Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 4066

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

We anticipate further losses for the GBP/USD pair this week, but we believe the decline will be limited to the 1.3036 support level.

At the start of this week, the Japanese yen dropped to 143.79 against the US dollar, halting its recent upward trend as the dollar strengthened amid ongoing uncertainty about the Federal Reserve’s upcoming interest rate cut.

The euro is expected to remain under pressure against the US dollar in the near term, but we anticipate volatility around the US inflation report on Wednesday and the European Central Bank's decision on Thursday.

At the beginning of this week's trading, the gold price stabilized at $2500 per ounce, as markets traded around a range of interest rate cuts by the Federal Reserve this month following a mixed US jobs report.

During last Friday’s trading session, the US dollar fell and then recovered after the release of the weaker-than-expected US Labor market report.

Expectations of further tightening of the Bank of Japan's monetary policy continue to support the strength of the Japanese yen against other major currencies, especially against the US dollar.

Prior to the close of last week's trading, the EUR/USD pair declined following a speech by John C. Williams, President of the Federal Reserve Bank of New York.

The gold price has maintained its position above $2500 per ounce, supported by the latest US jobs reading ahead of more data scheduled to be released later on Friday, which may prove crucial in determining the size of the US interest rate cut by the Federal Reserve this month.

After five consecutive trading sessions during which the GBP/USD pair was subject to selling starting from the resistance level of 1.3265, its highest level in two years.

The Japanese yen has risen to the brink of the 143.00-yen level against the US dollar, recovering sharply from its two-week low as weak US manufacturing data fuelled recession fears, boosting demand for safe-haven assets.

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