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  • U.S. stocks rise ahead of Fed meeting results

    U.S. stocks rise ahead of Fed meeting results

    U.S. stocks rise ahead of Fed meeting results

    U.S. stocks pointed to the rise ahead of the opening on Tuesday, with investors turning to awaiting the results of the meetings of the Federal Reserve and the Bank of England for clues about the future of the stimulus program of the Central Bank –

    Prior to the opening, the Dow Jones Industrial Average was down 0.10%, the index of the S & P 500 futures rose 0.10%, while the Nasdaq 100 index futures rose 0.25%.

    Markets were jittery after a series of recent U.S. economic reports fueled by uncertainty over whether the central bank will begin to reduce the bond purchase program ..

    Industry data showed that Pending home sales in the U.S. fell 0.4% in June, less than the expected drop of 1%, after a 5.8% rise in the previous month.
    It was expected to be active pharmaceutical companies, having recorded Pfizer’s quarterly results slightly higher than market expectations, prompting its shares to rise by 1.02% in after-hours trading

    In the automotive sector, is likely to be the Chrysler Corporation in focus, where the carmaker reduced its forecast for net income for 2013 to $ 1.7 billion from $ 2.2 billion, and also lowered its forecast for the full year to charge the car. .

    Is expected to be oil and gas giant BP is also in the spotlight, after it was published second-quarter earnings that bucked analysts’ expectations, and warned that $ 20 billion will be the amount of compensation for leaking oil ..

    Company shares fell 4.55% to trade pre-market.

    Elsewhere, shares of JP Morgan rose 0.04% in extended trading, amid reports the Federal Energy Regulatory Commission, Bank of America, which accused the lender United Aballaab in the energy markets in California and the Midwest.

    There were other stocks likely to be in focus, such as Merck, JetBlue, Thomson Reuters, Occidental Petroleum, Coach and Corning, which is due to publish the results of the profits.

    Across the Atlantic, shares rose European markets such as the opening n with the benchmark Euro Stoxx 50 fell 0.34%, and rose France’s CAC 40 rose 0.21%, and Germany’s DAX rose 0.21%, while the FTSE 100 was down 0.18%.

    During the Asian trading session, the Hang Seng in Hong Kong rose 0.48%, while the Nikkei 225 rose 1.53% Japanese.

    Later in the day, the U.S. was to publish data on the price index of the 20 home Standard & Poor’s / Case-Shiller, followed by the Conference Board report on consumer confidence

  • UAE bank credit picks up in first 4 months

    UAE bank credit picks up in first 4 months

    UAE bank credit picks up in first 4 months

    UAE banks appear to be gradually ending their post-crisis conservative lending approach and reopening their purses to the public, with credit to residents growing by aroundDh23 billion in the first four months of 2013.

    Central Bank data showed most of the increase was in loans to the private sector, mainly financial institutions, while there was a slowdown in lending to the government.

    The pick-up in credit followed negative growth in 2010 and a sharp slowdown in the following two years after a boom lending period in 2007-2008, during which credit surged by more than 30 per cent a year.

    From around Dh816 billion at the end of 2012, total credit provided to residents by the country’s 23 national banks and 28 foreign units increased to Dh839.8 billion at the end of April, the Central Bank said in its latest monthly statistical bulletin.

    The bulk of the increase was in credit to the private sector as it grew from Dh568.1 billion at the end of 2012 to Dh583.6 billion at the end of April.

    The reports showed credit to private financial institutions surged from Dh48.5 billion to Dh53.3 billion while loans to the business and industrial sector rose from around Dh312.2 billion to Dh317.1 billion.

    Loans to the government grew slightly from around dh121.3 billion to Dh122.1 billion while credit to the public sector swelled by about Dheight billion from Dh126.6 billion to Dh134 billion in the same period, the report showed.

    Earlier figures by the Central Bank showed personal lending also picked up during that period after a period of stagnation. They showed such loans increased by 3.1 per cent to nearly Dh269 billion at the end of April.

