Analytic reviews

The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound to its third straight session since the end of February against the Japanese Yen following a speech by the Fed Governor following the economic developments and data that followed on the Japanese economy and on the eve of developments and economic data expected today Tuesday by the US economy, the world's largest economy.

At 05:47 am GMT, the pair rose 0.14% to 111.37 from the opening level at 111.21 after recording a high of 111.45 and a low of 111.18.

The Bank of Japan revealed the manufacturing sector, which showed a drop to 7.3 versus a rise of 5.5 in the fourth quarter, in contrast to expectations of a contraction to 4.8. Business statistics for all industries By the Japanese central bank fell to a value of 1.7 versus a rise of 4.3 in the fourth quarter.

Today, we expect the US economy to release inflation data with the release of the Consumer Price Index (CPI), which showed a 0.2% growth versus stability at zero levels in January, while the core reading for the same indicator may show a 0.2% In January, the index's annual reading may also reflect a 1.6% growth stability.

The annual Core reading of the CPI may also show a 2.2% growth rate, unchanged from the previous January reading, before we see Federal Reserve Vice President and Federal Open Market Committee member Ellen Bernhard deliver a speech under Entitled "Updating the Law on Community Reinvestment" at the Fair Economy Conference of the Coalition for Reinvestment of National Society in Washington.

Technical Analysis

The USDJPY is trying to test the resistance at 111.37 and has not been able to break it until now as the moving averages are 7-20 levels of support as it moves below it and is, therefore, trying to give it a positive momentum to rise and test the resistance again.

The Stochastic is moving near the overbought area and forms a bearish cross between its lines, indicating a resistance strength of 111.37

Sideways movement tends to rise between 111.96 support and 111.37 resistance

Google shares returned to move within the rising channel that has been moving since the beginning of the year in a bullish move breaching resistance 1160.40.

In general, we continue the bullish path extending since the beginning of this year, but provided that the resistance is not breached at 1125.71 which is at the 50% Fibonacci retracement and the continuation of the movement within the channel shown in the chart.

Moving averages support this bullish movement as we have a bullish order of the moving averages 7-20-50 below the price to give it stability and support to continue the upside.

The Stochastic is heading back to the overbought area and therefore the positive pressure on the pair continues.

The range of motion between support 1090.00 and resistance: 1209.00

The euro fluctuated in a range that is likely to rise during the Asian session to continue its fourth straight session against the US dollar after Jerome Powell spoke yesterday, despite the lack of economic data to be released today from the eurozone.

Today, in the opening session of the Asian session, the euro rose against the US dollar by 0.25% after opening the trading day at the value of 1.1247, achieving the highest value at 1.1272.

The meetings are expected to kick off the meetings of Euro finance finance ministers in Brussels, which discuss several financial issues such as mechanisms to support the euro and government funding. These meetings are closed to the press. Officials usually talk to correspondents throughout the day. On the amended agreement for the UK's exit from the EU.

The US economy is also expected to release inflation data with the release of the Consumer Price Index (CPI), which showed a 0.2% growth versus stability at zero levels in January, while the core reading for the same indicator may show a 0.2% It was in January, and the annual reading of the index may also reflect the stability of growth at 1.6%.

The annual Core reading of the CPI may also show a 2.2% growth rate, unchanged from the previous January reading, before we see Federal Reserve Vice President and Federal Open Market Committee member Ellen Bernhard deliver a speech under Entitled "Updating the Law on Community Reinvestment" at the Fair Economy Conference of the Coalition for Reinvestment of National Society in Washington.

Technical Analysis

The Euro tried to test the resistance level 1.1257 and could not break it to rebound back under negative pressure from the 7-resistance moving average.

The moving averages continue with negative pressure on the price that is above the price in descending order. While the Stochastic is showing signs of positive resistance, pushing the price to re-announce resistance.

A break of support 1.1180 will put the price under negative pressure again, heading towards the areas of 1.1110 then 1.1000 as the next major stations.

The trading range for today is among the key support at 1.1150 and resistance at 1.1360

The Australian dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound for a second straight session since January 4 against the US dollar amid tight economic data by the Australian economy. Following Fed Chairman Jerome Powell's speech on the cusp Developments and economic data expected Monday by the US economy, the largest economy in the world.

At 02:40 GMT, the AUDUSD rose 0.03% to 0.7035 compared with the opening levels at 0.7030 after recording a high of 0.7043 and a low of 0.7027.

