Daily Market Report from Dave Evans
Read the Daily Market Report from Dave Evans, BetOnMarket Strategist.
Thu, 02 Sep 2010 05:47:49 GMT - Market Report: Pullback with busy day ahead
Market Report: 06.45 London Summary: Australian trade balance came in well below estimates. AUD/ JPY down 0.65%, but still well up over two days. The AUD/ USD is down 0.5%. General pullback after yesterday’s strong rally. So far nothing out of the ordinary, but there is a busy day ahead. Coming up today: UK Nationwide [...]
Thu, 02 Sep 2010 01:16:50 GMT - Have we reached a bottom? How to bet on it
Before yesterday’s rally, investor sentiment was at extreme levels of bearishness. Quantifiable Edges has a great post demonstrating the implications of this. Generally, when the crowd all reach for the panic button at the same time, it has paid to do the opposite and buy. On average, markets are higher six weeks later from this [...]
Wed, 01 Sep 2010 15:44:29 GMT - Afternoon Report: Rally time (Will it last this time?)
Market Report: 16.30 London Markets look set for their biggest one day rally since coming off the lows in July. The rally is broad based with the risk barometer of the AUD/ JPY and stock markets such as the Dow Jones & FTSE all singing from the same hymn sheet. The AUD/ JPY is up [...]
Wed, 01 Sep 2010 06:58:38 GMT - Market Report: Rebound Attempt II
Morning Report: 07.45 London Summary: Stock market futures are indicating a positive start to the day after a weak session yesterday. Chinese Manufacturing numbers came in slightly above expectations, while Australian GDP smashed estimates to come in at 1.2%. The mood has shifted to glass half full again with the yen under pressure and the [...]
Tue, 31 Aug 2010 15:47:39 GMT - Afternoon Report: Market jitters ahead of FOMC minutes
Market Report: 16.30 London This afternoon markets are fragmented and have the feel of someone lost looking for guidance. Will the release of the minutes from the last FOMC meeting provide this stability? We’ll know soon enough at 19.00 London. The day started well with strong Australian retail sales & building approvals data, followed by [...]
Tue, 31 Aug 2010 06:04:20 GMT - Morning Report: EUR/ CHF record low.
Morning Report: 07.00 London Morning Summary: US stock markets sold off steadily the close with the Dow Jones closing down 1.39%. The wider S&P 500 closed below Friday’s open, erasing the rally. Japanese stocks experienced heavy selling with the Nikkei closing down 3.20%. The glass has shifted back to being half empty with the US [...]
Mon, 30 Aug 2010 15:03:31 GMT - Market Report: Have central banks run out of ideas?
Market Report: 15.30 London Friday’s rally was, in part a rebound after days of selling. It was also built on optimism that the US Federal reserve and other central bankers would step in to re-ignite the economy once again. Expectations were very high for the Bank of Japan’s emergency meeting, both in terms of direct [...]
Mon, 30 Aug 2010 06:16:27 GMT - Morning Report: Wild swings on the yen.
Market Report: 07.00 London Monday Morning summary: European stock market futures are pointing to a positive start after late Friday evening rally in the US. This comes on the back of Friday’s comments from US FOMC chairman Ben Bernanke that the Fed is prepared to do whatever it takes to get the economy back on [...]
Fri, 27 Aug 2010 16:29:15 GMT - Afternoon Report: Rally time
Market Report: 17.15 London There have been some volatile trades today, but in the last few hours, the day has had the unmistakable feel of a rally. Stock markets have surged by over 1% with the Dow Jones finally breaking its losing streak with a meaningful rally. The day started well with better than expected [...]
Fri, 27 Aug 2010 05:32:08 GMT - Morning Report: Rebound attempt II.
Market Report: 06.30 London Yesterday US markets and forex markets opened with a positive tone then fell off for the rest of the day. This morning it looks as though the bulls are having another go, with US stock market futures up by around 0.5%. On forex markets there’s not too much movement so far [...]