Read the Daily Market Report from Dave Evans, Professional Trader Yen weakens on intervention talk Morning Report: 08.30 London • This morning, the Japanese yen is weakening on speculation that the Bank of Japan may step in to reduce rates further. The USD/JPY is up 0.22%, […]
FOREX Daily Outlook by Easy-Forex.com Spain Bailout Delay? U.S. Dollar Trading (USD) markets have turned negative in recent sessions with risk off trading on Friday spilling over into Monday’s trade. Spain was once again the center of attention with concerns that the ESM would not have enough money and then later that Spain will not […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar leads early trading as traders back off Morning Report: 08.30 London • Concerns about the slowdown in China continue to weigh on markets after Chinese PPI came in below estimates this morning. While new economies […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets look to end week off lows Morning Report: 08.30 London • This morning financial markets are mixed, with traders still wary of committing to big positions. • The NZD/USD is leading markets higher, rising 0.24% […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro drops as Spain downgraded to junk Morning Report: 08.30 London • Late last night, rating’s agency S&P downgraded the credit rating of Spain to one notch above junk. The move saw the euro drop sharply […]
FOREX Daily Outlook by Easy-Forex.com Negative start to the Week, Focus on Spain U.S. Dollar Trading (USD) a slow US session with traders on Holiday but we did some movement during the European session where GBP/USD and EUR/USD both fell sharply. The lack of progress seen in the meetings from Europe has added uncertainty/risk to […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets wary of earnings season Morning Report: 08.30 London • This morning, financial markets are little moved as traders tread carefully ahead of major company earnings from the US. • The main winner this morning is […]
FOREX Daily Outlook by Easy-Forex.com Negative start to the Week, Focus on Spain U.S. Dollar Trading (USD) a slow US session with traders on Holiday but we did some movement during the European session where GBP/USD and EUR/USD both fell sharply. The lack of progress seen in the meetings from Europe has added uncertainty/risk to […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets stable ahead of earnings season Morning Report: 08.30 London • This morning, financial markets are upbeat as US company earnings season starts to kick in. US stock market futures are pointing to a positive day, […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets start week on back foot Morning Report: 08.30 London • This worries about the global economy returned , with gold falling off from the highs. The precious metal is down 0.60%, with the dollar index recovering from […]
FOREX Daily Outlook by Easy-Forex.com Surprise drop in US Unemployment Rate U.S. Dollar Trading (USD) investors enjoyed gains right after the release of the September Unemployment Rate which dropped to 7.8% vs. 8.1% previously. Most of these gains were reversed later in the day as research notes tempered the strong number. Analysts believe the number […]
Read the Daily Market Report from Dave Evans, Professional Trader Big expectations for US Payrolls Morning Report: 08.15 London • This morning, markets are quiet ahead of the monthly lottery that is US Non Farm Payrolls. Analysts are expecting an increase in activity from last month […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rise ahead of central bank meetings Morning Report: 08.30 London • Financial markets are on the rise this morning ahead of central bank meetings for the UK and Europe. Stock market futures are rallying for […]
FOREX Daily Outlook by Easy-Forex.com Spanish PM “EU AID not Imminent” U.S. Dollar Trading (USD) the market was upbeat overnight but we finished off highs with some disappointing comments from the head of Spain that a bailout was not imminent for his struggling country. The bulls are expecting Spain to formally request help and see […]
Read the Daily Market Report from Dave Evans, Professional Trader Aussie dollar plunges on trade balance data Morning Report: 08.15 London • There’s a negative bias in the morning’s trading after Australian trade balance came in well below estimates. The AUD/USD is down 0.56%, with the […]
FOREX Daily Outlook by Easy-Forex.com US Data Boosts Risk Appetite U.S. Dollar Trading (USD) the markets rebounded as the September Manufacturing ISM increased to 51.5 vs. 51.1 previously. The market was not keen to sell USD on the data and faded a snap move high from Gold to the Euro causing USD demand for the […]
Read the Daily Market Report from Dave Evans, Professional Trader Australia cuts rates to spur growth Morning Report: 08.30 London • The main mover this morning is the Australian dollar, after the RBA unexpectedly cut its benchmark interest rate by 0.25%. It is hoped that the […]
FOREX Daily Outlook by Easy-Forex.com Spanish Downgrade Rumors hurt the Euro U.S. Dollar Trading (USD) the Dollar is on the front foot in Asia Monday as concerns about Spain’s hesitancy to formally ask for a bailout adds uncertainty to the future. The EUR/USD is testing fresh lows and stocks are on the back foot. China […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets dip after China manufacturing slows Morning Report: 08.15 London • This morning, financial markets have started the week on the back foot after Chinese manufacturing came in slightly below estimates, continuing its slowdown. • The […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro fears ease ahead of Spanish stress tests Morning Report: 08.15 London • Markets have continued their positive bias this morning ahead of the expected release of stress tests for Spanish banks. No surprises are expected […]
FOREX Daily Outlook by Easy-Forex.com Markets Stable after fresh lows U.S. Dollar Trading (USD) the Dollar gained in the European session as fears over Spain heated up but the downside was contained and US stocks rebounded. Support for the market will come from a formal request for a bailout from Spain and pressure is being […]
FOREX Daily Outlook by Easy-Forex.com Big Selloff in US Session U.S. Dollar Trading (USD) sentiment turned dramatically negative overnight with stocks in the US falling the most in 3 months as European concerns and QE3 enthusiasm faded. FED Member Plosser was highly critical of the QE3 announced by the FOMC and stated he didn’t think […]
Read the Daily Market Report from Dave Evans, Professional Trader Trouble in Spain sees sell off continue Morning Report: 08.15 London • This morning, the unwind has continued, with growth currencies and the euro falling hard on the back of last night’s sell off. There are […]
FOREX Daily Outlook by Easy-Forex.com Mildly negative start to Week U.S. Dollar Trading (USD) fresh Chinese slowdown concerns and further negative economic data from Europe and the US hurt global risk appetite yesterday. The selling was contained however and the EUR/USD and AUD/USD kept inside 100 pip ranges comfortably. Looking ahead, July Case Shiller House […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slide continues Morning Report: 08.15 London • This morning, the euro is continuing to struggle as the enthusiasm for Draghi’s bailout plan, gives way to the reality of a struggling European economy. • The euro […]
FOREX Daily Outlook by Easy-Forex.com Spain Focus as Bank Stress Tests Ahead U.S. Dollar Trading (USD) a quiet end to the week saw the EUR/USD pivot the 1.3000 level with a lack of fresh direction. The European session saw the day highs for stocks and risk appetite but this was unwound in the US session […]
Read the Daily Market Report from Dave Evans, Professional Trader Commodities drop on growth & euro concerns Morning Report: 08.30 London • This morning, commodities and commodity related currencies are on the back foot as traders fret over lower expected growth for the world economy. • […]
FOREX Daily Outlook by Easy-Forex.com China PMI shows Global Slowdown Continues U.S. Dollar Trading (USD) the Dollar was strong for the most of the day as manufacturing PMI’s around the world showed the global outlook was still weak. China HSBC Manufacturing PMI remained under 50 at 47.8 and is the 11th month of contraction. The […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro rallies on Spain bailout hopes Morning Report: 08.30 London • This morning, financial markets are the rise as the Financial Times reports that a Spanish bailout plan will be revealed on Thursday. Markets are wanting […]
Read the Daily Market Report from Dave Evans, Professional Trader China manufacturing still slowing Morning Report: 08.30 London • This morning, financial markets are on the slide after Chinese manufacturing data continued to indicate a slow down (albeit at a slower pace than last month). The […]
