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March 2019

EURUSD

The pair is trading above 1.1400 as the Fed decides to abandon the interest rates hike policy for this year, which is likely to have a significant impact on the USD rate. The pair’s local growth in the short term is expected.

The price is on the ...

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EURUSD

The pair is trading above 1.1400 as the Fed decides to abandon the interest rates hike policy for this year, which is likely to have a significant impact on the USD rate. The pair’s local growth in the short term is expected.

The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is indicating slower growth. Stoch aren’t informative.

Trading recommendations:

Buy the pair at its probable decline from 1.1400 with a local target of 1.1500.

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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its ninth session retreat in its 11-session low since June 26, 2017 against the US dollar amidst a look at the EU economic summit in Brussels and The economic outlook ...

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The single currency of the European Union region fluctuated in a narrowly bullish range during the Asian session to see its ninth session retreat in its 11-session low since June 26, 2017 against the US dollar amidst a look at the EU economic summit in Brussels and The economic outlook for the US economy is expected to rise on Thursday.

At 04:55 GMT, the EURUSD rose 0.11% to 1.1425, compared to the opening at 1.1413, the pair's lowest level during the session, while the pair reached a high of 1.1438.

Investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which may reflect a decrease of 3K to 226K versus 229K. Of the month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis


EURUSD managed to achieve our main target at 1.1443 and starts to show bearish rebound from there, which makes us likely to see negative trading in the coming sessions, starting with a correction to the recent high, targeting 1.1340 areas mainly.

Hence, the bearishness is likely to be supported today by the negativity of Stochastic, noting that a break of 1.1443 will stop the bearish corrective scenario and push the price to continue to rise in the short term.

The trading range for today is expected among 1.1340 support and 1.1500 resistance

The general trend for today is bearish

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Cisco began to correct the upside move that was trading within it as the price reached 53.98, a historic level never before achieved.

In general, we are still within the ascending trend in which the stock is trading.

Positive momentum comes from moving averages that are still moving below ...

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Cisco began to correct the upside move that was trading within it as the price reached 53.98, a historic level never before achieved.

In general, we are still within the ascending trend in which the stock is trading.

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

The Stochastic is starting to exit from the saturation area and this is reflected by seeing more correction in the price action

It should be noted that there may be a strong correction movement as a result of profit taking on the price, pushing the price down towards the support level 49.51

The general trend of the movement is bullish

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The Australian dollar rose during the Asian session, its highest since February 27 against the US dollar following the economic developments and data that followed the Australian economy and on the eve of developments and economic data expected Thursday by the US economy, the largest economy in the world.

At ...

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The Australian dollar rose during the Asian session, its highest since February 27 against the US dollar following the economic developments and data that followed the Australian economy and on the eve of developments and economic data expected Thursday by the US economy, the largest economy in the world.

At 02:49 GMT, the AUDUSD rose 0.67% to 0.7164 compared to the opening levels of 0.7116, after hitting a three week high at 0.7168, while the lowest level at 0.7114.

We have followed the Australian economy to reveal data on the labor market, which showed a decline in unemployment to 4.9%, which is the lowest since mid-2011 compared to the previous January and expectations of 5.0%, and with the publication of the index of change in employment At 4.6K versus 38.3K in January, below expectations of 14.8K.

On the other hand, investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which could reflect a decrease of 3K to 226K versus 229K. Which ended on the ninth of this month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis


AUD / USD has breached 0.7120 and is now stabilizing, supporting expectations for a bullish intraday trend, paving the way for our next target at 0.7250.

Moving above SMA 50 supports the bullish outlook, which requires stability to remain above 0.7044.

The trading range for today is expected among the support at 0.7100 and the resistance at 0.7220

The general trend for today is bullish

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The US dollar fluctuated in a tight range slipping towards the Asian session to see its fifth straight session rebound since March 6 against the Japanese Yen amid tight economic data by the Japanese economy, the world's third-largest economy due to the Spring Equinox holiday. And on the eve ...

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The US dollar fluctuated in a tight range slipping towards the Asian session to see its fifth straight session rebound since March 6 against the Japanese Yen amid tight economic data by the Japanese economy, the world's third-largest economy due to the Spring Equinox holiday. And on the eve of developments and economic data expected Thursday by the US economy, the largest economy in the world.

At 6:01 am GMT, the USDJPY dropped 0.15% to 110.53 compared to the opening levels at 110.70 after the pair hit its lowest level since February 27 at 110.41, while its highest in trading Session at 110.75.

Investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which may reflect a decrease of 3K to 226K versus 229K. Of the month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis


The pair fell strongly against the yen yesterday to succeed in achieving our first target at 110.76, and starts today further down to reach the second goal 110.35, noting that the price completed the formation of a double top model signals the direction of the price to achieve further decline in the short term, The next target reaches the 109.40 areas.

Therefore, we expect the downside movement to continue in the coming sessions if the price does not breach the 110.76 level and stability above it.

