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GBPUSD

The pair is trading above 1.3125 in anticipation of today’s Brexit vote in the British Parliament. The lack of any negative result may lead to the pair’s reversal and significant drop.

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

Trading recommendations:

If the pair goes below 1.3125, it may drop 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 five sessions from its highest since the end of last year 2018 against the Japanese yen amid a lack of economic data by the Japanese economy and on the eve of developments and economic data expected Tuesday by the US economy Which includes the launch of the meeting of the Federal Committee in Washington.

At 05:51 GMT, the US dollar was down 0.03% at 109.32, compared with the opening levels at 109.35 after the pair hit its lowest level since January 18 at 109.27. The session is trading at 109.36.

The markets are currently looking for the US economy to release the consumer confidence index, which may reflect the contraction of the widening to 124.6 compared to 128.1 last month, as attention is drawn to the launch of the meeting of the Federal Open Market Committee today and tomorrow Wednesday, which is expected to be maintained through the prices Interest rate between 2.25% and 2.50% and move forward in reducing bond buybacks by $ 50 billion per month.

Technical Analysis

The USD / JPY pair is testing the 109.16 level and remains stable above it, while Stochastic is providing positive signals now, supporting the continuation of the bullish correction scenario, awaiting a visit to 110.24 as the next key target.

Keep in mind that a break of 109.16 will halt the expected rally and pressure the price to drop again, with negative 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

Support and resistance:

Support: 109.16- 108.10-106.82

Resistance: 109.83-110.73

The general trend for today is bullish

Google shares fluctuate around the 10933.60 level in a sideways trendline, where the target remains at 1125.40.

The SMA 50 supports the ascending movement as it moves near the 1057.71 support level

While the 20 moving average is lower in the last session

The stochastic is moving in a side track and we wait for the intersection between its lines to confirm the path

The range of movement between support 1057.71 and resistance: 1125.39.

Gold futures fluctuated in a tight range slipping towards the Asian session to see their rebound since June 15, negating the negative stability of the USD index near its lowest level in two weeks according to the inverse relationship between them on the eve of economic developments and data expected today Tuesday, which includes the vote of the British parliament for the third time on Britain's exit from the European Union and the launch of the meeting of the Federal Open Market Committee today and tomorrow Wednesday in Washington.

At 0337 GMT, gold futures for April delivery fell 0.04% to currently trade at $ 1,308.80 per ounce from the opening at $ 1,309.30 per ounce, while the US dollar index fell 0.01% to 95.74 compared to the opening at 95.75.

The markets are currently looking for the British parliament to vote on the British exit from the European Union and the opening of the Federal Open Market Committee meeting on Wednesday and Wednesday in Washington before the second round of trade talks between Washington and Beijing. Tomorrow Thursday to meet with US Trade Representative Leftizer and Treasury Secretary Stephen Menuchin.

Otherwise, at the weekend, the US Congressional Budget Office cut its forecast for the fiscal deficit of 2019 to a deficit of $ 897 billion compared to its previous forecast in April at a deficit of $ 981 billion, bringing the deficit ratio from GDP to 4.2 percent instead of 4.6 percent. With the Office reducing its growth forecast for 2019 to 2.3% from 2.4% and lowering its expectations for a partial closure of the federal government which could weigh up 0.1% on the fourth quarter of 2018 and 0.2% in the first quarter of 2019.

Technical Analysis

The price of gold is showing a quiet positive move on its way to resuming the expected bullish intraday direction, affected by the completion of a bullish flag pattern shown in the image, organized within the corrective ascending channel that bears the price to visit 1316.65 as the next key target.

Therefore, the bullish scenario will remain valid for the coming period supported by SMA 50, provided that the pair remains stable above 1286.70.

Stochastic Entry The buy saturation area supports the bullishness, but attention must be paid to an attempt to get out of it which will result in a correction, thus testing the support level 1293.60

The trading range for today is among the support at 1290.00 and resistance at 1316.65

Support and resistance:

Support: 1293.60-1.86.80-1275.70

Resistance: 1316.65-1321.65-1333.80

The general trend for today is bullish

The British pound continues its move against the US dollar on the upward trend it has started since the beginning of this year as the British parliament votes on British Prime Minister Teresa Mae's revised plan to get out of the European Union. And on the eve of developments and economic data expected Tuesday by the US economy, which includes the launch of the meeting of the Federal Committee in Washington.

