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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 expectations about cutting EURO deposit rate by 0.25% to be zero and also LTRO3 on the 4th of July 2012

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

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

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

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

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

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

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

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

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

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

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

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 the slide of the US major stocks indexes on 4/8/2014

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 treasuries yields and the equity market  correction on 16/10/2014

 

 These interviews at CNBC Arabia were in Arabic.

 

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31/10/2014 - The Current Market Sentiment "The gold has started finally trading times beneath $1180 area"
 

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The leg which has started on Oct. 21 at $1255.20 per ounce looked serious from its beginning as a lower high below $1245 per ounce which came also after 1392.20 below 1433.70 per ounce which has been reached on Aug. 28, 2013, after forming a floor of the triangle at $1180.30 on June 28, 2013.
This floor has endured previously retreating to $1182.45 at the ending day of 2013, before carrying the gold up from $1183.15 which has been reached on Oct. 6 to $1255.20 per ounce whereas it has managed to dive its leg below this floor triggering more stop loss orders of the buyers leaving the gold exposed to increasing downside momentum and now in the case of sinking further, it can meet supporting level at $1156.7 per ounce which has supported it previously on Jul. 25, 2010, before 1185.35 which can be followed by $1044.20 per ounce before the psychological level at $1000 per ounce.
While rising up again can be for fixing the current oversold stance and for testing $1180 area as a resistance, while going up further can be met by the psychological level at $1200, before 1235.58 which can be followed by 1255.20 again
The gold has been already depressed by the Fedís decision to end the QE3 plan last Wednesday unfazed of the rising expectations of watching lower inflation levels in US with the recent greenback appreciation and falling of the energy prices, while EU struggling economy which can shrink in the third quarter can export lower prices to US.
So, the demand for gold as mirror of inflation has dropped significantly.
From another side, the risk appetite could return to the markets bringing the US treasuries yield up making the gold less attractive as a safe haven versus the greenback and the US treasuries which are exposed to have higher yields with returning to normalized monetary policy in US as the economy can withstand it with ďa range of labor market indicators suggests that underutilization of labor resources is gradually diminishingĒ as the Fed said.
After Wednesday FOMC meeting the greenback has not just been supported versus the gold but it has been supported across the globe versus the rival major currencies.
While the Japanese yen was doing the opposite because of BOJ surprising decision to widen its monetary base to 80tr yearly from what is from 60tr to 70tr has been adopted in the first half of 2012 has been till the end of 2014 initially for reaching 2% yearly inflation goal.
While BOJís favorite inflation gauge which is CPI Ex-Fresh Food came today to show yearly rising by 3%, after surging by 3.1% in August thanks to the rising of the sales levy in the beginning of last April to 8% which is in the same time forming pressure on the consuming spending in Japan and causes continuous falling of the overall household for the sixth consecutive month yearly, as the figure of September came today to show another slide this time was by 5.6% year on year suggesting a probability of watching further GDP shrinking in the third quarter, after shrinking by 7.1% y/y in the second quarter following GDP growth by 6.1% in Q1.

 

 


Kind Regards
FX Market Strategist
Walid Salah El din
E-mail: mail@fx-recommends.com

 

 

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