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The US dollar fluctuated in a narrow upward range during the Asian session to see its highest since November 14 against the Japanese Yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and on the brink of economic developments and data expected on Wednesday by the economy The largest economy in the world.

At 5:37 am GMT, the pair rose 0.08% to 113.88 from the opening levels at 113.79 after the pair reached a two-week high of 113.90 and the lowest at 113.60.

Investors are currently looking for the US economy to reveal the second reading of GDP, which may reflect the widest economy in the world 3.6% in the third quarter compared with the previous reading of 3.5%, while the second reading of GDP may show the stability of growth at 1.7%, unchanged from the previous reading.

This is in line with the release of the Trade Balance of Goods Index, which may reflect a widening deficit to $ 76.7 billion from $ 76.0 billion last September and the Wholesale Inventories Index, which could show growth accelerating to 0.5% from 0.4% And before we see the reading of the Richmond Industrial Index, which may reflect a widening to 16 versus 15 last October.

In conjunction with the release of housing data, which could reflect a 4.0% rise in new home sales to about 575K versus a 5.5% decline in about 553K in September, to the expected talk of Federal Reserve Governor Jerome Powell at the New York Economic Club Under the title "Federal Reserve Framework for Financial Stability Control".

Technical Analysis

The USDJPY broke through the 113.56 level and settled above it, reinforcing expectations for a bullish wave over the coming period, and the path is open to achieve the awaited target at 114.55.

The suggested positive scenario depends on the price action within the ascending channel appearing in the picture, taking into account that a breach of 113.56 - 113.20 may press the price to provide negative trades testing areas of 112.46 before any new attempt to rise.

The trading range for today is among the key support at 113.50 and resistance at 114.55.

Support and resistance:

Support: 113.50-112.87-112.13

Resistance: 114.00-114.50

The general trend for today is bullish

Author: Maher Maarouf

Gold futures traded in a narrowly bullish range during the Asian session to see their rebound to its second lowest session since Nov. 15, as the US dollar index rose for the fifth session in seven sessions from its lowest since the 7th of this month according to the inverse relationship 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 0.10% to currently trade at $ 1,221.10 an ounce, showing a 2-week low from the opening at $ 1,219.90 per ounce. % To 97.38, showing a three-week retracement from the opening at 97.37.

Investors are currently looking for the US economy to reveal the second reading of GDP, which may reflect the widest economy in the world 3.6% in the third quarter compared with the previous reading of 3.5%, while the second reading of GDP may show the stability of growth at 1.7%, unchanged from the previous reading.

This is in line with the release of the Trade Balance of Goods Index, which may reflect a widening deficit to $ 76.7 billion from $ 76.0 billion last September and the Wholesale Inventories Index, which could show growth accelerating to 0.5% from 0.4% And before we see the reading of the Richmond Industrial Index, which may reflect a widening to 16 versus 15 last October.

In conjunction with the release of housing data, which could reflect a 4.0% rise in new home sales to about 575K versus a 5.5% decline in about 553K in September, to the expected talk of Federal Reserve Governor Jerome Powell at the New York Economic Club Under the title "Federal Reserve Framework for Financial Stability Control".

Technical Analysis

Gold broke the support level 1221.1 and reached the next support level 1211 and is currently trading around this level.

The price of gold is under negative pressure now to approach the pivotal support 1208.40, and the price needs to stabilize above this level to keep the upside move over the intraday basis as breaching it will cause the loss to reach 1180.00 in the near term while the positive target of the bullish wave is expected at 1238.30.

Moving Price, the moving averages are pushing the price lower.

The Stochastic is floating near the oversold area in a sign of a low price.

Support and resistance:

Support: 1211.40-1208.60-1200.00-1195.9

Resistance: 1221.00-1227.5-1232.40-1238.30

Author: Maher Maarouf

The British pound fell during the US session, its lowest since November 15, when it achieved its worst daily performance since the announcement of the outcome of the British exit referendum from the European Union on June 24, 2016 against the US dollar amid the scarcity Economic data by the British Royal economy following the economic developments and data that followed Tuesday on the US economy.

Today, at the opening of the Asian session, the pair rose against the US dollar 0.8% to levels of 1.2746 compared to the levels of the opening 1.2738.

British Prime Minister Teresa Mae said Britain would have an independent trade and freedom of talks with the world's countries on future trade agreements, saying that it had already talked to the United States about the shape of future trade, adding that if the recent agreement As for its orderly departure from the European Union within the British Parliament, this will lead to further division and uncertainty.

Mae's remarks came hours after British Prime Minister James Slack's spokesman said the final declaration signed between Britain and the EU was clear that the United Kingdom had the right to sign any trade agreements with any country, The basis for an ambitious trade agreement between his country and America, adding that there are no plans for a bilateral meeting between May and Trump on the sidelines of the G20.

