This week we preview the all-important FOMC meeting this week, giving interest and growth rate projections for the US economy. We also give our take on the outlook for EURUSD and gold, which should rally if the Fed delivers the QE programme.
We analyse the potential outcome of the weak European data and upcoming ECB meeting and US economic data released this week. Get our view on the outlook for EURUSD and gold in the coming days.
Watch our weekly forex outlook to get our take on EURUSD and if we believe it can break above 1.30 in the near term following Greece's expected bailout tomorrow. We also take a look at US markets and how they may fare after Thanksgiving especially if the bullish sentiment continues into this week.
Video: H.E. Abdullah Al Dharmaki, CEO, Khalifa Fund for Enterprise Development, talks to Phil Blizzard at the Meed Abu Dhabi Conference on key aspects of the fund, criteria for start-ups, how the fund is evolving and also the new Venture Capital Fund.
United Arab Emirates:
Thursday, November 22 - 2012 at 13:23
This week the update looks at why we think the S&P 500 is starting to look oversold and could be due a pullback. Also, why gold is approaching a pivotal level, and why downward pressures on US Treasury yields will affect the dollar/yen.
Video: The debut Gulf Capital SMEinfo Awards saw entries from more than 200 SMEs, across all business sectors. Phil Blizzard reports on the gala evening, held at the opulent Jumeirah Zabeel Saray, which saw 55 shortlisted companies being recognised for their business achievements and from these 11 were announced as overall winners in the various categories of the awards.
United Arab Emirates:
Tuesday, November 13 - 2012 at 12:05
FOREX.com's Kathleen Brooks analyzes what the US Presidential election results mean for the US dollar as both parties look to agree on the way forward for the economy. Meanwhile, lack of policy movement from the ECB continues weak growth leaving the Euro bearish as we await Q3 GDP. We also look at what the Bank of England meetings mean for price action this week.
Video: The debut Gulf Capital SMEinfo Awards recognised the success, growth and innovation of businesses in a glittering ceremony held at the Jumeirah Zabeel Saray on Palm Jumeirah. AMEinfo.com caught up with some of the winners - including Bayt.com, Cobone, Saluki Media and Just Falafel.
United Arab Emirates:
Thursday, November 08 - 2012 at 11:40
We look ahead to some major market moving events this week including US elections, the Chinese handover of power, and ECB and BOE meetings. Find out what this means for the Euro and oil prices.
Video: Dubai based Eurreca.com is described as the first global crowd investment market place and is in a position to help SMEs with access to capital. Phil Blizzard spoke with Sam Quawasmi, Co-Founder & MD, Eureeca.com to find out more on crowd funding, which sectors of business are attracted to crowd funding and the benefits to potential investors. He also talks through the on-line process - from the pitch through to capitalization.
United Arab Emirates:
Tuesday, October 30 - 2012 at 10:59
Weak earnings data out of US and European companies weighed heavily on stock markets, exacerbated by Spain still not taking a bailout despite an unemployment rate of 25%. With the Euro testing key support levels against the US Dollar the US currency is holding strongly. Dollar strength and weakness across commodities are also weighing down Gold prices.
It was all about global growth and the EU summit last week, while this week we focus on October Eurozone PMIs and the FOMC meeting as we look to their commitment to QE. Meanwhile Gold prices will dependon the length and support of QE3 as prices are starting to weaken, we expect $1,700 as the low support.
Watch our weekly update with Forex.com as we analyse the impact of US payrolls and the ECB meeting on EURUSD and the gold price. The ECB stands ready to buy up Spanish bonds the minute they sign up to an aid or economic reform programme, which as boosted Euro/Dollar.
There could be lots of volatility in October, although next week could see a lack of conviction in the FX, stock and commodity sectors as markets digest what the central banks are planning. We also expect to see a lot of range trading across asset classes, including in the Euro/Dollar, and investors should watch crude oil as a lead indicator to see where other markets are going.
Video: Markets react to QE3 from the Fed, find out what this means as the dollar dips and oil and gold surge. Regional tensions exacerbate oil prices further as Brent could rise to $120 over the coming week.
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Qatar is an oil-rich peninsula jutting out into the Gulf between Bahrain and the United Arab Emirates. The majority of the country consists of sand dunes and salt flats.