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

The pair is trading above the resistance level of 47.43 and the target at 49.40.

Stochastic is giving a bearish signal even though it is still on the upside but should be monitored if the bearish cross is likely to see a drop in price

The trading range between the support at 46.61 and the resistance at 49.40

The general trend of the movement is bullish

The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its lowest bounce since November 13 on the eve of developments and economic data expected Thursday by the Eurozone economies and the US economy, the world's largest economy.

At 05:23 GMT, the EURUSD pair was up 0.13% to 1.276, compared to the opening at 1.1261 after a, its three-month low at 1.1250, while its highest at 1.1284.

The markets are currently waiting for the euro zone's largest economy to release the seasonally adjusted quarterly GDP reading for the fourth quarter, which could reflect a 0.1% expansion versus a 0.2% contraction in the third quarter, while the seasonally adjusted annual reading of the same index may show slower growth To 0.8% compared to 1.1% in the previous third quarter reading.

This comes before we see the economies of the region as a whole disclosure of the seasonally adjusted quarterly GDP reading for the fourth quarter, which may reflect a stable growth of 0.2%, unchanged from the previous reading of the third quarter, as may show the same annual reading of the stability index Growth at 1.2% is also little changed from the previous year's reading for the third quarter.

On the other hand, investors are currently looking for the US economy to reveal the reading of retail sales, which account for about half of consumer spending, which represents more than two thirds of the United States GDP, which may reflect a slowdown in growth to 0.1% compared to 0.2% in November last year, While the core reading of the retail sales index may show stability at zero versus 0.2% in November.

The markets are also looking for the PPI, which is a preliminary index of inflationary pressures, which could reflect a 0.1% expansion versus a 0.2% contraction in December, while the annual reading of the same index may show a slowdown of growth to 2.1% versus 2.5% in the previous annual reading for the month of December.

The core reading of the PPI shows a 0.2% growth versus 0.1% contraction in December, while the core annualized reading of the same index may show a slowdown in growth to 2.5% versus 2.7% in the previous December reading, A reading of the index of aid applications, which may reflect a decline of 9 thousand requests to 225 thousand applications during the week of the ninth of this month.

Technical Analysis

The EUR / USD pair is trading below the 1.1300 level after yesterday's strong decline, reinforcing the bearish outlook for the coming sessions, supported by the negative momentum formed by SMA 50, awaiting the visit of 1.1180 which is our next main target.

Keep in mind that the continuation of the current bearish wave requires stability below 1.1365 and above 1.1443.

The trading range for today is among the key support at 1.1180 and resistance at 1.1365

Support and resistance:

Support: 1.1216-1.1181

Resistance: 1.1307-1.1357-1.1390

The general trend for today is bearish

Gold futures fluctuated in a narrowly bullish range during the Asian session as the US dollar index fell for a second session since Dec. 17 according to the inverse relationship between them following developments and economic data followed Thursday by China's largest consumer economy Of metals worldwide and on the brink of economic developments and data expected by the US economy, the world's largest economy, amid the launch of the third round of US-China trade talks in Beijing.

Gold futures for April delivery rose 0.14% to currently trade at $ 1,311.10 per ounce, compared to the opening at $ 1,309.60 per ounce, amid the decline of the US dollar index to 0.97% to 97.09 compared to the opening at 97.14.

We followed the Chinese economy's reading of the trade balance index, which showed the surplus shrank to 271 billion yuan, or 39.2 billion US dollars, compared to 395 billion yuan, or 57.1 billion dollars in December, exceeding expectations. Which indicated the surplus shrank to 241 billion yuan, or $ 33.9 billion, as imports fell below expectations and exports surged beyond expectations last month.

On the other hand, investors are currently looking for the US economy to reveal the reading of retail sales, which account for about half of consumer spending, which represents more than two thirds of the United States GDP, which may reflect a slowdown in growth to 0.1% compared to 0.2% in November last year, While the core reading of the retail sales index may show stability at zero versus 0.2% in November.

The markets are also looking for the PPI, which is a preliminary index of inflationary pressures, which could reflect a 0.1% expansion versus a 0.2% contraction in December, while the annual reading of the same index may show a slowdown of growth to 2.1% versus 2.5% in the previous annual reading for the month of December.

