Chief Analyst

Philip Hopf is the co-founder and Chief Analyst of Daily Market Update. Our analyses are primarily based on the Elliott-Wave method and Fibonaccis. However, we also incorporate aspects of fundamentals analysis in our approach. Daily Market Update identifies accurate price targets and ... more

ALL CONTRIBUTIONS

EC Natural Gas: No Heating This Summer
The price for natural gas is ready to tackle $3.40 from a purely technical perspective. Fundamentally the market will not be able to get rid of the oversupply in contrast to the longer-term sinking demand.
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WTI/Brent - Longterm Target Over $100
In the imminent course, we expect the crude prices to drop. Brent prices should fall below $60.34 first and continue to drop under $57.40. WTI, on the other hand, should be traded under $57.27 in the first instance and then fall to around $53.93. 
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GBP/USD: Predicting A Sell-Off
There is a short opportunity in the GBP/USD.
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EC Is The Euro Dying? Analysis Of EUR/USD And EUR/GBP
I expect a stronger euro, which will also translate into rising rates against other currency pairs such as EUR/USD and EUR/GBP.
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Home Depot - Stock Forecast
There is a slight tendency towards a bullish scenario. With a probability of 62%, we see that Home Depot should overcome the threshold at $292.90.
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E Will Boeing Recover?
We consider Boeing to have one of the greatest bullish potentials among the 30 Dow Jones stocks. Capitalizing on the difficulties that arose through the Corona Pandemic, the plane builder makes sure we experience a new "air bridges" era.
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Comments

Latest Comments
Will Boeing Recover?
6 days ago

Let's hope that they clean up their mess internally, even if they blame publicly blame it on external factors.

In this article: BA
Will Boeing Recover?
6 days ago

I can certainly agree with you on several points. One particular argument in favor of their survival is the fact that Boeing is the second biggest contractor of the U.S. federal government: en....pedia.org/.../...the_U.S._federal_government

Boeing's responsibility to avoid future crashes is indispensable.

In this article: BA
We Are Not In A Bubble
10 days ago

Thank you for your feedback.

Productivity has increased in many sectors during the pandemic. This is an interesting read regarding remote workings impact on call centers: www.economist.com/.../does-working-from-home-make-employees-more-productive

Technology will likely drive general productivity and innovation further. A chart for general innovation growth is sadly not too reliable in the longer term.

In this article: DJI, SPX
We Are Not In A Bubble
10 days ago

Thank you for your feedback.

In this article: DJI, SPX
The Holy Trinity, Gold And Silver
13 days ago

My pleasure!

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