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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

 

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22/5/2017 - "Merkel could boost demand for the common currency "
 

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Merkel could underpin the single currency in the beginning of this new week by criticizing its strength.
Germany which has been opposing the ECB's QE is now putting more pressure on the ECB, while the economy is improving the inflation is rising up in EU.
Merkel's comments show that it is not preferred to watch the inflation rising up further with no action from ECB which can be in a critical situation.
Her comments which have given reason why the German surplus is rising can be read also as an alarm, After the data have show last week that Germany HICP and CPI of April were up yearly by 2%.
Last December, The ECB has already lowered its QE pace of buying to be Eur 60b monthly, instead of Eur 80b by the end of March, but it has extended this buying program to be till the end of this year by this new pace.
Apr EU CPI was up yearly by 1.9% as the same as the ECB's yearly target which is close but below 2%, while Apr EU core CPI rose by only 1.2% y/y which is its highest rate since June 2013.
The ECB is still explaining the inflation rising up by referring to the energy prices year on year increasing which can be transitory.
WTI average was around $30 in the first quarter of 2016, while the average of the first quarter of this year is around $50 because of implementing OPEC cut deal which is expected to be extended to the end of the first quarter of next year, after this week meeting in Vienna.

From another side, the Fed's steps to raise the interest rate are still making the investment in EU much more attractive option because of the low cost of EUR borrowing comparing with US.
UST 2yr note yield which is sensitive to the interest rate outlook over the short term is now at 1.28%, while Ger 2yr bund yield is at -0.69% showing how the ECB muteness is adding to the interest rate outlook differential.


EURUSD has watched intermediate correction into this current ascending wave to 1.1075, before extending its rising to 1.1262 which has been reached earlier today.
EURUSD has previously made limited correction to 1.0838 on profit taking, after reaching 1.1020 following Macron's winning which dampened the political concerns in EU, while the political concerns in US are still rising.
EURUSD could succeed to keep existence above its daily SMA200 since its opening gap following the first round of the French elections
Before having this current rising up momentum, EURUSD could be underpinned by 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 daily RSI-14 is referring now to existence inside the overbought region above 70 reading 72.509.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is still having its main line in the overbought region above 80 at 88.510 below its signal line which is at 90.236, but with no cutting leading to the downward yet.
EURUSD is in its fifth day of existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0902.

Important levels: Daily SMA50 @ 1.0814, Daily SMA100 @ 1.0722 and Daily SMA200 @ 1.0792
S&R:
S1: 1.1075
S2: 1.0838
S3: 1.0681
R1: 1.1299
R2: 1.1366
R3: 1.1428

Have a good day




Have a good day

Kind Regards
Global Market Strategist

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

 

 

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