By: Bruce Powers, CMT Gold’s (XAU/USD) behavior over the past seven months continues to point to an eventual rise to higher prices. The precious metal broke out of a large bullish descending wedge
The TASI reached a high of 6,875.7 for 2016 in late-April and has since been retracing the 28.6% advance off the five-year low of 5,348.61 reached in January. As of last week’s low of 6,226.4 the TASI has
Dubai General Index Weekly Chart - Early Warning Signal for a Major Intermediate Trend Change
Technical Chart on Crude
Gold has rallied almost 17% this year and most analysts are looking at the Metals markets heading higher, spear headed by the Yellow Metal. So what has been the key driver of Gold this year? Well, Monetary Policy in
Over the past week, FED's dovish comments resulted in U.S. dollar weakness. However U.S. dollar index started weakening in the beginning of December 2015 irrespective of FED action. Wide price fluctuation between 92 and
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...
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...
Uncertainty prevails as UAE markets remain in consolidation
On Wednesday, the U.S. Federal Reserve kept interest rates unchanged, but strongly hinted at the possibility of a rate increase later this year as the labor market improves further. U.S. growth was looking stronger...
Dubai gives up gains, while Abu Dhabi stays stuck
Dubai pulls back, Abu Dhabi likely not far behind
Dubai breaks out, while Abu Dhabi stalls
Once again, UAE markets pushing up against recent highs
UAE markets hold up following initial weakness