Analytic reviews

The Australian dollar rose during the Asian session to see its rebound for the third session in five sessions of its lowest since January 4 against the US dollar following developments and economic data that followed on the Australian economy and on the eve of developments and economic data expected Thursday by the US economy largest economy In the world.

At 02:54 GMT, the AUDUSD rose 0.11% to 0.7256, compared with the opening levels of 0.7248, after reaching a high of 0.7265 while the lowest at 0.7243.

We followed the Australian economy's fourth-quarter import price index, which showed a slowdown in growth to 0.5% versus 1.9% in the third quarter, beating expectations of 0.3%, while the fourth-quarter export price index accelerated growth to 4.4% 3.7% in the third quarter, in contrast to expectations that growth slowed to 2.7%.

On the other hand, the markets are currently looking to the US economy for a reading of the Labor Cost Index for the fourth quarter, which may reflect the stability of growth to 0.8%, unchanged from the third quarter, in conjunction with the publication of the index of requests for aid for the week of 26 January, Which may reflect a rise of 16 thousand applications to 215 thousand requests in the previous weekly reading,

Ahead of the Chicago PMI reading, which could reflect a contraction of 61.5 vs. 65.4 last December, to reveal housing market data with a new home sales reading that could reflect a rise to around 569,000 homes Compared with 544,000 in November.

This comes just hours after the FOMC meeting on 29-30 January, which left the committee on federal funds rates at between 2.25% and 2.50% with a further reduction in bond repurchase by $ 50 Billion dollars a month before Federal Reserve Governor Jerome Powell said the panel would be patient before resuming monetary policy tightening later.

Technical Analysis

GBPUSD's recent decline at 1.3055 has stopped significantly above 1.3126 and is now resting on it, ending yesterday's bearish scenario and pushing the pair back to retrace the upside move, targeting 1.3226 initially.

Thus, the upside will be expected for today unless the price falls to hold above 1.3126 while breaching the target will extend the upside wave to 1.3360 as the next major station.

The trading range for today is among the key support at 1.3050 and resistance at 1.3226

Support and resistance:

Support: 1.3105-1.2970-1.2876

Resistance: 1.3250-1.3310

The general trend for today is bullish

The single currency of the European Union region rose during the Asian session to see its sixth session retreat since December 14 against the US dollar on the eve of economic developments and data expected Thursday by the Eurozone economies and the US economy, the world's largest economy.

At 04:58 GMT, the EURUSD rose 0.20% to 1.1503 compared to the opening at 1.1480 after hitting its highest level since January 11 at 1.1508, while the lowest level during the session At 1.1479.

The markets are looking for the biggest economies in the eurozone Germany to reveal the reading of the Retail Sales Index, which may reflect a 0.5% drop from 1.4% last November, before we see the region's second-largest economy France unveiling a preliminary reading of the Consumer Price Index May show a 0.5% contraction versus stability at zero levels in December.

This comes before we see the fourth largest economy of the euro area Spain to disclose growth data with the release of the preliminary reading of the fourth quarter GDP index, which may reflect the stability of growth of 0.6%, unchanged from the third quarter, in conjunction with the publication of the annual reading of the price index Which may show a slowdown in growth to 1.1% from 1.2% in the previous December reading.

To a reading of Germany's unemployment change, which may show a contraction of 11,000 versus 14,000 in December, ahead of the preliminary GDP reading for Italy, the third-largest economy in the region, which could reflect deflationary stability of 0.1% in the quarter Fourth, coinciding with the disclosure of unemployment reading for Italy which may reflect a rise to 10.6% compared to 10.5% in November.

In addition to the preliminary reading of the gross domestic product of the economies of the region as a whole, which could reflect the stability of growth at 0.2% in the fourth quarter and the reading of unemployment rates for the region as a whole, which may show stability at 7.9%, unchanged from November, In November, before we see the German central bank governor Jean-Wiedmann in Mannheim later in the day.

On the other hand, the markets are currently looking to the US economy for a reading of the Labor Cost Index for the fourth quarter, which may reflect the stability of growth to 0.8%, unchanged from the third quarter, in conjunction with the publication of the index of requests for aid for the week of 26 January, Which may reflect a rise of 16 thousand applications to 215 thousand requests in the previous weekly reading,

Ahead of the Chicago PMI reading, which could reflect a contraction of 61.5 vs. 65.4 last December, to reveal housing market data with a new home sales reading that could reflect a rise to around 569,000 homes Compared with 544,000 in November.

This comes just hours after the FOMC meeting on 29-30 January, which left the committee on federal funds rates at between 2.25% and 2.50% with a further reduction in bond repurchase by $ 50 Billion dollars a month before Federal Reserve Governor Jerome Powell said the panel would be patient about raising interest rates in the coming period.

