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 AUDUSD Technical analysis 

The pair remains under pressure due to expectations of a reduction in interest rates by the RBA before the end of this year. At the same time, the outcome of the Fed meeting didn’t have a significant impact on the US dollar.

The price is below ...

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 AUDUSD Technical analysis 

The pair remains under pressure due to expectations of a reduction in interest rates by the RBA before the end of this year. At the same time, the outcome of the Fed meeting didn’t have a significant impact on the US dollar.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch is also there.

Trading recommendations:

Sell the pair as it goes below 0.6780 or rebounds from 0.6800 with a likely target of 0.6700.

Trading ideas for PJSC «LUKOIL»

The overall movement is upward. The downward pattern is truncated.  An ascending pattern is being formed while completing the descending structure by breaking through the inclined channel. Stochastic Oscillator indicates oversoldness.

Trading recommendations:

Buy above 5465.0 (on the ascending structure formation).

Stop Loss – 5415.0.

Target levels - 5554.0; 5726.0.

GBPUSD Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

Rising design is truncated. The level of 1.2530 holds back buyers, a bearish divergence formed on MACD. The breakthrough of the support level 1.2440 will result in a formation of an H1 level descending pattern.

Trading recommendations:

Sell below 1.2440.

Stop Loss – 1.2530.

Target levels – 1.2360. (closing ½ and move to breakeven); 1.2210.

Call Put levels

EURJPY (19.09.2019)

Time frame

trend

Call levels

Put levels

Xpir. time

H1

Bullish

115.94; 116.77; 117.73; 118.27; 118.95; 119.83.

119.83; 118.95; 118.27; 117.73; 116.77.

1-3 TF

The publication time of important economic news

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AUDUSD (19.09.2019)

Time frame

trend

Call levels

Put levels

Xpir. time

H1

bearish

0.6690; 0.6754; 0.6792; 0.6830; 0.6858.

0.6890; 0.6858; 0.6830; 0.6792; 0.6754.

1-4 TF

The publication time of important economic news

USD – 15:30; 17:00.

AUD – 04:30.

 

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky. The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

EUR Analysis

The single currency of the European Union (EU) has fluctuated in a narrow, bullish range during the Asian session, bouncing back to its fourth session in six of its lowest since September 3, when it tested its lowest since May 15, 2017 against the US dollar. On the eve of the economic developments and data expected on Thursday by the economies of the euro zone and the US economy, the largest economy in the world.

At 05:51 AM GMT the EURUSD rose 0.08% to 1.1010 levels from the opening at 1.1001, after the pair reached a session high of 1.1014, while a low of 1.0998.

Investors are looking ahead to the Eurozone economies as a whole, revealing the seasonally adjusted Current Account reading, which could reflect a widening surplus to EUR 20.3 billion from EUR 18.4 billion last June. Juncker told the European Parliament that the risk of Brexit without an agreement remained.

The European Commission President Juncker also told the European Parliament yesterday that it is possible to reach an agreement on Britain's exit from the European Union, in the case of reaching a settlement on the main thorny issues that prevent the agreement, led by the Irish border and the plan of Pakistan. Progress on the Brexit file until the UK submits its proposals to resolve these thorny issues.

European Commission President Juncker also said his recent talks with British Prime Minister Boris Johnson had been friendly and constructive, although he said it was uncertain whether an agreement on Brexit could be reached at the moment, especially since there was not enough time before. The deadline for Brexit, which has already been postponed until the end of October.

On the other hand, investors are currently awaiting the US economy for the release of the current account reading which may reflect a shrinking deficit to $ 127 billion compared to $ 130 billion during the first quarter, in conjunction with the disclosure of the Philadelphia industrial index by the largest industrialized country in the world which may Reflecting the shrinkage widened to 10.9 vs. 16.8 last August.

This comes in conjunction with the issuance of the number of claims applications for the past week on the 14th of this month, which may reflect an increase of 6 thousand applications to 214 thousand applications compared to 204 thousand applications in the previous weekly reading, as may read the index of claims applications for investors for the past week in The seventh of this month increased by two thousand applications to 1,672 thousand applications against 1,670 thousand applications.

Leading indicators, which may show a contraction to 0.1% from 0.5% in July, coinciding with the release of the US housing market data with the release of the Existing Home Sales, which may show a 0.7% decline to 5.39 million versus 2.5% rise at 5.42 million homes in July's prior reading.

This comes just hours after the FOMC meeting, during which the Fed's monetary policy makers approved a 25bp cut in federal funds for the second consecutive meeting to between 1.75% and 2.00%. Expectations, with the disclosure of the Committee's expectations on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Technical Analysis:

EUR / USD is trading around the 1.1040 level, and the price holds steady below the descending channel resistance, as it is under constant negative pressure from SMA 50, while Stochastic continues to provide overbought signals.

Therefore, these factors encourage us to continue to favor the bearishness over the coming sessions, which mainly targets 1.0857, while achieving it requires stability below 1.1085.

Expected trading range for today is between 1.0950 support and 1.1100 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the rebound for the seventh session in the twelve sessions from the highest since April 10, 2013, overlooking the decline of the dollar index for the tenth session in thirteen sessions from the highest since May 12 May 2017 According to the inverse relationship between them after the disclosure of the decisions and directions of the Bank of Japan and on the threshold of developments and economic data expected on Thursday by the US economy, the largest economy in the world.

At 04:07 am GMT, gold futures for December delivery rose 0.30% to trade at 1495.77 an ounce compared with the opening at 1492.64 an ounce, while the US dollar index fell 0.11% to 98.47 compared to the opening at 98.57.

