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 Crypto Currencies on 4/1/2018 full meeting at CNBC Arabia

Walid Salah El Din's talking about Bit coin on 9/12/2017 full meeting at Skynews Arabia

Walid Salah El Din's talking about Bit coin on 30/11/2017 full meeting via a Facebook link

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #1

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #2

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

23/5/2018 - "The interest outlook is still driving USD up weighing down on equities"

 Subscribe in a reader



The gold is still forced to be traded below $1300, after the slide below this psychological level on rising of the interest rate outlook in US last week sent UST 10yr yield well above 3% recording its highest level since 2014 at 3.111%.
UST yield rising drove the borrowing costs higher in the secondary markets across the globe weighing down on the demand for risky assets at these levels.
The investors became more worried about the outlook of the US equities which are struggling to find lower geopolitical risks times to move up basing of the US economic fundamentals.
While the dollar is still boosted by the interest rate outlook differential with the other major currencies, as the doubts increased about the ability of their central banks to follow the Fed in this tightening path.

At this phase of the cycle, we see the inflation in EU is looking easing down, after EU CPI has shown decelerating to only 1.3% yearly in March to weigh down on the interest rate outlook in EU.
The inflation outlook in the beginning of this year could send EURUSD well above 1.20 by raising the expectations of having an interest rate hiking by the end of the year but now these expectations diminished.
But the single currency depreciation to the current level and the oil prices rising to these unprecedented levels since 2014 can be able rebuild another upside inflation wave to higher rate.
While the EUR can be undermined by increasing worries about the future of Italy in EU which is waiting now for Italian populist government leaded by League of the 5 stars which is eager to have large Italian debt write-down, after the austerity measurements weakened the Italian economy and dampened the political stability in it.

While the situation in UK is still looking weaker and worrying, after Governor Carney described to BBC that Brexit uncertainty could delay interest rate hiking which will be gradually.
The Brexit uncertainty is actually an important factor and it is still containing the market sentiment weighing down on GBP.
Carney's dovish comments came along with UK Q1 GDP barely quarterly expansion by only 0.1% has been the weakest since the last quarter of 2013 to weigh down on the British pound versus the greenback to be traded currently well below 1.35.

In the same in Japan, we have seen last week how its Q1 GDP shocked the markets by contraction by 0.2% quarterly and 0.6% yearly, while the consensus was referring to no change after expansion by 0.4% quarterly and 0.6% yearly in the last quarter of last year.
Meanwhile, It seems that we are to spend longer time, before having any sign of a tightening action, as the BOJ can be more eager in keeping its Ultra easing policy running with The Japanese PM Abe's "Abenomics" stimulating policy for propping up the economy and the inflation to reach its 2% yearly inflation target as well.
While Japan National CPI ex fresh foods which is the favorite gauge of inflation to BOJ came last Friday to show yearly decelerating to weakest rate since last September rising by only 0.7% in April, after 0.9% in March and 1% in February.
The Japanese yen could have the excuse to come down, however it is expected to find demand time to time on the risk aversion sentiment, as a low yield financing currency.
The JGB 10yr yield is now near 0.05%, while BOJ is still on its obligation of keeping this yield close to zero till reaching its 2% inflation yearly goal.
It was not also the same case of the beginning days of this year when BOJ decided on Jan. 9 to lower its purchases of long term bonds sparking speculations of watching closer monetary policy normalization or tapering of its QE ultra easing policy.




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