Analytic reviews

The British pound will continue its bullish trend despite the lack of economic data on Wednesday and Thursday on the British economy to keep the impact of the news of the market is the main impact of the movement of the royal currency for the week. Waiting for the expected results of the economy Amersx, which will be issued today later

Today, at the opening of the Asian session, the pair rose 0.30% to 1.3092 compared to the opening levels at 1.3065 and returned to the level of 1.3071 after writing the report after reaching the lowest level of trading at 1.1.3064.

On the other hand, markets are looking to the US Senate vote later today on Democratic-backed legislation to end the partial closure of the federal government, the longest in the history of the United States of America, knowing that President Donald Trump has repeatedly noted that he did not Provisional funding for the government is approved by Congress unless it includes a package to fund a border wall with Mexico.

Otherwise, investors are currently waiting for the US economy to release the Jobless Claims reading for the week ending January 19, which could reflect a 6K increase to 219,000 in the previous weekly reading before we see the initial reading of the Managers Index Industrial Procurement and Service Markit for the United States and the release of leading indicators for the last month.

Technical Analysis

GBPUSD traded strongly yesterday to break through 1.2962 and achieve the first positive target expected to breach at 1.3070. We note that the price starts today positively in a sign to continue to rise in the coming period. The upside is expected for today, awaiting a visit to the level of 1.3226 as the next main station .

The positive support for the price comes from the moving averages 7-20-50 that move under the AYE and push it upwards. And a stochastic indicator that is running in a sideways path within the overbought area.

We note that the continuation of the bullish trend requires stability above 1.2962.

The trading range for today is expected among the support at 1.3000 and the resistance at 1.3170

Support and resistance:

Support: 1.2972-1.2876

Resistance: 1.3105-1.3226

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 reflect its rebound to its third-lowest session since January 3 against the US dollar on the eve of developments and economic data expected Thursday by the Eurozone economies and the US economy. The world economy, which guarantees the decisions and directions of the European Central Bank and Congress vote on a bill aimed at ending the partial closure of the federal government, which is the longest in the history of the United States.

At 04:12 GMT, the EURUSD rose 0.07% to 1.1389, compared with the opening at 1.1381, after reaching the highest level at 1.1391 while the lowest at 1.1379.

The markets are looking for both the French economy, the German economy and the Eurozone economies as a whole. The initial reading of the Markit Index for Industrial and Service Purchasing Managers for January, which may reflect the expansion of the industrial and service sectors in France, the contraction of the industrial sector and the expansion of the service sector in Germany, Industrial and service sector in the economies of the region as a whole.

This comes ahead of the European Central Bank meeting, which is expected to keep interest rates at current zero levels and stabilize the marginal lending rate at 0.25% while staying at a negative deposit rate of -0.40% Draghi during the press conference of the European Center.

On the other hand, US investors are looking ahead to the January 19 reading of the Jobless Claims Index, which could reflect a rise of 6K to 219K last week, before we see the initial reading of the Managers Index Industrial Procurement and Service Markit for the United States and the release of leading indicators for the last month.

Markets are also looking to the US Senate vote on Democratic-backed legislation to end the partial closure of the federal government, which is in its fifth consecutive week, knowing that US President Donald Trump has repeatedly noted that he did not approve interim funding for the government by Congress Unless it includes the financing package for a border wall with Mexico.

Technical Analysis

The EUR / USD pair has found it difficult to break the support of the ascending channel so far, showing some slight upside and testing SMA 50 which continues to form a good resistance to the price.

Overall, we continue to push the downside move steady below 1.1443, as a breach will push the pair to gains starting at 1.1550 and extend to 1.1705, while the break will need 1.1350 to confirm the opening of the way toward 1.1181 which is our next main target.

The trading range for today is expected among 1.1300 support and 1.1460 support

Support and resistance:

Support: 1.1341-1.1300-1.1211

Resistance: 1.1386-1.1443-1.1512

The general trend for today is bearish

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

Stochastic is moving within the overbought area and therefore the bullish movement is likely to continue and the resistance level is tested at 46.60. Attention to any attempt to break out of this area will be reflected on the price and we may see some correction towards the medium level.

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 overall traffic of the movement is rising

The Australian dollar fell during the Asian session to see a rebound to the sixth session in ten sessions of the highest since December 13 against the US dollar following developments and economic data that followed the Australian economy and on the eve of developments and data expected Thursday by the US economy, the largest economy the world.

At 02:27 GMT, the AUDUSD fell 0.10% to 0.7135, compared to the opening levels at 0.7142, after reaching a low of 0.7133, while the highest at 0.7167.

On the Australian economy, the preliminary reading of the Industrial and Service Purchasing Managers Index for January showed a mixed performance with the industrial sector expanding to 54.3 versus 54.0 in December, and the service sector contracted to 51.0 Compared with 52.7 in December.

