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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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19/2/2015 - Clues For Gold


 

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he gold could be underpinned by the Fed's apparent care of the inflation outlook which has been undermined by lower energy prices and higher greenback value.
The recent FOMC meeting minutes could bring back the gold from trading just below $1200 to be traded now near $1216 per ounce, as the Fed has underscored care of the inflation downside risk.
UST 2YR yield lost 0.08% falling to 0.58% and also UST 10YR yield has fallen to 2.05% after it could surge to 2.13% in the first US session of this week to make the greenback less attractive versus its rivals and to make the gold well-buoyed, after it has been under increasing downside pressure following the bullish release of US non-farm payroll of January.
As The gold is now well-tied to the interest rate in US, it has reacted positively to the inflation data which could easily show that the decision of raising the interest for the first time in US since 2006 can be delayed to sometime in the second half of this year, while the energy prices can be exposed to further down side risks and the greenback can gain momentum.
The roof of the market expectations of the interest rate in US now came down, despite the continued improving of the US economy as US PCE recent figure has shown rising in December by only 0.7% year on year, while the Fed's target is 2% yearly and taken a decision to hike the interest rate in US can drive this rate much lower and boost the greenback up.
The falling of the energy prices and the appreciation of the greenback could take their toll also on the import prices which has fallen yearly in January by 8% and also on the US trade balance deficit which rose to $46.56b in December from $39.75b in November.
So, the gold will be next moving between 2 elements which are the economic activity improving in US which is still underpinning the interest rate outlook and the inflation downside risks which are still lowering that outlook.
Until we see lower economic activity can weigh down further on the inflation level and send the gold up by lower much lower interest rate outlook or improving of the economic activity in US can be enough to overcome the inflation downside risks and raise the inflation up sending the gold down by higher interest rate outlook.
As a safe haven, It is important also to mention the risk of the Greek issue which came down recently, but if it is to rise again with no new deal can save Greece in EU, there can be contagion risk in EU in need to be contained and if it is not to be contained, there can be increasing demand for Gold.








 


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

 

 

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