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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 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.

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18/3/2015 - The Current Market Sentiment " The Fed's patience end can put the gold under more pressure"


 

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The gold has resided for trading near 1150 per ounce waiting to know an end of the Fed's patience, after it came under increasing down side pressure following the release of US Feb labor report.
The yields of the US treasuries could be boosted following that figure which raised the roof of the interest rate outlook this year lowering the attractiveness of the gold which can suffer further with raising rates in US.
however the falling of the inflation upside risks in US is still forming a block in front of the Fed capping it from raising the interest rate for the first time since 2006.
PCE which is the favorite Fed's gauge of the inflation has increased merely by 0.2% year on year in January, while the Fed's target is 2%, as a result of the continued slide of the energy prices with greenback appreciation in the recent 9 months.
So, taking a decision to hike the interest rate now in US can send this gauge to the negative territory raising the threat of deflation again, while the growth pace in US is easing down.
From another side and despite the continued improvement of the US labor market, the wage inflation pressure is still tame, while the industrial activity was slowing down in the recent few months with weaker than expected consuming performance, despite the greenback appreciation which raise the confidence in spending.
So, the Fed can maintain its patience stance waiting for rising of the economic activity can raise the inflation expectation and can endure further greenback appreciation can be resulted from a decision to raise the interest rate.
The Fed has highlighted in its recent meeting its appreciation of the inflation downside risks which is mainly due to the energy prices slide which is still on until now.
So, even if there is to be a decision this year for raising rates in US, this is required to be with better inflation outlook with inflation level not near the zero level as what we are currently.
Hiking the interest rate in US can be also by a gradual pace taking use of the low inflation level which can be a reserve to the Fed for having a leeway for pausing time in the future without continued hiking to give the economy any needed period for support with no worries about the inflation.
After 18 meetings of saying that it will keep the interest rate at the current exceptional low level for considerable period of time, The Fed has decided last December to replace that sentence by being patience before having normalized monetary policy and the Fed's chief Yellen has come out to figure out saying that is meaning that there is no hiking yet in the next 2 meeting.
In her testimony before the senate banking committee, she has underscored that there will be omitting of this patience figure for providing forward guidance before hiking but she has not said when that to happen.
while the odds rose recently for hiking, as the recent time the Fed has told that it is patient was in the beginning of 2004 before entering a cycle of raising rates in June 2004.



 


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

 

 

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