  • Expectations of weak gold and silver after prices tumbled this year

    Expectations of weak gold and silver after prices tumbled this year

    Expectations of weak gold and silver after prices tumbled this year

    Analysts have cut their forecasts for the price of gold and silver in 2013 after sharp declines this year and expect that the price remains weak in 2014, where the United States will be charged motivate cash, as demonstrated by the poll on Monday, the Reuters news agency.

    For the full year, gold is expected to reach an average of $ 1,410,75 per ounce, 13% lower than the average expectation of $ 1,627 at the time of the last Reuters poll in April.

    Although it refers perspectives for the second half of the year that the recent decline of gold may hit below at the moment after scoring the precious metal its lowest level in almost three years last month, according to a survey conducted in July for 30 analysts .

    Lost prices so far this year, 21% of the value of affected hints that the U.S. Federal Reserve will cut its program of quantitative easing, which helped push gold to higher highs in 2011 to keep interest rates low and raising fears of inflation.

    And was considered a negative sign April at the time, he noted that the average price of gold will decline for the first time since 2001, from $ 1,668 an ounce last year.

    Said Michael Lewis, an analyst at Deutsche Bank, “In Asia, there is still an appetite towards gold, but investment institutions in the Western world they be, according to our belief, those interested more in other markets.” “The dollar would be a problem, and the positive vision of shares also will limit the flow of gold.”

    And sharply reduced analysts’ expectations of the metal due to the collapse of the price of $ 200 an ounce during just two days in April and a similar drop in volume for two weeks in June.

    Despite this poll likely that the fall in gold prices may have reached below at the moment and will average $ 1,310 in the second half of the year, near current levels, and remains in the same area next year, at an average of $ 1,331 an ounce.

    Silver

    Was reduced predicted the average price of silver for the full year to $ 23.82 an ounce from $ 30.02 in April. In the third quarter outweighed expectations that the average price of $ 20.50, before rebounding to $ 21.00 by the last three months of the year.

    In 2014 they expect silver to register a decline for the second year to an average of $ 21.78 an ounce. Despite that silver has a strong industrial demand base, but the record prices seen in recent years, largely returned to investors bought the metal as an alternative investment to gold.

    While gold prices fell, with silver prices fell, losing 36% of its value so far this year. They accept the largest annual decline since the start of the data collection and the Reuters news agency in 1982.

    It also damaged silver losses in other industrial metals, where the recovery of the global economy stumbles to gain momentum.

  • Evening report: Rising gold and Japanese stocks at the beginning of the week

    Evening report: Rising gold and Japanese stocks at the beginning of the week

    Global markets traded under the simple to the average momentum during the first trading day of the new week in spite of the Group of Twenty meetings and also the Japanese elections, and that the absence of important economic figures during the trading day and even during the day’s trading tomorrow, too.

    The most important things that I got today was through commodity prices, as gold rose today to a new level, after he broke levels of $ 1,300 job, which led to rising gold prices to the levels of 1325 dollars per ounce so far, on the impact of the success of Shinzo Abe in the elections, and his success means the continuation of policy stimulus in the country which always admire gold. At the current time, not the next resistance levels remain stationed at levels of 1333 dollars per ounce, which is considered the most important resistance levels now.

    EUR / USD: The U.S. dollar, has resulted in rising commodity prices in general than gold, oil prices to impact negatively on the U.S. dollar in general, where the euro rose against the U.S. dollar to the levels of 1.3192 so far, while next resistance levels are still stationed at levels of 1.32 .

    EUR / USD

    GBP / USD: The pound sterling against the U.S. dollar also is the other rose to 1.5349 levels to now, breaking resistance levels that were stationed at levels of 1.5310 as next resistance levels remain now at around 1.5440 levels.

    GBP / USD

    As for the Australian dollar against the U.S. dollar, it increased the other is to reach the levels of 0.9247 to now, the highest levels of the session until the writing of this report with the continuation of the price of gold as well.

    At present, the absence of figures important economic today, not even during the trading day tomorrow, is likely to reach the market in light of the momentum of the average in the scope of psychoanalysis and technical in particular and, therefore, traders attention always during the next period of any figures economic terms that the continuation of positive U.S. economic figures to support the dollar will impact negatively on the price of gold, as the economy improved means to stop quantitative easing as the U.S. Federal plan.

