Read the Daily Market Report from Dave Evans, Professional Trader Yen sinks as Japan unveils stimulus package Morning Report: 08.00 London • This morning the main movement is on the yen pairs after the Japanese government moved early to action a 880bn yen stimulus package ahead […]
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Read the Daily Market Report from Dave Evans, Professional Trader Markets quiet ahead of US GDPMorning Report: 08.15 London• This morning, financial markets are quiet, pending the latest US GDP figures which are expected to rise by 2.8%. • The m ain mover is the Australian […]
Nov 28th- David Banister- www.themarkettrendforecast.com The SP 500 is likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally. That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within […]
Nov 28th- David Banister- www.themarkettrendforecast.com The SP 500 is likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally. That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pushes higher as markets focus on US fiscal cliffMorning Report: 08.15 London• This morning financial markets are slipping lower as attention returns to the dangers posed by the US fiscal cliff deadline. The Japanese yen […]
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Read the Daily Market Report from Dave Evans, Professional Trader Markets rally on Greek debt dealMorning Report: 08.15 London• Markets have a positive bias this morning after international leaders agreed an overhaul of the Greek debt program. The main meat of the changes are a reduction […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen leads in early tradingMorning Report: 08.15 London• After markets staged a powerful rally into the close on Friday, ‘risk on’ assets are on the back foot this morning. The main winner has been the Japanese […]
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The amount of negative news that we have seen recently has been mind-blowing. Europe is going into recession, Greece and several other countries are on the verge of bankruptcy, the Middle East is a powder-keg, and the U.S. is facing a fiscal cliff. Shockingly for most retail traders, the past week has produced a very […]
The amount of negative news that we have seen recently has been mind-blowing. Europe is going into recession, Greece and several other countries are on the verge of bankruptcy, the Middle East is a powder-keg, and the U.S. is facing a fiscal cliff. Shockingly for most retail traders, the past week has produced a very […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar weaker as hopes riseMorning Report: 08.15 London• Financial markets have a positive bias this morning as hopes rise for a deal for Greece and for the EU budget. The dollar index is dropping off as […]
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Read the Daily Market Report from Dave Evans, Professional Trader China data boosts marketsMorning Report: 08.15 London• This morning financial markets are on the rise again after Chinese PMI rose to its highest level since October 2011. The strong sentiment around Thanksgiving played out once again, […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro drops after failure on Greek talksMorning Report: 08.15 London• The euro is under pressure this morning after Eurogroup officials failed to reach an agreement on Greek debt. Officials are claiming that it is a mere […]
David A. Banister- www.MarketTrendForecast.com The SP 500 declined a perfect 61.8% Fibonacci retracement of the summer rally from the 1267 lows to the 1474 highs. In our work we examine human behavioral patterns, sentiment, and Elliott Wave patterns to help with clues on market direction. To be sure, there is no such thing as a perfect […]
David A. Banister- www.MarketTrendForecast.com The SP 500 declined a perfect 61.8% Fibonacci retracement of the summer rally from the 1267 lows to the 1474 highs. In our work we examine human behavioral patterns, sentiment, and Elliott Wave patterns to help with clues on market direction. To be sure, there is no such thing as a perfect […]
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Read the Daily Market Report from Dave Evans, Professional Trader Euro leads in mixed tradingMorning Report: 08.15 London• This morning, the euro is overcoming the early disappointment of poor German PPI figures to take the lead this morning. The euro has continued to outpace it’s neighbour […]
The recent massive sell off in AAPL stock has presented some interesting opportunities for low risk trades. For long time readers of this column, you may recognize that my portfolio usually contains an AAPL position. Why? I cannot overemphasize the importance of trading liquid instruments, and in the current world, very few underlying issues have […]
The recent massive sell off in AAPL stock has presented some interesting opportunities for low risk trades. For long time readers of this column, you may recognize that my portfolio usually contains an AAPL position. Why? I cannot overemphasize the importance of trading liquid instruments, and in the current world, very few underlying issues have […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rise on US budget hopesMorning Report: 08.15 London • Typical of a Monday morning, market movements have so far been tentative, with no unexpected news over the weekend. What movement there has been is on […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro rally stallsMorning Report: 08.15 London• This morning, the recent trends in financial markets have flipped, with the euro dropping and stock markets rallying. • The EUR/GBP is down 0.24%, the EUR/JPY 0.18%, with the EUR/USD […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pressure intensifies Morning Report: 08.15 London• The S&P 500 sold off heavily into the close last night as worries about the US fiscal cliff continued. Normally at such times of fear, the Japanese yen would […]
