EUR/USD Update – 01/06/2017 (11:05am) – by Arjun Lakhanpal

June 1, 2017 by savi-admin EUR/USD Update – 01/06/2017 (11:05am): EUR looking constructive on the charts.. The Euro’s consolidation phase looks complete and the market is well placed to test the recent high at 1.1268 and the 1.1300 November 2016 high. It will remain bid while above the near term uptrend at 1.1035.  Rallies will find interim resistance at 1.1268… View Article

European Open Market Briefing – 01/06/2017 – by A Lakhanpal

June 1, 2017 by savi-admin In Asian Equity Markets  equities saw mixed performance with the Nikkei 225 supported by domestic data while soft Caixin PMI weighed on the Shanghai Comp. Japan’s Nikkei share average gained on Thursday, snapping a four-day losing run, lifted by upbeat domestic data and a weaker yen. The broader Topix climbed 1.1 percent to 1,586.14 and the… View Article

Morning Update – 01/06/2017 – by Arjun Lakhanpal

June 1, 2017 by savi-admin Morning all.. Wall St closed around unchanged again after early losses were recovered but Japan had a better night as strong data saw the Nikkei rally almost 1%. The rally after capital spending topped estimates and a beat in PMI data. However Chinese stocks suffered and so did the AUD after some poor Chinese data… View Article

European Close Market Briefing – 31/05/2017 – by Arjun Lakhanpal

May 31, 2017 by savi-admin In European Equity Markets stocks posted their fourth straight month of gains on Wednesday though fresh political worries and the lack of new catalysts following a surprisingly strong earnings season spurred investors to lock in some profits in banks and commodities-related stocks. The pan-European STOXX 600 index ended the day little changed and up 0.9 percent… View Article

EUR/YEN Update – 31/05/2017 (11:23am) – by Arjun Lakhanpal

May 31, 2017 by savi-admin EUR/YEN Update – 31/05/2017 (11:23am): EURJPY is hovering around 124.00, albeit maintained its offered tone for the fourth consecutive session following the release of Euro-zone flash CPI print. From a technical perspective, the cross has repeatedly managed to hold 123.65 horizontal level on daily closing basis. Hence, it would be prudent to wait for a strong… View Article

European Open Market Briefing – 31/05/2017 – by Arjun Lakhanpal

May 31, 2017 by savi-admin In Asian Equity Markets Japanese stocks decreased on Wednesday morning after weakness in U.S. shares and a stronger yen hurt sentiment, while sliding oil prices dragged down the mining sector. The Nikkei index fell 0.5 percent to 19,589.25 in midmorning trade. The broader Topix shed 0.2 percent to 1,570.06 and the JPX-Nikkei Index 400 declined 0.2 percent… View Article

Morning Update – 31/05/2017 – by Arjun Lakhanpal

May 31, 2017 by savi-admin Morning all.. Wall St slipped very slightly with the S&P down just 0.12% in a quiet session for stocks even after some encouraging data for the Fed as personal income and spending met higher expectations.. The Nikkei also has a quiet but soft session closing down 0.23% as USDJPY failed to rally after the US… View Article