Dubai Financial Market General Index looking for next resistance zone

The Dubai Financial Market General Index ( DFMGI ) ended its last day (April 04, 2017) trading session by gaining 0.58% to close at 3,559.69. Last five consecutive days the benchmark index ended in a positive note

Overall bullish characteristics remain for the Tadawul All Share Index (TASI)

Following a breakout from a relatively large Double Bottom trend reversal pattern in late-November (breakout above 6,875.69) of last year the Tadawul All Share Index (TASI) pulled back and has been consolidating

The Kuwait Stock Exchange Index (KSE) is up big in 2017. How far can it go?

Last week the Kuwait Stock Exchange Index (KSE) was up 5.4% to close at 6,435.74, while volume spiked to the highest level since June 2013. This is the thirteenth consecutive week of gains and last week’s rise put

Tadawul All Share Index (TASI) signals a temporary top

Given the recent behavior of the Tadawul All Share Index (TASI) (Saudi Stock Exchange) a deeper retracement seems likely before the index is ready to resume its uptrend. The bigger picture includes some

US Dollar – The Big Picture

The U.S. dollar index (DXY) continues to strengthen following very positive long-term bullish price behavior. Although retracements will be seen in the short-term, upward pressure should remain for some time. 

Gold due for a bounce, but remains in long-term bearish trend

Spot gold (XAU/USD) remains in a long-term downtrend following a test of resistance at the long-term downtrend line over multiple weeks from July to September, and then again in November. A swing high of $1,375.15 was

A 25 Year Old - Financial Markets Professional, with over 8 years experience in the Markets. He holds Bachelors (Science) in Economics in 2012 and his thesis was the highest graded paper in the year "The Impact Of Terrorism On the Karachi Stock Exchange, an Empirical Analysis". Anish- Eat, Sleep...

Anish S. Lal, Bsc

A busy day for Sterling Traders

Asian shares were mixed on Wednesday, as weak Chinese export data offset a brightening energy sector outlook and an expected delay in interest rate hikes by the U.S. Federal Reserve. China trade balance for the month...

Anish S. Lal, Bsc

  • Jun 8, 2016
  • 51

A 25 Year Old - Financial Markets Professional, with over 8 years experience in the Markets. He holds Bachelors (Science) in Economics in 2012 and his thesis was the highest graded paper in the year "The Impact Of Terrorism On the Karachi Stock Exchange, an Empirical Analysis". Anish- Eat, Sleep...

Anish S. Lal, Bsc

What To Expect At $20 Oil?

As we saw Oil dip below $30 per barrel yesterday, we have seen somewhat of an overnight reprieve in the Oil trading sessions of Asia and Europe. However,  it is very hard to find reasons to be optimistic in...

Anish S. Lal, Bsc

  • Jan 14, 2016
  • 145

A 25 Year Old - Financial Markets Professional, with over 8 years experience in the Markets. He holds Bachelors (Science) in Economics in 2012 and his thesis was the highest graded paper in the year "The Impact Of Terrorism On the Karachi Stock Exchange, an Empirical Analysis". Anish- Eat, Sleep...

Anish S. Lal, Bsc

Oil Crisis? Should We Now Buy Gold?

With a 17% fall in Oil since the start of 2016 , the possibility of $20 oil becomes a real target for Investors, as we see major Hedge Funds exit the commodity. Gold since August has been swung around in a tug of...

Anish S. Lal, Bsc

  • Jan 13, 2016
  • 146

CHINESE YUAN continues to devalue against the U.S DOLLAR

2016 can be another year of weak performance for the emerging markets. USD/CNY chart will have significant impact on emerging market currencies and equities. In the second half of 2015, sharp devaluation of the Yuan...

Aksel Kibar, CMT

  • Jan 3, 2016
  • 67

Fund Manager and Technical Analyst

Musa Haddad, MSTA

History Suggests That EUR Tends To Lead the Way In Trend Reversal for Crude Oil

Euro Vs WTI Crude Oil showing tops & bottoms; History suggest that Euro tops & bottoms before Crude Oil EURUSD Weekly Chart - Long term uptrend intact    indicating a bottom at 1.0538...

Musa Haddad, MSTA

  • Dec 27, 2015
  • 253
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Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

All Eyes on French Election

USD The USD has given back its initial Trump inspired rally. Confidence in Trump’s capacity to deliver on his ambitious agenda has faded. Economic recovery outside of the US has gained momentum, attracting...

