Your Fund Manager     Your FX consultant     Your Trading Trainer    Contact Us     Home Page

FX Recommends

We were one of the first Websites to represent FX trading consultancies and FX management services.

We represent our services with a simple style trying to help the beginners too.

As 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.

Walid Salah El Din's description of the current market sentiment trading in Arabic on 11/1/2016  

 

Some T.V meetings with Walid Salah El Din:

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

 

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

 

You can send your request for FX-Recommends market commentary to  mail@fx-recommends.com

24/4/2017 - "Macron's leading could support the single currency"
 

 Subscribe in a reader



The Centrist Emmanuel Macron leading by 23.87% of the votes could underpin the common currency in the beginning of the week driving it to 1.0908 which is its highest level since last Nov. 11, before setting back for trading currently near 1.0850.
It has been widely expected to watch Macron and Marine Le Pen in the final but Macron leading in this preliminary phase could give the single currency momentum.
What is widely expected now is to see on May 7 runoff a repeated case of what has happened in 2002 to drop down the far-right nationalist radical candidate Marine Le Pen for keeping France core country in EU.

The French presidential results could drive the investors to load risky assets in the beginning of the new week driving the low yielding currencies down such as the Japanese yen to watch USDJPY trading close to 110.50 supporting the Japanese exporters shares in the first Asian session of this week.
The demand for gold as a safe haven has eased down driving it to be traded around $1270 per ounce having its first existence since Apr. 10 above daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1295.46.
The yields in the US money market rose also in the beginning of this week giving support to the greenback to watch now US 10yr yield near 2.31%, after it had fallen last week to 2.17% amid risk aversion sentiment.

The market eyes will be closely next on the fiscal situation US which can face a new governmental shutdown, in the case of congress refusing of the Governmental bill by the end of this week.
This is not far away from happening, after the failure of passing Trump's health care bill, while the US government efforts to reach acceptable plans to reform taxes are still on.
U.S. Treasury Secretary Steven Mnuchin has said last week that these plans have progressed supporting the risk appetite.
Mnuchin 's comments could prop S&P 500 up to get back 19.74 points last week, after it had been depressed by energy companies shares slide, as EIA data has shown U.S. gasoline supplies increasing for the first time since February with continued crude output rising.
WTI is still unchanged trading well below $50 per barrel near $49.80, after reaching $49.18 by the end of last week.
Baker Hughes weekly report came by the end of last week to say that US Oil Rigs rose for the 14th consecutive week adding this time 5 rigs to reach 68 which is the highest level since April 2015.

The Markets will be waiting by the end of this week for the flash release of US GDP which is expected show annual growth by 1.5%.
After the Fed's Beige book has underscored last week that "The economy continued to grow across the U.S. at a modest-to-moderate pace in recent weeks without a rapid pickup, as a tight labor market helped broaden wage gains, though consumer spending was mixed.
 


After forming series of higher lows above 1.0339 which has been reached on the third day of this year to be the lowest level since December 2002, EURUSD could form a second bottom at 1.0681 last Friday.
EURUSD could form an upside gap in the beginning this new week to reach 1.0908 surpassing its previous resistance at 1.0905 which has been formed on last Mar. 27, before diminishing to for currently near 1.0850.
Despite retreating to 1.0850, The pair is still keeping the place it gained above its daily SMA200
EURUSD daily RSI-14 is referring now to existence inside the neutral region reading 65.645.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region at 71.130 leading to the downside its signal line which is at 73.931, after sliding from 1.0908.
EURUSD is in its eighth day of existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0619.

Important levels: Daily SMA50 @ 1.0658, Daily SMA100 @ 1.0622 and Daily SMA200 @ 1.0818
S&R:
S1: 1.0681
S2: 1.0569
S3: 1.0494
R1: 1.0908
R2: 1.0953
R3: 1.0000


Have a good day

Kind Regards
Global Market Strategist

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

 

 

Note : Not Walid Salah El Din nor FX recommends accepts any liability for any loss or damage what's ever that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in these trading recommendations. please read the disclaimer

Important Link:   

      

Your Fund Manager     Your FX consultant     Your Trading Trainer    Contact Us     Home Page

 

Copyright (c) 2002 Walid Mohamed