The Bank of Japan's monetary policy makers acknowledged that interest rates will remain negative at 0.10%, which was expected by both markets, as the Bank of Japan's monetary policy statement was released. Investors are looking forward to the outcome of the press conference. Bank of Japan Governor Haruhiko Kuroda is holding it in Tokyo, especially following the recent Fed and ECB rate cuts.

On the other hand, investors are currently awaiting the US economy for the release of the current account reading which may reflect a shrinking deficit to $ 127 billion compared to $ 130 billion during the first quarter, in conjunction with the disclosure of the Philadelphia industrial index by the largest industrialized country in the world which may Reflecting the shrinkage widened to 10.9 vs. 16.8 last August.

This comes in conjunction with the issuance of the number of claims applications for the past week on the 14th of this month, which may reflect an increase of 6 thousand applications to 214 thousand applications compared to 204 thousand applications in the previous weekly reading, as may read the index of claims applications for investors for the past week in The seventh of this month increased by two thousand applications to 1,672 thousand applications against 1,670 thousand applications.

Leading indicators, which may show a contraction to 0.1% from 0.5% in July, coinciding with the release of the US housing market data with the release of the Existing Home Sales, which may show a 0.7% decline to 5.39 million versus 2.5% rise at 5.42 million homes in July's prior reading.

This comes just hours after the FOMC meeting, during which the Fed's monetary policy makers approved a 25bp cut in federal funds for the second consecutive meeting to between 1.75% and 2.00%. Expectations, with the disclosure of the Committee's expectations on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

In view of the developments in the trade talks, we followed yesterday, White House economic adviser Larry Kudlow said that US President Donald Trump is scheduled to meet with Japanese Prime Minister Shinzo Abe next Wednesday to finalize the trade agreement between Washington and Tokyo, to be signed between the United States and Japan At the UN General Assembly meeting by the end of this month.

On the other hand, Japanese Foreign Minister Toshimitsu Motegi also noted yesterday that Japan should ensure that the United States does not impose more tariffs on Japanese cars before signing any trade agreement between the two countries, noting that no agreement has been reached on Tokyo's exports of cars. To Washington so far.

US President Trump noted Monday that his country has reached initial trade agreements with Japan. Otherwise, markets are now looking to launch a new round of trade talks between the US and China at the level of deputy officials in Washington in preparation for the upcoming high-level talks between the two sides by the beginning of the month. Next which aims to resolve the existing trade disputes between the two largest economists in the world.

Technical analysis:

Gold price traded strongly negative yesterday evening to break the rising trend line and stabilize below it, and by looking closely at the chart, we find that the price formed a head and shoulders pattern showing its features in the picture, which means that breaking 1485.00 will activate the negative effect of this pattern and pressuring the price to start a bearish corrective wave.

Now, we prefer to remain neutral until we get a clearer signal for the next trend, which will be obtained by breaking the support 1485.00 or breaching the resistance of 1505.00, noting that breaking the mentioned support will push the price to 1447.00 as the next major target, while a breach of 1505.00 will lead the price to resume. The main bullish trend which targets at 1524.00 and extends to 1555.00 after breaching the previous level.

Expected trading range for today is between 1475.00 support and 1525.00 resistance.

Expected trend for today: Neutral.

JPY Analysis 

The US dollar fell during the Asian session to witness a rebound for the second session from the highest since early August, when it tested the highest since late May against the Japanese yen following the developments and economic data that followed from the Japanese economy, which includes decisions and trends of the Bank of Japan on the threshold of developments and data The economic outlook is expected Thursday by the US economy, the largest economy in the world.

At 06:03 AM GMT, USD / JPY fell 0.48% to 107.93 levels from 108.45 opening levels, after hitting a session low of 107.79 and a high of 108.47.

The Bank of Japan's monetary policy makers acknowledged that interest rates will remain negative at 0.10%, which was expected by both markets, with the release of the Bank of Japan's monetary policy statement. It showed a 0.2% gain versus a 0.7% decline in June, below expectations for a 0.4% rise.

On the other hand, investors are currently awaiting the US economy for the release of the current account reading which may reflect a shrinking deficit to $ 127 billion compared to $ 130 billion during the first quarter, in conjunction with the disclosure of the Philadelphia industrial index by the largest industrialized country in the world which may Reflecting the shrinkage widened to 10.9 vs. 16.8 last August.

This comes in conjunction with the issuance of the number of claims applications for the past week on the 14th of this month, which may reflect an increase of 6 thousand applications to 214 thousand applications compared to 204 thousand applications in the previous weekly reading, as may read the index of claims applications for investors for the past week in The seventh of this month increased by two thousand applications to 1,672 thousand applications against 1,670 thousand applications.

Leading indicators, which may show a contraction to 0.1% from 0.5% in July, coinciding with the release of the US housing market data with the release of the Existing Home Sales, which may show a 0.7% decline to 5.39 million versus 2.5% rise at 5.42 million homes in July's prior reading.

This comes just hours after the FOMC meeting, during which the Fed's monetary policy makers approved a 25bp cut in federal funds for the second consecutive meeting to between 1.75% and 2.00%. Expectations, with the disclosure of the Committee's expectations on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Technical analysis:

USDJPY opens today with strong negativity to approach the pivotal support of 107.85, which requires attention from the upcoming trading, as the continuation of the decline and breaking this level will stop the positive scenario proposed in our recent reports and press the price to return to the downside path again.

So far, the bullish trend is still likely for the coming period provided stability above 107.85, supported by SMA 50, noting that our next main target extends to 108.75.

Expected trading range for today is between 107.00 support and 108.75 resistance.

Expected trend for today: Bullish.

