Jameel
Ahmad
PROFILE:
• Current Job: Chief Market Analyst at ForexTime (FXTM)
• Career: Worked as strategic research analyst for an international brokerage firm. Holds a BA (Hons) degree in Business Studies with Accountancy & Finance from the University of the West of England, Bristol, UK
View profile at FXStreet
Last week Jameel Ahmad, Chief Market Analyst at ForexTime (FXTM), visited our office in Barcelona and we conducted a special edition of our Conversations with Forex Experts with him.
Jameel predicts slow motion on the Fed rate hike pace and weighs the probable effects of a Greek deal: “other anti-austerity parties may want to run at politics and negotiate their own bailout programs”. He also limits the EURUSD upside to USD weakness.
The conversation brings us to the Aussie: “RBA's rate cut was the second biggest surprising move this year behind the SNB peg, and they will probably cut rates again this year”, forecasts Jameel. He also gives the long-term prospects on the GBPUSD and USDJPY and spots a key support level on the oil prices that, if taken, may awake some bears.
Play the video to watch the full interview.
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.