In the same context, the core reading of the PPI may show a 0.2% growth versus 0.1% contraction in December, while the core annualized reading of the same index may reflect a slowdown in growth to 2.5% versus 2.7% in December, From a reading of the index of applications for aid, which may reflect a decrease of 9 thousand applications to 225 thousand applications during the week of the ninth of this month.

In addition, the World Gold Council's statistics at the end of last month pointed to a rise in purchases of gold by the global central banks in 2018 to their highest level since 1967. Purchases rose to 651.5 mt, up 74% from 2017 to 375 Metric tons, with many countries buying the yellow metal topped by Russia by 274 metric tons, which surpassed China, the largest consumer of metals worldwide and inspire 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

The price of gold is stabilizing within the bearish intraday channel and below the SMA 50, reinforcing expectations for the expected bearish trend over intraday basis, as the price is approaching our first target at 1300.00, noting that exceeding this level will push the price towards 1286.70 directly.

Therefore, we will continue to bias the downside move for the day provided stability below 1316.65.

The trading range for today is among the support at 1286.00 and resistance at 1320.00

Support and resistance:

Support: 1305.52-1301.10-1293.45

Resistance = .309.50-1316.65-1321.70

The general trend for today is bearish

The US dollar fluctuated in a narrow upward range during the Asian session to see its highest since December 27 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 on Thursday by The US economy is the largest economy in the world.

At 05:57 GMT, the USDJPY rose 0.04% to 111.05 from the opening levels of 111.01 after the pair reached a seven-week high of 111.13, while the lowest level at 110.87.

We followed the Japanese economy to reveal the preliminary reading of GDP for the fourth quarter, which showed a 0.3% expansion versus 0.6% contraction in the third quarter, below expectations of 0.4% growth. The index's annual reading showed a 1.4% expansion in line with expectations versus contraction 2.5%, while the annual reading of the stabilizing index showed a contraction of 0.3% above expectations of contraction to 0.4%.

On the other hand, investors are currently looking for the US economy to reveal the reading of retail sales, which account for about half of consumer spending, which represents more than two thirds of the United States GDP, which may reflect a slowdown in growth to 0.1% compared to 0.2% in November last year, While the core reading of the retail sales index may show stability at zero versus 0.2% in November.

The markets are also looking for the PPI, which is a preliminary index of inflationary pressures, which could reflect a 0.1% expansion versus a 0.2% contraction in December, while the annual reading of the same index may show a slowdown of growth to 2.1% versus 2.5% in the previous annual reading for the month of December.

The core reading of the PPI shows a 0.2% growth versus 0.1% contraction in December, while the core annualized reading of the same index may show a slowdown in growth to 2.5% versus 2.7% in the previous December reading, A reading of the index of aid applications, which may reflect a decline of 9 thousand requests to 225 thousand applications during the week of the ninth of this month.

Technical Analysis

The USD / JPY pair is showing further bullishness to creep towards our awaited target at 111.56, steady within the bullish channel that has been holding the price since the beginning of last month, so that the bullish trend will remain for the coming period, noting that a breach of this level will stimulate the price to achieve further gains. Extending to 113.70 in the near term.

We note that achieving the proposed targets requires stability above 110.24.

The trading range for today is among the key support at 110.24 and resistance at 111.80

The general trend for today is bullish

AUDUSD

The pair is trading below 0.7145. It’s supported by the rumors indicating an interim agreement has been reached in the US-China trade talks. If the positive sentiment remains, the pair’s local growth is expected to continue. In the opposite scenario, it may reverse downwards.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% but indicates a slower growth of the price. Stoch aren’t informative and are in the overbought territory.

Trading analysis:

If the pair doesn’t go above 0.7145, it may reverse and drop to 0.7080.

Aeroflot continues to move within the bearish path under the influenc e 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.

Stochastic is on a bullish path towards the overbought area and the price is likely to give some momentum and prevent it from falling and breaching support

The trading range between the support at 100.36 and the resistance at 109.36.

Support and resistance:

Support: 100.34-90.17

Resistance: 109.50-116.49

The general trend of the movement is neutral

The Australian dollar rose during the Asian session to see its rebound from its lowest level since January 4 against the US dollar following developments and economic data followed Wednesday by the Australian economy and Federal Reserve Committee Chairman and Federal Reserve Chairman George W. Bush on the economic outlook. Kansas City Public Library and on the eve of developments and economic data expected Wednesday by the US economy.

