Gulf markets, oil prices compared to Egypt's oil markets in light of the US dollar and the Swiss franc
Gulf markets may be stronger on Thursday as investor sentiment started to improve after oil prices advanced, but Egypt markets may stall due to investor concerns about the likelihood of higher interest rates or devalue the currency or both.
Brent crude oil futures rose to about $ 37 a barrel amid growing belief that oil prices may have reached their lowest possible level, supported by Saudi Arabia's decision to raise prices for Asia.
Also, indicators PMI announced on Thursday showed non-oil business activity in Saudi Arabia and the United Arab Emirates accelerated slightly during the month of February from its lowest level in several years in the month of January.
Dubai's index fell on Wednesday as investors has launched Arabtec shares rose after the daily limit its shares at 15% twice this week. Shares of Amlak Finance, and is an Islamic investment company, are also sold as the local traders to collect profits.
However, the decline in stock speculation may encourage rotation to preferred stock that the traders long periods rebuild their portfolios.
Egyptian Stock Exchange is facing difficulties, but in weak volumes. Egyptian purchasing managers' index for February showed a contraction of business activity there for the fifth
Today's recommendation for the USD / CHF
- Willingly 0.75%.
- Must deal execution day just before 17:00 pm London time.
1 purchase deal
• the purchase after an upward price movement inverse to the time frame of an hour immediately after touching 0.9950.
• Identification of stop-loss and one point below the lowest local seabed.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
2 purchase deal
• the purchase after an upward price movement inverse to the time frame of an hour immediately after entering the area between the levels of 0.9850 and 0.9820.
• Identification of stop-loss and one point below the lowest local seabed.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
1 sales deal
• Reseller after a bearish price movement inverse to the time frame of an hour immediately after touching the trend line currently located at 1.0070.
• Identification of stop-loss and one point above the bottom of the lowest local.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
2 sales deal
• Reseller after a bearish price movement inverse to the time frame of an hour immediately after touching 1.0110.
• Identification of stop-loss and one point above the bottom of the lowest local.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
Analysis of USD / CHF
The pair is still little change here, and the pair is still among the trends and responds well to the support and resistance levels, especially when they end at 50.00.
The only interesting thing that you should notice is that there is selling at 1.0000 and the price seems a little heavy, such as the level of 0.9950, but it would not surprise me to see a decline to below this level soon.
Analysis of USD / CHF
There are no news expected today on the Swiss franc. With respect to the US dollar, there will be the announcement of the Initial Jobless Claims 1:30 pm London time data, and then at a later time data for the ISM index of purchasing managers in the non-manufacturing sector at 03:00.
Currency USD / CHF pairs
Gulf markets may be stronger on Thursday as investor sentiment started to improve after oil prices advanced, but Egypt markets may stall due to investor concerns about the likelihood of higher interest rates or devalue the currency or both.
Brent crude oil futures rose to about $ 37 a barrel amid growing belief that oil prices may have reached their lowest possible level, supported by Saudi Arabia's decision to raise prices for Asia.
Also, indicators PMI announced on Thursday showed non-oil business activity in Saudi Arabia and the United Arab Emirates accelerated slightly during the month of February from its lowest level in several years in the month of January.
Dubai's index fell on Wednesday as investors has launched Arabtec shares rose after the daily limit its shares at 15% twice this week. Shares of Amlak Finance, and is an Islamic investment company, are also sold as the local traders to collect profits.
However, the decline in stock speculation may encourage rotation to preferred stock that the traders long periods rebuild their portfolios.
Egyptian Stock Exchange is facing difficulties, but in weak volumes. Egyptian purchasing managers' index for February showed a contraction of business activity there for the fifth
Today's recommendation for the USD / CHF
- Willingly 0.75%.
- Must deal execution day just before 17:00 pm London time.
1 purchase deal
• the purchase after an upward price movement inverse to the time frame of an hour immediately after touching 0.9950.
• Identification of stop-loss and one point below the lowest local seabed.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
2 purchase deal
• the purchase after an upward price movement inverse to the time frame of an hour immediately after entering the area between the levels of 0.9850 and 0.9820.
• Identification of stop-loss and one point below the lowest local seabed.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
1 sales deal
• Reseller after a bearish price movement inverse to the time frame of an hour immediately after touching the trend line currently located at 1.0070.
• Identification of stop-loss and one point above the bottom of the lowest local.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
2 sales deal
• Reseller after a bearish price movement inverse to the time frame of an hour immediately after touching 1.0110.
• Identification of stop-loss and one point above the bottom of the lowest local.
• Identification of stop-loss at 20 to achieve a profit point of the trading order.
• Take 50 percent of the profit when you achieve 20 points profit from trading and leave the rest of the deal is active.
Analysis of USD / CHF
The pair is still little change here, and the pair is still among the trends and responds well to the support and resistance levels, especially when they end at 50.00.
The only interesting thing that you should notice is that there is selling at 1.0000 and the price seems a little heavy, such as the level of 0.9950, but it would not surprise me to see a decline to below this level soon.
Analysis of USD / CHF
There are no news expected today on the Swiss franc. With respect to the US dollar, there will be the announcement of the Initial Jobless Claims 1:30 pm London time data, and then at a later time data for the ISM index of purchasing managers in the non-manufacturing sector at 03:00.
Currency USD / CHF pairs
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