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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 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

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For watching more results of 2012, you can click here

 

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11/9/2017 - "The risk appetite could be boosted in the beginning of the new week"

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The risk appetite could be boosted in the beginning of the new week, as the weekend did not carry new ballistic missile test from North Korean which celebrated its national day last Saturday, while Hurricane Irma has been downgraded to level 2, after its landfall on Florida yesterday.
The Japanese yen has been well-buoyed as a low yield financing currency sending USDJPY up to 108.50 area underpinning the demand for Nikkei 225 major exporting companies in the beginning of this new week, after slippage to 107.31 by the weekend weighed down on the demand for equities.

The gold retreated below $1340, after reaching by the weekend $1357.52 which has been its highest reached level since Aug. 16, 2016 on the rising odds of having no more interest rate hiking this year amid the current lower than expected inflation pressure in US and the outcomes of the hurricanes which hit it strongly this year.

While it seems that Trump can find his way to intersect into the monetary policy too, after receiving last week The Fed's vice president Stanley Fisher's resignation letter.
Trump is planning for replacing The Fed's Chief Yellen who is to end her term next February, While the current strongest candidate for taking her place is the National Economic Council director and President Donald Trump's top economic advisor, Gary Cohn who tried recently to revive the hope of reflation by saying that he expects tax reforms to be passed this year denying his intention to resign over Trumpís reaction to riots in Charlottesville.

It's well known that Trump is not in favor of strong dollar and prefers weaker dollar for supporting the exporting activity and lowering the imports volume for raising the capacity utilization and the demand for jobs in US.
The current United States Secretary of the Treasury under the Trump administration Steven Mnuchin said it clearly earlier last month that "a weaker currency is somewhat better for trade".

The markets will waiting later today for the UN security council voting for imposing new sanctions against North Korea and also its trading counterparts, while it looks that the Russian side is more reluctant this time to accept this projection, as it adds more pressure on North Korea which can go forward unfazed of UN as usual with more desperation of reaching a diplomatic solution as the Russian president Putin indicated last week.
While The US administration is still raising the pressure on China to cap the North Korean plans believing that the clue to solve this problem is in the hand China which said it is to accept imposing new sanctions, if these sanctions are to lead to diplomatic solution.
 


USDJPY opened the new week on an upside gap at 108.10, after closing last week at 107.52 following dipping to 107.31 last Friday which is its lowest recorded level since last Nov. 14.
USDJPY reached 107.31 after watching increasing downside momentum following breaking its key supporting level at 108.05 which could prop it up on last Apr. 17.
USDJPY is still trading well below its daily SMA50, its daily SMA100 and also its daily SMA200 in its fourth day of consecutive being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading 110.33 today.
USDJPY is still exposed to forming a lower high to resume this descending channel, after failing to get over 111.04 resisting level forming a lower high at 110.67 at the end of last August.
USDJPY daily RSI-14 is referring now to existence inside its neutral territory reading 41.030.
USDJPY daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral region at 27.223 leading to the upside its signal line which is lower in the same region at 23.664 after bottoming out above the oversold area below 20.

Important levels: Daily SMA50 @ 111.16, Daily SMA100 @ 112.32 and Daily SMA200 @ 110.33
S&R:
S3: 107.31
S2: 106.03
S3: 104.96
R1: 110.67
R2: 111.04
R3: 112.20


Have a good day

Kind Regards
Global Market Strategist

Walid Salah El din
E-mail: mail@fx-recommends.com

 

 

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