Shoaib Abedi

  • Apr 20, 2017
  • 43

MarketsToday.net® is an online financial portal covering eight Middle East stock markets plus Forex and Commodities, published in both Arabic and English. This portal is designed to help keep investors and traders up-to-date with the latest news, quotes, performance trends, and market...

MarketsToday.net

Study on Moving Averages

What is Moving Averages? In simple terms, Moving averages means lagging indicators. The moving averages calculation is based on number of data points hence, lesser the data points, the lesser the lag and...

MarketsToday.net

  • Apr 20, 2017
  • 13

MarketsToday.net® is an online financial portal covering eight Middle East stock markets plus Forex and Commodities, published in both Arabic and English. This portal is designed to help keep investors and traders up-to-date with the latest news, quotes, performance trends, and market...

MarketsToday.net

Introduction to Support and Resistance

Support and resistance are the most commonly used terms by traders while studying the price action through a chart. What derives the Support and Resistance is the Supply and Demand. When demand increases, prices...

MarketsToday.net

  • Apr 17, 2017
  • 15

Bruce Powers, CMT, is Chief Technical Analyst for MarketsToday.net, a financial portal for the Middle East stock markets, plus Forex, oil and metals, published in Arabic and English. He has over 20 years experience in the financial markets.

Bruce Powers, CMT

MarketsToday.net® is an online financial portal covering eight Middle East stock markets plus Forex and Commodities, published in both Arabic and English. This portal is designed to help keep investors and traders up-to-date with the latest news, quotes, performance trends, and market...

MarketsToday.net

Introduction to Technical Analysis

  What is Fundamental Analysis? Fundamental analysis is a method of estimating the intrinsic value of a company by examining monetary, economic, qualitative and quantitative factors. Intrinsic value...

MarketsToday.net

  • Apr 12, 2017
  • 27

Markets Await Yellen’s Speech

USD The Greenback rose at last week’s trading session, ignoring disappointing data from the U.S. and the geopolitical tension in the Middle East. The U.S. dollar rose last week, however, Job growth has...

Bijoy

  • Apr 10, 2017
  • 13

MarketsToday.net® is an online financial portal covering eight Middle East stock markets plus Forex and Commodities, published in both Arabic and English. This portal is designed to help keep investors and traders up-to-date with the latest news, quotes, performance trends, and market...

MarketsToday.net

TASI testing the down trend line from mid-2014

The Tadawul All-Share Index ( TASI ) lost almost 37% from mid-2014. Now the index is again testing the trend line and if it gets successful, then it will get stronger while going forward.

MarketsToday.net

  • Apr 5, 2017
  • 23

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

All Eyes Turn To FOMC Minutes

USD The U.S. dollar settled yesterday vs. a basket of major currencies as markets are awaiting the FOMC minutes and the ADP employment change.  Traders expect that the FOMC minutes for the meeting, to be...

Shoaib Abedi

  • Apr 5, 2017
  • 4

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Markets Await Important Releases

USD Markets are awaiting FOMC minutes, scheduled to be released this Wednesday, that will enable getting more information on the timing of the adjustment of interest rates. In addition, investors are also...

Shoaib Abedi

  • Apr 3, 2017
  • 5

Bruce Powers, CMT, is Chief Technical Analyst for MarketsToday.net, a financial portal for the Middle East stock markets, plus Forex, oil and metals, published in Arabic and English. He has over 20 years experience in the financial markets.

Bruce Powers, CMT

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

The Greenback Stands Tall

USD On Wednesday, the U.S. Dollar recovered vs. a basket of major currencies, boosted by a strong U.S. data. The U.S. pending home sales rose to 10-month high, such data could help the Fed. to increase its rates...

Shoaib Abedi

  • Mar 30, 2017
  • 2

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Dollar Declines to Lowest Level since November

USD The Greenback slipped yesterday to its lowest level vs. a basket of major currencies since US President Donald Trump won the election, among several concerns on Trump's ability to rely on a splintered...

Shoaib Abedi

  • Mar 28, 2017
  • 4

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

The U.S. Dollar Pares Losses vs. JPY

USD On Friday, the U.S. dollar steadied vs. a basket of major currencies as markets are on a wait whether the U.S. President Donald Trump will be able to pass fiscal stimulus and move straight onto tax reforms....

