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

Dubai General Index Weekly Chart - Early Warning Signal for a Major Intermediate Trend Change

The 3200 has proved to be a very strong support level, that could hold for several months and maybe longer. Dubai General Index been trading in what technician call it a horizontal consolidation in the form of a

Tadawul All Share Index (TASI) finishes sixth consecutive week of gains

The Tadawul All Share Index (TASI) (Saudi Stock Exchange) finishes its sixth consecutive week of gains, up 4.7% to close at 7,117.61. Since hitting a low of 5,327.49 nine weeks ago the TASI has risen as much as 33.6% as

Tadawul All Share Index (TASI) may soon run out of steam

There is now a reasonable argument that the Tadawul All Share Index (TASI) (Saudi Stock Exchange) is extended with the probability of a retracement of some note the highest it’s been since hitting the bottom at

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
  • 48

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
  • 139

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
  • 136

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
  • 65

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
  • 212
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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

Gold Declines

On Wednesday, the greenback was little changed vs. a basket of major currencies as optimistic data on U.S. services sector offset a weaker than expected report on private job growth. On the other hand, the single...

Shoaib Abedi

  • Oct 6, 2016
  • 16

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 Pound hits a Three-Decade Low

On Tuesday, Gold fell as much as 2% to its lowest level since the UK’s shock vote, as a bounce in USD after optimistic U.S. data triggered the yellow metal to the psychological level of $1,300.  Also on...

Shoaib Abedi

  • Oct 5, 2016
  • 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

Eurozone Inflation Picks up in September

U.S. consumer spending declined unexpectedly in August for the first time in seven months, official data showed on Friday.  On the other hand, inflation showed signs of accelerating, showing mixed signals that...

Shoaib Abedi

  • Oct 3, 2016
  • 29

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

  • Oct 3, 2016
  • 45

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 Bides Time

Oil prices rose yesterday amid expectations that Members of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to limit crude output. On the other hand, Oil prices fluctuated earlier in the day...

Shoaib Abedi

  • Sep 29, 2016
  • 16

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

Saudi and Iran Dash Market Hopes

On Tuesday, Saudi Arabia and Iran played down hopes for a deal to reduce or freeze their oil production at the closely watched informal OPEC meeting. Iran refused an offer from Saudi Arabia to decrease its oil output...

Shoaib Abedi

  • Sep 28, 2016
  • 51

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

New Home Sales Declines

Sales of newly built homes fell less than expected in August after soaring to nine-year highs last July, but the trend is still positive. New home sales declined 7.6% to a seasonally adjusted annual rate of 609k...

Shoaib Abedi

  • Sep 27, 2016
  • 9

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: Bull Flag setting up in Gold

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...

Bruce Powers, CMT

  • Sep 26, 2016
  • 63

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. Federal Reserve Keeps Interest Rates Unchanged

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...

Shoaib Abedi

  • Sep 22, 2016
  • 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

All Eyes Shift to Federal Decision

The two-day Fed Reserve meeting ends today amid expectations that the Fed could leave its main benchmark interest rate unchanged, but could signal an increased likelihood of a hike by the end of the year. USD...

Shoaib Abedi

  • Sep 21, 2016
  • 20

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 Jumps on Strong CPI

Dollar rose against a basket of major currencies at the end of last week’s trading session as U.S. inflation data could allow the Federal Reserve to raise interest rates next December. The consumer Price Index...

Shoaib Abedi

  • Sep 19, 2016
  • 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

Financial Markets Are Under Pressure

On Wednesday, USD fell vs. JPY and declined to its lowest level in eight days, after suspicion grew that the BOJ would support its simulative monetary policies next week, while the market is awaiting clues on the...

Shoaib Abedi

  • Sep 15, 2016
  • 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

U.S. Dollar Hits One-Week High

On Tuesday, the Greenback hit a one-week high vs. a basket of six major currencies, as focus shifted to the possibility of a December Federal Reserve rate rise. The U.S. dollar index settled above 95.55 pips at the...

Shoaib Abedi

  • Sep 14, 2016
  • 48

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 Pound Traded High

Starting today’s report with an important quote, “The U.S. Federal Reserve must be careful not to remove its monetary stimulus too quickly because of potential weakness in the labor market and risks of...

Shoaib Abedi

  • Sep 13, 2016
  • 17

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 ECB

Gold prices declined yesterday, negatively affected by profit taking. On the other hand, the U.S. service-sector activity fell in August to its lowest level in more than six and a half years. Such data could have an...

Shoaib Abedi

  • Sep 8, 2016
  • 22

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 attentions turn to BoE’s Carney Speech

U.S. dollar declined vs. a basket of currencies, as the ISM Non-Manufacturing PMI index fell 4.1 to 51.4 in August vs. 55.5 in July, well below market expectations of 55. The U.S. dollar index fell as much as 1%...

Shoaib Abedi

  • Sep 7, 2016
  • 26

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, 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

Tadawul All Share Index (TASI): Set-up for a bounce into upper channel

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...

Bruce Powers, CMT

  • Aug 7, 2016
  • 228

STRONG PRICE ACTION FOR GLOBAL EQUITIES

Global equities get a boost from both S&P 500 and Dow Jones Industrial averages breaking out to all-time high levels. In mid-July, S&P 500 index cleared the strong resistance at 2,125 and recorded an all-time...

Aksel Kibar, CMT

  • Aug 6, 2016
  • 19

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

Fund Manager and Technical Analyst

Musa Haddad, MSTA

Dubai General Index Weekly Chart - Early Warning Signal for a Major Intermediate Trend Change

Dubai General Index Weekly Chart - Early Warning Signal for a Major Intermediate Trend Change

Musa Haddad, MSTA

  • Jul 25, 2016
  • 152

Fund Manager and Technical Analyst

Musa Haddad, MSTA

Technical Chart on Crude

Technical Chart on Crude

Musa Haddad, MSTA

  • Jul 17, 2016
  • 43

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, 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, 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

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