Cisco Stock Analysis

Cisco tested the support level of 49.33 and was unable to break it yesterday to close above the mentioned support level

SMA 20 is below the price thus forming a support level while SMA 50 is still moving above the price and forming a resistance level

Stochastic has exited the overbought area on a downtrend, thus increasing pressure on the price to retest support again.

AUD Analysis

The Australian dollar fell during the Asian session to witness the rebound to the fourth session from its highest since late July against the US dollar following the developments and economic data released by the Australian economy and on the eve of developments and economic data expected on Thursday by the US economy, the world's largest economy.

At 03:03 AM GMT, the AUDUSD fell 0.45% to 0.6780 levels, compared to the opening levels of 0.6825, after the pair reached its lowest level during the session at 0.6778, while achieving the highest at 0.6830.

The Australian economy released labor market data which showed that the unemployment rate rose to 5.3% vs. 5.2% in the previous reading last July, thus reading the current reading higher than analysts expected to stabilize at the same previous rate. The Employment Change reading showed that the rise shrank to 34.7K versus 36.4K in July, beating expectations of 15.2K.

On the other hand, investors are currently awaiting the US economy for the release of the current account reading which may reflect a shrinking deficit to $ 127 billion compared to $ 130 billion during the first quarter, in conjunction with the disclosure of the Philadelphia industrial index by the largest industrialized country in the world which may Reflecting the shrinkage widened to 10.9 vs. 16.8 last August.

This comes in conjunction with the issuance of the number of claims applications for the past week on the 14th of this month, which may reflect an increase of 6 thousand applications to 214 thousand applications compared to 204 thousand applications in the previous weekly reading, as may read the index of claims applications for investors for the past week in The seventh of this month increased by two thousand applications to 1,672 thousand applications against 1,670 thousand applications.

Leading indicators, which may show a contraction to 0.1% from 0.5% in July, coinciding with the release of the US housing market data with the release of the Existing Home Sales, which may show a 0.7% decline to 5.39 million versus 2.5% rise at 5.42 million homes in July's prior reading.

This comes just hours after the FOMC meeting, during which the Fed's monetary policy makers approved a 25bp cut in federal funds for the second consecutive meeting to between 1.75% and 2.00%. Expectations, with the disclosure of the Committee's expectations on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Technical analysis:

AUDUSD has managed to achieve our first awaited target at 0.6795 and surpass it to stabilize below it, supporting expectations for the continuation of the bearish trend over the intraday and short term, organized within the descending channel shown, waiting to visit the level of 0.6670 as the next major stop.

Therefore, we hold onto our bearish expectations unless 0.6865 is breached and hold above it.

Expected trading range for today is between 0.6730 support and 0.6820 resistance.

Expected trend for today: Bearish.

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EURUSD Technical Analysis

The pair remains in a wide range of 1.0995–1.1195 in anticipation of the Fed’s final interest rates decision and the ECB’s economic stimulus measures due from October 1st. If the Fed decides to cut rates by 0.5% at once, which is ...

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EURUSD Technical Analysis

The pair remains in a wide range of 1.0995–1.1195 in anticipation of the Fed’s final interest rates decision and the ECB’s economic stimulus measures due from October 1st. If the Fed decides to cut rates by 0.5% at once, which is possible, the pair will grow sharply. At the same time, a decrease by 0.25% will lead to its local decline, since this scenario of the Fed's actions has already been taken into account in the quotes.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and indicates slower growth of the price. Stoch reverse in the overbought zone.

Trade recommendations:

If the Fed reduces interest rates by 0.25%, sell the pair with a possible target of 1.0925 after the pair overcomes the level of 1.0995. Buy if the rates are reduced by 0.5% with a likely price increase to 1.1160.

EUR Analysis

The single currency of the European Union fluctuated in a narrow range tilted to decline during the Asian session to witness the rebound for the second session in four sessions from its highest since August 27 against the US dollar on the eve of developments and economic data expected on Wednesday by the euro zone economies and the economy American largest economy in the world.

At 05:51 AM GMT the EURUSD rose 0.08% to 1.1010 levels from the opening at 1.1001, after the pair reached a session high of 1.1014, while a low of 1.0998.

Markets in the Eurozone economies as a whole are looking to reveal the final annual CPI reading, which may reflect a stable growth of 1.0%, little changed from the initial reading for August and the previous reading for July, as the reading may show. The core annual index of the same index stabilized growth at 0.9% also unchanged from the previous initial reading and the previous annual reading for the month of July.

This comes before we see the third largest economy of the euro zone Italy, the release of the trade balance, which may show the shrinking of the surplus to 4.80 billion euros from 5.73 billion euros in July, otherwise, we followed on Tuesday the departure of former Italian Prime Minister Matteo Renzi Of the Democratic Party, raising concerns about further political instability in Italy.

Yesterday, the European Parliament also announced that Christine Lagarde was elected ECB Governor by 394 votes to Lagarde against 206 votes. Lagarde is expected to take over the ECB from early November for a period of eight Years after the current governor of the European Central Bank, Mario Draghi, whose term expires at the end of October.

On the other hand, investors are awaiting the US economy to release the housing market data with the release of both the Housing Starts Index and the Building Permits for the month of August. Construction permits are expected to decline 1.3% to 1.31 million versus a rise of 8.4% at 1.32 million. In July, housing starts may show a rise of 5.0% to 1.25 million versus a decline of 4.0% at 1.19 million.

This comes in conjunction with the FOMC meeting in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second meeting in a row to between 1.75% and 2.00% and is expected to be revealed after the expiration Committee members for growth, inflation and unemployment rates as well as the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell arrived at the press conference half an hour after the FOMC meeting on the Fed's policy-makers' meeting, which has recently been widely criticized by US President Donald Trump, demanding the Fed and Powell cut back. Interest rates "zero or less".

