EUR/GBP Update – 18/09/2017 (11:30am) – by Arjun Lakhanpal

September 18, 2017 by savi-admin EUR/GBP Update – 18/09/2017 (11:30am): GBP rally stalled its post-BoE upsurge and helped the EUR/GBP cross to stage a modest recovery from near two-month lows. With investors looking past last week’s hawkish BoE twist, a modest profit taking slide around the sterling seems to have prompted some short-covering and helped the cross to snap six consecutive… View Article

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

September 18, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index ended higher on Friday and posted its biggest weekly gain in ten months as a stronger dollar saw investors buying shares of exporters, shrugging off North Korea’s ballistic missile launch that dented risk appetite in broader Asia. The Nikkei initially fell in a knee-jerk reaction at the opening, but soon rebounded and… View Article

Morning Update – 18/09/2017 – by Arjun Lakhanpal

September 18, 2017 by savi-admin Morning all.. Wall St closed former on Friday but in a quiet session with the S&P nudging up 0.18% but it was GBP that dominated as the most dovish member of the MPC suggested he could see a hike coming.. In Asia we had another quiet session with the Nikkei closing up a solid 0.52%… View Article

European Close Market Briefing – 15/09/2017 – by Arjun Lakhanpal

September 17, 2017 by savi-admin In European Equity Markets stocks fell on Friday as another North Korean missile launch softened appetite for riskier banks and miners but still scored their strongest week since July as attractive valuations tempted investors. The pan-European STOXX 600 and euro zone stocks both fell 0.3 percent. Banks fell 0.9 percent after five straight days of gains, showing strain… View Article

USD/YEN Update – 15/09/2017 (11:50am) – by Arjun Lakhanpal

September 15, 2017 by savi-admin USD/YEN Update – 15/09/2017 (11:50am): A decisive break through the 111.00 handle seen in USDJPY, above which the pair is likely to dart towards the 112.00 level with some intermediate resistance near 111.35 area. On the flip side, 110.50-45 zone now seems to protect immediate downside, which if broken could drag the pair back towards the… View Article

EUR/USD Update – 15/09/2017 (11:40am) – by Arjun Lakhanpal

September 15, 2017 by savi-admin EUR/USD Update – 15/09/2017 (11:40am): EUR being dragged up to some extent by GBP and the recovery appears incomplete and further EUR strength towards 1.1955 seems likely. The next level at 1.1995 is a major level and is likely to be challenged but should hold.. Support is at 1.1885 followed by 1.1855.

European Open Market Briefing – 15/08/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei share average inched up on Friday with the market apparently unruffled by North Korea’s ballistic missile launch, wih the dollar remaining relatively stable against the yen despite Pyongyang’s latest challenge. The Nikkei initially fell in a knee-jerk reaction soon after the open but pared the losses and last stood at 19,835.43,… View Article

Morning Update – 15/09/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin Morning all.. Wall st closed mixed again and close to unchanged as talk of N.K prepping another missile launch smothered the better inflation data from the US. But the markets seem to have launch fatigue now as Asia ignored a missile flying above them and carried on. USDJPY and the Nikkei dropped but quickly rebounded…. View Article

European Close Market Briefing – 14/09/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin In European Equity Markets stocks ended a choppy session slightly higher, but saw gains capped as the Bank of England hinted rates could rise in coming months, and as disappointing data from China raised questions about the strength of the world’s second-largest economy. The Stoxx Europe 600 index finished 0.1 percent higher at 381.79, after earlier flipping between small… View Article