The trading range for today is expected among the support at 109.40 and the resistance at 111.00

The general trend for today is bearish

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Gold futures rallied during the Asian session, their highest since late February as the US dollar index fell for the ninth session in 11 sessions of its highest since June 21, 2017 according to the inverse relationship between them on the eve of developments And economic data expected Thursday by ...

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Gold futures rallied during the Asian session, their highest since late February as the US dollar index fell for the ninth session in 11 sessions of its highest since June 21, 2017 according to the inverse relationship between them on the eve of developments And economic data expected Thursday by the US economy, the largest economy in the world.

Gold futures for April delivery rose 0.41% to currently trade at $ 1,317.90 an ounce, the highest in three weeks compared to the opening at $ 1,312.70 an ounce, amid a decline of the US dollar index of 0.01% to Levels of 95.90, showing a continuation of the rebound from the top in nearly two years compared to the opening at 95.91.

Investors are currently waiting for the US economy to read the Jobless Claims for the week ending March 16th, which may reflect a decrease of 3K to 226K versus 229K. Of the month, down by 8 thousand applications to 1,768 thousand applications against 1,776 thousand applications.

This comes in conjunction with the release of the Philadelphia Industrial Index, which may reflect a widening to 4.6 against a contraction of 4.1 in February, before we see the leading index reading, which may rise 0.1% versus 0.1% January, coming hours after the March 19-20 meeting of the Federal Open Market Committee in Washington.

Fed monetary policy makers have agreed to keep interest rates between 2.25% and 2.50% and move forward with a $ 50bn rebound in bond purchases until September as the Federal Reserve cuts its growth forecast and raises its forecast for rates Unemployment and the decline in the expectations of raising interest rates during the current year, while maintaining their expectations to raise once in the next year 2020.

Technical Analysis


The price of gold opens higher today to reach our first target at 1320.00, and the price continues to move within the bullish intraday channel which supports the chances of a bullish wave extending to reach our next target at 1346.73.

Therefore, we continue to favor the bullish trend in the coming sessions supported by SMA 50, taking into consideration that the break of 1302.60 will stop the expected rally and press the price to return to the downside correction.

The trading range for today is among the key support at 1305.00 and resistance at 1340.00

The general trend for today is bullish

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EURUSD

The pair is above the existing level in anticipation of the Fed’s final monetary policy decision. If the bank shows the intention to stop hiking interest rates, it will support the demand for risk assets and the pair. At the same time, if the regulator’s decision isn ...

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EURUSD

The pair is above the existing level in anticipation of the Fed’s final monetary policy decision. If the bank shows the intention to stop hiking interest rates, it will support the demand for risk assets and the pair. At the same time, if the regulator’s decision isn’t a clear one and reflects its intention to make decisions concerning interest rates based on the current economy situation, the pair will be put under pressure.

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

Trading recommendations:

If the pair goes below 1.1335, there’s a possibility of falling to 1.1280. At the same time, if it goes above 1.1360, it may trigger further local growth to 1.1400.

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The US dollar fluctuated in a tight range in the Asian session against the Japanese Yen following developments and economic data followed Wednesday by the Japanese economy, the third largest economy in the world in conjunction with the events of the meeting of the Federal Open Market Committee in Washington ...

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The US dollar fluctuated in a tight range in the Asian session against the Japanese Yen following developments and economic data followed Wednesday by the Japanese economy, the third largest economy in the world in conjunction with the events of the meeting of the Federal Open Market Committee in Washington and on the eve of the press conference of the Governor of the Federal Reserve Jerome Powell later in the day.

At 06:05 GMT, the USDJPY rose 0.15% to 111.56 compared to the opening levels at 111.39 after the pair reached a high of 111.69 and a low of 111.31.

We have followed the Bank of Japan's release of the minutes of the Bank's meeting held on the 15th of this month, during which it kept interest rates negative at 0.10%, which was expected in the markets at the time, with the release of the statement of monetary policy when he talked about the growing Foreign risk, which threatens to hinder fragile economic recovery, amid signs of weak exports, which saw the largest decline in two years by the beginning of the year.

We note that the weak demand for Japanese exports by China in January followed the slowdown of China's economic growth over the past year at its lowest pace since 1990 as a result of the US-China trade war following Washington under the leadership of US President Donald Trump For trade protectionism, may eventually weigh heavily on industrial production in Japan, which has seen its worst performance in the year.

The Japanese central bank's monetary policy makers maintained their view that the economy was moderately expanding, but added in the latest monetary policy statement that "exports and production were affected by the slowdown in overseas growth", except that "the economy was moderately expanding" only in the previous statement, The context, Bank of Japan Governor Haruhiko Kuroda said at a press conference after the meeting on moving forward stimulus to support the economy.

Japan's Economy Minister Toshimitsu Motegi on Tuesday expressed his hope that the Bank of Japan will continue to do its best to meet the inflation target and support the growth of inflationary pressures in the world's third-largest economy, as opposed to Japanese Finance Minister Taro Aso That citizens in his country are not angry about not achieving the inflation target and that there is no need to focus on the inflation target only.

