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. 

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
  • 52

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
  • 255
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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
  • 87

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
  • 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

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
  • 19

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
  • 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

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
  • 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 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
  • 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

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
  • 83

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

Markets Await ECB’s Meeting

On Wednesday, European shares rose as a regional banking index hit an 11-month high after Credit Suisse bank announced further cost cutting and Italian banks surged towards their best two-day run since 2012....

Shoaib Abedi

  • Dec 8, 2016
  • 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 Trades under Pressure

Gold fell to its lowest price in 10 months amid anticipation that the Fed is widely expected to hike U.S. interest rates at its December meeting.  The yellow metal traded below $1,170 and touched $1,167 at...

Shoaib Abedi

  • Dec 7, 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

U.S. Dollar Stands Tall

On Monday, Eurozone finance ministers agreed to give Greece short-term debt relief measures. Such an agreement could reduce the country's debt to gross domestic product ratio by around 20% points by 2060. European...

Shoaib Abedi

  • Dec 6, 2016
  • 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 to its Lowest Level Since March 2015

On Friday, the U.S. unemployment rate declined to a nine-year low of 4.6% in November, as employers added another 178k jobs, increasing expectations that the Federal Reserve will hike interest rates later this month....

Shoaib Abedi

  • Dec 5, 2016
  • 5

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) 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%...

Bruce Powers, CMT

  • Dec 4, 2016
  • 115

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 OPEC’s Meeting

On Tuesday, Oil prices fell as much as 3% on signs leading oil exporters in the Organization of the Petroleum Exporting Countries were struggling to agree on a deal to curb output. Today, OPEC will meet in Vienna...

Shoaib Abedi

  • Nov 30, 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

Markets Await Key Data

On Monday, the Greenback extended its losses, moving away from its highest levels since 2003 as U.S. Treasury yields eased from recent highs. The U.S. dollar had jumped more than 4% vs. a basket of major currencies...

Shoaib Abedi

  • Nov 29, 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

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
  • 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

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

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