  • Which Trade Most Profitable : Forex Trading or Options Trading ..?

    Which Trade Most Profitable : Forex Trading or Options Trading ..?

    Which Trade Most Profitable : Forex Trading or Options Trading ..?

    Forex trading differs from trading binary options. It is very important to know the difference between them in order to determine the market for the better for you. Although it is still understood options trading through forex trading, options trading him leverage to make it able to trade in derivatives unique. And give the ability to trade in the unique options traders a wide range of strategies to choose from to reduce risk and increase profits.

    There are two types of options trading, namely the American style and European style. The difference between them is in the U.S. that the method can be exercised at any time until they reach the finish, while the European method can be exercised at a time period just completed.

    Many people see that options trading to gain a few more risks that fear of them. The advantage of trading options in that you pay a smaller amount of capital while maintaining a high probability of earning profits. In addition to this that you can put options trading price and time and the option that you will use to minimize risk.

    Although the options trading has disadvantages such as entering into a deal does not attract any other person or the fact that you can not actually change your mind once a deal, but it is still profitable. Yet it can be difficult adventure options trading, but the gains worth the adventure, as it is considered the most profitable  of Forex trading.

  • Financial markets and how to trade

    Financial markets and how to trade

    Financial markets and how to trade

    Daily trading in the financial markets means that market positions are held for a short period, ideally, the rolling buying and selling during the same day. Principle got a bad reputation during the nineties, when he entered a lot of daily traders to new electronic trading platforms on the Internet. Traders thought then that they could “go to work” wearing Bjamahm   and can achieve wealth through a little effort or science. And this proved to be incorrect.

    However, the methods of trading is not complicated for that class. After you learn the strategy based on the rules easy to predict market movements, such as those that are learned on the Internet. Here are 5 ways of how trading in the financial markets:

    1. Search for scenarios where supply and demand is largely parallel, and used it as a point of entry

    Financial markets like anything else in life: If the offer was nearly to consume and there are still buyers willing to buy, the price will be on the verge of upside. If there is a surplus in supply and no buyers willing to buy, the price is about to drop. In the “Academy of Learning on the Internet”, students are taught how to define these turning points on the chart the price, and you can do the same thing through the study of historical examples

    2.Always setting price targets before entering

    In the financial markets, if you buy a long position, you have to decide in advance what is the acceptable amount of profit, in addition to the level of stop loss if the trade did not go in your favor. Then, Commit . This leads to reduction of losses and keeps you away from being overly greedy if prices rose to an unexpected level.

    Exception: strong in the market, it is acceptable that you select the new profitability targets and new stop loss points after the initial goal.

    3. How trading basis risk – the proceeds of not less than 3:1 when you select your goals

    As teachers are placed in classes “learning on the Internet”, this rule enables you to “lose a little and gain a lot” and that he graduated from trading ahead, even if you have a loss of a lot of trades. In fact, after that have some experience, the rates of profit – at a high rate of loss of up to 5:1 or even higher may be acceptable.

    4. Financial markets key the patience

    Although this may seem paradoxical, the Daily Achievers traders are trading not normally on a daily basis. May exist in the market in front of computer screens, but that did not see any Opportunity in line with their criteria, they will not carry out the implementation of that day’s trading. And this is much better than to act contrary to your own judgment urgent because of the desire to do anything. Plans for the trades, and then by trading plans.

    5. You discipline. Financial markets requires you to specify a deliberative plan and to comply with them

    When students “learning on the Internet” are implementing lively trading in the market under the supervision of experts to become mentors right decisions is is normal for them. If you trade on your own, it is possible to be a reckless act worst enemies. It is possible that keeps greed in the position for a long time, and it is possible to cause fear when you go out in a short period. Do not expect to become rich through the process of trading one.

  • U.S. dollar drops change gold direction to top

    U.S. dollar drops change gold direction to top

    U.S. dollar drops change gold direction to top

    August gold rose through the rise in the $ 1,267.00 altering the main direction towards the top on the daily chart for the first time since late December 2012. Has caused the bullish momentum resulting from this wave of high step to the main bounce area between $ 1,286.90 to $ 1,312.27.