Technical Analysis

The EUR / USD pair breached 1.1443 after yesterday's close above it and is now starting to rise further above the 1.1500 barrier, which supports the chances of a continuation of the bullish trend during the coming sessions, noting that our positive targets start at 1.1550 and extend to 1.1705.

Therefore, we are waiting for further bullishness for the day provided that the price remains stable above 1.1443.

The trading range for today is expected among 1.1443 support and 1.1600 resistance

Support and resistance:

Support: 1.1443-1.1386-1.1341

Resistance: 1.1512-1.1583

The general trend for today is bullish

Cisco shares continue to rise for the fourth week in a row supported by the moving average 7 which is moving below the price and stability and stability on the upside. While moving average 20 is approaching SMA 50 and is ready to cross with it to increase the positive pressure on the price

The price is trading near the resistance level of 46.60 and therefore it is possible to try some difficulties to break it especially as the Stochastic is out of the saturation area of ​​the purchase and therefore likely to be some correction towards the level of the SMA 50 near support 44.57

The trading range between the support is 42.97 and the resistance is 46.60

Support and resistance:

Support: 42.97-41.17

Resistance: 46.60-49.12

The general trend of the movement is bullish

EURUSD

The pair is trading above 1.1485 following the Fed meeting results that indicated the regulator’s willingness to make a pause in interest rates hike and to proceed with it more carefully in general.

The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone and is reversing downwards. Stoch are also in this territory and indicate slower growth.

Trading recommendations:

Buy the pair at is likely correctional drop from 1.1485 with a target of 1.1560.

GBPUSD

The pair is trading above 1.3075 while under pressure due to the uncertainty surrounding Brexit. It’s likely to continue causing pressure on the pair in the short term.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch indicate a slower decline of the price.

Trading recommendations:

If the pair drops below 1.3075, it may go further down to 1.2950.

The US dollar fluctuated in a tight range slipping towards the Asian session to see its rebound for the third session in six sessions since the end of December against the Japanese Yen following developments and economic data that followed on the Japanese economy and on the eve of developments and economic data expected on Wednesday from Before the US economy, which includes the decisions and directions of monetary policymakers in the Fed.

At 05:57 GMT, the pair was down 0.09% at 109.30 from the opening level of 109.40 after recording a low of 109.21 and a high of 109.44.

We followed the Japanese economy's first seasonally adjusted retail sales, which rose 0.9% from 1.1% in November, beating expectations for a 0.4% rise, while the annualized reading showed slower growth to 1.3% versus 1.4%. Also surpassed forecasts for slower growth of 0.9%, before a consumer confidence reading showed a contraction of 41.9 to 42.7 in December, worse than expected at 42.4.

On the other hand, markets are currently looking for the US economy to reveal preliminary data for the labor market with the publication of the index of change in private sector jobs, which may reflect the slow pace of job creation to 180 thousand added jobs compared with 271 thousand jobs added in December, Hours before the disclosure of the monthly report of non-agricultural jobs and unemployment rates in addition to the average income per hour for the month.

Before we see the release of housing market data with the release of new home sales, which may reflect a rise of 0.8% from a 0.7% decline in November, to the event of today's decisions and directions of the Federal Open Market Committee amid expectations to keep interest on Federal funds at between 2.25% and 2.50% and move forward in reducing bond repurchase by $ 50 billion per month

Technical Analysis

USDJPY is trading near the pivotal support of 109.17, and since the price is above this level, our bullish outlook remains valid for today, noting that our main target is at 110.24.

Recall that a break of 109.16 will put the price under negative pressure with targets starting at 108.09.

The trading range for today is expected among the key support at 108.60 and the resistance at 110.24

The general trend for today is bullish

Gold futures rose during the Asian session, the highest since June 14 amid negative stability of the US dollar index, according to the opposite relationship between them on the eve of developments and economic data expected Wednesday by the US economy, which includes decisions and directions of monetary policymakers at the Reserve Bank And the launch of the second round of trade talks between Washington and Beijing.

Gold futures for April delivery rose 0.20% to currently trading at $ 1,317.80 per ounce, the highest in almost eight months compared with the opening at $ 1.315.20 an ounce, amid the decline of the US dollar index 0.04% To 95.78 compared to the opening at 95.82.

The markets are currently looking for the US economy to reveal preliminary data for the labor market with the publication of the index of change in private sector jobs, which may reflect the slow pace of job creation to 180 thousand added jobs compared with 271 thousand jobs added in December, From the disclosure of the monthly report of non-agricultural jobs and unemployment rates in addition to the rate of income per hour for the month.

Before we see the release of housing market data with the release of new home sales, which may reflect a rise of 0.8% from a 0.7% decline in November, to the event of today's decisions and directions of the Federal Open Market Committee amid expectations to keep interest on Federal funds at between 2.25% and 2.50% and move forward in reducing bond repurchase by $ 50 billion per month.

