Read the Daily Market Report from Dave Evans, Professional Trader Rally runs out of steamMorning Report: 08.00 London • Risk assets have rallied well this week, but the buying interest appears to have run out of steam in the last 24 hours. This morning, the Japanese […]
FOREX Daily Outlook by Easy-Forex.com Markets in Rally mode, Oil Soars to $90 a barrel U.S. Dollar Trading (USD) those looking for weakness in the market yesterday were sorely mistaken with US stocks once again rallying and risk currencies gaining against the greenback. Oil moved higher to $90 a barrel and helped the commodity currencies […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold rebounds but euro questions remain Morning Report: 08.00 London • Yesterday saw some strong buying action, but the euro and gold still lagged. This morning gold is finally coming to the party, with a rise […]
FOREX Daily Outlook by Easy-Forex.com Eyes on BoE minutes The euro (EUR) recorded gains against most of its major counterparts even as the German ZEW economic sentiment and current situation indices came out lower than expected. On other news, Greece remains under pressure to deliver additional spending cuts, while Finland achieved a collateral deal as […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets stable after late evening rally Morning Report: 08.00 London • Last night financial markets rallied into the close, helping to undo a lot of the negative sentiment following Ben Bernanke’s testimony. This morning, financial markets […]
FOREX Daily Outlook by Easy-Forex.com Fed Chief Bernanke Speaks Tonight to US Senators U.S. Dollar Trading (USD) the market rallied overnight and into Asia on Tuesday with expectations rising that the US central bank Chief Ben Bernanke will hint at more stimulus when he speaks before the senate banking committee. Overnight June Retail Sales fell […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie dollar breaks away Morning Report: 08.00 London • This morning, financial markets have a positive bias with the Australian dollar breaking away from the rest of the pack following the release of the minutes from […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen dictating early trading Morning Report: 08.00 London • This morning, the Japanese yen is leading the early movements on currency markets with all the major yen pairs down so far today. The USD/ JPY is […]
FOREX Daily Outlook by Easy-Forex.com China GDP slowing but expected U.S. Dollar Trading (USD) heavy selling was seen overnight on the back of the worsening EU debt crisis and weak Australian Jobs data. US stocks have fallen for 7 days now and we are reaching some extremely oversold levels so are on the lookout for […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rebound despite China GDP slowdown. Morning Report: 08.00 London • This morning financial markets are finding some support despite China GDP slowing to its lowest level since 2009 (though in line with analyst’s expectations). • […]
FOREX Daily Outlook by Easy-Forex.com FED FOMC Minutes Show Members Split on new Stimulus U.S. Dollar Trading (USD) the USD was supported by the lack of enthusiasm in the June FOMC minutes for further monetary stimulus only a few members looking to expand the QE. The market is expecting the FED to do more to […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets on Australian data Morning Report: 08.00 London • This morning financial market’s wings have been clipped following worse than expected Australian economic data in the early hours of the morning. Added to this, last night’s […]
FOREX Daily Outlook by Easy-Forex.com China Trade Balance Show Weakening Imports U.S. Dollar Trading (USD) the EUR/USD was sold to fresh lows overnight as the German constitutional court said the process of reviewing Germany’s role in the new ESM could take up to 3 months. There were various official responses hoping the decision came quickly […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold leads rebound trade Morning Report: 08.00 London • After some heavy selling into the close last night, financial markets are attempting a rebound this morning. This seems to be more short position covering rather than […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro hope slips back Morning Report: 08.00 London • The recent euro summit induced confidence is slowly being eroded as financial markets take another step back this morning. The Spanish bailout is front and centre again […]
FOREX Daily Outlook by Easy-Forex.com EUR/USD Rebounds but Sentiment Weak U.S. Dollar Trading (USD) a quiet start to the week encouraged some profit taking and consolidation on most FX pairs. The USD was slightly weak on the day but the trend remains higher. Some FOMC members yesterday suggested that the FED should do more to […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro leads early rebound Morning Report: 08.00 London • The weekend was largely free of bad news from Europe and as a consequence, the rebound trade is setting in for the euro following last week’s sharp […]
FOREX Daily Outlook by Easy-Forex.com ECB Disappoints – US NONFARM PAYROLLS TODAY U.S. Dollar Trading (USD) traders were waiting with anticipation for the ECB decision last night and were rewarded with some good volatility to trade. The ECB cut rates by 0.25% but the President Draghi was downbeat on the growth outlook for the EU […]
FOREX Daily Outlook by Easy-Forex.com ECB Disappoints – US NONFARM PAYROLLS TODAY U.S. Dollar Trading (USD) traders were waiting with anticipation for the ECB decision last night and were rewarded with some good volatility to trade. The ECB cut rates by 0.25% but the President Draghi was downbeat on the growth outlook for the EU […]
Read the Daily Market Report from Dave Evans, Professional Trader Analysts looking for US employment lift Morning Report: 08.00 London • This morning we have the release of one of the most important economic items for the month – US Non Farm Payrolls. Analysts are expecting good […]
FOREX Daily Outlook by Easy-Forex.com ECB and BOE and Interest Rate Meetings Ahead U.S. Dollar Trading (USD) July 4th celebrations kept the US session quiet with commodities and stock markets closed. The EUR/USD is continued to be weighed by the expectations of a rate cut today at the ECB meeting. The reaction to a rate […]
FOREX Daily Outlook by Easy-Forex.com ECB and BOE and Interest Rate Meetings Ahead U.S. Dollar Trading (USD) July 4th celebrations kept the US session quiet with commodities and stock markets closed. The EUR/USD is continued to be weighed by the expectations of a rate cut today at the ECB meeting. The reaction to a rate […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets wait for the ECB Morning Report: 08.00 London • This morning financial markets have a negative bias ahead of a very busy day on the economic calendar. The main item is the expected rate cut from […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets wait for the ECB Morning Report: 08.00 London • This morning financial markets have a negative bias ahead of a very busy day on the economic calendar. The main item is the expected rate cut from […]
Read the Daily Market Report from Dave Evans, BetOnMarkets Market Strategist. Morning Report: Stand by for action Morning Report: 07.45 London • Forex markets are quiet, with the US dollar regaining a little of the significant ground lost yesterday. This is especially the case with […]
Read the Daily Market Report from Dave Evans, BetOnMarkets Market Strategist. Morning Report: Aussie slumps, Canadian dollar holds firm Morning Report 07.30 London • Forex and US stock markets were open yesterday, but today will be seen by many as the first proper trading day […]
FOREX Daily Outlook by Easy-Forex.com Gold and Oil Continue to Rally U.S. Dollar Trading (USD) stocks and commodities continued to rally overnight but currencies were quiet with some major risk events ahead. Tomorrow the European Central Bank and the Bank of England have interest rate meetings. US stocks rallied after May Factory Orders gained 0.7% […]
Read the Daily Market Report from Dave Evans, Professional Trader Greek concerns subdue early moves… Morning Report: 08.00 London • While yesterday saw some good buying action on some ‘risk on’ assets, the euro was weak on a relative basis. The main lingering concern is over the […]
Read the Daily Market Report from Dave Evans, BetOnMarkets Market Strategist. US Dollar versus the Euro • Today’s big U.S. Dollar move versus the Euro on the threat French bank downgrades and riots in the streets of Greece has me thinking about their respective Exchange Traded Fund proxies, UUP and FXE. Of […]
While he “stared down” that financial crisis, even J.P. Morgan would be no match for today’s national debt. In 1907, the Wall Street legend gathered New York City’s biggest bankers into his office and demanded that they had 10 minutes to collectively pledge $25 million to keep the NYSE open. Morgan got his way. At […]