    Of the core was the motivation behind this move Minutes of the Fed and cautious statements by the head of the Federal Reserve Bank Ben Bernanke. Has revealed the minutes of the Federal Reserve Bank that its members are concerned about the impact of the reduction of the asset purchase program on the market and concerns about the growth in the labor market. Bernanke said “monetary policy is very loose in the foreseeable future is what the U.S. economy needs.”

    Look at all of the minutes of the Fed and Bernanke’s comments Ktbarhat cautious, leading to softening of interest rates and send the U.S. dollar into a sharp decline. Dollar makes gold cheaper calorimeter in dollars cheaper for foreign investors.

    In spite of the weakness of the U.S. dollar the September crude oil to form a closing price reversal. This usually refers to the lack of buying interest at current price levels. The recent development of high prices in the market overbought so weak today is not a big surprise. The fact that the dollar rebound after falling at the opening pressure on prices. If the dollar turned upward could be reduced crude oil even further over graphs basis and may close lower today.

    Tension in Egypt continues to be a main story that drive prices upwards. May be twice today just drop caused by technical overbought conditions. It is likely to keep strong fundamentals and the market size of the open interest supported and could encourage fresh buying after correction in the near term.

    After rising early session, which was actually a follow-up step after the sharp rally yesterday, dropped the EUR / USD to less than 50% of today’s range. Renewed selling pressure today is a strong indicator that the rise in the past two days may be exaggerated.

    Of the core is still the long-term outlook supports the weakness of the euro against the dollar. This is because the European Central Bank is preparing to keep interest rates low while it is likely that the Federal Reserve Bank in the United States to take a step to reduce monetary stimulus program before the end of the year. This would keep the firm tone of the dollar. Long-term traders in the markets may look to any height as a new opportunity for sale including that the main trend is to the downside, and is expected to move less in the long run only if the U.S. economy began to decline.

    The pair has risen pound sterling / U.S. $ during the night but managed to post more than 50% of its earlier gains. Once again, the Bank of England’s decision to keep interest rates in the United Kingdom at historically low levels for an indefinite period is the main reason to believe that the pound sterling will remain weak against the U.S. dollar.

    Move today reflects the oversold conditions and the reaction of others calculated the minutes of the Fed and Bernanke’s comments cautious on Wednesday. Since the main trend is to the downside on the daily chart that the predicted traders Alhboutian the implementation of another round of selling pressure after testing 1.5281.

  • Dow Jones and Standard & Poor’s for U.S. shares record new highs

    Dow Jones and Standard & Poor’s for U.S. shares record new highs

    Close all of the Dow Jones industrial average DJI and the S & P 500 SPX at a record high on Thursday after a confirmed Ben Bernanke Federal Reserve Chairman on the previous day that the U.S. central bank will keep its policy to facilitate the cash for some time.

    The Nasdaq Composite Index ended laced technology companies the session at its highest level since October 2000.

    The Dow closed up 169.26 points, or 1.11 percent, to 15460.92 points, while the benchmark Standard & Poor’s 500 Index was up 22.40 points, or 1.36 percent, to 1675.02 points.

    The Nasdaq Composite Index finished the session up 57.55 points, or 1.63 percent, to 3578.30 points

  • Dubai is one of the most attractive tourist destinations the world

    Dubai is one of the most attractive tourist destinations the world

    Dubai is one of the most attractive tourist destinations the world

    According to Travel Business Review magazine, in a report, that Dubai is one of the most attractive tourist destinations the world, and they returned again to the fore launch projects aimed at attracting more tourists from all over the world.

    She added that the emirate announced the establishment of an amusement park, and large-scale projects in the next few years, and they will promote this goal by adding a new airport to increase passenger traffic, which is the Al Maktoum International Airport in Dubai World Central. Stressing that this procedure will yield him eventually increase passenger traffic to the city, and achieve excellent income.

    Traffic doubled

    The magazine reported that in 2002, the figures showed that 4.7 million passengers chose to spend their holidays in Dubai. While the figure increased in the past year to more than 10 million passengers, and the Government of the emirate looks forward to increase the number to 20 million passengers by the year 2020. Pointing out that the government seems optimistic about that number.

