European Close Market Briefing – 19/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin In European Equity Markets dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting. The pan-European STOXX 600 index ended flat as traders awaited clues from the Fed about plans to start unwinding its $4.2-trillion… View Article

GBP/USD Update – 19/09/2017 (11:40am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin GBP/USD Update – 19/09/2017 (11:40am): Last week’s break above key-resistance barriers at 1.3273 and at 1.3504 (2009 low) constituted a game change in favor of a new, long-term up-trend and challenged 1.3622/1.3711 (weekly trend/50 %).  The latter looks fairly strong though and could at least trigger a temporary setback to 1.3326 and 1.3296/67 (minor 38.2 %… View Article

EUR/USD Update – 19/09/2017 (11:30am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin EUR/USD Update – 19/09/2017 (11:30am): A range breakout between 1.2032 and 1.1823 is needed for directions  Following the latest failure to clear 1.2099/1.2177 (int. 38.2 % on 2 scales) the market started retreating last week, but keeps on defending key-support at 1.1830/23 (daily trend/last intra-day low) so far. That said, it now takes a range breakout between… View Article

USD/YEN Update – 19/09/2017 (11:20am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin USD/YEN Update – 19/09/2017 (11:20am): After a brief test of daily highs near 111.90, USDJPY has now lost some upside momentum and is now receded towards the 111.60 area. The pair has made 8-week tops in levels just below the critical 112.00 limestone.  The sharp rebound in yields of the key US 10-year reference is giving extra oxygen… View Article

European Open Market Briefing – 19/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose to 2-1/2 month highs on Tuesday as investor confidence was boosted by a weakening yen and strong U.S. shares, lifting cyclical stocks such as exporters and financial companies. The Nikkei gained 1.5 percent to 20,197.56 points by the midday break, after hitting as high as 20,204.30 in early… View Article

Morning Update – 19/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin Morning all.. Wall St closed mildly firmer again overnight with the S&P up just 0.15% in a quiet session as many now wait for the FOMC (Fed) meeting tomorrow evening. The dollar closed in NY quietly with GBP under pressure after Carney suggested risks remain and the US saying a trade deal was a couple… View Article

European Close Market Briefing – 18/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin In European Equity Markets stocks ended Monday’s session close to six-week highs, helped by buoyant global stock markets, stronger financials and a rally in Portugal after the euro zone member regained investment grade rating. With no new actions by North Korea over the weekend, economic recovery continued to whet appetite for the region’s equities and the pan-European STOXX… View Article

USD/YEN Update – 18/09/2017 (11:50am) – by Arjun Lakhanpal

September 18, 2017 by savi-admin USDJPY ended above the 100-DMA on Friday for the first since July 25. The pair clocked a high of 111.33 before trimming gains to close the week at 110.84 levels. The retreat from the high of 111.33 was the result of a weaker-than-expected US retail sales but the sell-off was short-lived. Repeated bearish exhaustion around… View Article