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 […]
A leading precious metals consultancy, Thomson Reuters GFMS, has forecast that investors will buy record amounts of gold in the remainder of 2012. GFMS produces the benchmark supply and demand statistics for the gold market. GFMS forecasts that investors will purchase 973 tons of gold in the second half of 2012, more than during the […]
A leading precious metals consultancy, Thomson Reuters GFMS, has forecast that investors will buy record amounts of gold in the remainder of 2012. GFMS produces the benchmark supply and demand statistics for the gold market. GFMS forecasts that investors will purchase 973 tons of gold in the second half of 2012, more than during the […]
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 […]
FOREX Daily Outlook by Easy-Forex.com Profit Taking Continues, Bank of Japan Meeting U.S. Dollar Trading (USD) stocks dipped overnight but we found support quickly and the bulls remain in control. The USD was able to hold onto small gains overnight as the EUR/USD led the other majors lower. Traders are still looking to sell the […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen plunges after BoJ intervention Morning Report: 08.30 London • This morning, the yen is dropping sharply after the Bank of Japan introduced monetary easing activities in a bid to further weaken the yen. With the […]
Crude oil prices hit a four-month high this week on the back of rising tensions in the Middle East and North Africa and the unfortunate murder of the U.S. ambassador to Libya. Added impetus on the upside was given to oil by the announcement of more money printing (QE3) by the Federal Reserve which said […]
Crude oil prices hit a four-month high this week on the back of rising tensions in the Middle East and North Africa and the unfortunate murder of the U.S. ambassador to Libya. Added impetus on the upside was given to oil by the announcement of more money printing (QE3) by the Federal Reserve which said […]
FOREX Daily Outlook by Easy-Forex.com Gold and Oil Pullback, USD Gains U.S. Dollar Trading (USD) weak stock markets prompted commodities to fall back sharply overnight. OIL/USD fell $3 in a very short period from $98 to $95 in what they are calling a ‘flash crash’ for the energy. The SEC is currently investigating the move […]
Read the Daily Market Report from Dave Evans, Professional Trader Will Spain request a bailout? Morning Report: 08.30 London • This morning, financial markets are softer as traders speculate on when Spain will request a bailout. At present, Spain is insisting it does not need an […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause after week of monster gains Morning Report: 08.00 London • This morning markets are reversing some of the big moves from last week, with the Australian dollar continuing to struggle. • The AUD/JPY is […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets extend rally after Bernanke turns on print press Morning Report: 08.00 London • Markets are in full rally mode this morning, following through on yesterday’s push higher. The euro is leading as traders bet that […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pushes higher ahead of FOMC meeting Morning Report: 08.00 London • Markets are looking softer this morning ahead of today’s big FOMC meeting where many are looking for a start of the third round of […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro gains ahead of German court decision. Morning Report: 08.30 London • Optimism abounds this morning, with the main ‘risk on’ pairs continuing their forward march. Traders are confident that the German constitutional court will approve […]
FOREX Daily Outlook by Easy-Forex.com German Court to Rule on ESM/Bond Buying U.S. Dollar Trading (USD) stocks pulled back during the European and US Sessions as profit taking kicked in after Friday’s large rally. A weaker than forecast July Consumer Credit number at -3bn vs. +9bn forecast added to the downside weight. Further pullbacks could […]
Read the Daily Market Report from Dave Evans, Professional Trader Trade balance data in focus Morning Report: 08.30 London • This morning trade balance data is the main focus for the day as we await tomorrow’s German constitutional court ruling on the euro bailout. The US […]
FOREX Daily Outlook by Easy-Forex.com Weak US Jobs Cement FOMC QE3 Expectations U.S. Dollar Trading (USD) stocks surged on the back of enthusiasm for the ECB Bond Buying plan and growing expectations that the US FOMC meeting Wednesday will deliver QE3. August Jobs came in at 96k vs. 125k. August Unemployment Rate dropped to 8.1% […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets pause for breath after monster rallies. Morning Report: 08.30 London • After the frantic action from Thursday and Friday, financial markets are pausing for breath this morning. Some forex pairs have slipped into reverse gear […]
Read the Daily Market Report from Dave Evans, Professional Trader Follow through rally ahead of NFP Morning Report: 08.00 London • After yesterday’s excitement, we still have one major item to go this week with today’s release of Non Farm Payrolls. Ahead of this, traders are […]
FOREX Daily Outlook by Easy-Forex.com Will ECB President Draghi Deliver? U.S. Dollar Trading (USD) the Dollar was soft overnight as markets reacted to rumors that the ECB was about to announce unlimited bond purchases at the ECB Meeting. The EUR/USD shot up to 1.2600 and we are once again in danger of disappointment if Draghi […]
