Analytic reviews

Cisco shares continue to rise for the seventh week in a row supported by the moving averages that move down the price in a positive order and give stability and stability in the ascending.

The price managed to break through the previous high at 49.62, so we can say that we are on a new bullish path.

Stochastic continues to climb. Currently moving within the zone of saturation of the purchase and if continued movement within this disaster we will see a rise in price.

The general trend of the movement is bullish.

Gold futures fluctuated in a narrowly bullish range during the Asian session as the dollar index fell for the fifth consecutive session from its highest since December 17 according to the inverse relationship between them on the eve of developments and economic data expected Thursday by the US economy largest World economy and with the US-China trade talks in Washington.

At 04:04 am GMT, gold futures for April delivery rose 0.08% to currently trade at $ 1,342.70 per ounce compared with the opening at $ 1.341.70 an ounce, amid the decline of the US dollar index of 0.01% to 96.48 levels, explaining the sequence of rebound from Higher in two months compared to the opening at 96.49.

Investors from the US, the world's largest industrial nation, are waiting to see the Philadelphia Manufacturing Index, which may reflect a contraction of 14.1 versus January's 17.0, in conjunction with the February 16 reading of the Jobless Claims Index May reflect a drop of 11,000 to 228,000 versus 239,000 last week.

This comes in conjunction with the release of the Durable Goods Orders, which account for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect accelerated growth to 1.6% from 0.7% in November. The core reading of the index itself is up 0.3% from 0.4% in November.

Before we see the preliminary reading of the PMI index for the United States of America for the month of February, amid expectations of the expansion of the service sector to 54.4 compared to 54.2 in January, and the stability of the industrial sector at 54.9 compared to 54.8 With little change from what it was in January.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 1.5% to 5.01 million, compared with 6.4% decline at 4.99 million in December, coinciding with the release of the leading indicators for the month of January Which could show a 0.1% rise versus a 0.1% decline in December.

This came hours after the minutes of the Federal Open Market Committee meeting, which was held on 29-30 January, during which Federal Reserve policy makers kept interest rates at between 2.25% and 2.50% Cut bond repurchase by $ 50 billion a month, and the committee said it was determined to be patient and monitor economic data before resuming tightening monetary policy.

In a press conference following the FOMC meeting at the end of last month, Federal Reserve Governor Jerome Powell noted that the Federal Reserve will be patient and monitor economic data as the downside risks to the economy mount from global growth and financial market volatility, Explaining that the continuation of that approach will depend on the economic data during the coming period.

Technical analysis:

The price of gold provided negative trading yesterday to test the SMA 50, where a bearish correction is being made for the recent bullish wave that started from 1302.34 areas, noting that Stochastic is showing positive signs now, waiting for the price to resume the bullish wave

Therefore, we continue to favor the bullishness over intraday and short term, noting that our awaited targets start at 1350.00 then 1365.05, while 1336.20 represents the break down the correctional wave to reach 1330.00 and may extend to 1318.00 before any new attempt to rise.

The trading range for today is expected among the support at 1330.00 and resistance at 1350.00.

The general trend for today is bullish.

The US dollar fluctuated in a narrow range slipping towards the Asian session to see its rebound to its second-highest session since Feb. 14 against the Japanese Yen following developments and economic data that followed the Japanese economy, the third largest economy in the world and on the eve of developments and economic data expected today Thursday by the US economy, the world's largest economy.

At 06:10 GMT, the USDJPY dropped 0.11% to 110.73 from the opening levels at 110.85 after recording a low of 110.59 and a high of 110.87.

On the Japanese economy, we saw the initial reading of the industrial PMI, which showed a contraction at 48.5 versus an increase of 50.3 in January. From 0.5% in November, worse than the 0.2% drop.

Otherwise, we followed Wednesday the Japanese Finance Minister said that the issues related to the currency of his country, the Japanese yen, were not discussed in the recent trade talks with the United States last September, and that he would discuss this with US Trade Representative Robert Laitheiser himself later, Yen trade talks between Washington and Beijing, which investors always see as a safe haven for trade tensions.

This came hours after Bank of Japan Governor Haruhiko Kuroda on Tuesday told the Japanese parliament that the Bank of Japan was ready to expand stimulus if the yen's strong rise hurt the economy and hampered efforts to push inflationary pressures to the Bank of Japan's target of 2 percent, Among the Bank of Japan's expansionary policies is the interest rate cut and the size of the asset purchase program.

