GBP/CHF analysis: Short-term weakness should be followed by resumption of bull trend

The larger pattern in the GBPCHF remains bullish given the following: •Decisive breakout of Head and Shoulders Bottom and also breakout above the 200-day exponential moving average (ema) occurred four weeks ago.

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. 

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
  • 54

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
  • 287
VIEW ANALYSIS > ALL / GCC / GLOBAL

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
  • 3

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
  • 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

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
  • 4

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
  • 31

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
  • 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

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
  • 7

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
  • 3

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
  • 4

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
  • 9

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
  • 7

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
  • 8

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

Brent Crude technical update: Low volatility leads to high volatility

Since our last update on oil two months ago (Dec. 22, 2016) Brent Crude has not gone far, rising approximately 2.4% from 54.82 to 56.16 today. During this time it has traded within a relatively tight range (low...

Bruce Powers, CMT

  • Feb 20, 2017
  • 20

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

Uptrend in Silver (XAG/USD) continues to strengthen

Spot silver (XAG/USD) closed strong last week (17.93), near the high of the week (18.00), as it continues to push up against the top trend line of a relatively well constructed ascending channel. It has been in a...

Bruce Powers, CMT

  • Feb 11, 2017
  • 20

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

Bullish case for GBP/JPY

Looking back we see that the GBPJPY moved into a 16-month downtrend following the 195.87 peak reached in June 2015. Support was eventually found at 124.59 four months ago. It was promptly followed by a sharp...

Bruce Powers, CMT

  • Feb 9, 2017
  • 14

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 Stands Tall

Euro Euro traded under pressure yesterday, as Marine Le Pen, the head of the French far-right Front National party, said she would urge European leaders to ditch the euro and return to national currencies if she...

Shoaib Abedi

  • Feb 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

Euro Falls Sharply

Euro On Tuesday, Euro pared its losses vs. USD, but was still affected by the uncertainty over Europe's political outlook as Anti-EU leader Marine Le Pen launched her campaign for the French presidential...

Shoaib Abedi

  • Feb 8, 2017
  • 7

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 Trades at Three-Month High

USD The Greenback settled yesterday, but was still affected by the weak data that enforced it to trade below its lowest level in four weeks. The U.S. dollar index settled at 99.85, negatively affected by lack of...

Shoaib Abedi

  • Feb 7, 2017
  • 10

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 Falls For Fourth Straight Week

The U.S. dollar declined to its lowest level in four weeks against a basket of major currencies, negatively impacted by soft Nonfarm Payrolls. The Greenback fell as much as 2.3%, its worst January in three decades,...

Shoaib Abedi

  • Feb 6, 2017
  • 10

Fund Manager and Technical Analyst

Musa Haddad, MSTA

Emerging Markets A Bullish Setup in Process in the weeks Ahead versus S&P 500

The chart below is a EEM –to-SPX Ratio is showing strong signals that EEM is about to outperform S&P 500. Last time we have seen this was during 1998-2001. This is also supported by Gold-to-Silver Ratio...

Musa Haddad, MSTA

  • Feb 5, 2017
  • 38

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

British MPs Vote to Give May Power to Trigger Article 50

USD On Wednesday, the Federal Reserve decided not to increase the interest rates at the conclusion of a two-day meeting; however, it did give a sign to growing optimism among the business consumers and community...

Shoaib Abedi

  • Feb 2, 2017
  • 4

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