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
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.
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
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
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
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
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...
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...
Uncertainty prevails as UAE markets remain in consolidation
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...
Dubai gives up gains, while Abu Dhabi stays stuck
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...
Dubai pulls back, Abu Dhabi likely not far behind
Dubai General Index Weekly Chart - Early Warning Signal for a Major Intermediate Trend Change
Dubai breaks out, while Abu Dhabi stalls
Once again, UAE markets pushing up against recent highs
UAE markets hold up following initial weakness