The Japanese government announced earlier this month a ten-day holiday from Saturday 27 April to Monday, May 6 next year for the celebrations of Japan's rise of the new emperor to rule there during the official holiday, and that to be crowned 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 by the US economy, the world's largest industrial nation, are looking to release the Philadelphia Manufacturing Index, which may reflect a narrowing to 14.1 versus 17.0 last January, in conjunction with the February 16 Jobless Claims reading Which could reflect a drop of 11K to 228K versus 239K last week.

This comes in conjunction with the release of the Durable Goods Orders, which account for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect accelerated growth to 1.6% from 0.7% in November. The core reading of the index itself is up 0.3% from 0.4% in November.

Before we see the preliminary reading of the PMI index for the United States of America for the month of February, amid expectations of the expansion of the service sector to 54.4 compared to 54.2 in January, and the stability of the industrial sector at 54.9 compared to 54.8 With little change from what it was in January.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 1.5% to 5.01 million, compared with 6.4% decline at 4.99 million in December, coinciding with the release of the leading indicators for the month of January Which could show a 0.1% rise versus a 0.1% decline in December.

This came hours after the minutes of the Federal Open Market Committee meeting, which was held on 29-30 January, during which Federal Reserve policy makers kept interest rates at between 2.25% and 2.50% Cut bond repurchase by $ 50 billion a month, and the committee said it was determined to be patient and monitor economic data before resuming tightening monetary policy.

Technical analysis:

The USD / JPY pair has been trading sideways since yesterday, settling above SMA 50 which is good support for intraday trading, while Stochastic is beginning to provide a positive cross signal now.

Therefore, we believe that opportunities are available for resuming the expected bullish wave for the coming period, where our next target is at 111.56, while the price needs to stabilize above 110.24 to ensure the continuation of the suggested bullishness.

The trading range for today is expected among the support at 110.24 and the resistance at 111.56.

The general trend for today is bullish.

The Australian dollar fell during the Asian session to see its rebound from its highest since February 6 against the US dollar following developments and economic 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 and the testimony of the Governor of the Bank of Australia Reserve Philippe Lowy before the Standing Committee of the Economy of the House of Representatives in Sydney.

At 02:42 am GMT, the AUDUSD fell 0.15% to 0.7154 compared to the opening levels at 0.7165, after reaching the lowest level at 0.7142, while the highest in two weeks at 0.7207.

On the Australian economy, the preliminary reading of the Industrial and Service Purchasing Managers' Index for the month of February was disappointing. We followed the contraction of the industrial sector to 53.1 versus 53.9 in January and the contraction of the service sector With a value of 49.3 versus 51.0 in January.

This came ahead of the release of Australian labor market data which reflected a stable unemployment rate of 5.0%, which is the lowest since mid-2011, in line with expectations, in conjunction with the reading of the employment change index accelerated the pace of job creation to about 39.1 thousand Compared to 16.9 thousand additions, in contrast to expectations that the growth rate slowed to about 15.2 thousand added.

This comes hours after the minutes of the meeting of the Reserve Bank of Australia, which was held on the fifth of this month, which approved the makers of monetary policy to stabilize interest rates at 1.50% for the twenty-eighth meeting in a row, which came in line with the expectations of analysts at the time, Australian Central Bank Governor Philip Lowe said the outlook for the interest rate was broadly balanced.

Which was then priced in the markets as cautionary comments from the Reserve Bank of Australia. "Over the past year, it was a scenario that the next step up is likely on the scenario that the next step is reduced, and today the odds are moderately balanced," he said. The labor market is stronger and more hawkish, as interest rates may rise, while any weakness in the labor market will hurt the Reserve Bank of Australia to reassess the situation.

On the other hand, investors by the US economy, the world's largest industrial nation, are looking to release the Philadelphia Manufacturing Index, which may reflect a narrowing to 14.1 versus 17.0 last January, in conjunction with the February 16 Jobless Claims reading Which could reflect a drop of 11K to 228K versus 239K last week.

This comes in conjunction with the release of the Durable Goods Orders, which account for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect accelerated growth to 1.6% from 0.7% in November. The core reading of the index itself is up 0.3% from 0.4% in November.

Before we see the preliminary reading of the PMI index for the United States of America for the month of February, amid expectations of the expansion of the service sector to 54.4 compared to 54.2 in January, and the stability of the industrial sector at 54.9 compared to 54.8 With little change from what it was in January.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 1.5% to 5.01 million, compared with 6.4% decline at 4.99 million in December, coinciding with the release of the leading indicators for the month of January Which could show a 0.1% rise versus a 0.1% decline in December.