At 04:56 GMT, the pair rose 0.06% to levels of 1.3157 compared to the opening at 1.3150 after the pair reached a high of 1.3159 and a low of 1.3139.

The markets are currently looking for the US economy to release the consumer confidence index, which may reflect the contraction of the widening to 124.6 vs 128.1 last month, as attention is drawn to the launch of the meeting of the Federal Open Market Committee today and tomorrow Wednesday in Washington, which is expected to be maintained through it On interest rates at between 2.25% and 2.50% and move forward in reducing bond buybacks.

Technical Analysis

GBP / USD found strong resistance at 1.3226, forcing the pair to offer negative trading to settle around 1.3150 now. As we mentioned yesterday, the price needs to stabilize above 1.3126 so the bullish scenario remains valid for the coming period awaiting the breach of the mentioned resistance to confirm the extension of the bullish wave About 1.3363 as a next stop.

Keep in mind that a break of 1.3126 will press the price to test 1.2962 areas mainly before any new attempt to rise.

The trading range for today is expected among 1.3080 support and 1.3250 support

Support and resistance:

Support: 1.3105-1.3080-1.2970

Resistance: 1.3150-1.3250

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 fourth session retreat since December 14 against the US dollar amid tight economic data from the Eurozone economies and on the eve of economic developments and data expected today Tuesday by the US economy, which includes the launch of the meeting of the Federal Committee in Washington.

At 04:56 GMT, the EURUSD rose 0.04% to 1.1432, compared to the opening at 1.1428 after the pair reached a high of 1.1434 and a low of 1.1421.

The markets are currently looking for the US economy to release the consumer confidence index, which may reflect the contraction of the widening to 124.6 vs 128.1 last month, as attention is drawn to the launch of the meeting of the Federal Open Market Committee today and tomorrow Wednesday in Washington, which is expected to be maintained through it On interest rates at between 2.25% and 2.50% and move forward in reducing bond buybacks.

Technical Analysis

The EUR / USD pair continues to fluctuate at 1.1443 pivotal resistance, and after the recent positive trading, the price offers signs of trying to breach the mentioned level and then the upside move, supported by moving above SMA 50.

On the other hand, we see that Stochastic is losing its positive momentum now, which could constitute a negative pressure that will push the price down again.

Therefore, the contradiction between the technical factors makes us prefer to stop the neutrality temporarily, and the price needs to confirm the position for the level of 1.1443 to confirm the next direction more accurately, noting that a break this level will push the price for gains starting at 1.1550 and extends to 1.1705, while failure to penetrate will press On the pair to drop again and head toward the 1.1181 areas in the near term.

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

Support and resistance:

Support: 1.1386-1.1343-1.1300

Resistance: 1.1443-1.1512-1.1583

The expected general trend for today: neutral

EURUSD

The pair is trading below 1.1425, supported by weaker USD while remaining within the wide flat range of 1.1260–1.1485.

The price is above the middle Bollinger band, on the line of SMA 5, but above SMA 14. RSI is below the overbought territory and is reversing downwards. Stoch are reversing within the overbought zone.

Trading recommendations:

If the pair remains below the level of 1.1425, it may reverse and drop to 1.1370.

Sberbank continues its bullish streak for four weeks. Where the price succeeded in breaching the resistance 211.02 and close above it at the end of last week

The moving averages support price action as the moving average 7 moves steadily below the price and provides stability and stability for the continuation of the bullish movement,

The moving average 20 succeeded in crossing the SMA 50 thus we get the ideal order of the ascending lines (7-20-50)

We also notice the SMA 50 near the support of 193.85 which is the 23.6% Fibonacci retracement

Stochastic moves in the saturation zone and leaving the region will lose the positive momentum of the rise and therefore we can see some correction of the movement.