This came ahead of the release of Australian labor market data, which reflected a drop in the unemployment rate since the middle of 2011 to 5.0% from the previous November reading and 5.1% expectations, The pace of job creation to about 21.6 thousand added against about 39.0 thousand added, exceeding expectations of about 17.3 thousand added.

On the other hand, investors are currently waiting for the US economy to read the index of claims for the week ending on January 19, which may reflect a rise of 6 thousand applications to 219 thousand requests in the previous weekly reading, before we see the disclosure of the preliminary reading of the index Industrial and service procurement managers are out of the US and the leading indicators for last month are released.

Technical Analysis

The AUDUSD is trading in a negative territory to stay away from 0.7165. The negative effect of the double top pattern remains effective, awaiting further downside in the coming sessions, supported by Stochastic negativity.

Our expected targets start at 0.7044 and 0.7000, while stability below 0.7165 is required.

The trading range for today is expected among the support at 0.7040 and resistance at 0.7170

The general trend for today is bearish

The US dollar rose during the Asian session to see its rebound to the tenth session in 15 sessions of its lowest since March 26 against the Japanese yen following developments and economic data that followed on the Japanese economy and on the eve of developments and data expected Wednesday by the US economy, The world is looking forward to what the Governor of the Bank of Japan, Haruhiko Kuroda, will say in Tokyo.

At 05:30 GMT, the USDJPY rose 0.26% to 109.65, compared with the opening levels at 109.37, after recording a high of 109.80 and a low of 109.33.

On the Japanese economy, the reading of the trade balance showed that the deficit shrank to 55 billion yen from 738 billion yen in November, in contrast to expectations that the deficit would narrow to 35 billion yen. The revised trade balance Deficit to 184 billion yen from 492 billion yen, exceeding expectations that the deficit shrank to 291 billion yen.

The annualized reading of exports showed a drop of 3.8% from 0.1% in the previous year's reading, worse than the 1.9% decline. The annual import reading showed that growth slowed to 1.9% from 12.5% Prior to November, as opposed to expectations of slower growth to 4.0%.

To the Bank of Japan's monetary policy makers to keep interest rates at 0.10%, which was expected in the markets, with the release of the monetary policy statement and before we see the industrial activity index showed a decline of 0.3% compared to 1.0% Last October, as opposed to expectations of a 0.4% drop, and ahead of a press conference by Japanese central bank governor Kuroda.

On the other hand, investors are looking for the US economy to reveal housing market data with the Home Price Index reading, which may reflect slowing growth to 0.2% vs. 0.3% in October, before we see the release of the Richmond Industrial Index which may The deflation shrank to a value of 6 to 8 in December.

Technical Analysis

The USDJPY rallied significantly higher yesterday after testing 109.16, and we note that the price completed the formation of a continuation of the bullish flag pattern after breaching the resistance of the descending sub-channel shown in the image, to get a positive incentive to enhance the chances of achieving our target at 110.24.

Therefore, we are expecting further upside in the coming sessions provided stability remains above 109.16, noting that Stochastic is providing positive signs to support the bullish outlook.

The trading range for today is expected among the support at 109.00 and the resistance at 110.73

Support and resistance:

Support: 108.39-107.82-106.88

Resistance: 109.83-110.73

The general trend for today is bullish

Gold futures fluctuated in a tight range in the Asian session to see their rebound to its second lowest session since December 27, negating the positive stability of the US dollar index according to the inverse relationship between them following the decisions and directions of the Bank of Japan and on the eve of developments and data Expected on Wednesday by the US economy, the world's largest economy.

Gold futures for February delivery rose 0.05% to currently trade at $ 1,284.10 an ounce, showing a four-week trough from the opening at $ 1.283.40 an ounce. 0.01% to 96.31 compared to the opening at 96.30.

We followed the CBJ's monetary policy makers to keep interest rates at 0.10%, which was expected by market analysts, as the Bank of Japan's monetary policy statement reflected the Japanese central bank's more flexible monetary policy , And attention is now being drawn to what will result from a press conference by Bank of Japan Governor Haruhiko Kuroda in Tokyo.

The Bank of China (CBB) injected 257.5 billion yuan ($ 38 billion) into local banks through a new medium-term lending instrument as part of the stimulus efforts to lend to small businesses and support Growth that has stimulated investors 'appetite for risk and has overshadowed investors' concerns about slowing global growth.

In addition, investors are currently waiting for the US economy to release housing market data with the Home Price Index reading, which may reflect slowing growth to 0.2% vs. 0.3% in October, before we see the Richmond Industrial Average The contraction of the contraction could be as low as $ 6 versus $ 8 in December.

