Analysis, education and company news from our Dubai desk — practical reading for anyone trading Forex, indices and commodities.
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.
For most of the financial market, the Strait of Hormuz is an oil story.
Discover what UAE traders should know about forex trading taxes. This Smartfin guide explains the current tax treatment for individual traders, business entities, and UAE residents with potential tax obligations in other jurisdictions.
Please read these documents carefully before opening an account or trading.