At 02:32 GMT, the AUDUSD rose by 035% to 0.7126 compared with the opening levels at 0.7092 after recording a high of 0.7135 while a low of 0.7090.

We followed the Australian economy by reading WITSBAC Consumer Confidence Index, which showed a rise in value to 4.3% versus -4.7%

On the other hand, investors are looking ahead to the US economy to release inflation data with the release of the consumer price index, which may reflect 0.1 growth versus a 0.1% contraction in December, while the core reading of the index itself may show a 0.2% From its December level. The index's annual reading may reflect a slowdown in growth to 1.5% from 1.9%.

In the same context, the annual Core CPI reading may show a slowdown in growth to 2.1% versus 2.2% in the previous December reading before we see the US Treasury Department reading the Treasury budget, which may reflect a contraction of the deficit to its value 10.5 billion compared with 204.9 billion last November.

Technical Analysis

AUDUSD is trading favorably to test SMA 50 now, while Stochastic is showing a clear buy now, while the pair is waiting to stimulate the pair to resume the expected bearish trend for the next period, which depends on stability below 0.7190, 0.7000.

The trading range for today is expected among the support at 0.7050 and the resistance at 0.7190

The general trend for today is bearish

The single currency of the European Union region rose during the Asian session to see its rebound for the second straight session since November 13 after the Federal Open Market Committee (FOMC) and Kansas City Federal Reserve Chairman Esther George spoke about the economic outlook at the Kansas City Public Library And on the eve of developments and economic data expected Wednesday by the economies of the eurozone and the US economy, the largest economy in the world.

At 05:23 GMT, the EURUSD rose 0.11% to 1.1339, compared to the opening at 1.1326, the pair's lowest level during the session, while the pair reached a high of 1.1342.

The markets are currently looking for the euro zone's economy as a whole to release the seasonally adjusted Industrial Production Index, which could reflect a contraction of 0.4% versus 1.7% in November, while the same index may show a stable decline of 3.3% Than in the previous annual reading for the month of November.

On the other hand, investors are eyeing the US economy to release inflation data with the release of the Consumer Price Index (CPI), which may reflect a 0.1% growth versus 0.1% contraction in December, while the core reading of the index itself may show a 0.2% Recall that in December, the annual reading of the index may reflect a slowdown in growth to 1.5% from 1.9%.

In the same context, the annual Core CPI reading may show a slowdown in growth to 2.1% versus 2.2% in the previous December reading before we see the US Treasury Department reading the Treasury budget, which may reflect a contraction of the deficit to its value 10.5 billion compared with 204.9 billion in November.

Technical Analysis

The EURUSD made some gains yesterday to come close to testing broken support for the bullish channel appearing in the picture, accompanied by the emergence of overbought signs on Stochastic, while SMA 50 is a negative pressure against the price.

Therefore, we expect the pair to bounce back to resume the bearish trend during the coming sessions, targeting 1.1181 mainly, noting that the breach of 1.1360 will push the price to test the most important resistance of short term trading at 1.1443 before any new attempt to decline.

The trading range for today is expected among the 1.1250 support and 1.1400 resistance

Support and resistance:

Support: 1.1300-1.1216-.11181

Resistance: 1.1341-1.1386-1.1443

The general trend for today is bearish

Gold futures fluctuated in a narrowly bullish range during the Asian session as the US dollar index fell for the second consecutive session from its highest since Dec. 17 according to the inverse relationship between them following a talk by Federal Committee member and Kansas City Federal Reserve Chairman Esther George on the economic outlook at the Kansas City Public Library and on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world.

Gold futures for April delivery rose 0.15% to currently trade at $ 1,316.20 per ounce, compared with the opening at $ 1.314.30 per ounce, amid the decline of the US dollar index 0.05% to 96.65 levels. Higher in two months compared to the opening at 96.73.

On Tuesday, US President Donald Trump expressed China's willingness to reach an agreement, adding that a huge team in China was seeking a mutual agreement and that his administration was closely watching the official talks on Thursday and Friday between US Treasury Secretary Stephen Manochin and the Trade Representative Robert Laetizer in Beijing with Chinese Vice Premier Liu Hu who visited the United States at the end of last month.

