Analysis, education and company news from our Dubai desk — practical reading for anyone trading Forex, indices and commodities.
Gold has rallied above $4,400, gaining more than 1% as short-term bullish momentum returns. Brent crude remains bullish near $98.30, while USD/JPY continues to show a bearish technical structure.
Gold remains under bearish pressure below the $4,300 area as a stronger US dollar and rising interest-rate expectations weigh on prices. Meanwhile, Brent crude continues its bullish rally toward $100, while the S&P 500 remains in a short-term corrective phase. Traders are watching key support and resistance levels as monetary policy expectations, Treasury yields and geopolitical developments continue to drive market volatility.
Global financial markets started September with renewed volatility as traders reacted to rising oil prices, higher bond yields, inflation concerns and ongoing geopolitical uncertainty.
Gold remains in a short-term corrective phase after falling from its $4,696 high, while EURUSD consolidates around 1.1650 and copper faces renewed selling pressure. Traders are watching key support and resistance levels for potential signs of recovery or further downside.
Nvidia beats earnings expectations as revenue more than doubles, sending shares higher and lifting global market sentiment. Meanwhile, oil prices decline on easing Strait of Hormuz concerns, gold consolidates below $4,700, and Bitcoin holds above $78,000 as traders await further Federal Reserve guidance.
Copper extends its bullish momentum and moves closer to its all-time high, with $6.73–$6.75 acting as key resistance. Gold remains broadly bullish but consolidates below $4,700, while the Nasdaq 100 maintains a neutral-to-bearish outlook below 29,350.
Bitcoin extends its bullish run above $80,000, with a break above $81,265 potentially opening the path toward $82,000 and beyond. Gold remains broadly bullish despite consolidation, while Brent crude faces short-term bearish pressure below $92.45.
Bitcoin trades near $77,400 after reaching its highest level since May, with a break above $79,500 potentially opening the path toward $80,000. Gold remains strongly bullish above $4,600, while the Nasdaq 100 faces short-term bearish pressure below 29,320.
Dubai enters the new trading week with investors facing an unusually complicated combination of regional geopolitical risk and major shifts in global financial markets.
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