AUD/USD Update – 18/08/2017 (11:20am) – by Arjun Lakhanpal

August 18, 2017 by savi-admin AUD/USD Update – 18/08/2017 (11:20am): AUD staged a solid comeback so far this Friday and jumped beyond 0.79 handle, having reversed a temporary slide witnessed a day before. The recovery in AUD/USD gained extra legs, after a risk-off induced rally in the safe-haven gold bolstered the sentiment around the resource-linked AUD, while higher copper and oil… View Article

Morning Update – 18/08/2017 – by Arjun Lakhanpal

August 18, 2017 by savi-admin Morning all.. Wall St took a hit last night and the usual rally into the close didn’t happen with the S&P closing down over 1.5% (its second-biggest drop for 2017) and the NASDAQ nearly 2%. This nervousness spilled into Asia with the Nikkei closing down 1.2%and HK down 0.54% while Australian bonds rose with the… View Article

Morning Update – 17/08/2017 – by Arjun Lakhanpal

August 17, 2017 by savi-admin Morning all.. Wall St closed marginally higher after the FOMC minutes were released which showed continuing concerns over the lack of inflation and bond yields fell, taking the dollar with them. S&P closed up 0.14% and NASDAQ 0.19%. The Fed left the door open to a September announcement on the normalisation of the balance sheet… View Article

GBP/USD Update – 16/08/2017 (12:40pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin GBP/USD Update – 16/08/2017 (12:40pm): Cable (GBP/USD) looking soft still. Yesterday GBP/USD dropped sharply to the six month support line at 1.2859 but the expected buying has been eroded and we move lower. Charts continue to suggest that the 1.3267 current August high was the end of the up move. The 1.2775/59 area will now… View Article

EUR/GBP Update – 16/08/2017 (12:40pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin EUR/GBP Update – 16/08/2017 (12:40pm): EURGBP lower after the sources comments but still looking solid on the charts.. EUR/GBP’s advance is ongoing with the 78.6% Fibonacci retracement at .9170 remaining in sight. The currency pair will stay immediately bid while it remains above the .9050 near term uptrend line. Below it lies the four month support line… View Article

USD/YEN Update – 16/08/2017 (12:30pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin USD/YEN Update – 16/08/2017 (12:30pm): EUR on the charts.. Yesterday EUR/USD retested the August 9 low at 1.1689, a fall below which is expected to be seen as long as the recent high at 1.1848 caps. In this case the 1.1612/1.1565 area will be targeted. It is where the late July low meets the five month… View Article