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The Australian dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the fourth consecutive session from its lowest since November 13 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 on Thursday from Ahead of the US economy, the world's largest economy.

At 03:56 am GMT, the AUDUSD rose 0.11% to 0.7228, compared to the opening levels of 0.7220, after reaching a high of 0.7231 and a low of 0.7212.

The Australian economy released the Melbourne Institute reading of consumer expectations of inflationary pressures, which showed a rise to 4.0% from 3.6% in November, before the release of the Reserve Bank of Australia's monthly bulletin, Kent is likely that the next step is to raise interest rates and that there is also nothing to prevent them from being cut.

On the other hand, investors are looking for the US economy to read the index of claims for the week ending on December 8, which may reflect a decrease of 5 thousand requests to 226 thousand requests in the previous weekly reading, while the reading of the index of continuing claims for the week with Earlier this month rose by 19 thousand applications to 1,650 thousand in the previous weekly reading.

While the reading of the import price index, which may reflect a decline of 1.0% against 0.5% in October, while the annual reading of the same index may show a slowdown in growth to 1.3% versus 3.5%, before we see the Treasury US Treasury budget reading, which may reflect a widening deficit to $ 193.5 billion versus $ 100.5 billion in October.

Technical Analysis

AUDUSD is trading below the moving average 7 which is a continuous negative pressure against the price, reinforcing expectations for the continuation of the bearish trend in the coming period,

While the Stochastic is attempting to exit the oversold area

Therefore, we are waiting for negative trading for today unless the level of 0.7275 is breached and stability above it, noting that the following main targets are 0.7080 and 0.7020.

The trading range for today is among the key support at 0.7140 and resistance at 0.7277

The general trend for today is bearish

EURUSD

The pair is consolidating above 1.1310 amid the ongoing Brexit crisis, but today it may be put under pressure if the US consumer inflation data turn out to be higher than predicted.

The price is below the middle Bollinger band, on the level of SMA 5, but below SMA 14. RSI is below the level of 50% and is moving down. Stoch aren’t informative.

Trading recommendations:

If the US data are favorable, and the pair goes below 1.1310, a local fall to 1.1260 will be possible.

Gold futures rallied during the Asian session, negating the positive stability of the US dollar index, indicating a rebound to the third session of its lowest since November 22 according to the inverse relationship between them on the eve of developments and economic data expected Wednesday by the US economy, the largest economy in the world.

Gold futures for February delivery rose 0.23% to currently trade at $ 1,250.10 per ounce, compared to the opening at $ 1,247.20 an ounce, while the US dollar index rose 0.01% to 97.40 levels. Its lowest in three weeks compared to the opening at 97.39.

Investors are eyeing the US economy to release inflation data with the release of the Consumer Price Index (CPI), which may reflect stability at zero levels versus 0.3% in October, while the core reading of the index itself may show a 0.2% From its October level. The annual reading of the index may reflect a slowdown in growth to 2.2% from 2.5%.

In the same context, the annual Core CPI reading may show growth accelerating to 2.2% from 2.1% in the previous October reading, before we see the US Treasury Department reading the Treasury budget, which may reflect a widening deficit to its value Compared to $ 100.5 billion in October.

Technical Analysis

The price of gold is trading today at a quite high, signaling the price attempt to resume the expected bullish trend over the medium term

Where gold failed to breach the resistance 1251.4 after approaching yesterday and fell to support level 1238.4. Consolidate more stability and support from the SMA 7 which is trading close and below to the price giving it more stability to continue and test resistance again

Note that trades should remain above the 1238.4 level to keep the upside move.

The stochastic has lost momentum and is out of the overbought area, signaling a correction to the price movement towards the previous support level.

