US dollar fall as markets waits Fed meeting and stocks are continuing its rises

The US dollar has been weakened as demand weakens as anticipation of the Federal Reserve's meeting on Thursday and the markets are already ready to take a decision to cut interest rates again as the US economy continues to slow down and disappointing data has made the markets ready for further cuts. The Dollar Index, which measures the value of the currency against six major currencies, is now trading at 97.50 levels, and we expect further declines to 97.32 levels.
Of course, gold benefited from the greenback's decline to rise back to 1505 levels, especially with the continued high uncertainty caused by the Brexit, but the decision-makers attempts to inject liquidity in the market to promote the economy, which is experiencing the slowest pace of growth in three decades to reduce the rise of gold to stabilize Those levels for a while. Our positive outlook for gold remains valid over the medium term as long as it stabilizes the highest levels of $ 1500, especially as it succeeds in breaching the descending channel, which has been moving inside since mid-September to head above 1517.80 levels.
Speaking of the Brexit dossier, which has become the strongest pound engine, the markets are awaiting Johnson's attempt to vote for parliament to exit the EU by the end of the week after it was rejected last week. On the other hand, the European Union is considering today the possibility of extending the Brexit for another three months to the end of January 2020.
On the other hand, world oil prices have fallen since the beginning of the week from 56.81 levels after the latest statistics showed that Chinese companies are negatively affected by the slowdown in strong growth, which caused fears of the decline in global demand in the coming period to increase pressure on oil and make us likely to continue falling to the level $ 54.88 a barrel.
Buying support remains dominated by the German DAX after the strong performance of most German companies in the third quarter of the year to test 12920 levels.If it succeeds in stabilizing above, it is expected to head towards the 13000 level which represents the target of the symmetrical triangle pattern and from there to 13200 levels.
Turning to the latest stock movements, which received many support after the profits of the results of most of the companies that exceeded the profits significantly, led by Tesla, which as mentioned earlier recorded profits contrary to expectations to continue to rise to the highest level since the beginning of the year at 327.90 and is expected to move to the next period $ 380.
Apple and Jp Morgan continue their winning streak to record new highs after strong third-quarter performance reaching 246.50 and JP Morgan to 126.60. Goldman Sachs believes that investing with Apple in the coming period will be the trump card in 2020.
Amazon shares, which posted a strong rise of 20% from $ 1702.00 to $ 1761, are expected to continue to rise in preparation for the black Friday, which often cause increased profits of retailers and the stock may rise to the levels of $ 1800.