Looking ahead to the US economy, the Retail Sales survey, which accounts for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, may reflect stability at zero levels versus a 1.2% drop in December, The same index rose 0.4% against a 1.8% drop, before we saw a reading of business inventories, which could show a 0.6% rise from a 0.1% drop last November.

Technical Analysis

The Australian dollar is fluctuating against the US dollar around the support level of 0.7027 in a sideways trend inclined to the upside supported by the moving averages of 7-20 that move below the price and push it towards the test of the resistance level of 0.7065 which is important because the moving average 50 is approaching it.

Stochastic has reached the overbought zone and rebounded from it, signaling weakness of positive price momentum.

In general, the movement is between 0.7027 support and 0.7065 resistance and we are waiting for a break of one of the two exits to get a clear price path.

EURUSD fluctuates in a tight range that tends to rise during the Asian session with the opening of the European session as the US dollar index fell for the second day in a row. Ahead of news and data on the eurozone and the US economy on Monday.

The EURUSD rose 0.08% to 1.1240 compared to the opening at 1.1232, after reaching its highest during the session at 1.1241, while achieving a low of 1.1222

German industrial production is expected to rise 0.4% from December's -0.4%, while the index's annual reading may decline to 3.3% versus 3.9%, in conjunction with the current account reading which may reflect The surplus shrank to 18.0 billion euros from 21.0 billion euros in December.

With the trade balance reading showing a surplus of 15.2 billion euros versus 13.9 billion euros in December,

The Eurogroup meetings in Brussels, attended by the President of the Eurogroup, the Ministers of Finance of the Euro-Zone Member States, the Commissioner for Economic Affairs, the Monetary and the ECB Governor, discuss several financial issues such as mechanisms to support the euro and government funding.

From the US economy, we expect to see the reading of retail sales, which account for about half of consumer spending, which accounts for more than two-thirds of US GDP, which may reflect stability at zero levels versus a 1.2% decline in December, while the core reading of the same index Up 0.4% versus 1.8%, before we saw a reading of business inventories, which could show a 0.6% rise from 0.1% last November.

Technical Analysis

The Euro started today positively above the 1.1232 support level, which was the previous low formed on 15 February. The EUR is supported by the MA 7 which is trading below the price and pushing it higher and testing the resistance level at 1.1257 where the MA20 resides.

The Stochastic is moving in a sideways downside trajectory as it is out of the overbought area and this is in contrast with the price movement and therefore is a sign of a general weakness in the price path so we are likely to see a fresh drop in the price.

The continuation of the bearish bias and the break of 1.1180 will put the price under negative pressure again, to head towards 1.1110 then 1.1000 as preliminary targets, while breaching 1.1270 will lead the price to further recovery and visit the level of 1.1420 mainly.

The trading range for today is expected between 1.1110 and 1.1310 support

Gold has fluctuated in a narrow range that has been rising since the opening of today's session as the US dollar index fell for a second straight day.

Today, at the opening of the Asian session, gold fell from the opening levels by 0.12% to return to the upside again as it is trading at $ 1289.00 per ounce compared to the opening levels of $ 1297.26, gold achieved the highest price of trading as of today 1298.24 $ and the lowest price of $ 1295.24.

At the beginning of this week, Gibrom Powell said in a television interview that the Fed's policy of patience and monitoring of economic data that will determine the decisions and directions of the next Federal Commission is now appropriate.

Looking ahead to the US economy, the Retail Sales survey, which accounts for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, may reflect stability at zero levels versus a 1.2% drop in December, The same index rose 0.4% against a 1.8% drop, before we saw a reading of business inventories, which could show a 0.6% rise from a 0.1% drop last November.

Technical Analysis

Gold is approaching the target of resistance level 1301.60 where the price is facing strong resistance is the moving average 50 as well as this level is at the rate of decline Fibonacci 23.6%.

The stochastic is out of the oversold area and is headed towards the upside forming a positive pressure on the price to test the resistance level.

We are still in the intraday downtrend as long as trading remains below 1301.60.

The trading range for today is among the support at 1270.00 and resistance at 1310.00

The US dollar fluctuated in a narrow bullish range during the Asian session to see its rebound to its second-lowest session since the end of February against the Japanese Yen following a speech by the Federal Reserve Governor following the economic developments and data that followed on the Japanese economy and on the eve of developments and economic data expected On Monday by the US economy, the world's largest economy.

At 06:01 GMT, the USDJPY rose 0.11% to 111.13 from the opening level at 111.00 after the pair reached a high of 111.16 and the lowest at 110.88. As the pair ended last week trading at 111.15 levels before opening this week on a low price gap.