Technical analysis:

EUR / USD continues to fluctuate at the resistance of the descending channel and remains below it, as SMA 50 meets this resistance to add more strength to it, while Stochastic continues to provide overbought signals.

Therefore, these factors encourage us to continue to favor the bearishness over the coming sessions, with the next main target at 1.0857, while the breach of 1.1080 represents the impulse key to test 1.1180 before any new attempt to decline.

Expected trading range for today is between 1.0950 support and 1.1140 resistance.

Expected trend for today: Bearish.

Gold Analysis

Gold futures fluctuated in a narrow, bullish range during the Asian session, ignoring the positive stability of the US dollar index according to the inverse relationship between them on the eve of developments and economic data expected on Wednesday by the US economy, the largest economy in the world, which includes the proceedings of the Federal Open Market Committee and Conference Fed Press Governor Jerome Powell.

Gold futures for December delivery rose 0.07% to trade at $ 1501.09 an ounce compared with the opening at 1501.46 an ounce, while the US dollar index rose 0.09% to 98.29 compared to the opening at 98.21.

Investors are currently awaiting the US economy to release the housing market data with the release of the Housing Starts and Building Permits for August. Construction permits are expected to fall 1.3% to 1.31 million versus a rise of 8.4% at 1.32 million in July. Construction starts may show a rise of 5.0% to 1.25 million versus a decline of 4.0% at 1.19 million.

This comes in conjunction with the FOMC meeting in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second meeting in a row to between 1.75% and 2.00% and is expected to be revealed after the expiration Committee members for growth, inflation and unemployment rates as well as the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell arrived at the press conference half an hour after the FOMC meeting on the Fed's policy-makers' meeting, which has recently been widely criticized by US President Donald Trump, demanding the Fed and Powell cut back. Interest rates "zero or less".

Otherwise, markets are looking ahead to the BOJ meeting and the upcoming press conference of Governor Kuroda in Tokyo, amid expectations that if the Fed cut interest rates, about one week after the ECB cut its deposit rate to negative -0.50% With the announcement of the repurchase of the asset purchase program, this could pressure the Bank of Japan to expand stimulus.

In view of the development of trade talks, we followed last Monday, US President Donald Trump said that his country has reached preliminary trade agreements with Japan, and markets are looking forward to launch a new round of trade talks between America and China at the level of deputy officials in Washington tomorrow in preparation for the upcoming high-level talks between the parties With the beginning of next month which aims to resolve the trade disputes between the two largest economies in the world.

On the other hand, we also followed Monday's remarks by US President Trump, which expressed that Iran appears to be behind the attacks on Saudi Arabia, despite the Houthis in Yemen recently claimed responsibility for those attacks, which disrupted about 5% of global oil supplies Trump's recent remarks stressed that he did not want to go to war to reflect a tone less intense than his initial reaction.

Gold futures benefited earlier this week from the recent geopolitical strikes from last weekend's drone attacks on oil production facilities in Saudi Arabia, the world's largest oil exporter, OPEC and the world's third-largest producer. Oil and OPEC's largest, carried out by the Houthis in Yemen.

It is noteworthy that US President Trump said last Sunday that America is "closed and loaded depending on the investigation" that Iran launched an attack on Saudi oil facilities, and US Secretary of Energy Rick Perry yesterday that Iran attacked the Saudi oil facilities and should be held responsible for those attacks, Earlier this week, investors turned liquidity into safe havens, led by gold.

Technical analysis:

Gold is hovering around SMA 50, and remains stable above the main rising trend line, to keep the bullish scenario intact for the coming period, and needs a positive catalyst to support the chances of resuming the upside bias, whose next key targets are at 1524.00 then 1555.00.

Stability above 1485.00 is important to achieve the suggested targets as a breach will pressure the price to start a bearish correction over the intraday basis.

Expected trading range for today is between 1485.00 support and 1525.00 resistance.

Expected trend for today: Bullish.

JPY Analysis

The US dollar fluctuated in a narrow bullish range during the Asian session to witness the bounce for the 13th session in 18 sessions from the lowest since November 9, 2016, indicating its stability near the highest since early August, when it tested the highest since late May against the Japanese yen following the developments and economic data followed by the Japanese economy and on the eve of developments and economic data expected Tuesday by the US economy, the largest economy in the world.

At 06:27 am GMT, the US dollar against the Japanese yen rose 0.06% to 108.19 levels compared to the opening levels at 108.12, after the pair reached its highest level in seven weeks at 108.37, while the lowest level during the session trading at 108.02.

On the other hand, the Japanese Trade Balance report showed that the deficit narrowed to 136 billion yen from 251 billion yen in July, contrary to expectations for a widening deficit to 365 billion yen, while the seasonally adjusted reading of the index showed a widening The deficit hit 131 billion yen from 127 billion yen in July, beating expectations for a widening deficit of 148 billion yen.

On the other hand, investors are awaiting the US economy to release housing market data with the release of both the Housing Starts and Building Permits for August. Construction permits are expected to fall 1.3% to 1.31 million versus an increase of 8.4% at 1.32. In July, the start-up may show a rise of 5.0% to about 1.25 million versus a decline of 4.0% at 1.19 million.

This comes in conjunction with the FOMC meeting in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second meeting in a row to between 1.75% and 2.00% and is expected to be revealed after the expiration Committee members for growth, inflation and unemployment rates as well as the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell arrived at the press conference half an hour after the FOMC meeting on the Fed's policy-makers' meeting, which has recently been widely criticized by US President Donald Trump, demanding the Fed and Powell cut back. Interest rates "zero or less".

