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

  • Gold: Yellow Metal Trading On A Slight Lower Footing In Asian Session

    Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1293.20 per ounce, and dropped below the $1,300 threshold amid a stronger US Dollar following upbeat economic data from the US. Data from the US indicated that people applying for unemployment benefits declined to the lowest level since February 2006, last week. Meanwhile, a leading broker projected gold prices to fall to $1,050 by the end of 2014.In the Asian session, at GMT0300, Gold is trading at 1293, ...

  • Silver: White Metal Reverses Its Losses This Morning

    Silver prices declined 2.74% to USD20.38 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.In the Asian session, at GMT0300, Silver is trading at 20.51, 0.64% higher from yesterday's close.Silver is expected to find support at 20.25, and a fall through could take it to the next support level of 20.00. Silver is expected to find its first resistance at 20.86, and a rise through could take it to the next resistance level of 21.22.The white metal is trading below its 20 ...

  • Crude Oil: Oil Trading Below Its MA's

    Crude Oil prices declined 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 102.05, reversing its previous session's gains triggered by an unexpected sharp decline in US weekly crude stockpiles and an upbeat manufacturing PMI data from China.In the Asian session, at GMT0300, Crude Oil is trading at 101.93, 0.12% lower from yesterday's close.Crude oil is expected to find support at 101.48, and a fall through could take it to the next support level of 101.04. Crude oil is ex ...

  • Gold Tumbles Below $1,300 As Equities Surge On China Data

    Gold dropped for the third straight day on Thursday, despite continuing fight in both Gaza and Ukraine, after upbeat Chinese data dented demand for the metal as an alternative investment.The bullion sentiment was depressed by quite promising data from China, where stock markets in the world`s top gold consumer surged to a fresh three-month high on HSBC`s flash Purchasing Managers` Index (PMI) of Chine factory activity for July.China`s PMI index rose to an 18-month high of 52.0 compared with a r ...


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