The expected movement between the support of 195.83 and resistance is 224.58

The general trend of the movement: upward

The dollar fell during the Asian session to see its rebound for the second session in four sessions of the highest since the end of the last year 2018 against the Japanese yen following developments and economic data that followed Monday on the Japanese economy and amid the lack of economic data by the US economy earlier this week, With the Federal Open Market Committee meeting.

At 0601 GMT, the USDJPY dropped 0.22% to 109.31 compared to the opening levels at 109.54 after recording a low of 109.27 and a high of 109.60.

We followed the Bank of Japan's release of the BOJ meeting minutes held on April 23, in which the central bank's monetary policymakers agreed to keep interest rates at 0.10%, in the shadow of the Bank of Japan's lenient policies to stimulate inflationary pressures and exit the third The largest economy in the world from the cycle of contraction that fell during the third quarter.

In the same vein, we followed at the end of last week the Bank of Japan Governor Kuroda Haruhiko Kuroda said that neutral interest rates could decline as long-term growth prospects fell in the shadow of demographic changes and that lower expectations could push central banks to cut interest rates. Lead to lower demand for credit and that this could make the financial system less stable.

Elsewhere, markets are looking for the outcome of the FOMC meeting in Washington on 29-30 of this month amid expectations that the committee, led by Federal Reserve Governor Jerome Powell, will remain on the federal funds rate between 2.25% and 2.50% Raised four times last year, as the move to cut back on government bond purchases and mortgage bonds by $ 50 billion a month.

Technical Analysis

The USD / JPY pair is back to the downside and is approaching the pivotal support of 109.16, accompanied by stochastic access to oversold areas, awaiting the pair to stimulate the resumption of the upside correction targeting 110.24 as the next stop.

SMA 50 is trying to protect the suggested positive scenario, which will remain intact unless the 109.16 level is broken and stability below it.

The trading range for today is expected among the key support at 108.40 and the resistance at 110.24

Support and resistance:

Support: 109.16-108.40-107.82

Resistance: 109.83-110.24-110.73

The general trend for today is bullish

Gold futures traded in a tight range slipping towards the Asian session to see their rebound to its second session since June 15, as the US dollar index fell to its lowest level since January 15, Economic data by the US economy earlier this week, which carries with it the meeting of the Federal Open Market Committee and the vote of the British parliament on a British exit from the Union in addition to trade talks in Washington.

At 03:47 am GMT, gold futures for April delivery fell 0.05% to currently trade at $ 1,308.00 per ounce from the opening at $ 1,308.50 per ounce. The US dollar index fell 0.12% to 95.70, Two weeks from the opening at 95.79.

Investors are looking forward to what ECB President Mario Draghi's testimony to the economy and monetary policy will bring to the attention of the European Parliament's Economic and Monetary Affairs Committee in Brussels, before we see the speech of the Bank of England Governor Mark Carney in a panel discussion with other members of the Policy Committee Cash to the Bank of England about the future of money at the Future Forum of the British Center in London.

Elsewhere, markets are looking for the outcome of the FOMC meeting in Washington on 29-30 of this month amid expectations that the committee, led by Federal Reserve Governor Jerome Powell, will remain on the federal funds rate between 2.25% and 2.50% Raised four times last year, as the move to cut back on government bond purchases and mortgage bonds by $ 50 billion a month.

In another context, we followed at the end of last week the statements of US President Donald Trump, which he said he asked Congress to work on legislation to reopen the federal government until mid-February, ending the longest partial closure of the federal government in the history of America, Hours after the federal police arrested Roger Stone, a US presidential adviser on charges of collaborating with WikiLeaks.

Technical Analysis

The price of gold breached the 1286.70 level after closing last week, opening the way for the corrective correction to reach 1321.65 mainly, which represents the 78.6% Fibonacci retracement of the decline from 1365.05 to 1160.00.

Therefore, the bullish trend will be likely over the coming period, consistently within the ascending channel appearing in the image, noting that stability above 1286.70 is important for the continuation of the suggested positive scenario.

The trading range for today is among the support at 1290.00 and resistance at 1316.65

The general trend for today is bullish