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
  • 144

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
  • 228
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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

U.S. Dollar Falls Slightly

On Friday, the U.S. dollar declined against a basket of major currencies as traders took advantage of a pullback in U.S. bond yields and a week shortened by a holiday boosted gains that have pushed the Greenback to a...

Shoaib Abedi

  • Nov 28, 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 Prices Decline as Dollar Strengthens

Federal Reserve officials expressed a view that it could become appropriate to hike the target range for the Federal funds rate "relatively soon," according to minutes of their November gathering released yesterday....

Shoaib Abedi

  • Nov 24, 2016
  • 12

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 Settles High

On Monday, the single currency recovered from 11-month lows, positively affected by many political factors. In France, ex-President Nicolas Sarkozy was ousted from the election race in a party primary over the...

Shoaib Abedi

  • Nov 22, 2016
  • 15

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 Extends Its Gains

On Friday, the U.S. dollar jumped to its highest level since April 2003 vs. a basket of major currencies, touching its biggest two week increase since March 2015 as investors piled bets on a massive dose of fiscal...

Shoaib Abedi

  • Nov 21, 2016
  • 25

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

U.S. Dollar Index Hits 100 Pips

On Monday, the Greenback jumped to an 11-month high vs. a basket of major currencies, in step with a rise in U.S. bond yields as investors bet fiscal and trade policies under a Donald Trump administration would...

Shoaib Abedi

  • Nov 15, 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

Gold declines to 3-years Low

On Friday, the greenback rose to a nine-month high against a basket of major currencies, as a risk-on mood in global markets triggered by Donald Trump's election to president remained intact. The USD has jumped as...

Shoaib Abedi

  • Nov 14, 2016
  • 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

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...

Bruce Powers, CMT

  • Nov 13, 2016
  • 107

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

Donald Trump's Victory Shocks the Global Markets

On Wednesday, the U.S. dollar rebounded after sharp initial declines as Donald Trump scored a shock presidential election victory. The greenback has recovered after Trump made a plethora of promises on the U.S....

Shoaib Abedi

  • Nov 10, 2016
  • 12

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

Global Markets Rocked By Donald Trump's Victory

The US dollar tumbled against a basket of currencies as Hillary Clinton conceded the presidential election to Donald Trump early Wednesday morning. The greenback could decline further during the next few days. ...

Shoaib Abedi

  • Nov 9, 2016
  • 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

The Greenback Bet on Hillary Clinton

On Monday, the U.S. dollar rose as much as 1% after the FBI said that U.S. democratic presidential candidate Hillary Clinton would not face criminal charges over her emails. The U.S. dollar index rose 1% and settled...

Shoaib Abedi

  • Nov 8, 2016
  • 15

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 Keeps Rates Steady

On Wednesday, the U.S. Federal Reserve has kept interest rates on hold but left the door open for a hike in December. On the other hand, the Federal Reserve's Open Market Committee noted that the inflation is still...

Shoaib Abedi

  • Nov 3, 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

The U.S. Dollar Recovers

On Monday, the U.S. dollar recovered and erased most of its losses. The greenback declined after the FBI announced it is investigating new emails sent by Hillary Clinton on a private server while she was the...

Shoaib Abedi

  • Nov 1, 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 Await a Busy Week

Despite the recovery of the U.S. economic growth during Q3, the U.S. dollar failed to maintain its earlier gains vs. a basket of currencies. The FBI could reopen its investigation into Hillary Clinton's private email...

Shoaib Abedi

  • Oct 31, 2016
  • 27

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

All Eyes Turn to the UK’s Economy

On Wednesday, Gold prices retreated from its highest levels in three weeks, giving back most of what they gained a day earlier. The precious failed to settle above the 200-day moving average of $1,270. ...

Shoaib Abedi

  • Oct 27, 2016
  • 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

The U.S. Dollar Pares Its Gains

On Tuesday, the U.S. dollar pared its gains as the U.S. consumer confidence unexpectedly declined to 98.6 in September. The U.S. dollar index fell to 98.60.  Gold hit the 200-day moving average and settled...

Shoaib Abedi

  • Oct 26, 2016
  • 15

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 Hits a Nine-Month High

On Monday, the Greenback rose to a 9-month high vs. a basket of major currencies as Trump’s probability of winning fell on growing expectations of a Federal Reserve interest rate hike by the end of the year....

Shoaib Abedi

  • Oct 25, 2016
  • 7

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): Long-term support reached and bullish double bottom setting up

The recent decline in the Tadawul All Share Index (TASI) (Saudi Stock Exchange) is showing signs that a bottom has been reached. You can see in the monthly chart below that the most recent low of 5,327.49 hit...

Bruce Powers, CMT

  • Oct 23, 2016
  • 151

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

Euro Hits a 3-Month Low

On Thursday, the European Central Bank kept interest rates on hold, as widely expected, and maintained the key parameters of its 1.74 trillion euro assets-buying scheme as it tries to lift inflation and growth....

Shoaib Abedi

  • Oct 22, 2016
  • 14

Fund Manager and Technical Analyst

Musa Haddad, MSTA

Dubai General Index Weekly Update (13-Oct-2016)

Trading breakout is often used by highly active traders/investors, but many are missed and feel like you’ve missed the boat. Historically trading the breakout tend to result in losing trades and a much better...

Musa Haddad, MSTA

  • Oct 13, 2016
  • 37

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 Stands Tall

The Greenback surged yesterday vs. a basket of currencies after the Federal Reserve's September meeting minutes confirmed previous expectations for a potential December rate rise. On the other hand, officials in...

Shoaib Abedi

  • Oct 13, 2016
  • 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

The Greenback Hits an 11-Week High

On Tuesday, U.S. dollar surged to an 11-week high vs. a basket of major currencies  as traders increased bets that the Federal Reserve would raise interest rates by the end of the year. The U.S. dollar index...

Shoaib Abedi

  • Oct 12, 2016
  • 15

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 Jumps and Gold Rebounds

On Monday, the yellow metal bounced back from its weakest week since November as U.S. employment growth slowed more than expected in September decreasing speculation of a near-term interest rate rise, and as Chinese...

Shoaib Abedi

  • Oct 11, 2016
  • 9

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