Slack also noted that the British Parliament will vote on the British exit agreement from the European Union on December 11, and that some of the report mentioned earlier today that the government coordinator Julian Smith sent a letter to the members of Parliament and that it is scheduled to take Discussions of members of the British Parliament for that order 5 days starting from the fourth next month.

On the other hand, US President Donald Trump said earlier today that the signing of the British exit agreement from the European Union will benefit the European Union, adding that it may be a good agreement for the Union, adding that it could destroy the ability of the United Kingdom to trade with his country, Britain will not be able to establish a business relationship with America, and it will not want it at all and this is a very negative point in the current agreement.

Technical Analysis

The GBPUSD traded with a strong bearishness yesterday after confirming the breach of 1.2800, on its way to achieve our negative target at 1.2636, supported by stochastic negativity and SMA 50.

Therefore, we are waiting for further downside during the coming sessions provided stability below 1.2800, with the need to control the price at the target level, as the break will cause an extension of the low price in the medium term to 1.2500 as the next main station.

The trading range for today is expected among 1.2640 support and 1.2800 resistance.

Support and resistance:

Support: 1.2698-1.2661-1.2574

Resistance: 1.2773-1.2843-1.2894

The general trend for today is bearish.

Author: Maher Maarouf

The single currency of the European Union region fluctuated in a narrow upward range during the Asian session to see its rebound to its second-lowest session since November 15 against the US dollar on the brink of developments and economic data expected Wednesday by Eurozone economies and the US economy. World economy.

At 03:59 GMT, the EURUSD rose 0.05% to 1.1295, compared to the opening at 1.1289, after reaching a high of 1.1299, while reaching a low of 1.1286.

Markets are looking for Euro-zone economies as a whole to release the annual M3-money offer, which could reflect steady growth of 3.5%, unchanged from the previous September reading, coinciding with the annual reading of the Private Loan Index Growth may accelerate to 3.2% versus 3.1% in September, before we see a statistical reading from the German Consumer Confidence Index (GFK), which reflects a contraction of 10.5 to 10.6 this month.

On the other hand, investors are currently looking for the US economy to reveal the second reading of GDP, which may reflect the widest economy in the world 3.6% in the third quarter compared to the previous preliminary reading of 3.5%, while may show the second reading of GDP measured in prices Growth was stable at 1.7%, unchanged from previous reading.

This is in line with the release of the Trade Balance of Goods Index, which may reflect a widening deficit to $ 76.7 billion from $ 76.0 billion last September and the Wholesale Inventories Index, which could show growth accelerating to 0.5% from 0.4% And before we see the reading of the Richmond Industrial Index, which may reflect a widening to 16 versus 15 last October.

In conjunction with the release of housing data, which could reflect a 4.0% rise in new home sales to about 575K versus a 5.5% decline in about 553K in September, to the expected talk of Federal Reserve Governor Jerome Powell at the New York Economic Club Under the title "Federal Reserve Framework for Financial Stability Control".

Technical Analysis

EURUSD succeeded in reaching our first target at 1.1300 and pressure starts, reinforcing expectations for the short-term downtrend, with the next target at 1.1181, while the continuation of the expected decline depends on stability below 1.1443.

The moving averages push the price and push for further downside towards the support levels as it moves above the price in a perfect order. Stochastic is trading in the overbought area and is trying to exit.

The trading range for today is expected among 1.1240 support and 1.1400 resistance.

Support and resistance:

Support: 1.1295-1.1210-1.1180

Resistance: 1.1340-1.1386-1.1443

The general trend for today is bearish

Author: Maher Maarouf

Aeroflot managed to break out of the descending channel in which it was trading. Supported by the moving averages that pushed the price higher. We await the confirmation of the SMA-20 with SMA 50 to confirm the bullish movement.

It is possible that the price corrects the movement towards the top line of the channel where we see that the Stochastic index is trading in the area of saturation of the purchase, but gives the signal of a bearish intersection and if it emerged from that region will be an opportunity to correct the rise

The trading range between the support at 111.00 and the resistance at 120.00

Support and resistance:

Support: 111.00-107.00-103.00

Resistance: 113.6-120.00

EURUSD

The pair is trading above 1.1280. It’s under pressure due to Italy’s budget crisis and the remaining Brexit issue, despite the reached deal between UK and EU.

The price is below the middle Bollinger band, on the level of SMA 5 and below SMA 14. RSI is above the oversold territory. Stoch aren’t informative.

Trading recommendations:

If the pair passes 1.1280 following the speech of the Fed’s chairman Jerome Powell, it may drop to 1.1215.

The US dollar rose during the Asian session to see its fourth session rise in five sessions from its lowest since October 30 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, the largest economy in the world Early this week.

At 06:58 GMT, the greenback was up 0.24% at 113.23 compared with the opening levels at 112.96 after reaching the highest level since November 16 at 113.29. During the trading session at 112.88.

