USD/CAD Update – 06/07/2017 (11:00am) – by Arjun Lakhanpal

July 6, 2017 by savi-admin USD/CAD – 06/07/2017 (11:00am): Last week’s breakdown from the short term range lows and extension below the important 1.3165 support area maintain the overall downside risks and presents an important test at the next line of important support levels. We are now below the critcal 1.2969 support area which includes the February/October lows. A sustained break… View Article

WTI Oil Update – 06/07/2017 (10:50am) – by Arjun Lakhanpal

July 6, 2017 by savi-admin WTI Oil Update – 06/07/2017 (10:50am): Yesterday’s bearish reversal pattern can allow for some additional near term retracement after failing against the next line of key resistance. Near term pullbacks should find support at the 45.40/44.70 area (38.2/50% retracements), while the 43.70/30 zone should be a max if a deeper recovery phase can develop. The… View Article

USD/YEN Update – 06/07/2017 (10:30am) – by Arjun Lakhanpal

July 6, 2017 by savi-admin USD/YEN Update – 06/07/2017 (10:30am): The short term upside bias is intact amid the backup in US rates and today’s break of the next area of key resistance. With the push above the important 113.00/10 area (76.4% retracement), a closer test, if not break of the 114.37 May high now seems likely. Near term pullbacks… View Article

European Open Market Briefing – 06/07/2017 – by Arjun Lakhanpal

July 6, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged down on Thursday morning as ongoing tensions around North Korea continued to sap risk appetite, while the retail sector underperformed on dismal earnings from convenience stores. The Nikkei fell 0.3 percent to 20,018.87 in midmorning trade, and the broader Topix shed 0.1 percent to 1,616.43.  MSCI’s broadest index of Asia-Pacific stocks… View Article

Morning Update – 06/07/2017 – by Arjun Lakhanpal

July 6, 2017 by savi-admin Morning all.. US stocks didn’t quite know what to make of the FOMC minutes and ended the session just marginally firmer. FOMC Minutes (June 13-14 meeting):-Most policymakers: saw recent inflation softness as transitory and having little bearing on inflation trend. Several policymakers: see recent rise in import prices as consistent with inflation rising in medium term;… View Article

European Close Market Briefing – 05/07/2017 – by Arjun Lakhanpal

July 5, 2017 by savi-admin In European Equity Markets stocks rose on Wednesday at the end of a volatile session with gains among consumer stocks, led by Adidas on optimism over its upcoming earnings. A renewed slide in oil prices kept a lid on the increase, with the pan-European STOXX 600 index ending up 0.2 percent while the euro zone blue chip index closed flat. The… View Article

AUD/USD Update – 05/07/2017 (11:50am) – by Arjun Lakhanpal

July 5, 2017 by savi-admin AUD/USD Update – 05/07/2017 (11:50am): AUD remained heavy throughout yesterday’s session following the RBA remaining consistent in their rhetoric, with a market that is keen to expect further momentum away from easing bias in G10 CB’s.  The 1 change of dismissing the language around RBA Growth expectancy to be around 3% was removed, leading the… View Article

European Open Market Briefing – 05/07/2017 – by Arjun Lakhanpal

July 5, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell to its lowest level in nearly three weeks on Wednesday amid heightened tensions following North Korea’s ballistic missile launch, while automakers managed to extend gains on encouraging sales. The Nikkei share average was down 0.7 percent at 19,899.69 after falling 19,888.90, its lowest since June 16. The broader Topix… View Article

Morning Update – 05/07/2017 – by Arjun Lakhanpal

July 5, 2017 by savi-admin Morning all.. Wall St was closed yesterday and Asia did little on its own with the Nikkei closing up 0.2%. A quiet overnight session for FX following the US holiday with most currencies trading in range. JPY strengthen 0.2% acting as a safe haven to investors whilst stocks in Asia were sensitive to heightened tensions… View Article

European Close Market Briefing – 04/07/2017 – by Arjun Lakhanpal

July 4, 2017 by savi-admin In European Equity Markets a spate of dealmaking news swept European stocks on Tuesday, with Worldpay rising after bid approaches, helping mitigate a broad based pull back from the previous session’s strong gains. The pan-European STOXX 600 fell 0.3 percent, in line with a decline in euro zone stocks and Britain’s FTSE index. Payments company Worldpay… View Article