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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 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

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For watching more results of 2012, you can click here

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21/6/2015 - The current EU/Greek stance itself is a crisis
 

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After having hair cut in harder critical situation in 2012 amid the debt crisis increasing worries hitting the European economy, The economic situation now is easier.
The pressure on EU Fin Ministers is non pretty much lower with current imposed ECB's QE which provides the required help to Spain and Italy, after both of them refrained from asking for rescue plan halting the activation of OMT rules on them.
So, why is this consolidation between Greece and EU?!
It is seriously required now from the ECB to show that it can widen its QE to contain any sack of liquidity in EU. It can show also that its ELA can be to any country in EU to press down the cost of borrowing.
The ECB should restore confidence in EU Economy which can be now by higher cost than what can be submit to Greece to end this unwanted problem.
Cutting Greece off EU or directing it to do cannot cap the political changes which can be in Spain or Italy whereas the main source of worries.
The EU Economy which could hardly get rid of the deflation stance in April and May can be in need of showing that it has enough liquidity and credible situation to get through the crisis with no credit crunch can raise the single currency value to press the EU economy down again into deflation.
Greece has also achieved remarkable progress and it can return to full access to the bond markets and also adopt the ECB's QE by obeying to EU can press down its sovereign debt yield.
After Feb. 20 EU preliminary acceptance of offered Greek list of financial measurements Greek 10YR bond yield has fallen below 9% but it rose later to surpass 13%.
With this current consolidation, Greek 10YR bond yield can easily surpass 15% and that yield rising is hard to be for the Greek bonds yields only but it can raise also the yield curve in all EU high-indebted countries and also it can raise the yields of other high debt ailing economies across the globe like Argentina.
This dovish market sentiment can push the credit rating agencies to change their evaluations of many countries. UK's credit rating has been actually downgraded from stable to negative by S&P.
In the same time, there can be increasing demand for bonds of funding countries having high stable financial in EU like Germany and also France as long as there is no signal from them of having difficulties because of the crisis which is expected to cause relatively high volatility in the next days by God's will.
While the referendum is mostly expected to be by Tsipras's anti-austerity situation, as what had been seen before in 2011 when the Greek PM George Papandreou decided to call for referendum on austerities measurements before canceling that referendum on Nov. 3, 2011.
EURUSD could contain the opening gap of the week by rising above 1.1172 reaching 1.1278 after falling to 1.0954 in the beginning of the week on the capital control announcement in Greece.

EURUSD is now moving with its hourly 20-SMA above its hourly 50-SMA and its hourly 100-SMA but below its hourly 200-SMA.
Over the daily chart, the pair is now above its 50-SMA and its 100-SMA below its 20-SMA and also is below its 200-SMA which is moving now below the extended trendline resistance from 1.3993 to 1.37.
The pair daily Parabolic SAR (step 0.02, maximum 0.2) is reading today 1.1380 in its sixth day of continued existence above the trading rate reflecting the pressure which has been put over the pair recently, after easing of the upside momentum by forming second high at 1.1437 below 1.1466 high of last May. 15
The pair daily RSI-14 is nearly in the neutral territory reading now 49.076 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line now in the neutral region reading 56.168 and also signal line is in the neutral region reading 39.480, after holding above the oversold area below 20 by rebounding from 1.0954.
God willing, EURUSD can meet in the case of rising above 1.1278 which stopped it yesterday, before meeting another resistance at 1.1437 below 1.1466 which could stop the pair rising on last May. 15 and it can be followed by facing 1.15 psychological level which can fall to pave the way for testing higher resistance by 1.1533 which can be followed by Pre-QE rates above 1.16, before meeting another resistance at 1.1679, which can be followed by 1.1870, before 1.1975 which can fall to open the way to psychological resistance at 1.20.
While the falling from here can be met by facing 1.10 psychological level which can be followed by 1.0954, before 1.0818 which could stave off the pair falling on last May. 27. The falling below it can be faced by supporting level at 1.0658 before 1.0520 which could prop the pair up on last Apr. 13 to form higher low above 1.0462 which capped the pair falling on last Mar. 13.


Have a good day

 


Kind Regards
FX 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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