EUR/USD Update – 15/12/2017 (11:30am) – by Arjun Lakhanpal

December 15, 2017 by savi-admin EUR/USD Update – 15/12/2017 (11:30am): EUR holding minor gains on the day.. EUR presents a neutral-to-bullish stance short-term as in the 4 hours chart and technical indicators remain within positive territory. The 1.1800 level is the 38.2% retracement of the latest daily slide. The pair would need, however, to advance beyond 1.1830 to gain upward strength,… View Article

European Open Market Briefing – 15/12/2017 – by Arjun Lakhanpal

December 15, 2017 by savi-admin In Asian Equity Markets Japanese stocks fell to more than a week low on Friday morning, with mobile firms extending a sell-off on concerns of increased competition after Rakuten said it aims to become Japan’s fourth wireless carrier. Taking the cue from weak U.S. stocks overnight, the Nikkei index declined 0.7 percent to 22,525.77 in midmorning… View Article

Morning Update – 15/12/2017 – by Arjun Lakhanpal

December 15, 2017 by savi-admin Morning all.. Wall St actually had a down day but it was marginal with the S&P closing down just 0.4% after very strong Retail sales data and the Fed hiking. Asian equity markets followed suit in a quiet session with the Nikkei down a further 0.62% as USDJPY gave up gains. Hong Kong and Chinese… View Article

European Close Market Briefing – 14/12/2017 – by Arjun Lakhanpal

December 14, 2017 by savi-admin In European Equity Markets weakness in bank stocks dragged stocks lower on Thursday as the financial sector caught the cold from U.S. and Asian trading after a less hawkish than expected tone from the U.S. Federal Reserve. They dragged Europe’s STOXX 600 down 0.2 percent, while euro zone blue chips fell 0.1 percent. Tech was the worst-performing sector, with… View Article

ECB Update – 14/12/2017 (11:30am) – by Arjun Lakhanpal

December 14, 2017 by savi-admin ECB Update – 14/12/2017 (11:30am): After October’s key policy announcement from the GC, which contained the “bulk” of the highly anticipated policy announcements, desks expect no change to the ECB’s policy stance in the final meeting for the year. However, pre-October, several policymakers suggested that ‘details’ could be delivered at the December meeting and as such… View Article

BoE Update – 14/12/2017 (10:30am) – by Arjun Lakhanpal

December 14, 2017 by savi-admin BoE Update – 14/12/2017 (10:30am): BoE Update – 14/12/2017 (10:30am): BOE… The market anticipate very little urgency or appetite to make any changes to policy at this week’s meeting after the BoE delivered on market expectations for a 25bp hike last month. The more-decisive-than-expected 7-2 vote came alongside a more dovish tone with the MPC, stating… View Article

AUD/USD Update – 14/12/2017 (09:00am) – by Arjun Lakhanpal

December 14, 2017 by savi-admin AUD/USD Update – 14/12/2017 (09:00am): AUD strength.. On the charts, AUD/USD has eroded its 3 month downtrend at .7596, we look for gains to the 200 day ma at .7692, there is scope for .7740/.7815/.7925. The market is bouncing from its 2016-2017 uptrend which today is located at .7506. The market has strong support in… View Article

European Open Market Briefing – 14/12/2017 – by Arjun Lakhanpal

December 14, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index erased earlier modest gains on Thursday to edge down, while telecommunications shares withered on news that online retailer Rakuten is weighing entry into the mobile carrier market. The Nikkei was down 0.1 percent at the end of morning trading at 22,726.76. The broader Topix was also 0.1 percent lower. The… View Article