Federal Reserve Governor Jerome Powell is due to hold a press conference following a meeting of the Federal Open Market Committee (FOMC) on 29-30 June in Washington to comment on the committee's decisions and sentiment amid investor concern for any hints about the future of short-term benchmark interest rates and the Fed's balance sheet. It is also among the tools that reflect the Fed's tightening of monetary policy.

Otherwise, the financial markets are also looking closely at the launch of the second round of trade talks between the world's top economists as Chinese Vice Premier Liu Hu visits the United States on Thursday and Thursday to meet with US Trade Representative Leftizer and Treasury Secretary Stephen Menuchin to discuss trade disputes between the two countries. , And he is also expected to meet US President Donald Trump on Thursday.

Technical Analysis

The price of gold continues to rise to reach our main target at 1321.56, which represents 78.6% Fibonacci of the low from 1365.05 to 1160.00, which means that a breach of this level will confirm the continuation of the upward trend in the short term and extends to the medium term.

The ascending channel continues to carry the price to achieve further gains while the SMA 50 provides continuous positive support for the price. Therefore, we believe that the chances are for a continuation of the upside move during the coming sessions. The next target resides at 1335.00, while stability above 1286.70 is an important continuation Expected height.

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 GBPUSD traded with a notable bearishness yesterday evening to break the 1.3126 level and settle below it, opening the way for the bearish bias to continue in the coming sessions, and we expect the pair to test the 1.2962 area before resuming the upside move again.

Therefore, the bearishness will be likely for today, noting that a breach of 1.3126 will reactivate the bullish scenario which starts at 1.3226 and extends to 1.3363 after breaching the previous level.

The trading range for today is expected among 1.2980 support and 1.3170 support.

The expected general trend for today: temporarily bearish.

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its fifth session retreat since December 14 against the US dollar on the brink of economic developments and data expected Wednesday by Eurozone economies and the US economy. Including the decisions and directions of monetary policy makers at the Fed.

At 04:58 GMT, the EURUSD rose 0.05% to 1.1439 compared to the opening at 1.1433 after the pair hit a session high of 1.1444 and a low of 1.1428.

The markets for the second largest economy in the region are looking for the initial reading of the GDP index, which may reflect a slowdown in growth to 0.2% versus 0.3% in the third quarter. The annualized index may also show a slowdown of 0.9% to 1.4%. We are seeing the release of the French consumer spending index, which may reflect a stable decline of 0.3% during December.

Investors in the region's biggest economies are also looking for inflation data to be released as the consumer price index preliminary reading, which may show a contraction of 0.9% versus 0.1% in December, while the initial reading of the same index may show a slowdown of 1.6% versus 1.7% In the annual reading for the month of December.

The markets are also looking for Germany to release the import price index, which may reflect a contraction of the decline to 0.8% from 1.0% in November, while the annual reading of the same index may show a slower growth to 2.1% compared to 3.1% in the previous year's reading. In conjunction with the disclosure of a statistical reading of the German consumer confidence index GFK, which may reflect the contraction of the breadth to 10.3 compared to 10.4 in January.

On the other hand, markets are currently looking for the US economy to reveal preliminary data for the labor market with the publication of the index of change in private sector jobs, which may reflect the slow pace of job creation to 180 thousand added jobs compared with 271 thousand jobs added in December, Hours before the disclosure of the monthly report of non-agricultural jobs and unemployment rates in addition to the average income per hour for the month.

Before we see the release of housing market data with the release of new home sales, which may reflect a rise of 0.8% from a 0.7% decline in November, to the event of today's decisions and directions of the Federal Open Market Committee amid expectations to keep interest on Federal funds at between 2.25% and 2.50% and move forward in reducing bond repurchase by $ 50 billion per month.

Technical Analysis

The EUR / USD pair continues to fluctuate around 1.1443 and is trying to breach it. As mentioned yesterday, the price needs to confirm the breach to activate the bullish scenario over the short and short term and then rush towards 1.1550 and 1.1705 as the next key targets.

On the other hand, the failure of the breach will put the price under negative pressure again, to head towards the levels of 1.1300 then 1.1181 initially.

Thus, we continue to neutralize until the price confirms the position towards the level of 1.1443, noting that the conflict between the positive move above the 50 MA and Stochastic negativity remains.

The trading range for today is among the key support at 1.1330 and resistance at 1.1530

The expected general trend for today: neutral

Aeroflot continues to be sideways for the second week as it has been trading in a tight range since this week's trading

The price is moving below the moving average 7 that is pushing it towards the 104.41 support level. The SMA 50 represents strong price support at the mentioned level.

Stochastic is continuing to provide negative signals and is heading towards the oversold area and if it is able to enter this area we will see declines in the price and break the support level 104.41

The trading range between the support at 100.65 and the resistance at 109.50.

Support and resistance:

Support: 104.41-100.65-95.62

Resistance: 109.50-114.29

The general trend of the movement is bearish