Daily Market Report from Dave Evans
Read the Daily Market Report from Dave Evans, BetOnMarket Strategist.
Thu, 29 Jul 2010 15:55:48 GMT - Afternoon report: Swiss franc rallies, pound slumps
Market Report: 16.45 GMT There are some interesting moves afoot today on currency and stock markets. The Dow Jones (Wall Street) and other indices continue to struggle after the rapid rally from 10,100. Stocks did open higher but have been steadily beaten back throughout the day. This is best seen on the tech heavy Nasdaq [...]
Thu, 29 Jul 2010 07:20:14 GMT - Morning Market Moves: Risk takers buying the dip
Market Report: 08.00 GMT Morning market summary: Last night, as expected the Royal Bank of New Zealand voted to raise interest rates to 3%. On the down side, the trade balance came in lower than expected. The NZD/ USD his bidding higher, up 0.82% on the day. UK Nationwide House Price Index falls more than [...]
Wed, 28 Jul 2010 15:03:54 GMT - Afternoon report: Markets pull back
Market Report: 15.45 This afternoon stock markets are continuing the low volume moves typical of July. Today we are seeing a continuation of the overbought pullback which started with yesterday’s indecision. The FTSE 100 is pulling back the furthest, down nearly 1% today. It’s interesting to note the tendency in the FTSE 100 for trends [...]
Wed, 28 Jul 2010 05:15:53 GMT - Aussie dollar sell off.
Market Report: 06.00 GMT This morning’s main talking point is Australian Consumer Price Growth surprisingly missing expected levels. CPI came in at 0.6% vs the expected 1%. This has causes traders to hit the sell button on the AUD/ JPY and AUD/ USD as further interest rate hike expectations get pushed further into the future. [...]
Tue, 27 Jul 2010 14:54:00 GMT - Stock markets pause, pound and US dollar rally
Market update: 16.00 GMT This afternoon, world stock markets have paused for breath after three straight solid sessions. After rallying close to 10,600, the Dow Jones (Wall Street) is now flat for the day, as is the wider S&P 500 and Nasdaq 100. On forex markets, the US dollar appears to have finally found some [...]
Tue, 27 Jul 2010 05:29:02 GMT - Which forex pair has gone from zero to hero?
Market update: 06.30 GMT No movement throughout the Asian session again today and it’s clear that traders are keen to let the European session shape the course of the day. Last night the Dow Jones poked its head above water, closing in positive territory for 2010. Coming up today we have the US Case-Schiller Composite [...]
Mon, 26 Jul 2010 15:11:12 GMT - EUR/ JPY trade idea.
Market update: 16.00 GMT This afternoon stock markets and ‘risk on’ forex pairs such as the GBP/ USD and EUR/ USD are bidding modestly higher, helped by the better than expected US new home sales. There appears to be a growing consensus that the European bank stress tests were a bit of a non event [...]
Mon, 26 Jul 2010 05:36:16 GMT - Early Market report: Forex markets quiet start to the week
Market Report: 06.30 GMT There’s not much to shout about so far this morning with stock markets and forex pairs indicating a quiet session (At least a quiet start to the session anyway). Friday evening saw a US rally into the close which could augur well for coming week as a sign that speculators were [...]
Fri, 23 Jul 2010 17:16:30 GMT - Markets unsure of stress test results
Update: 18.00 GMT The stress test results are in and markets are…. confused. They say a picture paints a thousand words and the action on the Dow Jones & EUR/ USD sums the afternoon’s reaction up perfectly. I still wouldn’t discount a late session US sell off if a trend doesn’t emerge in the next [...]
Fri, 23 Jul 2010 14:50:04 GMT - Euro sinks on stress test fears, wider market waits
Market update: 15.45 GMT This afternoon the euro has taken a dive ahead of the release of the European bank stress test results around 5PM London time. At the same time, the pound is soaring after betting than expected GDP numbers. This has caused the EUR/ GBP to slump as the two currencies move in [...]