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The Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives bourse in the Middle East, has been recognised as ‘Exchange of the Year’ at the FOW Global Investor MENA Awards 2017.

Encouraged by strong investor appetite and robust trading performance on its existing Indian Single Stock Futures (SSF), the Dubai Gold & Commodities Exchange (DGCX), having received regulatory approval, today announced the launch of an additional 44 blue-chip Indian SSF, further expanding its Equities asset class vertical.  With the listing of additional Indian SSF, local and regional traders can now participate in the price performance of numerous stocks that fall within the major indices in India. Additional SSFs will be listed for trading on Exchange from December 8th, 2017.

Dollar long positions eroded going into this past weekend on mixed signals from the US congress and their proposed tax reform plans. Both the house and the senate unveiled their respective tax bills, and the disparity in the timing of delivering the long-awaited plan highlights the divide in Washington and the seemingly long and arduous path of negotiations ahead.

The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment.

Dollar longs thrived through the latter half of October, with the Dollar Index hitting three-month highs at 95.06.

At the start of October, we noted the positive shift in dollar sentiment going into the fourth quarter and that momentum will continue to carry into November.

It's risky to go long on the U.S. Dollar.
Despite the Fed's decision to keep rate unchanged, the response to the US dollar has been poor.

The US Dollar Index continued consolidation above 93 levels through August as risk appetite waned and volatility returned to the markets. The VIX index, a measure of the volatility in US equity markets, peaked at three month highs as both US domestic and geopolitical developments with rogue state North Korea continued to erode risk moods.

Euro-area & German ZEW both well below expectations; Gold holding above key tenkan-sen level of 1284; Further downsides expected in GBPUSD technically.

Markets open this week in similar fashion to Friday's closing; Volatility is expected to be light in the lead up to the Jackson Hole Symposium starting on Thursday; Crude pares some of Friday's gains.

US retail sales stronger than expected, US Dollar continues consolidation; API weekly crude inventories show large drawdowns in supply; Improving UK jobs data & stronger GDP in Euro-area