US President George W. Bush's economic adviser Lawrence Cudlow said Tuesday that the Financial Times report that Washington had canceled a preliminary meeting with Chinese officials was incorrect and that the upcoming negotiations were "very, very important" and "decisive." The Chinese state of Liu is the United States in the last two days of this month in the second round of trade talks between Washington and Beijing.

In another context, the US Senate also decided yesterday to vote on Thursday to the legislation supported by the Democratic Party to end the partial closure of the federal government, the longest in the history of the United States of America, which marks the first sign of the possibility of serious negotiations between the ruling Republican Party and Democrats To restore the full functioning of the federal government after more than a month of partial closure.

Technical Analysis

The gold price tested and maintained stability below 1286.70, in conjunction with the emergence of overbought indicators through Stochastic, while the SMA 50 meets the mentioned resistance to add more strength to it.

Therefore, we believe that opportunities are available for a rebound and resuming the expected bearish trend over intraday basis, targeting 1262.50 mainly, while stability remains below 1286.70.

The trading range for today is among the support at 1260.00 and resistance at 1295.00

Support and resistance:

Support: 1266.47-1251.32-1238.40

Resistance: 12386.80-1295.50-1300.00

The general trend for today is bearish

Sterling fell at the beginning of the session today after the rise in the meeting on Tuesday, supported by positive results from the royal economy and the negative results from the US economy

Today, at the opening of the Asian session, the pair fell 0.10% to 1.2948, compared to the opening levels at 1.2945 after the pair reached a low of 1.1.2940, while the highest at 1.2963.

Investors are looking for the US economy to release housing data with the Home Price Index reading, which may reflect slowing growth to 0.2% vs. 0.3% in October, before we see a reading of the Richmond Industrial Index which may show shrinking contraction to Up from $ 6 to $ 8 in December.

Technical Analysis

The GBPUSD rallied strongly yesterday to test the pivotal resistance at 1.2962, keeping the pair steady below this level, keeping the negative scenario intact so far, awaiting a bounce back towards the 1.2750 target.

A break above 1.2962 and stability above it will push the pair higher and test the 1.3070 level initially.

The trading range for today is expected among 1.2850 support and 1.3000 resistance

Support and resistance:

Support: 1.2876-1.2750-1.2662

Resistance: 1.2970-1.3015-1.13100

The general trend for today is bearish

The single currency of the European Union region fluctuated in a narrowly bullish range to reflect its rebound to its second-lowest session since January 3 against the US dollar on the eve of developments and economic data expected Wednesday by Eurozone economies and the US economy, the world's largest economy. .

At 04:39 GMT, the EURUSD rose 0.04% to the levels of 1.1365 compared to the opening at 1.1360 which is the pair's lowest during the session, while the pair reached a high of 1.1369.

The markets are currently looking for a reading of the consumer confidence index for the Euro-Zone economies as a whole, which may reflect the stability of the contraction at a value of 6 unchanged from last month. Otherwise, we followed Tuesday the EU Trade Commissioner Cecilia Malmstrom expressed readiness European Union countries to negotiate with the United States over tariffs on cars trade talks between the parties.

On the other hand, investors are looking for the US economy to reveal housing market data with the Home Price Index reading, which may reflect slowing growth to 0.2% vs. 0.3% in October, before we see the release of the Richmond Industrial Index which may The deflation shrank to a value of 6 to 8 in December.

Technical Analysis

The narrow range has dominated EURUSD trading since yesterday, and continues to fluctuate in support of the ascending channel, waiting to break this support to confirm the continuation of the bearish wave targeting 1.1181 as a next stop.

The moving averages are price resistance as they move above it and increase the negative pressure on it as the moving average 7 reaches the price level and intersects the downside with the moving SMA 50 which is resistance to the price.

The Stochastic is starting to exit the oversold area in an attempt to support the price and push it back towards retesting the resistance 1.1386 and thus the resistance of the ascending channel in which the price moves.

We note that stability below 1.1443 is important for the continuation of the expected decline, as breaching it will lead the price for gains starting at 1.1550 and extending to 1.1705.

The trading range for today is expected among the key support at 1.1270 and resistance at 1.1420

Support and resistance:

Support: 1.1343-1.1300-1.1210

Resistance: 1.1386-1.1443-1.1500

The general trend for today is bearish

Aeroflot fell for a third consecutive session, reversing a rally after last week's rally.

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

EURUSD

The pair is trading within a very narrow range before the ECB meeting that will take place tomorrow, on Thursday. It’s likely to remain within this range.

The price is on the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is not informative. Stoch are entering the overbought territory.

Trading recommendations:

Sell the pair at its growth from 1.1400 with a possible target of 1.1335.