FOREX Daily Outlook by Easy-Forex.com Pressure mounting for action from the ECB Thursday U.S. Dollar Trading (USD) US stocks were weak yesterday after August ISM Services PMI fell to 49.6 vs. 50.0 forecast. Most of the damage was done however with the USD gaining against most pairs and has so far held onto those gains. […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro softer as traders eye ECB meeting Morning Report: 08.00 London • This morning, financial markets are on the softer side as traders face uncertainty ahead of Thursday’s ECB meeting. There is a building expectation that the […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets bounce, led by Aussie dollar Morning Report: 08.00 London • This morning, markets have started the day on solid ground, with the Australian dollar leading the way. The Aussie is in demand after the Reserve […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie starts the week on back foot Morning Report: 08.00 London • Markets have started the week on the back foot, with the Australian dollar singled out for punishment after early economic data came in below […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar slips back as gold leads Morning Report: 08.00 London • This morning, financial markets are mostly waiting on the speech from Ben Bernanke as the Jackson Hole symposium draws to a close. Markets are hoping […]
FOREX Daily Outlook by Easy-Forex.com Commodity Linked Currencies under Pressure U.S. Dollar Trading (USD) we saw some USD strength overnight as commodities including Gold and Oil fell during the US session. Moves were relatively small though with many traders sitting on the sidelines ahead of the Jackson Hole Speech tomorrow. US Pending house Sales gained […]
Read the Daily Market Report from Dave Evans, Professional Trader Kiwi dollar leads in mixed trading Morning Report: 08.00 London • This morning, the New Zealand dollar is leading markets higher, but looking across the board, it’s a decidedly mixed picture so far. The NZD/USD is […]
FOREX Daily Outlook by Easy-Forex.com EUR/USD Still Strong as Buyers Optimistic U.S. Dollar Trading (USD) with little movement in stocks, traders used headlines from Europe for most of the day’s movement. EU President Van Rompuy backed the ECB and reiterated that the EU was ready to act on Spain’s Bank Sector but no additional Aid […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slips ahead of US GDP data Morning Report: 08.00 London • This morning, the US dollar index is regaining some of the ground lost in the last week as traders await GDP data from the […]
FOREX Daily Outlook by Easy-Forex.com Markets Stable as Profit Taking Caps Rally U.S. Dollar Trading (USD) the markets had a quiet day on Monday with UK away on Bank holiday and a small rally in Europe reversed later in the US session. Some positivity is coming through on the Greece front with hopes of some […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen in commands as traders eye Fed Morning Report: 08.00 London • This morning financial markets are keeping one eye US Jackson Hole meeting later in the week which they hope will reveal hints at future […]
FOREX Daily Outlook by Easy-Forex.com US Stocks Reverse as QE3 Need Questioned U.S. Dollar Trading (USD) some negativity entered the market overnight with FOMC member Bullard throwing cold water on QE3 optimism saying that data since the FOMC minutes had improved and that the minutes were ‘a bit stale’. Stocks reacted negatively and the USD […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold slips to first loss in seven sessions Morning Report: 08.00 London • This morning, the US dollar is recovering after four days of losses. This strength is causing gold to slip back for the first […]
Read the Daily Market Report from Dave Evans, Professional Trader Fed minutes send dollar tumbling Morning Report: 08.00 London • Last night, the release of the minutes from the last Federal Reserve meeting sent the US dollar tumbling. The notes appeared to suggest that the Fed […]
Read the Daily Market Report from Dave Evans, Professional Trader BHP profit fall hurts Aussie dollar Morning Report: 08.00 London • This morning the Australia dollar is suffering after mining giant BHP showed a fall in profits. The movement is exaggerated by the US dollar rebounding […]