The trading range for today is among the support level at 1238.4 and resistance at 1251.3

Support and resistance:

Support: 1238.8-1227.4-1221.9

Resistance: 1251.4-1257.00-1262.8

The expected trend for her today: uptrend

The British pound fell during the US session to its lowest level since April 12, 2017 against the US dollar following developments and economic data followed Tuesday by the British Royal economy and his counterpart the US economy, the largest economy in the world amid the postponement of the British Parliament vote on the exit agreement Britain, which was due to meet today at the request of British Prime Minister Theresa May at the weekend because of fears of parliament's rejection of the agreement.

We have followed the RBA to disclose labor market data, which showed the stability of the unemployment rate for the three months ending in October at 4.1%, unchanged from the previous reading in line with expectations, while the reading of the average income index accelerated growth to 3.3% 3.1%, compared with expectations of 3.0%, and the reading of applications for aid was 21.9 thousand applications compared to 23.2 thousand applications, other than expectations 13.2 thousand applications.

The British pound is still under pressure from growing opportunities for Britain to emerge irregularly from the EU, especially after Prime Minister Theresa May asked the British Parliament in London yesterday to postpone the vote on a British exit agreement from the EU, Within the parliament and that there will be talks with EU leaders about concerns about exit from the union.

In an interview with parliament on Monday, May refused to comment on the possible date of the vote, noting that it was unlikely that there would be another vote before January 21 and that her government was seeking to enable Parliament to control the Pakstop plan further. The agreement has become clear that Pakstop will be temporary, explaining that it has no doubt that the current agreement is the best.

Claims of the resignation of the government following its failure to leave the European Union have been raised, and some members of parliament have voted to withdraw confidence from the May government, which calls for a postponement of the vote on Britain's exit agreement from the union hours before parliament is due to vote. Renegotiation with the European Union, which stressed that it would not renegotiate the agreement reached.

On the other hand, we followed the reading of the Producer Price Index (PPI), which is a preliminary indicator of inflationary pressures, which showed a slowdown in growth to 0.1% from 0.6% in October, beating expectations for stability at zero levels. The same index slowed growth to 2.5% in line with expectations versus 2.9% in the previous annual reading for the month of October.

In the same context, the core reading of the PPI showed a slowdown in growth to 0.3% from 0.5% in October, beating expectations of a slowdown of 0.1%. The core annualized reading of the same index showed that growth accelerated to 2.7% versus 2.6% In the previous annual reading for the month of October, contrary to expectations that indicated a slowdown in growth to 2.5%.

Technical Analysis

The GBP / USD pair rebounded strongly yesterday after testing the 1.2636 level, which proved strong against the positive price attempts, causing new losses, breaking the 1.2500 level and closing the daily candlestick below it, which supports our continued bearish outlook for the coming period, paving the way for the move. About 1.2350 which represents our next main target.

Moving averages are trading above the price and increase the negative pressure on the price and push it towards further decline. While the Stochastic is within the oversold territory to increase negative pressure on the price.

Therefore, we are likely to see further declines today if the price does not break through the 1.2636 level and hold a daily close above it.

The trading range for today is expected among 1.2400 support and 1.2600 resistance

Support and resistance:

Support: 1.2495-1.2405-1.2350

Resistance: 1.2635-1.2737-1.2894

The general trend for today is bearish

The Australian dollar fluctuated in a narrow bullish range during the Asian session to see its rebound for the second consecutive session from its lowest since November 13 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 on Tuesday from Ahead of the US economy, the world's largest economy.

At 02:58 GMT, the AUDUSD rose 0.11% to 0.7198 compared to the opening levels of 0.7190, after reaching a high of 0.7208, while reaching a low of 0.7185.

We followed the release of the Australian housing market data with the reading of the house price index, which showed a widening of the decline to 1.5% in line with expectations compared to 0.7% in the second quarter, and the annual reading of the same index showed the widening decline to 1.9% compared to 0.6% in the annual reading Prior to the second quarter, outperforming expectations at 2.0%.