    The magazine quoted an expert travel Gaurav Sinha as saying that as expected growth of tourist agencies in Dubai doable. He said, adding that there is ample room for further growth. Where are advertised new destinations at all times of the Emirates, Dubai which opens to visitors from around the world.

    The report added: Dubai is one of the most cities in the world cause for envy in terms of its recreational infrastructure.

    It is home to shopping centers, water parks, beaches, hotels of the best international models, all of which allowed of the city Balastithar the annual tourist growth, and make it one of the most attractive destinations in the world. Certainly, the continuation of this approach in the long term, the launch of a tourist attraction sites.

    10 billion plan

    The report pointed out that in the month of November last year announced Miras Company, tourism development, a plan worth 10 billion dirhams to build five amusement park connected, while will be opening AMG World of Adventures, which will be the largest water park in the world during the next year.

    The garden includes Blue Waters, a new project off the coast of Dubai, the largest rotating wheel in the world, called Ein Dubai. It is likely to be completed within three years.

    Standard Index

    On the other hand Foundation study showed “Ernst & Young” that guests in Dubai hotels now have to pay an average of $ 300 per night, which is equivalent to 1459 dirhams, according to the Middle East Hotels Index benchmark.

    And that the city had added 500 hotel rooms in the first quarter of the current year. The hotel occupancy rate reached 90% in Dubai in the first quarter of the year, and 86% in the month of April.

    Global link

    A report issued by the island’s Global Capital Markets, has stressed the importance played by Dubai’s strategic location between Africa, the Near East and Europe, becoming a link in the system of global transportation and logistics.

    The report said that despite the fact that Dubai’s economy was originally built on oil revenues, those revenues now returned do not constitute more than 6% of the GDP of the emirate. And has become a tourist activities, real estate, and the global re-export trade, the primary source of income for the emirate.

    And tourism activities flourished in Dubai nearly a year ago, thanks to the start of the events of the so-called “Arab Spring”, especially in the traditional tourist destinations, which make tourists are turning more to Dubai the safest in the region.

    The data released by Dubai Airports to the arrival of 4.85 million passengers during the month of March, registered an increase of 19.1% on an annual average basis. This is the sixth month in a row that it has increased the growth of the number of visitors arriving in Dubai, compared to the previous month.

    Significant improvement in property prices

    A report by the National Bank of Abu Dhabi that average rents in Dubai rose by 3% in June to 74.2 dirhams per square foot, increasing the annual increase to 16.35%.

    The report to be issued by the bank on a monthly basis, the average residential prices rose 1.5% in June, a 34.6% increase in average prices that are currently up to 1099 dirhams per square foot.

    Observed the largest annual increase in real estate prices in the global city “International City”, Business Bay, Jumeirah Lakes Towers, which jumped 64.4%, 50.6% and 42.8%, respectively.

    The island’s Capital to report a significant improvement in residential property prices, private villas in Dubai. He said that the residential property index recorded a growth rate of 11.46% on an annual average basis in the month of April 2012. It was the largest improvement observed in the slice villas, which recorded a growth rate of 19.6% on an annual basis, in the light as the demand for high-end properties the main driver of this price trend.

  • 5.3% real growth for Dubai in the fourth quarter 2012

    5.3% real growth for Dubai in the fourth quarter 2012

    5.3% real growth for Dubai in the fourth quarter 2012

    According to report economy of Dubai fourth quarter of 2012 issued by the Dubai Economic Council that the rate of real economic growth of the emirate during the fourth quarter of 2012 has increased by 5.3% relative to the fourth quarter of 2011.

    This growth reflects the outcome of the growth of key sectors in Dubai, especially construction and manufacturing, while the key sectors other Dubai are transport and storage, wholesale and retail trade, real estate, and the financial sector, which contribute to these six sectors at about 90% of the GDP of Dubai.

    The report comes in a series of quarterly reports that the Board has consistently issued and include the most important macroeconomic indicators and some of the key sectors in Dubai (real estate, tourism, foreign trade, finance). The report also includes some predictions based on standard models keep pace with global best practices.

