Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 3021

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.


Latest 10 Articles

Gold futures fell in the middle of the trading week amid increasing US dollar strength. Investors resorted to the dollar during the debt ceiling crisis.

Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit from the markets.

The pound rose to its highest level against the euro since December after data showed that UK inflation came in well above expectations in April but quickly gave up the advance amid potential concerns that the UK is facing a unique inflationary problem.

The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.

The downward path of the EUR/USD currency pair is getting stronger, as the most famous currency pair in the forex market collapsed to the support level 1.0760

The current strong upward path for the USD/JPY currency pair, which tested the 138.91 resistance level, before settling around 138.50 at the time of writing, will strengthen

Despite the recent performance of the GBP/USD currency pair, which collapsed to the support level of 1.2372 and settled around the level of 1.2413, sentiment towards the British pound continues to improve

The continued gains of the US dollar still contribute to increasing the bearish momentum of XAU/USD gold prices.

The EUR/USD correction from year-to-date highs appears to have faded in recent trade, leaving intact support levels just below the market on the charts.

The continued gains of the US dollar, with momentum from expectations of raising US interest rates, is a negative factor for the XAU/USD gold price.

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