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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.

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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19/9/2019 - The Fed drove Gold down below $1500 per ounce

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BOJ preferred today to not join the central banks easing chorus sending USDJPY down during the Asian session to be traded close to 107.80, after reaching 108.47 following the widely expected Fed's decision to lower its fund rate by 0.25% again, scoring its first back to back cut since 2008.
Following this decision which was not taken unanimous again as 2 members were preferring no cut, The Federal Reserve Chairman Jerome Powell mentioned in the beginning of his press conference that The decision has been taken today as "insurance against ongoing risks" not as “mid-term policy adjustment” as what he said following last July 31 meeting when he warned against expecting long U.S. monetary easing cycle.

Fed projections have shown that 7 of 17 officials saw the need for further 0.25% cut by this yearend and no forecast for more than one rate cut this year shocking who were looking forward for more cuts this year. The projections were good news for UST 10 yr yield which rose above 1.80%, while gold retreated to $1484 per ounce, before stabilizing near $1490.

The Fed has taken also an action to fix the recent volatility in US money markets by lowering The interest rate on excess reserves by 0.30% to improve the market functioning .
Powell said “If we experience another episode of pressures in money markets, we have the tools to address those pressures,” putting the option of widening the balance sheet back again on the Fed's table, when it is to look for sustaining the expansion, boosting the inflation rate, combating the lingering headwinds of weaker global growth and against the current higher geopolitical uncertainty,

Powell assured on The Fed's acknowledge of the current strong labor market and consumption, but it is still worried about investment, exports and the current clearly muted inflation rate which is expected to rise later to The Fed's 2% yearly target.
The Powell indicated that There’s no monetary policy preset course and the Fed is to remain dependent on data, But if the economic expansion is to falter after growing by 2.5% in the first half, the Fed is “prepared to be aggressive” and “more extensive sequence” of rate cuts could be appropriate to stimulate the economy and boost inflation which was up in July by only 1.6% y/y based on the Fed’s preferred gauge PCE.


XAUUSD Daily Chart:



After sliding from its formed peak at $1557.03 on Sep. 4, XAUUSD is still showing ability to stand close to $1500 per ounce psychological level in its eleventh consecutive day below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today $1520.
XAUUSD is still keeping existence above its daily SMA50 and it is still underpinned over longer range by continued existence above its daily SMA100 and its daily SMA200.
The daily chart of XAUUSD shows that its RSI-14 is now inside its neutral area reading 47.986.
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 34.638 and leading to the upside its signal line which is reading now 32.075, after positive crossover inside the oversold area below 20.

Important levels: Daily SMA50 @ $1481, Daily SMA100 @ $1409 and Daily SMA200 @ $1351
The Closest Experienced S&R:
S1: $1479.93
S2: $1381.80
S3: $1319.61
R1: $1557.03
R2: $1616.62
R3: $1697.10


Have a good day


Kind Regards
Global Market Strategist

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

 

 

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