FOREX Daily Outlook by Easy-Forex.com “Euro is irreversible” The euro (EUR) recorded gains against most of its major counterparts as comments by the European Central Bank (ECB) President Draghi boosted the single currency. He was particularly firm, saying that the single currency is irreversible and that the ECB will do whatever it takes to preserve […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets follow through on ECB inspired rally Morning Report: 08.15 London • We’re seeing some follow through buying today following ECB president Draghi’s speech yesterday. Although not specifically stated, Draghi dropped enough coded hints about direction […]
David Banister- www.markettrendforecast.com July 26 2012 Just under two weeks ago I updated my subscribers with a chart pattern on the GLD ETF, and in that update we discussed what to look for to find clues in this GOLD consolidation that has continued from last August-September highs. My theory all along has been that we […]
David Banister- www.markettrendforecast.com July 26 2012 Just under two weeks ago I updated my subscribers with a chart pattern on the GLD ETF, and in that update we discussed what to look for to find clues in this GOLD consolidation that has continued from last August-September highs. My theory all along has been that we […]
Read the Daily Market Report from Dave Evans, Professional Trader Australian dollar recovers strongly Morning Report: 08.15 London • Financial markets rallied well into the close last night, with some follow through buying in certain currencies this morning. The Australian dollar continues to out perform thanks […]
FOREX Daily Outlook by Easy-Forex.com ESM Banking License Talk Sparks EUR/USD Rebound U.S. Dollar Trading (USD) stocks around the world enjoyed a solid relief rally overnight and EUR/USD sellers booked profit on short trades leading to USD weakness across the board. Weak June Home Sales at 350k vs. 369k previously added to mounting speculation the […]
Read the Daily Market Report from Dave Evans, Professional Trader Australian dollar recovers strongly Morning Report: 08.15 London • Financial markets rallied well into the close last night, with some follow through buying in certain currencies this morning. The Australian dollar continues to out perform thanks […]
Today has been quite a trading session with risk assets rocketing higher after Mario Draghi of the European Central Bank reiterated what has already been stated. The S&P 500 Index (SPX) is posting some nice gains, but price has not taken out the recent ascending trendline illustrated in the daily chart of SPX shown below. Until that […]
Today has been quite a trading session with risk assets rocketing higher after Mario Draghi of the European Central Bank reiterated what has already been stated. The S&P 500 Index (SPX) is posting some nice gains, but price has not taken out the recent ascending trendline illustrated in the daily chart of SPX shown below. Until that […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets waiting for cues.Morning Report: 08.15 London • After heavy selling yesterday, financial markets are flat this morning despite Australian inflation data coming in below estimates overnight. • The mai n mover so far is the […]
FOREX Daily Outlook by Easy-Forex.com Greece Troika Inspection Begins Tuesday U.S. Dollar Trading (USD) the market was shaken yesterday by the collapsing confidence in Spain’s ability to fund its own debt. Spanish and Italian authorities announced a short selling ban on banks to try and stem the rout but this had limited effect and it […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets attempt rally, but euro still lags.Morning Report: 08.00 London • After heavy selling yesterday, financial markets are looking more stable despite negative outlook revisions for Germany’s credit rating last night. Improving Chinese manufacturing PMI has […]
About once a week, the editor of EWI’s forex-focused Currency Specialty Service Jim Martens records a video for his subscribers. On Thursday, July 5, with EUR/USD trading in the mid-$1.2400 range, Jim posted the video you see below. Watch as he explains how Elliott wave analysis helped him realize that EUR/USD was on its way […]
Picture this. It’s late May. You’re in Australia. You have an interest in the currency markets: Maybe you speculate in forex; maybe your business depends on the exchange rates. Every morning, you scan the headlines. This is what you see regarding the Australian dollar during the last week of May: “Aussie dollar sinks to eight-month […]
FOREX Daily Outlook by Easy-Forex.com Spanish Debt Crisis Spiraling out of Control U.S. Dollar Trading (USD) Yields on Spanish 10 year debt leapt above 7.3% on Friday in what is being dubbed ‘Black Friday’ in the Spanish Debt Crisis. Risk aversion spread like wildfire throughout the markets with 10yr US debt falling to its […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets plunge on Spain bailout fearsMorning Report: 08.00 London • Markets have started the new week in the worst possible fashion with a broad based sell off building momentum. Last week ended with fears over global […]
Trading stock around the times of earnings releases is a notoriously difficult operation because it requires accurate prediction of the direction of price movement. Wrong predictions can expose the trader to substantial loss if large unexpected moves occur against his position. Because of the risk associated with these events, many traders use options to define […]
Trading stock around the times of earnings releases is a notoriously difficult operation because it requires accurate prediction of the direction of price movement. Wrong predictions can expose the trader to substantial loss if large unexpected moves occur against his position. Because of the risk associated with these events, many traders use options to define […]
FOREX Daily Outlook by Easy-Forex.com ‘Risk On’ Trading — US Dollar Sold U.S. Dollar Trading (USD) the EUR/USD tested resistance above 1.2300 but once again failed to track US stocks higher. The USD lost further ground against other risk currencies with the AUD/USD leading the market higher. Oil in particular is soaring up another $3 […]
FOREX Daily Outlook by Easy-Forex.com ‘Risk On’ Trading — US Dollar Sold U.S. Dollar Trading (USD) the EUR/USD tested resistance above 1.2300 but once again failed to track US stocks higher. The USD lost further ground against other risk currencies with the AUD/USD leading the market higher. Oil in particular is soaring up another $3 […]
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). • […]
