Read the Daily Market Report from Dave Evans, Professional Trader Yen struggles on Japanese trade balance data Morning Report: 08.30 London • The yen is the main mover this morning after the Japanese trade balance deficit unexpectedly widened. The EUR/JPY is up 0.69%, with the GBP/JPY […]
Read the Daily Market Report from Dave Evans, Professional Trader Chinese economic slowdown stabilises Morning Report: 08.30 London • The main news item overnight relates to the ongoing slowdown in t he Chinese economy. Quarterly GDP came in at 7.4%. The rate is the seventh consecutive […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets reach for highs Morning Report: 08.30 London • This morning Asian stock markets hit their highest levels for five months after b etter then expected economic data and US company earnings. The US dollar index […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen weakens on intervention talk Morning Report: 08.30 London • This morning, the Japanese yen is weakening on speculation that the Bank of Japan may step in to reduce rates further. The USD/JPY is up 0.22%, […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar leads early trading as traders back off Morning Report: 08.30 London • Concerns about the slowdown in China continue to weigh on markets after Chinese PPI came in below estimates this morning. While new economies […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets look to end week off lows Morning Report: 08.30 London • This morning financial markets are mixed, with traders still wary of committing to big positions. • The NZD/USD is leading markets higher, rising 0.24% […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro drops as Spain downgraded to junk Morning Report: 08.30 London • Late last night, rating’s agency S&P downgraded the credit rating of Spain to one notch above junk. The move saw the euro drop sharply […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets wary of earnings season Morning Report: 08.30 London • This morning, financial markets are little moved as traders tread carefully ahead of major company earnings from the US. • The main winner this morning is […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets stable ahead of earnings season Morning Report: 08.30 London • This morning, financial markets are upbeat as US company earnings season starts to kick in. US stock market futures are pointing to a positive day, […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets start week on back foot Morning Report: 08.30 London • This worries about the global economy returned , with gold falling off from the highs. The precious metal is down 0.60%, with the dollar index recovering from […]
Read the Daily Market Report from Dave Evans, Professional Trader Big expectations for US Payrolls Morning Report: 08.15 London • This morning, markets are quiet ahead of the monthly lottery that is US Non Farm Payrolls. Analysts are expecting an increase in activity from last month […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rise ahead of central bank meetings Morning Report: 08.30 London • Financial markets are on the rise this morning ahead of central bank meetings for the UK and Europe. Stock market futures are rallying for […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie dollar plunges on trade balance data Morning Report: 08.15 London • There’s a negative bias in the morning’s trading after Australian trade balance came in well below estimates. The AUD/USD is down 0.56%, with the […]
Read the Daily Market Report from Dave Evans, Professional Trader Australia cuts rates to spur growth Morning Report: 08.30 London • The main mover this morning is the Australian dollar, after the RBA unexpectedly cut its benchmark interest rate by 0.25%. It is hoped that the […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets dip after China manufacturing slows Morning Report: 08.15 London • This morning, financial markets have started the week on the back foot after Chinese manufacturing came in slightly below estimates, continuing its slowdown. • The […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro fears ease ahead of Spanish stress tests Morning Report: 08.15 London • Markets have continued their positive bias this morning ahead of the expected release of stress tests for Spanish banks. No surprises are expected […]
Read the Daily Market Report from Dave Evans, Professional Trader Trouble in Spain sees sell off continue Morning Report: 08.15 London • This morning, the unwind has continued, with growth currencies and the euro falling hard on the back of last night’s sell off. There are […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slide continues Morning Report: 08.15 London • This morning, the euro is continuing to struggle as the enthusiasm for Draghi’s bailout plan, gives way to the reality of a struggling European economy. • The euro […]
Read the Daily Market Report from Dave Evans, Professional Trader Commodities drop on growth & euro concerns Morning Report: 08.30 London • This morning, commodities and commodity related currencies are on the back foot as traders fret over lower expected growth for the world economy. • […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro rallies on Spain bailout hopes Morning Report: 08.30 London • This morning, financial markets are the rise as the Financial Times reports that a Spanish bailout plan will be revealed on Thursday. Markets are wanting […]
Read the Daily Market Report from Dave Evans, Professional Trader China manufacturing still slowing Morning Report: 08.30 London • This morning, financial markets are on the slide after Chinese manufacturing data continued to indicate a slow down (albeit at a slower pace than last month). The […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen plunges after BoJ intervention Morning Report: 08.30 London • This morning, the yen is dropping sharply after the Bank of Japan introduced monetary easing activities in a bid to further weaken the yen. With the […]
Read the Daily Market Report from Dave Evans, Professional Trader Will Spain request a bailout? Morning Report: 08.30 London • This morning, financial markets are softer as traders speculate on when Spain will request a bailout. At present, Spain is insisting it does not need an […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause after week of monster gains Morning Report: 08.00 London • This morning markets are reversing some of the big moves from last week, with the Australian dollar continuing to struggle. • The AUD/JPY is […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets extend rally after Bernanke turns on print press Morning Report: 08.00 London • Markets are in full rally mode this morning, following through on yesterday’s push higher. The euro is leading as traders bet that […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pushes higher ahead of FOMC meeting Morning Report: 08.00 London • Markets are looking softer this morning ahead of today’s big FOMC meeting where many are looking for a start of the third round of […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro gains ahead of German court decision. Morning Report: 08.30 London • Optimism abounds this morning, with the main ‘risk on’ pairs continuing their forward march. Traders are confident that the German constitutional court will approve […]
Read the Daily Market Report from Dave Evans, Professional Trader Trade balance data in focus Morning Report: 08.30 London • This morning trade balance data is the main focus for the day as we await tomorrow’s German constitutional court ruling on the euro bailout. The US […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause for breath after monster rallies. Morning Report: 08.30 London • After the frantic action from Thursday and Friday, financial markets are pausing for breath this morning. Some forex pairs have slipped into reverse gear […]
Read the Daily Market Report from Dave Evans, Professional Trader Follow through rally ahead of NFP Morning Report: 08.00 London • After yesterday’s excitement, we still have one major item to go this week with today’s release of Non Farm Payrolls. Ahead of this, traders are […]
