Middle East Business by Al Arabiya Digital
Indepth Business coverage of Middle East Commodities, Middle East Forex, Islamic Finance and Middle East Market Data coverage in Arabic and English


MIDDLE EAST BUSINESS NEWS



Hajj - Big Business

 

  • Saudi Arabia awards power plant contract to French Alstom

    Riyadh: Saudi Arabia has awarded a contract of generators supply to French power giant Alstom for one of its power plants. French Alstom has confirmed the award through official announcement as it has won the contract worth of €170m ($227m).

  • UAE to make history by investing $5bn in Russia

    Abu Dhabi: The United Arab Emirates and Russia have agreed upon the highest investment deal between the two countries as the UAE will invest up to $5 billion in Russian infrastructure projects.

  • Hilton Hotels & Resorts to open second hotel in the state

    Abu Dhabi: Hilton Capital Grand Abu Dhabi is going to be inaugurated after an intensive refurbishment and rebranding program. It was announced by the most recognized hospitality brand in the Middle East, Hilton Hotels & Resorts.


CAPITAL MARKET BROKERS AND PLATFORM REVIEWS

  • Forex.com - Forex Trader Pro

    Rating: Regional Office: None
    Market Covered:  Forex

    Very smart product from Forex.com with confidence of dealing with a fully regulated group with the parent company quoted on the NYSE. Forex Trader offers a full suite of different kinds of orders, outstanding research resources, very comprehensive account reports, inbuilt pattern recognizer software, autochartist and a ...

  • ACM - Swissquote Bank Review

    Rating: Regional Office: Dubai
    Market Covered:  Forex, Commodities

    Simple trading platform, lacks many features currently becoming standard such as Level 2 pricing. The spreads are not very competative. On the plus side part of a Swiss Bank means a well regulated entity, but in short nothing to get too much exciting about.

  • Delta Trading Desktop with Level 2 STP Module

    Rating: Regional Office: None
    Market Covered:  Forex, Stocks, Commodities, Futures

    Deltastock Trading Desktop Platform, with STP Level 2 module is a intelligent product showing Level 2 liquidity from a number of providers. Traders can begin trading with a small deposit and 1:200 leverage is offered. Deltastock AD, a Bulgarian company which is registered, regulated and in operation since 1998. Deltast ...

  • FXCM Trading Station II Review

    Rating: Regional Office: Lebanon and UAE
    Market Covered:  Forex, Stocks, Commodities

    FXCM Trading Station II is a reliable and mature platform offering currency, commodities and stock indices as trading instruments in an easy to use interface. The charting feature is excellent as is the research at DailyFX.com. The relatively low initial deposit of $2000 brings the platform within the reach of most tra ...

  • Alpari Direct With Currenex Review

    Rating: Regional Office: UAE
    Market Covered:  Forex

    Alpari Direct With Currenex: Scalpers will appreciate the one-click order execution feature. No dealing desk execution, comprehensive charting and great research support are the plus points of the platform. The promise of deep liquidity from Alpari’s access to top-tier financial entities offered on the back of the hi ...

  • FXCM Active Trader Review

    Rating: Regional Office: Lebanon and UAE
    Market Covered:  Forex

    FXCM Active Trader Review: On the whole a very good offering from FXCM. Though the trading interface appears to be simply functional, there are many powerful plus points of the platform such as configurable 10-level market depth with VWAP feature, premium complimentary access to a state-of-the-art charting package, pri ...


MIDDLE EAST FOREX

EURUSD

1 Hour Chart - EURUSD
Technical Indicators (15 miniute chart)
EMA51.2992SMA1001.2987
EMA101.2994SMA2001.2992
EMA201.2996
EMA501.2995
RSI(14)44.7038STOCH(13,3,3)0.0000
MACD(25,9)-51.5510CCI(14)0.0002
ADX(14)22.9904Momentum0.0000
ROC0.0000Williams %R-76.9234
Resistance 11.3062Support 11.2968
Resistance 21.3095Support 21.2936
Resistance 31.3127Support 31.2903

GBPUSD

1 Hour Chart - GBPUSD
Technical Indicators (15 miniute chart)
EMA51.6252SMA1001.6243
EMA101.6252SMA2001.6224
EMA201.6255
EMA501.6256
RSI(14)45.4660STOCH(13,3,3)0.0000
MACD(25,9)11.2399CCI(14)0.0004
ADX(14)19.9369Momentum0.0000
ROC0.0000Williams %R-26.0858
Resistance 11.6320Support 11.6222
Resistance 21.6361Support 21.6181
Resistance 31.6402Support 31.6140
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MIDDLE EAST COMMODITIES

  • Crude Falls On Weak Economic Data, ECB In Focus

    After the U.S. posted weaker-than-expected economic data, overshadowing the Federal Reserve`s plan to maintain its stimulus program, worries over the outlook for oil demand from the world's biggest consumer spread across markets.Data on Wednesday showed an unexpected slowdown in China's manufacturing sector in April, triggering doubts about the strength of the economy, while the U.S. manufacturing growth slowed, underlying worries that growth is cooling.The data darkened the outlook for global ...

  • Gold Steadies Ahead Of ECB Monetary Decision, Fed Stands Pat

    Gold prices remained near its weakest levels in almost a week on Thursday trading session, after bouncing in the previous session as the post-meeting statement from U.S. Federal Reserve showed FOMC made no changes to the bank's policy. Traders are also cautious ahead of European Central Bank (ECB) meeting later today.The Federal Open Market Committee (FOMC) opted on Wednesday to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, and also maintained its monthly $8 ...

  • Gold: Yellow Metal Continues To Trade Lower In The Asian Session

    Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1459.15 per ounce, as lackluster US factory and jobs data sparked selloff. Precious metal traders shrugged off the US Federal Reserve's decision to maintain its loose monetary policy.In the Asian session, at GMT0300, Gold is trading at 1454.74, 0.30% lower from yesterday's close.Gold is expected to find support at 1438.22, and a fall through could take it to the next support level of 1421.69. Gold is expe ...

  • Gold and Silver Bullion "Trading Sideways", Fed "Expected to Leave QE Unchanged"

    Gold bullion drifted lower Wednesday morning in London, dipping below $1470 per ounce, though it remained slightly up on where it started the week after two-and-a-half days trading in a tight range, with China's markets closed since last Friday until tomorrow for the Labor Day holiday. Silver meantime fell towards $24 an ounce to almost exactly where it started the week, while other commodities also fell and US Treasuries were flat ahead of today's Federal Reserve policy announcement."Silver has ...


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