This came hours after the minutes of the Federal Open Market Committee meeting, which was held on 29-30 January, during which Federal Reserve policy makers kept interest rates at between 2.25% and 2.50% Cut bond repurchase by $ 50 billion a month, and the committee said it was determined to be patient and monitor economic data before resuming tightening monetary policy.

Technical analysis:

The AUDUSD made a fresh attempt to breach the 0.7165 level but did not settle above it, remaining confined to the mentioned resistance and support at 0.7085, which keeps us neutral until we get a clearer signal for the next direction.

We will note that breaching the mentioned resistance will push the price to achieve positive targets starting at 0.7220 and extending to 0.7300 while breaking the support will put the price under negative pressure targeting the 0.7000 level initially.

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

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 rebound for the third session in five sessions from its lowest since November 13 against the US dollar on the eve of developments and economic data expected Thursday by Eurozone economies The US economy is the largest economy in the world.

At 05:04 am GMT, the EURUSD rose 0.11% to 1.1350, compared to the opening at 1.1338, after reaching a high of 1.1352, while reaching a low of 1.1333.

The markets for the euro zone's biggest economies are expecting Germany, the final reading of the consumer price index, which could reflect a stabilization of 0.8% contraction, unchanged from the previous December reading, versus 0.1% growth in November, before the disclosure On the final reading of the same index for France, the second largest economy of the region, which may reflect the stability of deflation at 0.5% and against stability at zero.

And the economy of the region as a whole, the initial reading of the Markit index of industrial and service procurement managers for the month, which may reflect the widening contraction of the service sector and the shrinking of the industrial sector in France, the stability of the contraction of the industrial sector and the contraction of the expansion of the service sector in Germany , To the contraction of the expansion of the industrial sector and the breadth of services in the economies of the region as a whole.

This comes ahead of the release of the ECB's monetary policy meeting held on the 24th of last month, during which the interest rate was maintained at current zero levels and the marginal lending rate was stabilized at 0.25% while maintaining a negative deposit rate of -0.40 Investors are looking forward to European Central Bank President Mario Draghi's speech on Friday with an honorary degree from the University of Bologna.

On the other hand, investors by the US economy, the world's largest industrial nation, are looking to release the Philadelphia Manufacturing Index, which may reflect a narrowing to 14.1 versus 17.0 last January, in conjunction with the February 16 Jobless Claims reading Which could reflect a drop of 11K to 228K versus 239K last week.

This comes in conjunction with the release of the Durable Goods Orders, which account for nearly half of consumer spending, which accounts for more than two-thirds of US GDP, which could reflect accelerated growth to 1.6% from 0.7% in November. The core reading of the index itself is up 0.3% from 0.4% in November.

Before we see the preliminary reading of the PMI index for the United States of America for the month of February, amid expectations of the expansion of the service sector to 54.4 compared to 54.2 in January, and the stability of the industrial sector at 54.9 compared to 54.8 With little change from what it was in January.

To the release of housing market data with the release of the existing home sales index, which may reflect a rise of 1.5% to 5.01 million, compared with 6.4% decline at 4.99 million in December, coinciding with the release of the leading indicators for the month of January Which could show a 0.1% rise versus a 0.1% decline in December.

This came hours after the minutes of the Federal Open Market Committee meeting, which was held on 29-30 January, during which Federal Reserve policy makers kept interest rates at between 2.25% and 2.50% Cut bond repurchase by $ 50 billion a month, and the committee said it was determined to be patient and monitor economic data before resuming tightening monetary policy.

Technical analysis:

The EUR/USD continues to fluctuate between the 1.1310 and 1.1380 resistance, keeping our neutrality in place so far, as the pair face a trade-off between the technical factors and the price needs to break through one of the mentioned levels to define its next targets more clearly.

We will note that breaching the resistance will lead the price to achieve more gains that start at 1.1443 and extend to 1.1550 while breaking the support will press the price to resume the bearish trend targeting 1.1180 as the next major station.

The trading range for today is expected between 1.1260 and 1.1440 support.

The expected general trend for today: neutral.

Aeroflot continues to move within the bearish path under the influence of the double top that is pushing the price lower

The price moves below the moving averages that you press and push it towards the test of the support level 100.34.

The stochastic is in a bearish path after forming a bearish cross between the two lines of the indicator, which increases the negative pressure on the price and push it further downward

The trading range between support 90.27 and resistance 109.81.

