Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 3791

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

May 09, 2024, Analysis of euro price against the dollar EUR/USD

The yen's collapse resumed this week as concerns about the country's economy and interventions continued.

May 09, 2023. Gold Forecast and Analysis of the price of gold XAU/USD today

The GBP/USD exchange rate has fallen below the psychological support level of 1.2500, extending losses to the 1.2467 support level before settling around 1.2495

GBP/USD attempted to hold above the 1.2500 level to avoid further losses, but with bearish sentiment ahead of the Bank of England's announcement tomorrow, GBP/USD has slipped to the 1.2484 support level as of writing.

According to today's Wednesday trading, the value of the Japanese yen has fallen to over 155 yen against the US dollar, giving up about half of the gains it made last week.

Amid the performance of the currency pair in Forex currency trading companies, EUR/USD may take cues from tomorrow's US initial jobless claims report and the University of Michigan's preliminary US consumer sentiment index on Friday.

Gold prices are consolidating around $2320 an ounce today.

The late week decline in the GBP/USD exchange rate is an ominous sign and suggests potential losses in the coming days.

The Japanese yen has once again weakened past 154 yen to the dollar, giving up last week's gains even after top currency diplomat Masato Kanda said the government is ready to combat disorderly and speculative forex moves.

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