Mohammad Abdelkhalik, Author at TriumphFX Analysis

16
Nov

Gold prices fell slightly at European market as US dollar stopped falling

Posted ByMohammad Abdelkhalik Category Daily FX News

Gold prices fell slightly at European market on Thursday, in the continuance of the downward correction for the second day in a row from the highest level in four weeks, as the US dollar stopped falling against a basket of world currencies. Gold prices fell 0.1% to 09:35 GMT to …

15
Nov

Oil prices stabilize at the lowest level in two weeks

Posted ByMohammad Abdelkhalik Category Daily FX News

Oil prices were stable at Europe market on Wednesday within a limited range of trading after the previous day’s biggest daily loss in six months, to settle at a two-week low. Oil prices fell after the International Energy Agency reduced its outlook for global demand growth and its confirmation on …

14
Nov

Gold prices have largely declined hitting its lowest level over one week

Posted ByMohammad Abdelkhalik Category Daily FX News

Gold prices have largely declined at European market on Tuesday, hitting its lowest level over one week, pressured by the increase of short-term and long-term US bond yields, which are backed by strong prospects of raising US interest rates at the middle of the coming month. Gold prices fell 0.4% …

13
Nov

Most important forex news on economic calendar this week 13 – 17 November

Posted ByMohammad Abdelkhalik Category Daily FX News

Over the next week, inflation readings will be more significant for international financial markets, as the US, the UK, the euro zone and Canada will issue consumer price index data. Investors will also focus on the central banking communication conference, hosted by the European Central Bank, as the discussion panel …

10
Nov

Gold prices fell based on the dollar’s decline against a basket of global currencies

Posted ByMohammad Abdelkhalik Category Daily FX News

Gold prices fell slightly at European market on Friday, by virtue of correction and profit taking processes, following recording the highest level over three weeks yesterday. Prices are heading for achieving the first weekly gain in a month, based on the dollar’s decline against a basket of global currencies. …

9
Nov

Euro rose at European Markets on Thursday against a basket of world currencies

Posted ByMohammad Abdelkhalik Category Daily FX News

Euro rose at European Markets on Thursday against a basket of world currencies, continuing recovery for the second day in a row, against the US dollar. The Euro recorded its lowest level over four months against the dollar, on Tuesday, pushed by concerns about deepening the gap between monetary policies …

8
Nov

Oil prices rose based on KSA domestic and foreign policy tensions

Posted ByMohammad Abdelkhalik Category Daily FX News

Oil prices rose slightly on the European markets on Wednesday, resuming its gains which have halted yesterday by profit-taking and correction processes, prices are holding up around the highest level over two and a half year, based on the KSA domestic and foreign policy tensions, in addition to the decline …

7
Nov

Gold prices continues its losses during today trading

Posted ByMohammad Abdelkhalik Category Daily FX News

Gold prices retreated on Tuesday at the European market in continuance of losses which were temporarily halted yesterday; this fall comes along with drop in most US dollar-denominated metals, in concurrence with the weak investment demand for the metal as a safe haven amid strong gains in global equity markets. …

6
Nov

Most important news on economic calendar 6 to 10 November

Posted ByMohammad Abdelkhalik Category Daily FX News

The dollar reversed losses in Friday’s trading after the release of US factory orders and service sector data that made investors shrug off the jobs report, which was weaker than expected for October. The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, …

3
Nov

GBP held steady despite the UK’s first interest rate hike in 10 years

Posted ByMohammad Abdelkhalik Category Daily FX News

Sterling held steady on Friday against a group of major and minor currencies, to the lowest rate in a four-week period against the US dollar despite the UK’s first interest rate hike in 10 years. This steadiness came after the central bank confirmed that any further interest rate increases will …