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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 Greenback and The Precious Metals on 3/1/2019 at Skynews Arabia

Walid Salah El Din's talking about Metals and Currencies on 27/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The FOMC meeting outcome on 20/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The G20 meeting outcome on 3/12/2018 at Skynews Arabia

Walid Salah El Din's talking about The precious metals on 18/11/2018  at Skynews Arabia

Walid Salah El Din's talking about Gold on 6/11/2018 full meeting at Skynews Arabia

Walid Salah El Din's talking about The Crypto Currencies on 4/1/2018 full meeting at CNBC Arabia

Walid Salah El Din's talking about Bit coin on 9/12/2017 full meeting at Skynews Arabia

Walid Salah El Din's talking about Bit coin on 30/11/2017 full meeting via a Facebook link

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #1

Walid Salah El Din's talking about Bit coin on 30/11/2017 part #2

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

For watching what's running now click here

For watching more results of 2012, you can click here

 

You can send your request for FX-Recommends market commentary to  mail@fx-recommends.com

10/1/2019 - The Gold is still looking shining

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The US dollar could pare some of yesterday losses which have been spurred by series of dovish comments from the Fed officials.
EURUSD is now trading near 1.1520, after reaching 1.1569 and the pair is still well-exposed to testing of 1.15 psychological level as a supporting level has been forming previously resistance in front of the pair on last Nov. 7.
St. Louis Fed Governor James Bullard warned about the growth downside risks, if the central bank is to keep raising the Fed Fund rate, Bullard has said previously on last Dec. 7 that The Fed should pause this current tightening cycle.
Atlanta's Bostic asked for patience for evaluating the economic risks clearly saying that The Fed doesn't need to 'keep our foot on the gas pedal' anymore.
Cleveland Fed Governor and last year FOMC member Loretta Mester said that the central bank could stop hiking rates this year, if inflation doesn't rise adding that "The economy is going to be telling us where we are". she indicated also that the Fed could later reconsider its rate hike projections which were referring to more 0.25% hikes this year following last Dec. 19 meeting she joined when it decided to raise its fund rate for a fourth time in 2018 lowering its rate hike projection for 2019 from 3 it expected last September to only 2.
While Fed chief Governor Jerome Powell assured on that "data dependency" working principal indicating that the Fed may change its course, if data are not to be in consistency with The Fed's projections in 2019

The released Minutes of The FOMC meeting on Dec. 18 and 19 have shown that the members raised rates as there are some crosscurrents with some signs of economic softening but that anyway have not fundamentally altered the outlook.
The Committee said that risks to the economic outlook are "roughly balanced", vs. the "appear to be balanced," statement it was saying before.
The Fed expected US GDP annual growth to slow down to 2.3% in 2019 from 2.5% it was expecting following last September meeting, expecting the inflation to edge lower below its 2% PCE yearly target, after it has been seeing probability of rising above this level in 2019 last September.
The Fed's message was the first dovish signal following hiking rate but most of the markets participants have not seen it dovish enough amid the current equities sell off.

It was a must to see the Fed praising the economic current stance, the labor market performance, after hiking the interest rate again. this was the best they can do for equities after raising rates again.
It cannot tell about rising of the economic downside risks. So, it raised rates!
This cannot be expected with a decision of hiking the interest , but the days passed and the Fed's governors did not waste a chance without telling about revising of their projections and the probability of halting rates for a while.
I see this is the best they can do for equities with no materialized released data yet warning about economic setting back and we have seen by the end of last week how Dec Labor report was telling that the Fed was right to far extent amid rising of the wage inflation pressure has been the strongest since April 2009 and upbeating Jobs adding out of the farming sector was the highest since last February.

This current market sentiment is surely favorable to The precious metals and their buyers who are looking for hedge against inflation, risk aversion demand or topping of the tightening cycle.
The palladium is now near all times high it recorded yesterday at $1341.91 per ounce and Gold is trading closer to $1300, while the industrial metals are still suffering from the woes of lower global economic expectations.
As the Fed is looking to respond positively to Wall Street Equities investors who are asking for lower interest rate outlook the Fed has already shown driving down UST yields putting pressure on USD.
In some selloff times, they dared to ask for immediate halting of this current tightening cycle, despite the main street economic activity which is still running well fueling inflation.
It is not expected now from Jerome Powell to say any more that "equity volatility is only one of many factors that the Fed takes into account", after the Fed conflict with the market and Trump who became more eager in ending his conflict with China over trade to reach a deal can boost equities, after continued blaming from his side to the Fed which eroded his reflation plans effects by keeping raising rates causing Equities slump.



XAUUSD Daily Chart:




The gold is still trading now close to $1290 per ounce, After facing difficulty to surpass $1300 psychological level, following forming series of higher lows drove it higher above its daily SMA50, its daily SMA100 and its daily SMA200
XAUUSD is trading now in its day number 16 of consecutive being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today $1279.
The daily chart of XAUUSD shows that its RSI-14 is now inside its neutral area reading 66.702 coming down from its overbought area above 70.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral territory reading 57.971 and leading to the upside the signal line which is lower in the same region at 53.469, After positive crossover inside the neutral region by stepping on $1276.65 per ounce.

Important levels: Daily SMA50 @ $1242, Daily SMA100 @ $1224 and Daily SMA200 @ $1249


The Closest Experienced S&R:
S1: $1276.65
S2: $1253.46
S3: $1232.95
R1: $1298.61
R2: $1309.33
R3: $1325.91



Kind Regards
Global Market Strategist

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

 

 

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