Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 3822

About Mahmoud Abdallah

Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.

Snapshot

Latest 10 Articles

USD/JPY remains stable around the 156.78 resistance level as of writing.

Sterling rose to $1.275 yesterday, its strongest level in about two months, after a higher-than-expected UK inflation reading reduced bets on a Bank of England rate cut.

For the second day in a row, the EUR/USD has given up its recent gains, which reached the 1.0885 resistance level at the beginning of trading this week.

Gold futures fell in the middle of trading this week after some Federal Reserve officials indicated that the central bank could raise interest rates if economic data requires further tightening.

Despite the decline in the US dollar against other currencies since the release of below-expected US inflation figures, the overall trend for USD/JPY remains bullish.

According to recent trading, the price of the pound sterling against the US dollar (GBP/USD) fluctuates near the 1.27 resistance despite the US Federal Reserve’s hawkish comments.

For four consecutive trading sessions, the EUR/USD has been under selling pressure, pushing it towards the 1.0835 level and settling around the 1.0860 level at the time of writing.

Gold and silver futures continued their record gains this week, supported by expectations of Federal Reserve policy and strong investor and retail demand.

The yen fell to over 156 yen to the dollar, hitting its lowest level in a week as the dollar rose after a Fed official offered a more hawkish outlook on US interest rates than markets had expected.

The EUR/USD has been trading around $1.08 heading into the end of May, near its March highs.

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