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
  • 286
VIEW ANALYSIS > ALL / GCC / GLOBAL

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 Settles

USD On Friday, the U.S, dollar settled vs. a basket of major currencies, after paring its gains due to a weak U.S. data, as the U.S. GDP growth rate in Q4 rose 1.9% vs. a 2.2% estimate. The U.S. dollar index...

Shoaib Abedi

  • Jan 30, 2017
  • 11

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 below $1,200

GOLD Gold prices fell as much as 1% and settled below $1,200, negatively affected by receding fears of 'Hard Brexit. Technically, the yellow metal could re-test levels of $1,200 during the day.  GBP...

Shoaib Abedi

  • Jan 26, 2017
  • 13

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

UK’s Supreme Court Rules against British Government

On Tuesday, the Supreme Court ruled against the government with a majority and decided that the UK government must win a vote in parliament before starting the “Brexit” process. It is likely that not one...

Shoaib Abedi

  • Jan 25, 2017
  • 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

Gold Touches New Highs

On Monday, the U.S. dollar extended its losses against a basket of major currencies, negatively affected by Trump's controversial statements. The U.S. dollar index fell to 100.30 and touched a six-week low. ...

Shoaib Abedi

  • Jan 24, 2017
  • 21

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

Sterling Pound Falls Dramatically

On Monday, the Sterling pound fell dramatically and hit its lowest levels since last October’s flash crash, over concerns that the UK Prime Minister Theresa May could signal plans to leave the EU’s single...

Shoaib Abedi

  • Jan 17, 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

USD Has its Worst Week in a Two-Months

On Friday, the Greenback edged lower and experienced its worst week in two-months, despite strong data surrounding U.S. retail sales, which grew faster than estimate.   USD declined as traders grew uneasy...

Shoaib Abedi

  • Jan 16, 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

The Precious Metal Rise

The greenback fell yesterday, negatively affected by Trump’s first formal press conference since winning the presidency in November. Trump said, he would resign from all positions linked to the Trump...

Shoaib Abedi

  • Jan 12, 2017
  • 13

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 Donald Trump's News Conference

On Tuesday, Oil prices continued their decline, as USD settled and as investors diminished their hopes that OPEC is unlikely to enforce its deal cut.  Oil prices were negatively affected by the U.S....

Shoaib Abedi

  • Jan 11, 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

Oil Prices Fall Sharply

British pound declined to its lowest level in more than a two-month’s after Prime Minister Theresa May suggested the government is willing to cut all ties with the European Union. May’s remarks raise...

Shoaib Abedi

  • Jan 10, 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

Markets await FOMC Meeting

The U.S. dollar rose to a new 14-year high in 2017's first full day, after data showed that U.S. factory activity accelerated to a two-year high in December and construction spending rose last November as well. In...

Shoaib Abedi

  • Jan 4, 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

USD Rises after Christmas Holiday

The U.S. dollar index, which measures the Greenback’s strength against a basket of major currencies, rose yesterday. The Greenback fell slightly ahead of the Christmas holiday due to tight liquidity and a wave...

Shoaib Abedi

  • Dec 28, 2016
  • 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

Markets Flat Around the Christmas Holiday

The U.S. dollar settled at the end of last week’s trading session and traded below a 14-year low, as investors ignored mostly upbeat U.S. economic data ahead of Christmas. Technically, the Greenback could rise...

Shoaib Abedi

  • Dec 27, 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

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...

Bruce Powers, CMT

  • Dec 26, 2016
  • 271

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 now in its second leg up off the bottom targets higher prices

Last January Brent Crude completed an 81.4% correction off the record high of $146.08 reached in 2008 when it found a low at $27.13. Since then Brent has advanced as much as 111.9% as of the $57.50 high hit last...

Bruce Powers, CMT

  • Dec 22, 2016
  • 62

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 growing tired for Tadawul All Share Index (TASI)

The Tadawul All Share Index (TASI) (Saudi Stock Exchange) hit a high of 7,234.51 two weeks ago thereby completing a 35.8% advance off the most recent swing low of 5,327.49 reached 10 weeks prior. That high follows a...

Bruce Powers, CMT

  • Dec 22, 2016
  • 91

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

Market Awaits Important Releases

Gold prices settled yesterday as U.S. home re-sales unexpectedly rose in November, reaching their highest level in a decade, as investors rushed into the market to lock in low interest rates in anticipation of...

Shoaib Abedi

  • Dec 22, 2016
  • 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 Declines

On Wednesday, Gold fell as much as 1% and touched the support of $1,130. The yellow metal could trade in a limited range due to low liquidity caused by Christmas and New Year holidays. Technically, the precious metal...

Shoaib Abedi

  • Dec 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

Greenback Stands Tall

The U.S. dollar jumped to a near 14-year peak backed by expectations of fiscal stimulus from U.S. President-elect Donald Trump and a faster pace of interest rate hikes. The U.S. dollar index, which measures the...

Shoaib Abedi

  • Dec 20, 2016
  • 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

Gold Recovers as Greenback Slips

On Friday, the Greenback declined slightly vs. a basket of major currencies after the USD touched a 14-year high in response to the Federal Reserve’s monetary policy decision. The U.S. dollar traded at...

Shoaib Abedi

  • Dec 19, 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

The U.S. Federal Reserve Raises Rates for Second Time in a Decade

On Wednesday, the Federal Reserve raised U.S. interest rates by a quarter-percentage point for the first time in 2016. In addition, it forecasts a steeper path for borrowing costs in 2017, when Donald Trump plans a...

Shoaib Abedi

  • Dec 15, 2016
  • 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

The U.S. Dollar Awaits FOMC’s Decisions

The U.S. dollar held steady vs. a basket of major currencies amid strong expectations that the U.S. Federal Reserve could raise interest rates. Some analysts are anticipating that, Trump will take steps to support...

Shoaib Abedi

  • Dec 14, 2016
  • 18

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 Declines Ahead of US FOMC Meeting

On Monday, the U.S. dollar declined against most major currencies as markets are awaiting the outcome of the Federal Reserve's policy meeting starting later in the day. The U.S. dollar index, which measures the...

Shoaib Abedi

  • Dec 13, 2016
  • 18

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 FOMC Meeting

The Federal Reserve Open Market Committee (FOMC) is widely expected to announce an interest rate hike for the first time in 2016 by 25 basis points after a two-day meeting that begins this Tuesday. The U.S. dollar...

Shoaib Abedi

  • Dec 12, 2016
  • 17

Fund Manager and Technical Analyst

Musa Haddad, MSTA

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...

Musa Haddad, MSTA

  • Dec 12, 2016
  • 85

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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