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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.

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27/6/2017 - "USDCAD 1.3200 supporting area can be in check "
 

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The greenback is looking depressed ahead of the release of important US inflation data by the end of this week, While the market are waiting today for Yellen's speech from London looking for new clues of the US monetary policy.
After The FOMC members maintained their median expectation of having another 0.25% hiking by the end of this year.
The committee underscored its appreciation of the current inflation pressure easing down in its released assessment.
The committee expected the inflation rate to continue to be in the short run below its 2% yearly inflation target, before stabilizing around this rate over the medium term as it targets.
The committees expected the inflation rate to be at 1.6% this year down from 1.9% it's expected in March, but it kept its forecast for 2018 and 2018 at 2% yearly as the same as its median term inflation target expecting the GDP annualized growth rate to be by 2.2% this year from 2.1% it expected in March.

So, the release of Apr US PCE which is the Fed's favorite gauge of inflation is expected to take much of the market attention by the end of this week, after it had shown rising by only 1.7% yearly in March.
While US GDP final figure of the first quarter is expected to show next Thursday annualized growth by 1.2% as the same as the second reading, after the shocking preliminary reading of it had shown previously growth by only 0.7%.

UST 10 YR yield is now well below 2.15% at 2.13%, while EURUSD managed to stand well above 1.12 this morning, after The ECB president Draghi had said today that the economic growth in EU is broadening but the prudence in adjusting the monetary policy is still needed.

The sentiment in the European session is not running well, after EU Commission imposing of $2.7b fine against Google and following campaigned slide of equities in HK market during the Asian session.
While the markets in the American session is expected to be undermined by charging the Brazilian president Tamer with corruption exposing Brazil to further political instability.

CAD is now underpinned by the oil prices rebound too, after it had been already boosted by rising odds of having sooner than later increasing of the borrowing costs in Canada.
After BOC senior deputy governor Wilkins's previous comment that the economic growth continues to broaden by ideally and there will be assessing of all placed stimulus measurement to see, if they are still needed.
USDCAD 1.3200 supporting area can be in check with persisting of this current market sentiment, while WTI is close but below $44 per barrel ahead of US EIA crude oil inventory release of the week ending on Jun. 23 tomorrow.



Have a good day

Kind Regards
Global Market Strategist

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

 

 

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