Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 2781

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

As expected, the American central bank slowed down the rate of raising the American interest rate, as inflation in the country showed a decline

Despite the strong expectations that today the Bank of England will be more strict than the American Federal Reserve Bank, the gains of the upward rebound of the GBP/USD currency pair

The US Federal Reserve slowed its efforts to rein in inflation, saying more US interest rate hikes were on the cards as officials debated when to end the most tightening of credit in four decades.

USD weakness continued and is coinciding with the expectations of the recession of the world economy during the year 2023.

Ahead of today’s Fed and ECB decisions, the EUR/USD currency pair is exposed to selling operations with losses towards the 1.0801 support level before settling around the 1.0865 level

XAU/USD gold futures rebounded after early weakness as the price of gold fell to $1,900 per ounce before prices stabilized around $1,928 per ounce as the US dollar lost ground.

While attempting to recover, the price of the currency pair USD/JPY stabilized around the resistance level of 130.55.

For four trading sessions in a row, the GBP/USD currency pair is exposed to selling operations with losses extending to the support level of 1.2284.

EUR/USD entered the new week trading near nine-month highs with room to test psychological resistance at 1.10.

At the start of this week's trading, gold futures struggled to hold $1,920 an ounce as it snapped its longest weekly winning streak since August 2020.

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