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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.

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27/7/2017 - "The US Treasuries yields reacted negatively to the FOMC's relatively soon"

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Unanimously, the FOMC members have taken their decision to keep the Fed fund rate unchanged between 1% and 1.25% referring to relatively soon reduction of the Fed's balance sheet.
Nearly all of the markets pundits have seen in this signal paving for the decision of unwinding next meeting on Sep. 19-20 to be enact starting from the third quarter of this year
The Fed which refrained from giving a clearer message about its $4.5 trillion balance sheet has mentioned in its statement following last Jun. 15 meeting that it is currently expecting to begin implementing a balance sheet normalization program this year, as the economy evolves broadly as anticipated.

The unwinding plan will start by $10 billion a month cap "$6 billion from Treasuries and $4 billion from mortgage-backed securities", before rising every 3 months by this same scale, until the caps amount reach $30 billion of US treasuries and $20 billion of MBS.

The FOMC assured on the current low inflation pressure which made it in no rush to raise rates giving further boost to the labor market which did not aggregate enough wage inflationary pressure.
The FOMC has mentioned this time that it will be monitor closely the inflation developments.

After The FOMC underscored its appreciation of the current inflation pressure easing down in its released assessment following last June meeting, when it 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.
Last June the committee 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 2019 at 2% yearly.
May US PCE broad figure and also core figure rose by only 1.4% year on year, while the Fed's target over the medium term is 2% yearly.
The PCE is the Fed's Favorite inflation barometer and it is to be released about June next Tuesday.
While the markets focusing will be next Friday on the release of Q2 GDP which is expected to show annualized growth by 2.6% after 1.4% expansion in the first quarter.
The FOMC expected last June 2.2% annualized GDP growth rate this year from 2.1% it expected in March.

UST 10YR yield retreated again below 2.30%, after rising last Tuesday to 2.35% level, as The US treasuries yields have reacted negatively to this new reference by the FOMC which pushed the greenback down across the broad raising the gold again above 1260$.
While Dow Jones and S&P 500 could keep their existence close to their all time highs, after higher than expected earnings reports of the second quarter and amid energy prices rebounding could be extended to the beginning of last June levels.
After deeper than expected falling of US EIA crude oil inventory in the week ending on Jul. 21 by 7.208m barrels to 483.415m suggesting that OPEC cut could start to take its toll on the inventories.


After the downside wave from $1296.16 engulfed the previous falling from $1292.76 to $1214.28, the gold could rebound from its higher low at $1204.85 which came above last Mar. 10 bottom at $1194.98.
The Gold could gather momentum to extend its creeping up to be traded now close to $1265, after getting over its daily SMA50, its daily SMA100 and daily SMA200, however it is still exposed to forming a lower high below $1296.16.
XAUUSD daily Parabolic SAR (step 0.02, maximum 0.2) is reading today $1236.92 in its 12th day of being below the trading rate.
XAUUSD daily RSI-14 is now referring to existence at a higher place inside its neutral area reading 63.941.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in its overbought region at 82.636 leading to the upside its signal line which is in the same territory at 81.225.

Important levels: Daily SMA50 @ $1250.19, Daily SMA100 @ $1248.69 and Daily SMA200 @ $1229.92
S&R:
S1: $1204.85
S2: $1194.98
S3: $1180.75
R1: $1296.16
R2: $1337.31
R3: $1367.25

Have a good day

Kind Regards
Global Market Strategist

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

 

 

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