Support and resistance:

Support: 99.45-90.27

Resistance: 103.50-109.81

The general trend of the movement is bearish

The US dollar rose during the Asian session against the Japanese yen following the release of economic data by the Japanese economy, the third largest economy in the world and on the brink of developments and economic data expected Wednesday by the US economy, the largest economy in the world.

At 02:36 GMT, the USDJPY rose 0.26% to 110.84 compared to the opening levels at 110.59, after reaching the highest level at 110.91, while the lowest level during the session at 110.49

Japan's trade balance, which showed the deficit widened to 0.37 trillion yen from 0.22 trillion yen last December, was worse than the consensus forecast of 0.17 trillion yen. The revised trade balance showed a widening deficit to 1.45 trillion yen Yen against 0.06 trillion yen, also worse than expectations of a widening deficit to 1.03 trillion yen.

On the other hand, investors are waiting for the US economy to disclose the minutes of the Federal Open Market Committee meeting held on 29-30 January, during which monetary policy makers at the Federal Reserve kept short-term benchmark interest rates at 2.25% And 2.50% as the bond repurchase moves down by $ 50 billion per month

Technical Analysis

The USD / JPY pair is trading today with a bullish bias approaching the 111.00 barrier, reinforcing expectations for a continuation of the bullish trend expected for the coming period as the price is getting positive support from the SMA 50, with the next target at 111.56.

Stability above 110.24 is important for the continuation of the bullish wave, as breaching it will pressure the price to visit the areas of 109.16 initially before any new positive attempt.

The trading range for today is expected among the support at 110.24 and the resistance at 111.56

The general trend for today is bullish

Gold futures rallied during the Asian session, their highest since April 19, as the US dollar index fell for the fourth consecutive session from its highest since December 17 according to the inverse relationship between them on the eve of developments and economic data expected on Wednesday by The US economy is the largest economy in the world and with the US-China trade talks in Washington.

Gold futures for April delivery rose 0.22% to currently trade at $ 1,347.00 an ounce, the highest in ten months compared to the opening at $ 1,343.90 an ounce, amid the decline of the US dollar index of 0.02% to Levels of 96.50 indicating a continuation of the bounce from the top in two months compared to the opening at 96.53.

Investors are looking for the US economy to reveal the minutes of the Federal Open Market Committee meeting held on 29-30 January during which Federal Reserve policymakers kept short-term benchmark interest rates at between 2.25% and 2.50% With a move to cut back bond purchases by $ 50 billion a month.

In a press conference following the FOMC meeting at the end of last month, Governor of the Federal Reserve Jerome Powell noted that the Federal Reserve will be patient and monitor economic data as rising downside risks to the economy stem from global growth and financial market volatility, Explaining that the continuation of that approach will depend on the economic data during the coming period.

In the same context, the Federal Reserve Governor Paul said last Tuesday that economic data confirm that the US economy is in a good position and that unemployment rates are stabilizing at the lowest in half a century, with the fact that there are some groups in American society do not feel prosperous after , And that the reflection of interest movements on the markets takes some time, saying he did not see the risks of economic recession high.

On the other hand, we have followed last week, the Russian Ministry of Economy announced that the production of Russia's gold last year 2018 rise to 314.42 tons compared to 306.9 tons in 2017, less than a month after the World Gold Council statistics at the end of last month to Russia was the most gold-buying country in 2018 as it sought to reduce dependence on the US dollar because of US sanctions.

According to the World Gold Council, global central bank purchases of gold rose during the year 2018 to their highest level since 1967. Purchases rose to 651.5 metric tons, up 74% from 2017 at 375 metric tons, Of the countries to buy the yellow metal topped by Russia by 274 metric tons, which overtook China, the largest consumer of metals globally and inspire both Poland and Kazakhstan.

Global gold consumption rose to 4,345.1 metric tons last year from 4,159.9 metric tons in 2017. Retail investment in bullion and gold coins rose 4 percent to 1,090.2 metric tons, supported by Iran's demand increase of 222 percent to 62 metric tons, Demand for jewelry has stabilized at around 2,200 metric tons with increased consumption compensation in both China, the United States and Russia for lower demand from the Middle East and India.

In contrast, the demand for financial institutions fell by 67% from the year 2017, when the world supply of gold increased 1% to a total of 4,490.2 metric tons in 2018. The gold futures contracts last month made the fourth monthly gain, respectively, illustrated Has seen its longest monthly gains since late 2010, after ending its longest monthly loss march since late 1996.