Trump confirmed that he would not meet with his Chinese counterpart Xi Jinping before the end of this month, but that while there may be a joint meeting to ratify the trade agreement, saying that the extension of the truce deadline may be used beyond the beginning of next March to reach a trade agreement, unlike Trump also noted that he was looking forward to working with the Democratic and Republican parties to reach agreement on the budget, and ruled out the possibility of another partial closure of the federal government.

In another context, Federal Reserve Governor Jerome Powell also noted yesterday that the economic data confirm that the US economy is in a good position and that unemployment rates are stabilizing at the lowest level in half a century, with the fact that some groups in American society are not feeling well 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.

Responding to questions from reporters at the Hope Foundation's Rural Policy Forum in Mississippi after Powell delivered his speech, "Economic Development in Rural Rural Communities," Powell said that increasing labor market participation is a high priority for the Federal Reserve, The US is approaching full employment levels.

Investors are now eyeing what inflation data for the world's largest economy will produce with the CPI reading, which could reflect 0.1% growth versus 0.1% contraction in December, while the core reading of the index itself may show a 0.2% Slightly lower than in December. The annualized reading may reflect a slowdown in growth to 1.5% from 1.9%.

In the same context, the annual Core CPI reading may show a slowdown in growth to 2.1% versus 2.2% in the previous December reading before we see the US Treasury Department reading the Treasury budget, which may reflect a contraction of the deficit to its value 10.5 billion compared with 204.9 billion last November.

On the other hand, the statistics of the World Gold Council at the end of last month to the rise of purchases of global central banks of gold in 2018 to their highest level since 1967, where purchases rose to 651.5 metric tons, up 74% from what it was in 2017 when it reached (374 metric tons), with the demand of many countries to purchase the yellow metal topped by Russia by 274 metric tons, which surpassed China, the world's largest consumer of metals, 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 testing the resistance of the bearish intraday channel, and the price needs to stabilize below 1316.65 to keep the downside scenario effective for the next period, targeting the levels of 1300.00 then 1286.70 mainly.

Keep in mind that a break above the mentioned descending channel might do a bullish flag pattern that has the potential to shift the intraday upside move, beginning with the positive targets at 1242.00 and extending to 1365.05.

The trading range for today is among the support at 1286.00 and resistance at 1320.00

Support and resistance:

Support: 1308.00-1301.30-1294.67

Resistance: 1316.65-1321.47-1333.00

The general trend for today is bearish

The US dollar rose during the Asian session to its highest since December 28 against the Japanese Yen following the developments and economic data that followed the Japanese economy and the talk of a member of the Federal Committee and the President of the Bank of Kansas City Federal Reserve George George on the economic prospects at the Kansas City Public Library and The economic developments are expected to be discussed Wednesday by the US economy.

At 05:57 GMT, the pair rose 0.13% to 110.62 compared with the opening levels at 110.48 after the pair reached a seven-week high of 110.70, while the lowest level at 110.43.

We followed the Japanese economy to release inflation data as the producer price index, a preliminary indicator of inflationary pressures, which showed a 0.6% contraction of the recession, remained unchanged from December, worse than expectations for shrinking deflation. 0.2%, while the annual reading of the same index showed a slowdown of growth to 0.6% compared to 1.5%, also worse than expectations at 1.0%.

On the other hand, investors are looking ahead to the US economy to release inflation data with the release of the consumer price index, which may reflect 0.1 growth versus a 0.1% contraction in December, while the core reading of the index itself may show a 0.2% From its December level. The index's annual reading may reflect a slowdown in growth to 1.5% from 1.9%.

In the same context, the annual Core CPI reading may show a slowdown in growth to 2.1% versus 2.2% in the previous December reading before we see the US Treasury Department reading the Treasury budget, which may reflect a contraction of the deficit to its value 10.5 billion compared with 204.9 billion last November.

Technical Analysis

The USD / JPY pair continues to rise gradually away from the 110.24 level, and we notice that the price is organized within the ascending channel shown in the image, carried by SMA 50.

Therefore, the area is open to heading towards the next target at 111.56, with the continuation of the upside wave dependent on stability above 110.24.

The trading range for today is expected among the support at 110.00 and the resistance at 111.56.

The general trend for today is bullish.