FX Recommends

We were the first to represent FX trading consultancies and FX management services. We respect our clients' minds. We always tell them about our reasons and the change of current market sentiment and how this can change the best to buy and the best to sell. Forex and CFDs are the most volatile markets, so you should be dynamic enough to catch up with any change of the current market sentiment. Surely, we represent our services with a simple style trying to help the beginners too.

Walid Salah El Din's talking about the Chinese growth slowdown on 9/9/2015

Walid Salah El Din's talking about the oil on 19/8/2015

Walid Salah El Din's talking about USD direction on 22/7/2015

Walid Salah El Din's talking down EURUSD and Gold, after the Greek deal and Yellen's testimony on 16/7/2015

Walid Salah El Din's talking about the inflation outlook in UK and BOE's direction on 16/6/2015

Walid Salah El Din's talking about Oil and Gold on 2/6/2015

Walid Salah El Din's talking about the greenback weakness on 14/5/2015

Walid Salah El Din's talking about the gold recent consolidation on 12/2/2015

Walid Salah El Din's talking about the RBA's decision of cutting the interest rate by 0.25% on 3/2/2015

Walid Salah El Din's talking about EURUSD outlook in 2015, after the oil slide in 2014 on 29/12/2014

Walid Salah El Din's talking about the Fed's meeting on 17/12/2014

Walid Salah El Din's talking about the interest rate outlook in US on 19/11/2014

Walid Salah El Din's talking about The Japanese GDP preliminary contraction in the third quarter on 19/11/2014

Walid Salah El Din's talking about the slide of the US treasuries yields and the equity market  correction on 16/10/2014

Walid Salah El Din's talking about the central banks' directions effects on the raw material prices on 4/9/2014

Walid Salah El Din's talking about the slide of the US major stocks indexes on 4/8/2014

Walid Salah El Din's talking about the the release of the Fed's meeting minutes of July 30 2014 on 21/8/2014

Walid Salah El Din's talking about PBOC's efforts to lower the shibor rate on 24/12/2013

Walid Salah El Din's talking about Forex trading in the Arab countries on 28/11/2013

Walid Salah El Din's talking about the gold falling on 27/6/2013

Walid Salah El Din's talking about G20 meeting on 17/2/2013

Walid Salah El Din's talking about EURUSD technically on 29/1/2013

Walid Salah El Din's talking about World Bank global growth expectations on 16/1/2013

Walid Salah El Din's talking about the fiscal cliff deal impact on 6/1/2013

Walid Salah El Din's talking about the fiscal cliff on 29/11/2012

Walid Salah El Din's talking about Greece debt Crisis on 22/11/2012

Walid Salah El Din's talking about Metals on 13/11/2012

Walid Salah El Din's talking about Gold on 27/9/2012

Walid Salah El Din's expectation of cutting the deposit rate by the ECB by 0.25% to be zero on the 4th of July 2012

 

These interviews at CNBC Arabia were in Arabic.

For watching the results after trading US September 2012 Non Farm payroll release click here

For watching what's running now click here

For watching more results of 2012, you can click here

 

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22/3/2017 - The current market sentiment "The US equities are facing acceleration of the downside pressure"
 

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Technically, S&P 500 has become more vulnerable to the downside over the short term opened to meet 2300 psychological level, after forming a lower high at 2390.01 on Mar. 15 below its all times high at 2400.98 which has been formed on Mar. 1.
The market participants became unsure of the impact of the reflation plans, while the probability of executing them is coming down, as the new Administration facing rising criticizing in the congress.
While the higher interest rate outlook in US has become a clear threat to these financial stimulating plans,
As the Fed's fund rate rising direction can erode their influences showing that it is not the best time to take such plans by this cost which can reach 1tr USD as Trump announced previously.
EURUSD has become boosted by the probability of watching rising of the deposit rate before ending of the ECB's QE, After the ECB's member Nowotny indicated that there could be raising of the deposit rate, before its main refinancing rate, while the QE is still working.
GBPUSD could easily be underpinned by rising of the interest rate outlook in UK, after the inflation data over the consuming level in UK has shown rising of the CPI yearly by 2.3% last February which is the fastest pace of rising since September 2013, while the consensus was referring to increasing by only 2.1% after ascending by only 1.8% in January.
While BOE target is only 2% yearly and it has not been seen since December 2013.
The MPC has voted last week 8 to 1 to keep the interest rate unchanged at its 0.25% historical low as it has been since last Aug. 4.
As Kristen Forbes voted in favor of hiking the interest rate by 0.25% for containing the inflation pressure amid rising of the wages and increasing of the energy prices, while the British pound is still depressed by the Brexit voting consequences.
WTI came under pressure to be trade near $48.15 per barrel during the beginning of the Asian session, after API figure has show rising by 4.5m barrels.
While the energy market is waiting today for EIA Crude Oil Stocks change to show rising by only 2.8m barrels after decreasing by 0.237m barrels in the week ending on Mar. 10 drove the total inventory down to 528,156 from 528,393 a week earlier.
However the prices are still boosted by Saudi Energy Minister Mohamed EL Faleh's comment that the OPEC could extend its agreement to reduce output, if stockpiles remain above the five-year average.
After the Mohammad Sanusi Barkindo The General Secretary of the Organization of the Petroleum Exporting Countries has previously said the same in London oil Forum last month.

With this risk aversion sentiment, The gold kept its ascending pace up in its fifth day above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading 1201.
After the gold had formed a higher low at $1195, above its previous low which has been formed on last Jan. 27 at $1180.53 which has previously formed above last Dec. 15 bottom at $1122.85.
The Gold is now above its daily SMA50, after surpassing its daily SMA100 but it is still under pressure over longer range by being below its daily SMA200, as it formed a peak with meeting with it on last Feb. 27 at $1263.83.
XAUUSD daily RSI-14 is referring now to existence in a higher place inside the neutral region reading now 62.353.
Also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the overbought region above 80 at 95.245 leading until now to the upside its signal line which is at 92.333.

Important levels: Daily SMA50 @ $1222.38, Daily SMA100 @ $1206.78 and Daily SMA200 @ $1260.95
S&R:
S1: $1195.80
S2: $1180.86
S3: $1145.82
R1: $1263.83
R2: $1292.87
R3: $1336.53


Have a good day

 


Kind Regards
Global Market Strategist

Walid Salah El din
E-mail: mail@fx-recommends.com

 

 

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