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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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15/8/2017 - "GBP is undermined by lower than expected inflation pressure in UK"

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The risk appetite could find its way back to the investors as the worries abated about the conflict between North Korea and US.
The gold lost momentum trading now close to $1275$ and UST yields rose again making USD much more attractive with increasing demand for risky assets drove the US blue chips up again.

The Japanese yen came under pressure as a low yielding funding currency sending USDJPY to be trading close to 110.50, after steep falling to 108.73 last week amid the tensions between US and North Korea, following Trump's "Fire and Fury" comment.

The inflation data of Jul came out from UK today telling about weaker than expected inflationary pressure over the producing level and also the consuming level lowering the odds of watching tightening of BOE's monetary policy this year.
UK CPI rose by 2.6% YOY in July as the same it did in June, While the consensus was referring to increasing by 2.7% and also the core figure excluding food and energy rose by 2.4% yearly as the same as June, while the median forecast was pointing to rising by 2.5%.
While UK input n.s.a price index rose yearly in July by only 6.5% and the anticipation was referring to increasing by 7% which is the weakest yearly rising since July of last year and also the sixth consecutive month of watching deceleration of this pace reflecting the impact of the cable recent appreciation toward 1.30 psychological level.
GBPUSD retreated to be trading now close to 1.29 which has not been seen since 13th of last month.

The markets will be waiting next for the release of US retails sales figures of July to know more about the consuming spending in US.
July US Retails sales are expected to rise by 0.4% monthly after shocking retreating in June by 0.2%.
 


GBPUSD is now trading below its daily SMA50, but it's still supported over longer term by keeping existence above its daily SMA100 and its daily SMA200.
GBPUSD is now in its day number 8 of continued being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.3149, after forming a top at 1.3265 on Aug. 3.
GBPUSD daily RSI-14 is now referring to lower existence inside the neutral region reading 41.338.
GBPUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line at 26.672 in intersection with its signal line which is reading 25.178.

Important levels: Daily SMA50 @ 1.1283, Daily SMA100 @ 1.1017 and Daily SMA200 @ 1.0849
S&R:
S1: 1.3031
S2: 1.3265
S3: 1.3444
R1: 1.2589
R2: 1.2365
R3: 1.2226


Have a good day

Kind Regards
Global Market Strategist

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

 

 

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