Shoaib Abedi

  • Mar 27, 2017
  • 3

Bruce Powers, CMT, is Chief Technical Analyst for MarketsToday.net, a financial portal for the Middle East stock markets, plus Forex, oil and metals, published in Arabic and English. He has over 20 years experience in the financial markets.

Bruce Powers, CMT

Bruce Powers, CMT

  • Mar 26, 2017
  • 30

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Dollar Declines amid U.S. Economic Uncertainty

USD On Wednesday, the Greenback fell to a four-day in a row against a basket of major currencies and struggled near a four-month low vs. the yen, as investors worried that Trump's plan to cut taxes and boost the...

Shoaib Abedi

  • Mar 23, 2017
  • 4

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Greenback Trades under Pressure

USD The U.S. dollar fell yesterday vs. a basket of major currencies on worries over Donald Trump's economic policies as the tax plan could lead to a collapse of the Greenback. In addition, the U.S. dollar was...

Shoaib Abedi

  • Mar 22, 2017
  • 2

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Oil Declines and All Eyes Shift to FOMC

USD Today, Markets are focusing on the Fed's meeting as strong U.S. jobs data cemented expectations of a rise in U.S. interest rates by 0.25%. After strong U.S. data and positive statements from Fed. officials,...

Shoaib Abedi

  • Mar 15, 2017
  • 6

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Greenback Declines and Markets Await FOMC Meeting

USD Investors are awaiting the results of the U.S. Federal Reserve's meeting that starts later on Tuesday, as the Fed is highly expected to raise interest rates by 0.25%. The Federal Reserve believes that the...

Shoaib Abedi

  • Mar 14, 2017
  • 2

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

All Eyes Turn to FOMC Decision

USD The U.S. economy created 235k new jobs in February; such data could encourage the Federal Open Market Committee (FOMC) to hike the benchmark interest rate on its March 14-15 meeting and approve a...

Shoaib Abedi

  • Mar 13, 2017
  • 3

Bruce Powers, CMT, is Chief Technical Analyst for MarketsToday.net, a financial portal for the Middle East stock markets, plus Forex, oil and metals, published in Arabic and English. He has over 20 years experience in the financial markets.

Bruce Powers, CMT

Technical Update for Oil: Brent and WTI

Highlights: Brent Crude  •Brent has been progressing upwards in an ascending trend channel for a number of months •Last week it broke down sharply from a tight symmetrical triangle or pennant...

Bruce Powers, CMT

  • Mar 12, 2017
  • 30

Bruce Powers, CMT, is Chief Technical Analyst for MarketsToday.net, a financial portal for the Middle East stock markets, plus Forex, oil and metals, published in Arabic and English. He has over 20 years experience in the financial markets.

Bruce Powers, CMT

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

USD Back to Gains

On Wednesday, The Greenback rose yesterday vs. a basket of major currencies boosted by a surge in the U.S. private-sector jobs in February, supporting expectations that the Federal Reserve will hike rates at its...

Shoaib Abedi

  • Mar 9, 2017
  • 8

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Greenback Settles and Awaits Non-farm Payrolls

USD The Greenback settled during yesterday’s trading session vs. a basket of major currencies due to a lack of the U.S. economic data and as traders are anticipating the Fed. to raise interest rates this...

Shoaib Abedi

  • Mar 8, 2017
  • 6

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

U.S. Dollar Up on Political Uncertainty

USD The Greenback rose yesterday vs. a basket of major currencies despite profit taking. The U.S. dollar index rose to 101.65, thanks to a weak EUR as Marine Le Pen was given a big support ahead of the...

Shoaib Abedi

  • Mar 7, 2017
  • 5

Shoaib Abedi is the Director and co-founder of ICM Capital; a UK based company licensed and regulated by the Financial Conduct Authority (FCA) in London with offices around the world. He is respected in the online trading industry and often quoted in well-known media outlets where he gives...

Shoaib Abedi

Gold Pares Losses

USD The Greenback fell last week vs. a basket of major currencies, negatively affected by Yellen’s speech, as she did not talk about interest rates hike. The U.S. dollar index fell as much 1% and settled...

Shoaib Abedi

  • Mar 6, 2017
  • 7

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