Mahmoud Abdallah
Gold Analysis: Closest to $2,500 Psychological Resistance
At the start of this week’s trading, gold futures approached an all-time daily high as investors prepare for key US inflation data.Also, financial markets are monitoring geopolitical tensions in the Middle East as the US beefs up its military presence in...
2 months ago
USD/JPY Analysis: Neutral Performance Awaits Any News
At the beginning of this week, the USD/JPY currency pair rose, surpassing the 148.00 resistance level amid thin trading volumes as Japanese markets were closed due to a holiday.The Japanese yen hovered near its one-week low as the dollar strengthened on t...
2 months ago
GBP/USD Analysis: Attempting to Break the Downtrend
For the past five trading sessions, the GBP/USD currency pair has been trying to rebound upwards, but its gains have been capped at 1.2793 before settling around the 1.2760 level at the beginning of trading on Tuesday.According to the economic calendar, t...
2 months ago
EUR/USD Analysis: Will it Return to the Psychological Resistance of 1.10?
Recently, the EUR/USD exchange rate has consolidated its gains made in early August in recent trading, but it may have room to decisively overcome the nearby resistance around 1.0935 and approach the 1.10 level in the coming days.According to reliable tra...
2 months ago
Gold Price Analysis: Gold Price Stabilizes Near Record Highs
Gold prices dipped below $2,460 per ounce at the start of trading on Wednesday but remained near record highs, benefiting from safe-haven demand amid growing geopolitical tensions in the Middle East.Concurrently, Ukrainian forces crossed the Russian borde...
2 months ago
EUR/USD Analysis: Euro Nears Seven-month High
Amidst a bullish momentum supported by the decline in US inflation figures, the EUR/USD currency pair has returned to the psychological resistance level of 1.1000, bolstering the dominance of bulls.This marks the highest level for the currency pair in sev...
2 months ago
Gold Analysis: Selloffs May Not Last Long
Gold is trading slightly below its all-time high of $2,480 per ounce, which it reached on August 12, as markets assessed the latest price data for hints about the Federal Reserve's monetary policy outlook.Immediately after the announcement, gold prices ex...
2 months ago
EUR/USD Analysis: Successful Break of Psychological Resistance
Following the announcement of lower-than-expected US inflation figures yesterday, bulls managed to push the EUR/USD currency pair above the psychological resistance of 1.1000, with gains extending to the 1.1047 resistance level.,This is the highest for th...
2 months ago
GBP/USD Analysis: Important Influential Data Awaits
The Pound Sterling dipped to $1.28 in early trading on Wednesday, pulling back from a three-week high earlier in the month after UK inflation figures raised bets on interest rate cuts by the Bank of England.Annual inflation rose as expected but less than...
2 months ago
USD/JPY Analysis: Impact of US Data
On Wednesday, the USD/JPY currency pair exhibited volatile behavior. After rebounding towards the resistance level of 147.57, it retreated to 146.67 following the release of US inflation data, before stabilizing around 147.18 at the beginning of trading o...
2 months ago
USD/JPY Analysis: Bullish Rebound Remains Weak
During last week's trading, the USD/JPY currency pair attempted to rally but its gains did not exceed the resistance level of 149.38 before closing the week around the 147.60 level.This was due to investor disappointment in the results of some US economic...
1 month ago
Gold Analysis: Gold Hits a New Record High in 2024
At the end of last week’s trading, the price of gold hit a new record high.The yellow metal was in a state of euphoria and settled above the historical psychological resistance of $2,500 per ounce to trade at an all-time high, supported by geopolitical te...
1 month ago
GBP/USD Analysis: Rises Towards 1.30 Amid Bullish Trend
The GBP/USD exchange rate climbed to new highs during last week's trading, overcoming several key levels along the way, refocusing on the longer-term recovery trend on the charts.The upward rebound of the GBP/USD pair reached the resistance level of 1.294...
1 month ago
EUR/USD Analysis: All Eyes on Jackson Hole
In the last trading session of last week, the EUR/USD currency pair rebounded strongly with gains extending to the resistance level of 1.1029, its highest in seven months, recovering from Thursday's losses which reached 1.0949.The currency pair's gains ca...
1 month ago