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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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14/3/2016 - The current market sentiment "The turn is on the Fed to highlight the global economic downside risks"
 

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The ECB represented its new easing package last week for propping up inflation and supporting the EU economy versus the global economic downside risks.
But The ECB's president Mario Draghi liked to direct the markets further during the regular post-decision press conference by saying that the ECB would be moving away from interest rate cuts towards "unconventional" measures in the future adding that rates can go into unlimited negative territory to cap the expectations of using more interest rate cuts for supporting the economy.
The single currency reacted positively to his signal to rebound across the broad, after direct diving following the decisions of cutting the deposit rate by 0.1% to a new historical low at -0.4%, raising the pace of its QE buying from 60bn to 80bn a month and offering unlimited LTRO loans to banks for 4 years at near-zero cost to lower the pressure of cutting the interest rate on the banking sector.
From another side, the greenback came under pressure across the broad, as the markets participants lowered their expectations of watching new interest rate hikes in US soon and the turn is now on the Fed to refer to the negative impact of the global economic slowdown to signal longer waiting for the next tightening step, despite the US labor market continued improving.
The appetite of loading US equities could be boosted by these odds which weighed down on the demand for US treasuries in the same time driving its yields up by the end of last week ahead of this week new FOMC meeting.

EURUSD outlook improved by forming another bottom at 1.0824 above the trendline resistance extension from 1.3992 to 1.1712.
The pair daily RSI-14 is in the neutral region but close to the overbought area above 70 reading now 60.761, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is still having its main line in its overbought region above 80 reading now 85.802 keeping with its signal line which is reading now 83.856.
After last Thursday volatility the pair is now in its second day of continued existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0820.
EURUSD bouncing up to 1.1216 is still placing it so far above its daily SMA50, its daily SMA100 and its daily SMA200.

Important levels: Daily SMA50 @ 1.0996, Daily SMA100 @ 1.0915 and Daily SMA200 @ 1.1043
S&R:
S1: 1.1079
S2: 1.1000
S3: 1.0824
R1: 1.1216
R2: 1.1375
R3: 1.1491

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

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