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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.

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14/10/2019 - Cautious optimism ahead of EU Summit

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The progress of US-China trade negotiations could boost the risk appetite sending the gold down and UST yields up, while the worries about reaching a Brexit deal before the end of this month could return again before next EU summit this week sending GBP down in the beginning of this week.
Both of US and China accepted the current possible proposals to cap the negative consequences of this trade war by halting the exchange of imposing further tariffs freezing the current ones as they are without rolling any of them back.

US equities indexes future rate could score further progress during the Asian session, while UST 10yr is still able to maintain what it gained by last weekend standing now near 1.73%, amid optimism about the US-China trade negotiations which ended to partial deal can be signed next month as President Donald Trump said.
The gold lost upside momentum by the end of last week to dive to $1473 per ounce before bouncing up to stabilize currently near $1485 per ounce, as the interest rate outlook is still forming reasonable support to it to be buoyed again.

The partial trade truce between US and China touched the top of the investors' hopes currently by capping the exchange of imposing further tariffs between the two biggest economies.
Trump will not increase tariffs on Chinese exports valued $250b this week as what was scheduled, after he could have promise from China to import large agricultural products from US.
In the same time, he is still keeping his pressure on china to cap the intellectual property thefts and raise up The Yuan exchange rate.
USD-CNY has risen above 7 since last AUG. 6 when the 2 countries decided to change further tariffs and now, it is trading near 7.05 following this deal outlines announcement, after it was trading close 7.15 level since the beginning of this month.

Trump could press on the Chinese side by listing number of Chinese technology firms on a blacklist to hold them back from dealing with US a day before that talks and he announced that he is moving ahead with discussions for restricting the U.S. government pension investments into China.
Trump looked eager more than before in reaching a deal even it is "a partial deal" he was ruling out to cap the economic and political woes around him.
After the impeachment calls from dropping him down and the manufacturing spectacular weak data of last September which have shown US ISM Manufacturing index deterioration to 47.8 in September to record its lowest level since July 2009, after 6 consecutive monthly slippages since reaching 55.3 last March.
This steep contraction of manufacturing sector which accounts for nearly 12% of the US economy and 8% of the labor market has been followed by the release of Sep US ISM non-Manufacturing index which has fallen to 52.6 from 56.4 in August, while the median forecast was pointing to retreating to 55.1 only.
The weakness in manufacturing can spill further into services sector and these cannot be "fake news"!

Oil could be boosted by the partial trade deal reached outlines and OPEC Secretary-General Mohammad Barkindo comments after meeting Alexander Valentinovich Novak Russian oil minister that members and allies will do whatever it takes to prevent further oil slide slump on the global economic weakness.
From its side, US announced that it is ready to take from its inventory to offset the shortage of the global oil supplies resulted from the attack on the Saudi Aramco company which halted half of the Saudi production and caused 1.5m bpd supply shortage last month.
WTI could rise to be traded close to $55 following his comments but now it is easing down for trading near $54.25 per barrel in the beginning of this new week.

The hopes for reaching a Brexit deal by this month could also add to the investors' risk appetite by last weekend sending GBP up across the broad underpinning the demand for British and European equities.
U.K. Prime Minister Boris Johnson tried to be easy as much as he could in his key talks with the Irish PM Leo Eric Varadkar to change his stance anyway and he could drive him to say that there may be a possible “pathway” for a Brexit deal but he refrained from offering final word about conditioned Brexit he can accept over time.

From the European side, EU's Chief Negotiator Michel Barnier could have also announced signal from the EU countries to be flexible as much as he can for reaching a deal to avoid hard Brexit damage.
But the realized change of Barnier's stance until now is that he was telling that there is no reason yet to optimism about a possible solution to the Irish backstop issue and now he is "optimistic".
The EU's Tusk set last Friday as a deadline for a breakthrough and during the weekend EU negotiators warned that Brexit plans from U.K. Prime Minister Boris Johnson are not yet good enough to be the basis for an agreement.
While Merkel is still asking for UK's acceptance for keeping Northern Ireland inside the EU's customs union and Johnson is still telling that a deal is impossible at this juncture.
The British pound will be in sake next for tangible deal not just an optimism about a deal it became priced in.

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Kind Regards
Global Market Strategist

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

 

 

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