    On the macro-economic indicators, the report obtaining a reduction in the consumer price index during the fourth quarter of 2012 by 0.14% compared to the growth in domestic liquidity amounted to 2%. The government budget deficit fell to less than two billion dollars in 2012 as a result of the rationalization of expenditure.

    It turns out that more than four-fifths of the expenses are ongoing, and is dominated by non-tax revenue to three-quarters of total revenue.

    Strong return of real estate activity

    Real estate sector has witnessed significant growth during the fourth quarter of 2012, particularly in light of the high number of apartments deals by about 94% compared to the corresponding quarter of 2011. It was natural to increase the average price per square meter of apartments about 3% compared to the corresponding quarter of 2011.

    And at the district level, the Dubai Marina area occupied first place (41%) in terms of number of transactions, followed by the Tuck fifth (13%) and the first Ursan and Burj Khalifa (10%) each. The trading by nationality, has increased traders of Indian and British nationalities and Pakistan, American and Russian.

    All tourism indicators rise

    Concluded last year’s unprecedented growth of the tourism sector, which saw tourism indicators notable gains. The number of guests of hotel establishments increased by 7% compared to the summer of 2011. Tourism activities have contributed in attracting hundreds of thousands of visitors from outside of Dubai and the state.

    In this context, the report indicates that the global village and the shopping festival, the festival of Eid, GITEX and other events have had an important role in achieving growth in question.

    It also coincided with the preparation of tourist facilities and hotels and apartments buildings increase in tourist numbers, where the number of buildings 200 buildings, hotel rooms increased to up to 80 thousand rooms. And exceeded the number of tourists coming to Dubai 10 million tourists barrier for the first time in the emirate.

    As the average length of stay in Dubai hotels, where it reached 3.77 nights, the result of the high occupancy rate in hotels to 83% compared to 79% in the corresponding quarter of 2011, revenue rose to 6.4 billion dirhams.

    In this context, the report indicates that there is a significant development has occurred during the past years in each of the marine tourism and therapeutic.

    Foreign Trade

    As Dubai’s foreign trade during the fourth quarter of 2012 has witnessed a remarkable growth, as imports totaled 186 billion compared to AED 117 billion dirhams of exports.

    The total trade at the end of 2012 about 1,234 billion dirhams, compared with 1,089 billion at the end of 2011.

    Free Zones and continued to play a major role in the emirate’s trade, with total exports and imports of these areas during the fourth quarter of 2012 about 95 billion dirhams, equivalent to 32% of Dubai’s total trade.

    The re-export operations flourished from Dubai to countries in the region and the world to represent more than 27% of total trade.

    At the commodity level, it has accounted for precious stones and metals largest share of more than half of the total exports and re-exports.

    The report pointed out that the most important trade partners of Dubai: China and the United States and India, respectively. The most important export markets are Switzerland and Dubai, India and Turkey.

    Dubai Financial Market (DFM)

    Money markets were up significantly in the local indicators. At the sector level, is still the real estate and construction sector the engine of growth in the Dubai Financial Market (DFM), comes after the financial services sector and investment.

    The report confirms that these indicators may make the market more attractive to investors in light of declines recorded in the rest of the Gulf markets.

    Deposits and Loans

    Continued growth in deposits and loans in the banks of Dubai. It is noteworthy that the merger of Emirates Islamic Bank and Dubai Bank has increased the ability to attract deposits.

    According to trends to continue given to banks for loans, especially in light of the high level of demand for investment and the return of economic and commercial activity in the emirate.

    The ratio of loans to deposits in the fourth quarter of 2012 to the extent of 89% compared to the third quarter of the same year, which is acceptable according to the instructions of the Central Bank of United Arab Emirates (not to exceed 100%).

    The ratio of capital adequacy ratio of 18.6%, which is significantly responsive to the requirement adequacy ratio set by the Central Bank of United Arab Emirates (12%), while the Basel 3 states at 10.5%, making it any local banks are able to overcome the stress tests associated with the deterioration of asset quality .

    The fourth quarter also saw the 2012 earnings growth in Dubai banks increased by 6.6% compared to the third quarter of the year.

    As for the distribution of loans, the personal loans accounted for 27.2%, and real estate and construction 19%, manufacturing 3.9%, commerce 13.8%.