On the Japanese economy, the third-largest economy in the world, the November Industrial PMI showed a contraction of 51.8 versus 52.9, which was revised from 53.1 in October, the current forecast is worse than analysts' expectations of 53.0.

Technical Analysis:

The USD/JPY pair traded positively yesterday to test the initial resistance of 113.56, noting that breaching this level will facilitate the price action towards our main positive target at 114.55.

Thus, the bullish trend will remain for today, supported by the SMA 50 which carries the price from the bottom, and the Stochastic is moving towards the overbought area in its bullishness.

With a reminder of the importance of stability above 112.96 for the continuation of the expected rise.

The trading range for today is among the key support at 113.00 and resistance at 114.50.

Support and resistance:

Support: 112.97-112.13-111.44

Resistance: 113.50-114.03-114.50

The general trend for today is bullish

Author: Maher Maarouf

Google shares are trying to rally after rebounding from 996 last week. Where the stock closed at on the high of 1048.6 where the moving average 20 is resistance to the price, and if the price is moving below the moving averages 20 and 50, the downward trend is the strongest trend.

The price tries to breach the level of the SMA 20 which constitutes the first resistance level, and the trend towards the SMA 50 which is at the 38.2% Fibonacci retracement level

Looking at the Stochastic, we notice that the index is fluctuating in a sideways course and closed yesterday's session at a bullish cross, and this might help the pair continue to rise if the 20 level crosses.

Support and resistance:

Support: 996-905

Resistance: 1050-1101

The general trend is bearish

Author: Maher Maarouf

Gold futures fluctuated in a tight range slipping towards the Asian session to see their fifth session rebound since November 7, defying the US dollar's decline, rebounding to its second-highest session since 15 this month according to the inverse relationship between them on the eve of developments and economic data expected Tuesday by the US economy, the largest economy in the world.

Gold futures for February delivery fell 0.05% to currently trading at $ 1,221.80 per ounce, showing a three-week rally from the opening at $ 1,222.40 an ounce, while the US dollar index 0.05% to 97.03, indicating a rebound from the upside in nearly two weeks compared to the opening at 97.07.

Investors are waiting for Federal Reserve Vice President Richard Clarida to speak at the annual conference of the Institute for Banking and Clearing Policy in New York on the basis of economic data and monetary policy before the release of housing market data, may reflect accelerated growth to 0.4% versus 0.3% in August.

The markets are also looking for the S & P House price index, which may show a slowdown in growth to 5.3% versus 5.5% in August, before we see the consumer confidence reading release, which may reflect a contraction of the widening to 136.2 versus 137.9 in October Last October, to the participation of the President of the Federal Reserve Bank of Atlanta and member of the Federal Committee Rafael Postek discussion panel on the economy in New York.

Technical Analysis:

The price of gold is fluctuating sideways and moving at SMA 50, and as long as the price is above 1208.40, our bullish outlook remains valid for the coming period, supported by stochastic approaching the oversold areas, with a reminder that we are targeting 1238.30 as the next key station.

Support and resistance:

Support: 1218.00-1212.00-1208.6

Resistance: 1224.5-1227.5-1232.3-1238.3

General direction: Side

Author: Maher Maarouf

British Prime Minister Theresa Mae and British Prime Minister Herce Mae, in a speech to the British parliament, The European Union signed an exit agreement on Sunday.

At 5:38 am GMT the GBPUSD pair rose 0.03% to 1.2816, compared to the opening levels at 1.2797

British Prime Minister Teresa Mae said that the British people voted to stop freedom of movement within the United Kingdom and that a specific migration regime would be put in place, adding that the sovereignty of Gibraltar would not be affected and that we were proud to belong to the United Kingdom. On the island of Gibraltar, with the knowledge that under the current agreement, the Kingdom will decide who has the right to fish within its territorial waters.

She said that the United Kingdom respects its financial obligations and there is a time frame for the payment of our commitments during the transitional period, adding that the political declaration clarifies what the future relations with the EU will be and shows that its government will not be able to sign a trade agreement until after the formal exit from the European Union To all members of the British Parliament taking into account the interests of the United Kingdom before the vote.

Technical Analysis:

GBPUSD is back at 1.2800 in an attempt to break it, noting that Stochastic is offering a negative cross signal and is approaching trading in the oversold area, and that the moving averages are breaching a resistance barrier above the price. Waiting for price action to breach the mentioned level to enhance opportunities to target 1.2636, which is our next major stop.

From here, we continue to push the bearish trend in the coming sessions unless the 1.2962 level is breached and stability above it.

The trading range for today is expected among 1.2700 support and 1.2900 resistance.

Support and resistance:

Support: 1.2797-1.2744-1.2696

Resistance: 1.2754-1.2900-1.2975

The general trend for today is bearish

Author: Maher Maarouf