From the Japanese economy, the Bank of Japan (BOJ) released its annual reading of the Bank of Japan's M2 lending index, which showed growth accelerated to 2.4% from 2.3% in the previous January reading, in line with expectations, before we see the annual reading of the Demand Index Machinery equipment, which showed a widening decline to 29.3% compared to 18.8% in January.

Looking ahead to the US economy, the Retail Sales survey, which accounts for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, may reflect stability at zero levels versus a 1.2% drop in December, The same index rose 0.4% against a 1.8% drop, before we saw a reading of business inventories, which could show a 0.6% rise from a 0.1% drop last November.

Technical analysis

The USD / JPY fluctuates at the support level at 110.96 in a sideways trend which tends to rise at the end of the correction wave and to return to the main upside path, provided that the resistance level is breached at 111.37 and the closing above it.

The price is trading between the moving averages 7 which is below the price and (20-50) who move above the price and therefore the moving averages constitute support levels and resistance to the price.

Stochastic is on a bullish trajectory close to the overbought area, which is a sign of a possible weakness in the Mayar, resistance to the price and a return to the sideways path that tends to fall towards the support of 110.96, possibly towards the bottom line of the ascending channel which has been trading since the beginning of this year.

The trading range for today is expected among the support at 110.96 and the resistance at 111.37

The expected general trend for the day: sideways and wait for a break from the previous two levels

Sberbank oscillates sideways between 201.86 and resistance 219.21 as the price moves between the 50-20 moving averages

The SMA 50 is a support level near 200.00 while SMA 20 is price resistance at 207.00

The stochastic is a bullish cross forming between the two lines of the index in the upward direction and is positive pressure on the price for the rise and resistance testing at 211.38

The expected movement between 193.43 support and resistance. 219.20

The general direction of movement: Side

EURUSD

The pair is above 1.1225, while remaining under pressure following the ECB’s decision to resume the TLTRO economic stimulus measures. The bank practically stated the fact of growing concern over the start of the recession in the eurozone, which is dragging the Euro downwards.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is growing. Stoch is reversing downwards.

Trading recommendations:

If the pair goes below 1.1225, I may continue down to 1.1160.

The price of gold is fluctuating in a narrow range that tends to rise during the Asian session, despite the rise in the US dollar index because the relationship between them is reversed before the release of economic data on the European economy and the US economy.

In the Asian session, gold futures for April delivery fell 0.01% to currently trade at $ 1,287.10 an ounce, showing a nine-month high of $ 1.287.30 per ounce, while the dollar index rose 0.05% to 96.88. Explaining that he resumed his bounce from the lowest level in a month compared to the opening at 96.83.

We expect today the results and the ECB meeting which is expected to hold interest rates at current zero levels and stabilize the marginal lending rate at 0.25% while keeping the interest rate on deposits negative -0.40% in the shadow of the performance of the Eurozone economies. Before we see the talk of ECB President Mario Draghi at the ECB press conference.

And from the US economy we expect the final reading of the productivity index and the cost of one work, which may show a slowdown in productivity growth to 1.5% compared to the preliminary reading of the fourth quarter and the previous quarter's reading at 0.9%, and accelerated cost growth to 0.9% compared to the previous reading and the previous reading of the quarter Third at 0.9%.

This comes in conjunction with the reading of the index of claims for the week ending on March 2, which may reflect stability of 225 thousand requests, unchanged from the previous weekly reading, before we see the talk of a member of the Federal Open Market Committee and Deputy Governor of the Federal Reserve, About economic outlook and monetary policy at Princeton University, New Jersey.

Otherwise, markets are also looking at developments in trade talks between the world's top economists on the eve of the upcoming meeting of US President Donald Trump and his Chinese counterpart Xi Jinping later this month amid investors' hopes of a trade deal to avoid a trade war. That the statements of officials from both sides were positive about the progress of the negotiations, but to reach a full agreement and an agreement is not yet.

Technical Analysis

Gold is fluctuating around the 1285.08 support level for the third day in a row under heavy pressure trying to push it lower.

Gold is moving below the moving averages that started to form the bearish order, where the moving average 7 intersected with the 50 SMA. The 20 SMA started moving down.

The stochastic in the oversold area moves sideways. It should be noted that the exit of the index from this region will push the price upwards.

The trading range for today is among the key support at 1268.20 and resistance at 1301.60

The general trend of the movement is bearish, provided that the trading remains below 1301.60 resistance