This came in conjunction with the release of the National Bank of Australia's Business Confidence Index, which showed a contraction of 3 to 5 in October, hours after Assistant Secretary of the Australian Reserve Bank of Financial Markets Christopher Kent said yesterday in Sydney that The next step is likely to be to raise interest rates and there is also nothing to prevent them from being cut if necessary.

On the other hand, investors are looking for the US economy to release the Producer Price Index (PPI), which is a preliminary index of inflationary pressures, which may reflect stability at zero levels versus 0.6% growth in October, while the annual reading of the same index may show growth slowing to 2.5% Compared with 2.9% in the previous annual reading for the month of October.

In the same context, the core reading of PPI may show a slowdown of 0.1% vs. 0.5% in October, and the core annualized reading of the same index may reflect a slowdown in growth to 2.5% from 2.6% in the previous October reading , And comes hours before the disclosure on Wednesday on the reading of the consumer price index, which may confirm the slow growth of inflationary pressures during the past month.

Technical Analysis

The price is currently trading among the moving averages as SMA 50 continues to form a support level at 0.7180 while there is a SMA 7 at 0.7235

AUDUSD continues to fluctuate around the 0.7200 level, and the SMA 50 continues to press the price to prevent it from falling,

Stochastic within the oversold area in a sideways path increases the negative pressure on the price.

Our bearish trend is targeting 0.7080 and then 0.7020 as the next major stops, noting that the continuation of the expected decline requires stability below 0.7277.

The trading range for today is among the key support at 0.7120 and resistance at 0.7277

Support and resistance:

Support: 0.7180-0.7142-0.7120-0.7044

Resistance: 0.7235-0.7276-0.7367

The general trend for today is bearish

Aeroflot continues to trade within the descending channel on a bearish path. The stock is currently trading at the support level 102.34.

The price is moving below the moving averages 7-20 and around the SMA 50, so if the price breaks the support level, the averages will constitute a negative pressure on the price and will push it to test the new support at 95.72

Stochastic in the oversold area increases the negative pressure on the price

The wedge between support 90.40 and resistance 111.00

Support and resistance:

Support: 102.34-95.72-90.4.

Resistance: 107.00-111.00-115.35

The single currency of the European Union region fell during the US session to see its second straight session since November 20 against the US dollar following economic developments and data followed Tuesday by the Eurozone economies and the US economy, the world's largest economy.

We followed the release of ZEW economic confidence for both Germany and the Euro-zone economies, which showed a decline in Germany to 17.5 from 24.1 in November, in contrast to expectations of a 25.0-fold decline. The same decline in the economies of the region as a whole To 21.0 versus 22.0, as opposed to expectations of a 23.3-fold widening.

Otherwise, European Commission President Jean-Claude Juncker expressed his surprise at the developments of the British exit agreement from the European Union in the wake of British Prime Minister Teresa May's decision to postpone the parliamentary vote that was due to take place today on the agreement, explaining that the exit agreement is the only option currently appropriate , European Council President Donald Tusk said that the European Commission will not negotiate again the exit agreement, in particular the Pakstop plan.

However, Tusk also reported through his official account that the European Commission is ready to discuss how to facilitate the process of British approval of the exit agreement regularly, adding that due to time constraints, the European Commission will discuss the possibility of not agreeing to the exit agreement and the exit of Britain from the European Union without an agreement, This came before we saw some report that Mai would meet later with Unker and Tusk.

We would like to point out that the Executive Director of the International Monetary Fund, Christine Lagarde, recently said that the recent protests in France, which forced the government to cancel the increase in fuel prices, will have negative consequences on the French economy, the second largest economy of the euro area. In the same context, His country expects the new budget deficit to rise to 2.5% of GDP.

To the report that said Italian Prime Minister Giuseppe Conte will meet Wednesday with European Commission President Juncker to discuss amendments to the Italian budget to avoid any judicial proceedings by the European Union against his government, in the same context, said Italian Deputy Prime Minister Luigi May said that the laws The European Union's budget and growth on France is similar to that applied to the Italian economy, the third largest economy of the euro area.

