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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 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.

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12/7/2018 - The Greenback is still able to hold its gains

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The greenback is still able to keep what it gained yesterday against its rivals on continued trust in the interest rate outlook differential boosted by higher than expected surging of US PPI in June by 3.4% year on year, while the market was waiting for increasing by only 3.2% and rising by 3.1% in May.
The data came to fuel the interest rate outlook ahead June US CPI release today which is expected to show soaring of the broad figure by 2.9% and of the core figure by 2.3%.

Despite The US blue chips dovish closing on growing worries about the trade tensions escalating, The Asian session watched Nikkei 225 rising by 275 points until now to hover above 22200 level.
As USDJPY breaking out of 111.50 resisting area could help the main Japanese exporters shares to easily shrug off Trump's highlighting of the probability of imposing new levies on $200b of Chinese imports.
USDJPY broke during the US session 111.50 resisting area which could hold previously on last May. 21 and it is now trading near 112.30, after increasing of the upside momentum had been triggered by stop selling orders.

EURUSD has found no way but to the downward again, after short lived existence above its daily SMA50, while the comments which come out from the ECB members are still unclear about the interest rate outlook in EU which is looking more worried about the negative impacts of the Trade War.
The ECB shown uncertainty and cautiousness can keep the pressure on the common currency in coming period with no clearer communication from the ECB about a closer interest rate hike, as it seems to most of the market participants currently very lagged and slow behind the Fed.

While GBPUSD looked this week more vulnerable to the downside on increasing political concerns, after the resign of Boris Johnson from being a foreign secretary in May's conservative government following the resign of Brexit Minister David Davis on rising discrepancies on the Brexit talks.
Boris Johnson was not only the foreign secretary, he was also the one who gathered considerable momentum to the Brexit when he was the Mayor of London defying The Former British PM David Cameron.
While the probability of taking the lead of the conservative party by Boris Johnson won't lead to anything but a hard Brexit.

Even USDCAD which has dipped down to 1.3063 on BOC decision to raise rate by 0.25% to 1.5% rose again to be traded now near 1.32, after BOC chief mentioned that going on in the tightening path is to slow down on trade risks.
Poloz assured on that none of the monetary policy decisions was a reaction to the Fed's tightening actions.
The CAD has been also negatively impacted by the oil price losses on growing concerns about close ending of OPEC and non-OPEC deal, after OPEC decision last month to raise production by 1m bpd starting from July giving non OPEC producers enough excuse to raise production too.
The US foreigner Secretary Pompeo has affected negatively also on the oil prices by his talking about US looking into excuses from oil importers from Iran, after he was talking previously about targeting lowering Iran oil exports to zero.
It looks that WTI standing above $70 per barrel can be in check in the coming hours, Despite the unexpected falling of US EIA crude oil inventory in the week ending on Jul. 2 by 12.633m barrels, while the median forecast was referring to retreating by only 4.489m.



Have a good day

Kind Regards
Global Market Strategist

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

 

 

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