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 […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets rise after late session plunge Morning Report: 08.00 London • This morning, financial markets are on the rise ahead of today’s big ECB meeting. Optimism is high after Draghi’s proposals for new ECB activities were […]
Chris Vermeulen – TheGoldAndOilGuy For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States. Part of the official Republican policy adopted it at the recent Republican Convention and called for the commission to look at reestablishing the link between […]
Chris Vermeulen – TheGoldAndOilGuy For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States. Part of the official Republican policy adopted it at the recent Republican Convention and called for the commission to look at reestablishing the link between […]
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 […]