Technical analysis:

USD / JPY continues to fluctuate at 108.30, noting that the Stochastic is beginning to cross positively on the four-hour time frame, awaiting the price to breach the mentioned level and open the way for our next positive target of 109.30.

Thereby, we will continue to favor the bullishness over intraday and short-term basis unless 107.70 is breached and remains intact with a daily closing below it.

Expected trading range for today is between 107.50 support and 109.00 resistance.

Expected trend for today: Bullish.

AUD Analysis

The Australian dollar fell during the Asian session to see its rebound to the fourth session from its highest since late July against the US dollar following the developments and economic data released by the Australian economy yesterday, which included the release of minutes of the Reserve Bank of Australia meeting held earlier this month and On the eve of economic developments and data expected on Wednesday by the US economy, the largest economy in the world.

At 03:03 AM GMT, the AUDUSD retreated 0.30% to 0.6844 levels, compared to the opening levels at 0.6864, after the pair reached its lowest level during the session at 0.6843, while the highest level at 0.6868.

Yesterday, we followed the release from the Reserve Bank of Australia (RBA) of the minutes of its September 3 meeting, during which the RBA monetary policy makers decided to hold short-term interest rates at their lowest ever level for the second consecutive meeting at 1.00%. It was expected by market analysts at the time.

On the other hand, investors are awaiting the US economy to release the housing market data with the release of both the Housing Starts Index and the Building Permits for the month of August. Construction permits are expected to decline 1.3% to 1.31 million versus a rise of 8.4% at 1.32 million. In July, housing starts may show a rise of 5.0% to 1.25 million versus a decline of 4.0% at 1.19 million.

This comes in conjunction with the FOMC meeting in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second meeting in a row to between 1.75% and 2.00% and is expected to be revealed after the expiration Committee members for growth, inflation and unemployment rates as well as the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell arrived at the press conference half an hour after the FOMC meeting on the Fed's policy-makers' meeting, which has recently been widely criticized by US President Donald Trump, demanding the Fed and Powell cut back. Interest rates "zero or less".

AUDUSD is showing a quiet negative move to gradually move away from the descending channel resistance, leaving the downside scenario likely over the coming sessions, with targets starting at 0.6795 and extending to 0.6670 after breaking the previous level.

Stability below 0.6870 is important for the continuation of the expected decline, as a breach will push the price to start a bullish correction in the intraday and short term.

Expected trading range for today is between 0.6760 support and 0.6885 resistance.

Expected trend for today: Bearish.

 AEROFLOT Stock Analysis 

Aeroflot fell below the support level after yesterday's trading opened on a bearish price gap below the 107.70 support level which is near the 50% Fibonacci retracement level.

At the end of last week's trading, the price reached the resistance level of 107.25 and bounced back.

The price is still moving below the 7-20-50 moving averages, which puts pressure on the price to fall further and test support 101.12.

Stochastic is in a downtrend to the oversold area, which increases pressure on the price and pushes it to retest 101.12 support.

Overall trend: Bearish.

Trading ideas for Jonson Jonson (NYSE)

The price pivot zone 129.30 hinders sellers. The formation of the 123 pattern, where segment 1 will break through the inclined channel of the descending structure, will give an opportunity for further growth.

Trading ideas:

Buy strictly on the formation of the ascending structure (pattern 123), where the first impulse breaks through the inclined channel of the descending structure.

Stop Loss mirrored the level of 129.30.

Target levels – 131.50; 136.00; 138.50.

NZDPY Analysis

Analysis based on round-number levels, price channels and modified Elliot Waves

The overall movement is upward. Price pivot zone 68.35 holds back sellers. The pair is trading between the moving averages 135 and 365 . Fractal Sstart formed above 135 EMA. A break of the Fractal Start will result in a N1 level upward pattern within the level N8 wave (C).

Trading recommendations:

Buy Above the round secondary level of 68.80.

Stop Loss - 68.35.

Target levels – 69.50; 70.38 (123.6%of wave F and H8).

Breaking through the level 68.41 means the cancellation of the trading plan.

Call Put levels 

EURUSD (18.09.2019)

Time frame

trend

Call levels

 Put levels

Xpir time

N1

flet

1.0930; 1.0963; 1.0993; 1.1075; 1.1107.

1.1107; 1.1075; 1.1037; 1.0993; 1.0963.

1-3 TF

The publication time of important economic news

USD – 15:30; 17:30; 21:00; 21:30.

EUR – 12:00.

 

GBPUSD (18.09.2019)

Time frame

тренд

Call levels

Put levels

Xpir time

N1

bullish

1.1971; 1.2233; 1.2306; 1.2380; 1.2506.

1.2506; 1.2380; 1.2306; 1.2233.

1-4 TF

The publication time of important economic news

USD – 15:30; 17:30; 21:00; 21:30.

GBP – 11:30.

 

When buying an option against the trend, it is necessary to confirm other technical analysis tools – the presence of divergence, reversal candlestick patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky. The expiration time depends on the strength of the level and confirmation by additional tools of technical and fundamental analysis.

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The US dollar fluctuated in a narrow uptrend range during the Asian session to see the 12th session rebound from its lowest since November 9, 2016, showing the highest since early August, when it tested the highest since late May Against the Japanese yen amid the lack of economic data ...

Read more...

The US dollar fluctuated in a narrow uptrend range during the Asian session to see the 12th session rebound from its lowest since November 9, 2016, showing the highest since early August, when it tested the highest since late May Against the Japanese yen amid the lack of economic data on the Japanese economy and on the eve of developments and economic data expected on Tuesday by the US economy.

