Consumer Price Index (CPI), which may reflect a stable 0.5% growth, unchanged from the January preliminary reading, versus a 0.8% contraction in December. The final reading of the same index for France shows the second largest economy in the region, which may reflect the stability of stability at zero against a contraction of 0.4%.

On the other hand, we have followed yesterday the European Union's Trade Commission, Celicia Malmstrom, that the Union is likely to approve the trade agreement with the United States, amid reaffirming that the Union will respond to any increase in US tariffs on European cars, and in another context, Also yesterday the chief commissioner of the European Union, Michel Barnier, that the Union is ready for the scenario of Britain's exit without agreement.

Barnier also said that the United Kingdom alone is responsible for the decision to leave the European Union and that it is up to her to find a way out of the current impasse. In the same context, German Chancellor Angela Merkel said yesterday that the European Union will not be able to find a way out of the impasse of the exit file of the United Kingdom Of the current European Union alone, amid the demand that the British parliament to tell the European Union what he wants.

On the other hand, markets are looking for the US economy to release the weekly reading of the index of requests for aid, which may reflect a rise of 2 thousand requests to 225 thousand applications, in conjunction with the reading of the index of import prices, which may reflect a rise of 0.3% compared with 0.5% decline in January , Before the new home sales index, which could rise 0.2% to 622K versus a rise of 3.7% at 621K in December.

Technical Analysis

The EURUSD extended more positive trading yesterday and is gradually moving towards our main target at 1.1400. The upside scenario remains effective over the short and medium term, noting that a breach of this level will extend the upside wave to 1.1550 as the next major stop.

SMA 50 supports the expected high, which will remain intact unless the 1.1270 level is broken and stability below it.

The trading range for today is among the key support at 1.1250 and resistance at 1.1420

The general trend for today is bullish