On the other hand, investors are now eyeing the FOMC meeting in Washington on March 19-20 amid expectations that Fed monetary policy makers will keep interest rates at 2.25% to 2.50% and move forward. Cut back on bond purchases of $ 50 billion a month and market pricing to raise the federal funds rate once this year.

Investors are waiting for Federal Open Market Committee members to reveal their expectations for growth and unemployment as well as inflation and the future of interest rates for the next three years ahead of Fed Chairman Jerome Powell's forthcoming press conference, which recently announced the Fed's intention to be patient and monitor economic data before resuming policy tightening. Cash or not

Technical Analysis


The USD / JPY pair opened higher today to test the pivotal resistance 111.67, noting that Stochastic is reaching overbought areas now, awaiting a rebound on the pair to resume the expected bearish trend for the coming period, which depends on stability below the mentioned level.

The awaited negative targets start at 110.76 then 110.35, while the breach of the key 111.67 key resumption of the main trend to move towards areas extending to 113.00 in the near term.

The trading range for today is among the key support at 110.76 and resistance at 112.07

The general trend for today is bearish

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Gold futures fluctuated in a tight range slipping into the Asian session to see their rebound for the second session since March 13 as the US dollar index rose for the first time in four sessions, rebounding to a second low since early this month. The opposite relationship between them ...

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Gold futures fluctuated in a tight range slipping into the Asian session to see their rebound for the second session since March 13 as the US dollar index rose for the first time in four sessions, rebounding to a second low since early this month. The opposite relationship between them coincided with the meeting of the Federal Open Market Committee in Washington and on the eve of the press conference of Federal Reserve Governor Jerome Powell on Wednesday.

At 03:38 GMT, gold futures for April delivery fell 0.14% to currently trade at $ 1,304.60 per ounce from the opening at $ 1,306.00 an ounce. The US dollar index rose 0.07% to 96.48 compared to the opening at 96.40.

The markets are now looking at the FOMC meeting in Washington on March 19-20 amid expectations that Federal Reserve policy makers will keep interest rates at 2.25% to 2.50% and move forward with cuts in buybacks Bonds at $ 50 billion a month and market pricing to raise the federal funds rate once this year.

Investors are waiting for Federal Open Market Committee members to reveal their expectations for growth and unemployment as well as inflation and the future of interest rates for the next three years ahead of Fed Chairman Jerome Powell's forthcoming press conference, which recently announced the Fed's intention to be patient and monitor economic data before resuming policy tightening. Cash or not.

Technical Analysis


The price of gold is showing some slight bearish bias towards the pivotal support of 1301.60, where the 50 SMA meets to add more strength to it, while Stochastic is shedding negative momentum and reaching oversold areas.

Therefore, these factors encourage us to maintain our bullish outlook for the coming period as the price is organized within a bullish intraday channel, indicating that our main targets start at 1320.00 and extend to 1346.73, while stability above 1302.60 is an important continuation of the expected bullishness.

The trading range for today is among the support at 1295.00 and resistance at 1320.00.

The general trend for today is bullish.

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The single currency of the European Union region fluctuated in a tight range in the Asian session to see its rebound to its second-highest session since March 4 against the US dollar on the brink of economic developments and data expected Wednesday by the largest eurozone economies. The meeting of ...

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The single currency of the European Union region fluctuated in a tight range in the Asian session to see its rebound to its second-highest session since March 4 against the US dollar on the brink of economic developments and data expected Wednesday by the largest eurozone economies. The meeting of the Federal Open Market Committee in Washington.

At 04:58 GMT, the EURUSD dropped 0.05% to 1.1346 compared to the opening at 1.1346, after reaching a low of 1.1343, while reaching a high of 1.1357.

The markets are currently waiting for the euro zone's biggest economy to see the Producer Price Index (PPI), an initial indicator of inflationary pressures, which could reflect a contraction of growth to 0.2% from 0.4% in January. 2.9% compared to 2.6% in the previous annual reading for the month of January.

On the other hand, investors are now eyeing the FOMC meeting in Washington on March 19-20 amid expectations that Fed monetary policy makers will keep interest rates at 2.25% to 2.50% and move forward. Cut back on bond purchases of $ 50 billion a month and market pricing to raise the federal funds rate once this year.

Investors are waiting for Federal Open Market Committee members to reveal their expectations for growth and unemployment as well as inflation and the future of interest rates for the next three years ahead of Fed Chairman Jerome Powell's forthcoming press conference, which recently announced the Fed's intention to be patient and monitor economic data before resuming policy tightening. Cash or not.

Technical Analysis


The EUR / USD pair is floating in a sideways trend as shown in the chart above, and the price needs to breach the 1.1360 level to confirm the resumption of the expected bullishness over intraday basis, where we await the 1.1420 - 1.1443 mainly.

SMA 50 continues to support the price from the bottom while Stochastic is attempting to shed its negative momentum and therefore we will maintain our bullish trend for today unless the 1.1290 level is breached and stability below it.

The trading range for today is expected among the key support at 1.1290 and resistance at 1.1440

The general trend for today is bullish

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