Technical Analysis

Gold is able to reach the target of the awaited first resistance of the ascending channel that appears in the picture. Some slight bearishness is now being affected by Stochastic negativity, awaiting a positive catalyst that supports the chances of resuming the bullish wave which is next target at 1365.05.

SMA 50 continues to support the pair from the bottom, to continue the bullishness of the day, noting that a break of 1336.50 might push the price lower towards the 1320.00 zones and then 1310.00 before any new attempt to rise.

The trading range for today is among the support at 1330.00 and resistance at 1365.00

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 see its rebound to its fourth-lowest session since 13 November against the US dollar on the brink of developments and economic data expected Wednesday by the Eurozone economies and the US economy. World economy.

At 04:58 GMT, the EURUSD rose 0.04% to the levels of 1.1345 compared to the opening at 1.1341 after the pair reached a high of 1.1356 and the lowest at 1.1336.

The markets are waiting for the biggest eurozone economies to see the Producer Price Index (PPI), an initial index of inflationary pressures, which may reflect contraction to 0.2% from 0.4% last December, while the annual reading may show growth slowing to 2.2%. Versus 2.7%, before we see the Eurozone economy as a whole as the February consumer confidence index releases its preliminary reading.

On the other hand, investors are waiting for the US economy to disclose the minutes of the Federal Open Market Committee meeting held on 29-30 January, during which monetary policy makers at the Federal Reserve kept short-term benchmark interest rates at 2.25% And 2.50% as the bond repurchase moves down by $ 50 billion per month.

Technical Analysis

The EUR / USD pair breached the resistance of the descending sub-channel and settled above it, approaching the pivotal resistance test at 1.1375, which represents the previously breached support for the ascending channel shown in the chart above, noting that the SMA 50 supports the price from the bottom while Stochastic is showing signs Clear saturation now.

Therefore, we prefer to remain neutral temporarily until we get a clearer confirmation of the next direction, which we will get through breaking the resistance 1.1375 or break the support 1.1315, noting that the breach of the mentioned resistance will open the way to the extension of the rising wave to target levels 1.1443 and 1.1550 As the next major stops, while breaking the support will press the price to return to the downside and visit the level of 1.1180 mainly.

The trading range for today is expected between 1.1260 and 1.1440 support

The expected general trend for today: neutral

The Australian dollar fluctuated in a narrow bullish range during the Asian session against the US dollar to see its fifth session rebound in seven sessions from its lowest level since January 4 following the economic developments and data that followed on the Australian economy and on the eve of developments and economic data expected Wednesday By the US economy, the world's largest economy.

At 02:36 GMT, the AUDUSD rose 0.13% to 0.7174 compared to the opening levels at 0.7165, after hitting a two-week high of 0.7177, while the session's low was at 0.7152.

We have followed the Australian economy from the Melbourne Institute leading indicators which showed stability at zero levels versus 0.3% decline last December, before we saw the reading of the wage price index, which showed a slowdown in growth to 0.5% With the previous reading of the third quarter and expectations at 0.6%, while the annual reading of the same index showed a stable growth of 2.3% in line with expectations.

This comes hours after the minutes of the meeting of the Reserve Bank of Australia, which was held on the fifth of this month, which approved the makers of monetary policy to stabilize interest rates at 1.50% for the twenty-eighth meeting in a row, which came in line with the expectations of analysts at the time, Australian Central Bank Governor Philip Lowe said the outlook for the interest rate was broadly balanced.

Which was then priced in the markets as cautionary comments from the Reserve Bank of Australia. "Over the past year, it was a scenario that the next step up is likely on the scenario that the next step is reduced, and today the odds are moderately balanced," he said. The labor market is stronger and more hawkish, as interest rates may rise, while any weakness in the labor market will hurt the Reserve Bank of Australia to reassess the situation.

On the other hand, investors are waiting for the US economy to disclose the minutes of the Federal Open Market Committee meeting held on 29-30 January, during which monetary policymakers at the Federal Reserve kept short-term benchmark interest rates at 2.25% And 2.50% as the bond repurchase moves down by $ 50 billion per month.

Technical Analysis

The Aussie continues to move within the ascending channel appearing on the chart. Where the price of the resistance breached 0.7152 and reached the upper limit of the channel to bounce back down to the previous level.

The price is determined to rise from the moving averages that are moving below the price in a bullish order (7-20-50)

From the stochastic, the buy saturation area gives an initial indication of the cross, thus losing momentum and getting out of the gap, which might cause us to see a correction of the price movement.

The expected movement for today between the resistance is 0.7197 and the support at 0.7097

The overall path of the movement is rising