Most major Gulf bourses rise on strong corporate earnings, steady oil
In Qatar, the benchmark (.QSI) also rose 0.8%, helped by a 1.5% increase in Industries Qatar (IQCD.QA), and a 2% leap in Sharia-compliant lender Masraf Al Rayan (MARK.QA).Ooredoo (ORDS.QA) was also up 3.6% after reporting quarterly results.
Meanwhile, most of the Gulf central banks lifted their main interest rates by three quarters of a percentage point on Wednesday, moving with the U.S.
presidency, in Manama, Bahrain, November 8, 2020.
Federal Reserve as their currencies are pegged to the dollar.
REUTERS/Hamad I MohammedRegister now for FREE unlimited access to Reuters.comJuly 28 (Reuters) - Most major Gulf stock markets rose on Thursday, buoyed by steady oil prices and strong corporate earnings, with Saudi Arabia leading the gains.
Traders wait at the Bahrain Bourse after Joe Biden won the U.S.
Register now for FREE unlimited access to Reuters.comReporting by Shamsuddin Mohd in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Abu Dhabi's index , after reporting a slight rise in it quarterly net profit.
Most major Gulf bourses rise on strong corporate earnings, steady oil
We will have no information about what happened before that.
First, I want to open a parenthesis and say that the human brain is something unique, and it is possible that methods will be (or already have been) discovered that allow you to trade using only information about the strength of currencies.
So, if anyone has discovered such a method, please excuse us, or correct us.
Some reasons why we can't directly use the strength directly There are several reasons to believe that using the strength of currencies directly in trading is incorrect: The first reason is that to have a successful trade you need to have some good predictive value.
The second reason is that by gaging only the strength of the currencies we have no information about the local and global extremes on the chart.
Why we can't directly use the strength of currencies for trading
In Qatar, the benchmark (.QSI) also rose 0.8%, helped by a 1.5% increase in Industries Qatar (IQCD.QA), and a 2% leap in Sharia-compliant lender Masraf Al Rayan (MARK.QA).Ooredoo (ORDS.QA) was also up 3.6% after reporting quarterly results.
Meanwhile, most of the Gulf central banks lifted their main interest rates by three quarters of a percentage point on Wednesday, moving with the U.S.
presidency, in Manama, Bahrain, November 8, 2020.
Federal Reserve as their currencies are pegged to the dollar.
REUTERS/Hamad I MohammedRegister now for FREE unlimited access to Reuters.comJuly 28 (Reuters) - Most major Gulf stock markets rose on Thursday, buoyed by steady oil prices and strong corporate earnings, with Saudi Arabia leading the gains.
Traders wait at the Bahrain Bourse after Joe Biden won the U.S.
Register now for FREE unlimited access to Reuters.comReporting by Shamsuddin Mohd in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Abu Dhabi's index , after reporting a slight rise in it quarterly net profit.
Most major Gulf bourses rise on strong corporate earnings, steady oil
Why we can't directly use the strength of currencies for trading
Is this current trend a trend or is it a correction of a previous trend?We will have no information about what happened before that.
First, I want to open a parenthesis and say that the human brain is something unique, and it is possible that methods will be (or already have been) discovered that allow you to trade using only information about the strength of currencies.
So, if anyone has discovered such a method, please excuse us, or correct us.
Some reasons why we can't directly use the strength directly There are several reasons to believe that using the strength of currencies directly in trading is incorrect: The first reason is that to have a successful trade you need to have some good predictive value.
The second reason is that by gaging only the strength of the currencies we have no information about the local and global extremes on the chart.
Why we can't directly use the strength of currencies for trading
Reuters
Most major Gulf bourses rise on strong corporate earnings, steady oil
Most major Gulf stock markets rose on Thursday, buoyed by steady oil prices and strong corporate earnings, with Saudi Arabia leading the gains.