Analysis, education and company news from our Dubai desk — practical reading for anyone trading Forex, indices and commodities.
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.
UAE public holidays can affect local bank services, broker support hours and regional trading activity, but global forex and gold markets generally remain open according to international trading schedules. Smartfin explains what UAE traders should expect and how to plan around holiday periods.
Dubai enters the new trading week with investors facing an unusually complicated combination of regional geopolitical risk and major shifts in global financial markets.
The most important market move of the week may have started in the US Treasury market rather than in equities, commodities or foreign exchange.
The US Treasury’s decision to expand bond buybacks has improved market sentiment, pushing Treasury yields lower and supporting equities and cryptocurrencies. Meanwhile, gold remains near recent highs but faces pressure from a stronger US dollar and hawkish Fed expectations.
Ramadan can change UAE working hours, broker support schedules, and regional trading activity, but global forex and gold markets continue to operate normally. Smartfin explains how Ramadan may affect liquidity, trading routines, and market conditions for UAE traders.
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