Overview: Since our last analysis Gold has been trading sideways around 1,376.00, we are still waiting for our second intraday target level at 1,356.50. We are also waiting for our first short-term target level FE 61.8% at price 1,323.00, according to the daily chart. I saw decreasing volume in the previous move up which is […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen Powers Back Morning Report: 08.30 London • This morning, markets are reversing yesterday’s trends with the yen powering back and the Australian dollar sinking to new lows. • The yen is generally stronger after the Bank […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen Slips On Strong Japan Data Morning Report: 08.30 London • There are two main movements to note this morning; the sudden yen weakness and the opening gap lower in the dollar pairs. The yen pairs […]
Daily chart: Crude Oil had a very bullish week and is now trying to climb to the resistance at the 96.73 level. It is quite possible that during this week, CL gets to that level and if CL can break it, it would be expected to rise to the level of 100.33, in the medium […]
Overview: The 4H chart demonstrates today that silver takes a downward move after breaking the support level 22.00 and currently is approaching the support level 21.00. Given that the pair closes 4H below this support level, it will provide a good opportunity to sell below the support level. After that we should wait for breaking […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen strengthens at expense of US dollar Morning Report: 08.30 London • This morning, the Japanese yen is dominating early FX moves, with the USD/JPY trading near the 95.5 level, its lowest level since April. The […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets cautious ahead of ECB Morning Report: 08.30 London • This morning, financial markets are generally cautious ahead of today’s ECB meeting. Analysts mostly expect the ECB to stand pat, but there is an outside chance […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie hit by Shrinking GDP Morning Report: 08.30 London • This morning the main mover is the Australian dollar. The AUD/JPY is off by 1.15%, with the AUD/USD off by 0.85%. Australian GDP came in below estimates this morning, while […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie hit again after RBA statement Morning Report: 08.30 London • Markets are mixed this morning with the Japanese yen weakening and the dollar index on the rise once again. Click here to view full-sized image […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold starts the month in front Morning Report: 08.30 London • This morning, financial markets are generally starting the new month on a positive note after May ended with a sell off into the close. Click […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen poised for breakout Morning Report: 08.30 London • This morning, the Japanese are showing early momentum after Japanese core CPI came in above estimates. The main mover is the AUD/JPY as commodity currencies come under […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold rallies as investors take fright Morning Report: 09.15 London • Traders endured a negative Asian session, with Japanese Nikkei dropping more than 3% and the USD/JPY reaching its lowest level since the middle of the month. […]
Read the Daily Market Report from Dave Evans, Professional Trader Potential China slowdown spooks markets Morning Report: 09.15 London • Financial markets are on the slide this morning as investors fret over another downbeat China growth report from the IMF. This alone would be enough to […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie leads rebound Morning Report: 09.15 London • After a turbulent few days, financial markets are on the rise this morning with the Australian dollar leading the charge. The yen pairs are seeing the greatest movements […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen surges on Bank of Japan comments Morning Report: 08.00 London • Overnight Asian stock markets have sold off after the Bank of Japan suggested that it wouldn’t be increasing its bond buying program. The yen […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie plunges as China factory output hits seven month low Morning Report: 08.00 London • This morning world markets have continued selling off from the highs following news that Chinese flash manufacturing PMI came in below […]
Overview From the today’s H4 chart, the metal is still trading between the Support level 22.00 and below the Resistance level 23.00 after its failure to break the Resistance level yesterday and bounced from it to take a slightly downward move and currently is re-testing the Support level 22.00 again. Presently we suggest waiting for closing […]
Read the Daily Market Report from Dave Evans, Professional Trader Has the dollar rally gone too far? Morning Report: 08.00 London • This morning markets are generally quiet ahead of a busy economic calendar today. Markets are generally positive, with stock markets nudging back towards the […]
Overview As it was expected yesterday, the metal would reverse its bearish move to start its upward direction and open its way towards 23.00 in case of closing 4H below the Resistance level 22.00. Today and as shown from the today’s H4 chart the metal already took a bullish move after it has managed to […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen slips ahead of BOJ meet Morning Report: 08.00 London • This morning the Japanese yen is slipping back ahead of a two day Bank of Japan meeting. The USD/JPY is 0.32%, with other yen pairs such as […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar peels back from highs Morning Report: 08.00 London • This morning, the dollar index is pulling back from the highs, helping the NZD/ USD and AUD/ USD to push up from multi month lows. Click […]
Overview As it was expected yesterday, more bearish signals would be available after breaking the Resistance level 23.00 yesterday, then the metal continued its downward move after breaking the Support level 22.50 as well, which have us another good opportunity to sell till reaching the Support level 22.00. Currently and as shown the metal hits […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar breaks 2012 highs Morning Report: 08.00 London • Sentiment is really behind the US dollar at the moment, with the Greenback breaking through the 2012 highs to its highest level since July 2010. Click here to […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slumps on German GDP shock Morning Report: 08.00 London • This morning, the euro has continued its sell off after first French, then German GDP Came in below analyst’s estimates. French GDP dropped by 0.2% […]
Overview Like it was expected yesterday, as long as the price is reading inside its bullish channel and below its upper limit so the bearish move would be expected. Today and as shown from the today’s H4 chart the pair already took a bearish move and also managed to break the Support level 155.80 yesterday. […]
Technical outlook and chart setups: The weekly chart presented here depicts a possibility of another low below 1,320.00. The Fibonacci extensions of the downswing from 1,900 level to 1,550 are pointing towards an extension of 1,290.00 and 1,300.00. Hence it is recommended to remain short for now with risk at 1,500.00 level. As seen here, […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rise on US economic hopes Morning Report: 08.00 London • This morning, markets are optimistic that the US economy has enough resilience to grow its way out of tough economic times. With China cooling off, […]
Overview From the today’s H4 chart, the metal is still trading below the Resistance level 23.90 and above the upward trendline as shown. Currently silver is testing it. So we should wait for closing 4H below the upward trendline to create a new bearish opportunities. In that case the metal might open its way towards […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold slips back again Morning Report: 08.00 London • This morning has seen some tepid trading so far, with limited news flow over the weekend. Gold is the main mover, with the precious metal extending recent […]
Overview As shown on today’s H4 chart, the metal reversed its bullish movement above the upward trend line and started to take a downward move after breaking the upward trend line. Currently, the silver is trading below the upward line which gives more opportunities for bearish signals with first target 23.30, then we should wait for […]