FOREX Daily Outlook by Easy-Forex.com Fresh Stock Market Highs for 2012 U.S. Dollar Trading (USD) in an interesting day of trade we saw US stock markets hit new 2012 highs before profit taking reversed the direction aggressively lower. The failure on the topside has led many analysts to issue notes warnings of a possible correction […]
FOREX Daily Outlook by Easy-Forex.com Quiet Start, Eurozone Focus U.S. Dollar Trading (USD) not much movement on the markets overnight with little economic news out traders were focusing on the ECB bond buying proposal reported in a German Newspaper over the weekend. The ECB issued a rare denial Monday on the report stating ‘it is […]
Read the Daily Market Report from Dave Evans, Professional Trader Commodity pairs push higher Morning Report: 08.00 London • This morning, commodities and commodity forex pairs are leading markets with the AUD/USD up 0.51% and the NZD/USD up 0.38% Click here to view full-sized image• The yen […]
FOREX Daily Outlook by Easy-Forex.com Stocks Strong, USD Stronger U.S. Dollar Trading (USD) the safe have Dollar continued to receive support even as global stocks rallied for another day. USD/JPY in particular is on the march higher and the EUR/USD is also heavy while the ECB bailout details are sorted out. The more traditional risk […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro leads positive start to week Morning Report: 08.00 London • This morning the euro is pushing higher in relatively benign trading conditions. The EUR/USD is up 0.21%, with the NZD/USD and AUD/USD up by a […]
FOREX Daily Outlook by Easy-Forex.com EUR/USD leads pack higher U.S. Dollar Trading (USD) stocks kicked higher again overnight and the safe haven USD weakened against most currencies with the EUR/USD the front runner. US July Housing data was mixed with Housing starts down at 746k vs. 757k forecast but July Building Permits at 812k vs. […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie dollar leads the fallers Morning Report: 08.00 London • This morning, the Australian dollar is the standout faller, with the AUD/USD down by 0.71% and the AUD/JPY 0.60%. The NZD/USD is not far behind, down […]
FOREX Daily Outlook by Easy-Forex.com US Data Improving, USD Gaining U.S. Dollar Trading (USD) we saw the Dollar enjoy another day of gains after strong July Industrial Output underpinned the growing belief that the US recovery was stabilizing. The USD/JPY broke above Y79 as the US Bond yields increased with the improving US data. July […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen v dollar balance dominates trading Morning Report: 08.00 London • This morning, financial markets are still mired by thin summer trading that is clipping volatility at the moment. The main movement seems to be coming […]
FOREX Daily Outlook by Easy-Forex.com US Retail Sales Questions Need for QE3 U.S. Dollar Trading (USD) stronger than expected July Retail Sales at 0.8% vs. 0.3% forecast helped the USD rally after analysts questioned whether QE3 will be implemented this year. Bigger than expected increases in the July Producer Price Index (PPI) 0.3% vs. 0.2% […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro out performs as yen slips back Morning Report: 08.00 London • This morning, the Japanese yen is continuing to under perform, helping the major yen pairs to advance this morning. The EUR/JPY has extended recent […]
FOREX Daily Outlook by Easy-Forex.com EURO Cross Sellers Booking Profit U.S. Dollar Trading (USD) traders were surprised by the strong move higher in the EUR/USD which took advantage of light trading conditions to return to the 1.23 handle. EUR/AUD and EUR/NOK short coverings where the main catalysts in the otherwise peculiar move higher in the […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro continues to rise as yen slips back Morning Report: 08.00 London • This morning, the weaker yen is helping to push the EUR/JPY higher this morning by 0.52%, with the USD/JPY up 0.25%. Click here […]
FOREX Daily Outlook by Easy-Forex.com China Rate Cute Rumors Helps Rally U.S. Dollar Trading (USD) weak Chinese Trade Data on Friday led to risk off trading during the Asian and European Trading sessions before reversing higher in the US session on rumors China may do more to support their slowing economy. Over the Weekend no […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar slips back as gold leads Morning Report: 08.00 London • Typical of a Monday morning, financial markets have not really got going yet for the week. The main movement has come from the US dollar, […]
