Morning Update – 31/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin Morning all.. Wall St nudged a little higher again with the S&P up 0.46% after oil stocks had taken a hit earlier dragging stocks lower but oil rallied and calmed nerves, whilst the dollar held gains. USDJPY made a high of 110.63 in Asia, which helped the rally in the Nikkei which closed up 0.7%…. View Article

European Close Market Briefing – 30/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin In European Equity Markets stocks rose on Wednesday, boosting indexes higher in a rally a day after geopolitical concern caused a decline across equity markets. The pan-European STOXX 600 gained 0.7 percent, recovering nearly all the ground lost the day before when North Korea’s missile launch sparked a sell-off. Euro zone stocks and blue chips rose… View Article

AUD/USD Update – 30/08/2017 (11:00am) – by Arjun Lakhanpal

August 30, 2017 by savi-admin AUD/USD Update – 30/08/2017 (11:00am): AUD/USD near term remains bid above the 3 month uptrend at 0.7877. Our focus is on the .7980/91 July 20 and August 4 highs and this guards the .8065 recent high. Below the .7877/08 current August low and support line lies good support at .7748/41. It is where the February… View Article

European Open Market Briefing – 30/08/2017 – by Arjun Lakhanpal

August 30, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rebounded on Wednesday morning, recovering from a near four-month low as Wall Street rose and the yen weakened on receding concerns over North Korea’s firing of a missile over Japan. The Nikkei rose 0.6 percent to 19,481.44 in mid-morning trade. The broader Topix gained 0.4 percent to 1,604.32.  MSCI’s broadest index… View Article

Morning Update – 30/08/2017 – by Arjun Lakhanpal

August 30, 2017 by savi-admin Morning all.. Wall St rallied strongly and put the tensions in N. Korea behind them for now with the S&P closing up marginally and the Dow up 0.26 having been a lot lower at the open. The more bullish sentiment rolled into the Asian session with the Nikkei rallying 0.7% after NY took USDJPY over… View Article

European Close Market Briefing – 29/08/2017 – by Arjun Lakhanpal

August 29, 2017 by savi-admin In European Equity Markets rising geopolitical tensions and a rising euro sent stocks to their lowest in six months on Tuesday after a missile launch by North Korea sapped Asian markets. The pan-European STOXX 600 fell 1.5 percent, set for its worst daily performance in nearly 14 months and firmly on track to make August its… View Article

EUR/USD Update – 29/08/2017 (11:50am) – by Arjun Lakhanpal

August 29, 2017 by savi-admin EUR/USD Update – 29/08/2017 (11:50am): EUR extending gains and now through 1.2042 resistance zone (2012 low) with deeper targets at 1.2329 (2008 low). Note that an extension above here would imply the long term downtrend has been reversed.