At 06:27 am GMT, the US dollar against the Japanese yen rose 0.06% to 108.19 levels compared to the opening levels at 108.12, after the pair reached its highest level in seven weeks at 108.37, while the lowest level during the session trading at 108.02.

Investors are awaiting the US economy, the world's largest industrialized countries, for the Industrial Production Index, which may show a 0.2% growth versus a decline of 0.2% in July, while the reading of the energy utilization rate may show growth accelerated to 77.6% vs. 77.5%, before We are witnessing the release of the housing market data with the release of the housing index released by the National Association of Home Builders which may reflect a stability at 66 during September.

Markets are also looking to kick off the FOMC meeting later today and Wednesday in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second consecutive meeting to between 1.75% and 2.00%. To reveal the expectations of the members of the Committee on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell will hold a press conference tomorrow, half an hour after the FOMC meeting, which has been widely criticized by US President Donald Trump. Powell cut interest rates "to zero or less."

Markets are also looking ahead to Thursday's meeting of the Bank of Japan in Tokyo on expectations that if the Fed cut interest rates, one week after the European Central Bank cut its deposit rate by 10 basis points to minus -0.50% with the announcement of a re-program. Buying 20 billion euros of assets by early November could put pressure on the BoJ to expand stimulus.

In view of the development of trade talks, we followed yesterday, President Trump said that his country has reached preliminary trade agreements with Japan, and markets are looking forward to the launch of a new round of trade talks between America and China at the level of deputy officials in Washington next Thursday in preparation for the upcoming high-level talks Early next month, which aims to resolve trade disputes between the two largest economies in the world.

Technical Analysis

USDJPY resumed significantly positive trading yesterday to begin attempts to breach the 108.30 level, reinforcing expectations for the continuation of the bullish trend over the coming sessions, awaiting confirmation of the breach to open the way towards 109.30 as the next target.

Therefore, we will hold onto our bullish outlook that will prevail within the ascending channel shown above unless the 107.70 level is breached and stability below it.

Expected trading range for today is between 107.70 support and 109.00 resistance.

Expected trend for today: Bullish.

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Google's stock has risen again and continues to move within the ascending channel, which included the upward trajectory of the movement.

Moving averages 7-20-50 form support levels near the Fibonacci retracement level of 38.2% for SMA 50 and at 23.6% for SMA 7

Stochastic is in a ...

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Google's stock has risen again and continues to move within the ascending channel, which included the upward trajectory of the movement.

Moving averages 7-20-50 form support levels near the Fibonacci retracement level of 38.2% for SMA 50 and at 23.6% for SMA 7

Stochastic is in a bullish move that has entered the overbought zone which will increase the positive pressure on the price and push it higher.

The general direction of movement is Bullish

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Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the seventh session in ten sessions from the highest since April 10, 2013, overlooking the decline of the dollar index for the ninth session in eleven sessions from the highest since 12 ...

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Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the bounce for the seventh session in ten sessions from the highest since April 10, 2013, overlooking the decline of the dollar index for the ninth session in eleven sessions from the highest since 12 of May 2017, according to the inverse relationship between them on the eve of developments and economic data expected on Tuesday by the US economy. The largest economy in the world which includes the start of the meeting of the Federal Open Market Committee.

At 04:44 am GMT gold futures for December delivery fell 071% to trade at $ 1493.54 an ounce compared with the opening at 1500.63 an ounce, while the US dollar index fell 0.04% to 98.61 compared to the opening at 98.65.

We followed the People's Bank of China (China's central bank) to facilitate medium-term lending to maintain liquidity with 200 billion yuan ($ 28.27 billion) in loans, but kept the one-year lending rate unchanged at 3.30 percent. Analysts are expected to cut interest rates on new loans by Friday to keep pace with other central banks' monetary easing.

This came hours after the reduction in reserve requirements for banks by the People's Bank of China earlier this week, announced earlier this month. The mandatory reserve ratio for banks has been reduced by 50 basis points, and some eligible banks have been reduced by 100 basis points. Liquidity of 800 billion yuan, or $ 113 billion, will also be provided in the Chinese economy.

We also followed the Reserve Bank of Australia released the minutes of the Reserve Bank of Australia's September 3 meeting, during which the RBA monetary policy makers decided to hold short-term interest rates at all time for the second consecutive meeting at 1.00%. Which was expected by market analysts at the time.

We would like to note that the RBA monetary policy makers have expressed in the minutes that the upward trend in wage growth seems to have stalled and that risks to the global outlook are still tilted to the downside, indicating that it will consider further easing of monetary policy if necessary, with Their assertion that it is reasonable to expect an "extended period" of low interest rates to achieve employment and inflation targets.

Otherwise, markets are looking ahead to the US economy, the world's largest industrialized countries, for the Industrial Production Index which may show a 0.2% growth versus a decline of 0.2% in July, while the Energy Exploitation Rate reading may show that growth accelerated to 77.6% vs. 77.5%. This is before we see the release of the housing market data with the release of the housing index by the National Association of Home Builders which may reflect a stable at 66 during September.

Investors are also awaiting the start of the FOMC meeting later today and Wednesday in Washington, which is expected to cut interest rates on federal funds by 25 basis points for the second consecutive meeting to between 1.75% and 2.00%. With the disclosure of the expectations of members of the Committee on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell will hold a press conference tomorrow, half an hour after the FOMC meeting, which has been widely criticized by US President Donald Trump. Powell cut interest rates "to zero or less.

Markets are also looking ahead to Thursday's meeting of the Bank of Japan in Tokyo amid expectations that if the Fed cut interest rates, one week after the European Central Bank cut interest rates by 10 basis points to minus -0.50% with the announcement of a re-program. Buying 20 billion euros of assets by early November could put pressure on the BoJ to expand stimulus.