On the other hand, we followed the reading of the Producer Price Index (PPI), which is a preliminary indicator of inflationary pressures, which showed a slowdown in growth to 0.1% from 0.6% in October, beating expectations for stability at zero levels. The same index slowed growth to 2.5% in line with expectations versus 2.9% in the previous annual reading for the month of October.

In the same context, the core reading of the PPI showed a slowdown in growth to 0.3% from 0.5% in October, beating expectations of a slowdown of 0.1%. The core annualized reading of the same index showed that growth accelerated to 2.7% versus 2.6% In the previous annual reading for the month of October, contrary to expectations that indicated a slowdown in growth to 2.5%.

Technical Analysis

The Euro succeeded in breaching the support level 1.1341 and closing below it to succeed in achieving our first target of 1.1300 now, waiting to break this level to confirm the move towards target 1.1181, which is our next main stop, to keep the bearish trend in place and effective during the coming sessions provided stability below 1.1443.

Moving averages are currently trading above the price and increase the negative pressure on the price and push it towards further decline. While the Stochastic is trading near the oversold area on a bearish path to increase negative pressure on the price.

Therefore, we will continue to lower the downside during the coming sessions unless the 1.1443 level is breached and stability above it.

The trading range for today is expected among 1.1220 support and 1.1400 resistance

Support and resistance

Support: 11341-1.1300-1.1210

Resistance: 1.1386-1.1443-1.1500

The general trend for today is bearish

GBPUSD

The pair is trading below 1.2600, while still under pressure because of the escalating Breixt crisis in the British Parliament. This negative factor is likely to continue affecting the pair.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border of the oversold territory. Stoch are trying to grow.

Trading recommendations:

If the pair remains below 1.2600, it may drop further down to 1.2465.

Google shares are down after last week's rally to continue the bearish path towards the 997 targets, under pressure from SMA 50 which is pushing the price towards further downside.

Stochastic has reached the oversold area, forming a price barrier

MACD is moving below the zero level. All indicators give negative signals to the price towards further downside

Support and resistance:

Support: 1037-997

Resistance: 1095-1135

NEW YORK (Reuters) - Gold futures traded in a narrowly bullish range during the Asian session as the US dollar index declined, showing a rebound to the second-high session since the end of last November, according to the inverse relationship between them on the eve of developments and economic data expected Tuesday by the largest US economy World economy.

Gold futures for February delivery rose 0.15% to currently trade at $ 1,251.30 per ounce from the opening at $ 1,249.40 per ounce, amid the decline of the US dollar index to 0.12% to 97.10, indicating a rebound for the second session from the top in two weeks compared to the opening at 97.22.

Investors are currently looking for the US economy to release the Producer Price Index (PPI), an initial index of inflationary pressures, which may reflect stability at zero levels versus 0.6% growth in October, while the same annualized reading may show growth slowing to 2.5% versus 2.9%. % In the previous annual reading for the month of October.

In the same context, the core reading of PPI may show a slowdown of 0.1% vs. 0.5% in October, and the core annualized reading of the same index may reflect a slowdown in growth to 2.5% from 2.6% in the previous October reading , And comes hours before the disclosure on Wednesday on the reading of the consumer price index, which may confirm the slow growth of inflationary pressures during the past month.

Technical Analysis

Gold continues to move within the up channel. yesterday it has corrected the uptrend and retreat towards the 1238.38 level. If the price is above this level, the bullish trend will remain intact towards resistance 1251.3 and then 1262.8

SMA 7 moves under and near the price and gives it more stability to the upside and the SMA20 -SMA50 are moving below the price and giving it positive pressure to climb

The Stochastic is moving within the overbought area in a sideways path that is consolidating the up trend

The trading range for today is among the support at 1238.38 and resistance at 1251.32

Support and resistance:

Support: 1238.3-1227.38-1221.9

Resistance: 1251.32-1257.00-1262.8

The general path is up