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FX Recommends

 

FX-Recommends has been initiated mainly to show the most recent free market analyses of Walid Salah El Din

FX-Recommends helps you to catch up with the current market discounting and  the change of current market sentiment to know how this change 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 mail@fx-recommends.com asking for # the first quarter of 2019 results #.

 

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8/7/2019 - The US labor market made the Fed in check

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The greenback is still able to hold what it gained versus its rival currencies last Friday following The release of June US labor report which has shown adding 224k of Jobs out of the farming sector, while the consensus was referring to rising by only 160k, after gaining in May only 75k have been revised down to 72k.
The report has shown also that the wages inflation pressure is still running by the same pace, as The average earning per hour rose again in June by 3.1% year on year, as it has been in May.
The report dampened the odds of cutting the interest rate in the near term, After The FOMC mentioned in its most recent economic assessment following its last meeting by the end of last June that it became closely monitoring incoming info to act as appropriate to prop up the economic expansion, dropping down its patience wear on the current increasing uncertainty weighing down on the economic outlook in US.
The US labor market strength is not the only reason that can hold the Fed back from cutting rates meanwhile, but also The US-China Trade talks which resumed recently and the US equities indexes which are actually at record highs can show that the Financial and Banking sector may be exposed to higher used-leverage can risk its stability.
After Trump and Xi Jinping managed in Osaka to resume the trade talks, The US Equities could be boosted, but later they came under pressure and the greenback became more attractive as the easing Trade tension between US and China erodes the hopes for interest rate cut from another side.
So, It is very important this week to listen to The Fed's chief Jerome H. Powell's testimony before Congress on monetary policy to know whether the Fed is to be courageous enough to refrain from cutting rates longer as the economy evolution is still running well, Or it is to obey and submit to Trump's demands for cut, the equities markets participants' speculations for cut, The weaker pace of economic expansion and the current lower inflation rates which is expected to be highlighted again this week with the release of US June CPI which is expected to show yearly rising by only 1.5%, after increasing in May by 1.8%.
The FOMC recent meeting was like paving for cutting the interest rate soon and that formed continued pressure on the yield curves sending UST 10 year yield to its lowest level since November 2016 at 1.95% last week, before rebounding to 2.04% on the release of June labor report.
UST yields rising made USD more attractive and weighed down on Gold which dived below $1400 by last Friday on sparked higher than expected interest rate outlook following the release of US labor report but it crept up again above it in the beginning of this week on exchanged threats between US and Iran.
Historically, The Fed does not cut rates amid higher than 150k added jobs out of the farming sector and average earning per hour rising by more than 3% yearly in the same time. These data could refer to interest rate hiking not cutting!
So, The equities markets will be in check this week, after it had been boosted recently by the major central banks tendency to easier monetary policy, amid worries about the global economic slowdown because of the US trade wars influences.
BOE chief Mark Carney warned recently about risk of protectionism can widespread slowdown in the global economy that may require policies response.
While ECB is waiting for further economic stimulating measurements ahead under its next leader Christine Lagarde who is to face also lower inflation pressure in EU to care of.
Trump nominated Christopher Waller and Judy Shelton as new FOMC members and the markets interpreted this action as a push toward easier monetary policy.
Trump named The Fed the biggest risk to the US economy in a tweet, following the fabulous release of US labor report which hints that there is no need for cutting the interest rate soon and if there is to be cutting to come, it won't satisfy his requirements.

 

EURUSD Daily Chart:



EURUSD is trading now close to 1.1215, after it has extended its decline from its lowered formed high on last Jun. 25 at 1.1412 below last Mar. 20 peak at 1.1447.
After forming this lower high, The pair dropped again below its daily SMA200 and following last Friday slide extension, it became trading below its daily SMA50, its daily SMA100.
EURUSD is now in its second day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1407, as the pair resumed the slide following consolidation close to 1.13.
EURUSD daily RSI-14 is referring now to lower existence inside the neutral region reading 42.014
While EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in its oversold area below 20 at 10.349 in intersection with its signal line which is just higher at 9.813, after sliding inside the neutral area with no negative crossover inside of it, as the previous consolidation around 1.13 was short-lived

Important levels: Daily SMA50 @ 1.1237, Daily SMA100 @ 1.1258 and Daily SMA200 @ 1.1329
Experienced S&R:
S1: 1.1181
S2: 1.1106
S3: 1.0838
R1: 1.1214
R2: 1.1447
R3: 1.1514
 


Have a good day


Kind Regards
Global Market Strategist

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

 

 

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