In view of the development of trade talks, we followed yesterday, President Trump said that his country has reached preliminary trade agreements with Japan, and markets are looking forward to the launch of a new round of trade talks between America and China at the level of deputy officials in Washington next Thursday in preparation for the upcoming high-level talks Early next month, which aims to resolve trade disputes between the two largest economies in the world.

On the other hand, we followed yesterday's remarks by US President Trump, in which he said that Iran appears to be behind the attacks on Saudi Arabia, despite the Houthis' recent announcement in Yemen that they were responsible for those attacks that disrupted about five percent of the world oil supplies. Trump's recent statements stressed that he did not want to go to war, reflecting a tone less subtle than his initial reaction.

Gold futures benefited earlier this week from the recent geopolitical strikes from last weekend's drone attacks on oil production facilities in Saudi Arabia, the world's largest oil exporter, OPEC and the third-largest producer. The world's largest oil and OPEC, carried out by the Houthi rebels in Yemen.

President Trump said Sunday that the United States was "locked and loaded based on the investigation" that Iran had launched an attack on Saudi oil facilities. Several administration officials have also recently expressed strong evidence that Iran was behind the attack, not the Houthis, they claimed responsibility for the attacks last Saturday, prompting investors earlier this week to turn liquidity into safe havens.

Technical Analysis 

Gold price did not show any strong movement yesterday, to remain stable near the main rising trend line, noting that the stochastic is gathering positive momentum and approaching oversold areas, waiting to stimulate the price to resume the bullish tendency in the coming sessions.

Therefore, we hold onto our bullish outlook provided that the price holds above 1485.00, noting that our targets start at 1524.00 and extend to 1555.00 after breaching the previous level.

Expected trading range for today is between 1485.00 support and 1525.00 resistance.

Expected trend for today: Bullish.

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The single currency of the European Union (EU) has fluctuated in a narrow, bullish range during the Asian session, bouncing back to its third session in four of its lowest since September 3, when it tested its lowest level since May 15, 2017 against the US dollar. On the eve ...

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The single currency of the European Union (EU) has fluctuated in a narrow, bullish range during the Asian session, bouncing back to its third session in four of its lowest since September 3, when it tested its lowest level since May 15, 2017 against the US dollar. On the eve of economic developments and data expected on Tuesday by the economies of the euro zone and the US economy the largest economy in the world.

At 05:51 AM GMT the EURUSD rose 0.08% to 1.1010 levels from the opening at 1.1001, after the pair reached a session high of 1.1014, while a low of 1.0998.

Markets are looking to reveal a statistically significant ZEW Economic Sentiment reading for Germany and the Eurozone economies as a whole, which may reflect a contraction in deflation in Germany and the region as a whole to 38.0 and 37.4 versus 44.1 and 43.6 respectively in August. European Commission President Jean-Claude Juncker said the current Brexit negotiations with British Prime Minister Boris Johnson are good.

On the other hand, investors are awaiting the US economy, the largest industrial countries in the world for the release of the industrial production index, which may show a growth of 0.2% against a decline of 0.2% in July, while the reading of the energy utilization rate may show that growth accelerated to 77.6% against 77.5%, This is before we see the release of the housing market data with the release of the housing index by the National Association of Home Builders which may reflect a stable at 66 during September.

Markets are also looking to kick off the FOMC meeting later today and Wednesday in Washington, which is expected to cut the federal funds rate by 25 basis points for the second consecutive meeting to between 1.75% and 2.00% in conjunction with To reveal the expectations of the members of the Committee on the rates of growth, inflation and unemployment in addition to the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell will hold a press conference tomorrow, half an hour after the FOMC meeting, which has been widely criticized by US President Donald Trump. Powell cut interest rates "to zero or less."

Technical Analysis

EUR / USD is trading around the 1.1000 level after yesterday's decline, and SMA 50 continues to weigh on the price, while the Stochastic is showing negative signals on the daily time frame.

Therefore, these factors encourage us to continue to favor the bearishness for the upcoming period, which is the next target at 1.0857, noting that stability below 1.1080 represents the first condition for the continuation of the expected decline.

Expected trading range for today is between 1.0910 support and 1.1080 resistance.

Expected trend for today: Bearish.

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The Australian dollar fell during the Asian session to see its rebound for the third session from its highest since late July against the US dollar following the developments and economic data followed by the Australian economy, which included the disclosure of the minutes of the Reserve Bank of Australia ...

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The Australian dollar fell during the Asian session to see its rebound for the third session from its highest since late July against the US dollar following the developments and economic data followed by the Australian economy, which included the disclosure of the minutes of the Reserve Bank of Australia meeting held earlier this month and on the eve of developments The economic data expected on Tuesday by the US economy, the largest economy in the world.

At 03:03 AM GMT, the AUDUSD retreated 0.31% to 0.6844 levels, compared with opening levels at 0.6865, after the pair reached its lowest level during the session at 0.6841, while the highest level at 0.6870.

The RBA unveiled the minutes of its September 3 meeting, during which the RBA monetary policy makers decided to hold short-term interest rates at an all-time low for the second consecutive meeting at 1.00%, which was expected. By market analysts back then.

We would like to note that the Reserve Bank of Australia's monetary policy makers have expressed in their record that the upward trend in wage growth appears to have stalled and that risks to the global outlook are still tilted to the downside, indicating that it will consider further easing of monetary policy if necessary. , While emphasizing that it is reasonable to expect an "extended period" of low interest rates to achieve employment and inflation targets.

