Read the Daily Market Report from Dave Evans, Professional Trader Aussie leads as markets hold higher groundMorning Report: 08.30 London • Fin ancial markets are holding the higher ground this morning after Asian markets rallied on the back of Friday’s US employment data. The big […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen weakens further on GDP upside surpriseMorning Report: 08.30 London • The morning’s data has been encouraging, with Chinese exports rising and the trade balance increasing much more than expected. In addition, Japanese GDP increased more […]
Read the Daily Market Report from Dave Evans, Professional Trader Pounds dips ahead of MPC meetingMorning Report: 08.30 London • This morning, markets are generally cautious ahead of rate statements from the ECB and MPC. The Euro is the performing well ahead of the big meetings, […]
Over at our TheMarketTrendForecast.com service we have been projecting a potential rally pivot at 1552-1576 for many weeks now. The recent drop to 1485 although harrowing, was a normal fibonacci re-tracement of the last major rally leg to 1531 pivot highs. We believe that this 5 wave advance 1343 pivot lows is nearing an end […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets tread water ahead of ADPMorning Report: 08.30 London • After record highs for the Dow Jones last night, there’s an air of caution for financial markets this morning ahead of this afternoon’s US ADP payrolls. […]
Read the Daily Market Report from Dave Evans, Professional Trader Central Bank Talk Lifts MarketsMorning Report: 08.30 London • This morning, world markets are on the rise after a strong rally into the close last night and through the Asian session. Central bankers are behind some […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets dip on China construction concernsMorning Report: 08.30 London • This morning, markets have started the week with ‘risk off’ bias as fears rose that Chinese plans to curb property development could have a ripple in […]
Over the past year my long term trends and outlooks have not changed for gold, oil or the SP500. Though there has been a lot of sideways price action to keep everyone one their toes and focused on the short term charts. As we all know if the market does not shake you out, it […]
This week I talked about how the uptrend is to be the focus of trading positions until a down trend is actually confirmed via price and volume action. The SP500 was very close to reversing down this week but with the POMO’s (permanent open market operations) scheduled largest injection of money for February of over […]
Read the Daily Market Report from Dave Evans, Professional Trader Positive Surprise from Spanish ManufacturingMorning Report: 08.30 London • This morning, financial markets have shrugged off disappointing Chinese manufacturing PMI after Spanish manufacturing data surprised to the upside. This rare good news has pushed the euro […]
Read the Daily Market Report from Dave Evans, Professional Trader Bernanke sparks strong reboundMorning Report: 08.30 London • Markets are on the rise this morning after Ben Bernanke soothed markets with his congress testimony last night. • The Australian dollar is the strongest performer, despite Australian […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro leads cautious recoveryMorning Report: 08.30 London • This morning, the euro is leading a cautious recovery in world markets as stock markets look set to rise amid cross party talks in Italy. • The euro […]
David Banister One of my favorite “Crowd Behavioral” patterns is the ABC Gap fill pattern. This is a normal correction pattern in the stock market that works off overbought sentiment. You can apply this to liquid individual stocks in most cases, and look ahead to spot potential entries on your watch list for trading. […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets volatile after Italian deadlockMorning Report: 08.30 London • Italy looks to be heading to a second general election as anti austerity parties make unexpected gains. Much of the reaction came yesterday, with selling intensifying into […]
Read the Daily Market Report from Dave Evans, Professional Trader Pound recovers after downgrade shockMorning Report: 08.30 London • This morning, the two main talking points are the pound’s reaction to the late Friday UK sovereign downgrade and the yen’s weakness following the probable appointment of […]
David A. Banister www.markettrendforecast.com Over the past 5 calendar years we have seen GOLD either complete an intermediate cyclical top or bottom in each February. My forecast was for February of 2013 to be no different and for Gold and Silver to make trough lows this month. With that said, I did not expect the […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold leads rebound as traders buy the dipMorning Report: 08.30 London • This morning, financial markets are rebounding off yesterday’s lows, but it remains to be seen just how much momentum markets have in them. Gold […]
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Read the Daily Market Report from Dave Evans, Professional Trader Markets slide on central bank comments.Morning Report: 08.30 London • This morning, financial markets are on the slide after the release of the minutes from the last FOMC meeting. The minutes implied that the Fed was […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause after hitting fresh highs. Morning Report: 08.30 London • After surging to fresh highs into the close last night, work stock markets are pausing for breath this morning, with currency markets following suit. • […]
Read the Daily Market Report from Dave Evans, Professional Trader Morning Report: Yen volatile as foreign bonds ruled out. Morning Report: 08.30 London • This morning, the Japanese yen continues to be at the centre of volatility after Bank of Japan Aso ruled out the purchasing […]
Read the Daily Market Report from Dave Evans, Professional Trader Weak yen condoned by G20 Morning Report: 08.30 London • This morning, the Japanese yen is on the slide again as Japan was not singled out for criticism for its weak yen policy at the weekend’s […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pairs heading lower Morning Report: 08.30 London • The yen is on the advance this morning, forcing the main yen pairs lower. • The EUR/JPY is the main casualty this morning, down 0.76%, with the […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pairs heading lower Morning Report: 08.30 London • The yen is on the advance this morning, forcing the main yen pairs lower. • The EUR/JPY is the main casualty this morning, down 0.76%, with the […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slips on GDP slowdown Morning Report: 08.30 London • The euro is on the back foot for the first time in four sessions today after French and German GDP came in below already depressed expectations. […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro wobbles ahead of G20 Morning Report: 08.30 London • The euro is on the back foot this morning ahead of this week’s G20 meeting where global currency imbalances are making the news. The yen has […]
Read the Daily Market Report from Dave Evans, Professional Trader Pound slips on downbeat expecations Morning Report: 08.30 London • Markets have a negative bias this morning after stocks closed the week on a high on Friday night. • The Australasian pairs are seeing the greatest […]
Read the Daily Market Report from Dave Evans, Professional Trader Japan surplus drops to lowest on record Morning Report: 08.30 London • The yen pairs are heading lower this morning after Japan posted a current account deficit for a second month in December. This means that […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro rallies ahead of ECB Morning Report: 08.30 London • The euro is firm this morning ahead of today’s ECB meeting. There had been speculation that Draghi may lean towards softer policies after Hollande’s statements that […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie dips as economy falters. Morning Report: 08.30 London • This morning the AUD/USD is hitting its lowest levels since November after Australian retail sales came in well below estimates. The AUD/JPY is also slipping back […]