This came in conjunction with the release of the Australian housing market data with the release of the house price index, which showed a decline in the decline to 0.7% compared to 3.0% in the first quarter of last year, exceeding expectations that the decline to decline to 1.0%, while the annual reading of the same index showed the stability of the decline At 7.4%, little changed from the previous annual reading of the first quarter, also surpassing expectations for a widening decline to 7.4%.

On the other hand, investors are awaiting the US economy, the largest industrial countries in the world, the release of the industrial production index, which may show a growth of 0.2% versus a decline of 0.2% in July, while the reading of the energy utilization rate may show that growth accelerated to 77.6% against 77.5%, This is before we see the release of the housing market data with the release of the housing index by the National Association of Home Builders which may reflect a stable at 66 during September.

Markets are also looking to kick off the FOMC meeting later today and Wednesday in Washington, which is expected to cut the federal funds rate by 25 basis points for the second consecutive meeting to between 1.75% and 2.00% simultaneously. With the disclosure of the expectations of members of the Committee on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell will hold a press conference tomorrow, half an hour after the FOMC meeting, which has been widely criticized by US President Donald Trump. Powell cut interest rates "to zero or less."

Technical Analysis 

AUDUSD found strong resistance at 0.6885, bouncing down and signaling a resumption of the downtrend within the descending main channel shown, supported by negative signals from Stochastic.

Therefore, we expect to see further declines in the coming sessions unless 0.6885 is breached and hold above it, noting that our next main target is at 0.6670.

Expected trading range for today is between 0.6760 support and 0.6885 resistance.

Expected trend for today: Bearish.

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AUDUSD

The pair dropped amid the publication of the minutes of the RBA meeting on monetary policy. The document showed the probability of lowering interest rates by the bank to support economic growth in the country. This may put limited pressure on the pair.

The price is below the lower ...

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AUDUSD

The pair dropped amid the publication of the minutes of the RBA meeting on monetary policy. The document showed the probability of lowering interest rates by the bank to support economic growth in the country. This may put limited pressure on the pair.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and indicates a weakening of the price decline. Stoch are in the oversold zone.

Trade recommendations:

Sell the pair if it stays below 0.6840 with a local target of 0.6800.

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Sber Bank reached 235.96 resistance which temporarily halted the bullish movement after the stock managed to breach the resistance at SMA 50 and stabilize above it.

The price is moving above the 7-20-50 moving averages that form support levels.

Stochastic is within the overbought zone on an uptrend and ...

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Sber Bank reached 235.96 resistance which temporarily halted the bullish movement after the stock managed to breach the resistance at SMA 50 and stabilize above it.

The price is moving above the 7-20-50 moving averages that form support levels.

Stochastic is within the overbought zone on an uptrend and the continuation of movement within the region will stimulate the price to rise further.

Expected movement between 210.8 support and 244.06 resistance.

The general trend is to the upside.

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The US dollar rose during the Asian session to witness the rebound of the eleventh session in sixteen sessions from the lowest since November 9 of 2016 against the Japanese yen amid the lack of economic data earlier this week by the Japanese economy, the world's third largest economy ...

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The US dollar rose during the Asian session to witness the rebound of the eleventh session in sixteen sessions from the lowest since November 9 of 2016 against the Japanese yen amid the lack of economic data earlier this week by the Japanese economy, the world's third largest economy on the cusp of Economic developments and data expected on Monday by the US economy, the largest economy in the world.

At 06:23 am GMT, the US dollar against the Japanese yen rose 0.20% to 107.85 levels compared to the opening levels at 107.64, after the pair reached its highest level during the session at 107.92, while the lowest level at 107.46, knowing The pair started this week on a bearish price gap after closing last week at 108.09 levels.

Investors are currently awaiting the US economy, the world's largest industrialized countries, on the release of the New York manufacturing index, which may show the contraction widened to 4.1 from 4.8 in August. This comes just hours before Tuesday's release of the industrial production index which may show a rise of 0.2% against It slipped 0.2% in July, while the Energy Expenditure Rate reading may reflect accelerating growth to 77.6% vs. 77.5%.

Markets are also looking ahead to the FOMC meeting on Tuesday and Wednesday in Washington, which is expected to cut the federal funds rate by 25 basis points for the second consecutive meeting to between 1.75% and 2.00%. On the expectations of members of the Committee on growth rates, inflation and unemployment in addition to the future of interest rates for the next three years.

Federal Reserve Governor Jerome Powell is due to hold a press conference next Wednesday, half an hour after the FOMC meeting, which has been widely criticized by US President Donald Trump for demanding the Fed. And Powell's governorate cut interest rates "to zero or less."

Otherwise, the Japanese yen drew support earlier this week from the recent geopolitical strikes from last weekend's drone attacks on oil production facilities in Saudi Arabia, the world's largest oil exporter, OPEC and third. The world's largest oil producer and OPEC's largest, carried out by the Houthi rebels in Yemen.

President Trump said Sunday that the United States was "locked and loaded based on the investigation" that Iran had launched a major Saudi oil attack, and several administration officials also expressed yesterday that they had strong evidence that Iran was behind the attack. It is not the Houthis who claimed responsibility last Saturday, which prompted investors to divert liquidity to safe havens, including the Japanese yen.

Technical Analysis

The USDJPY opened lower today to test support for the rising channel shown in the picture, and is starting to rise now, where it gets positive support from SMA 50, while Stochastic is heading towards oversold areas.

Therefore, the bullish scenario will remain likely for the coming period, with a break of 108.30 pushing the price to 109.30 as the next stop, while the price needs to hold above 106.70 to sustain the expected rally.

Expected trading range for today is between 107.20 support and 108.70 resistance.

Expected trend for today: Bullish.

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