European Close Market Briefing – 10/01/2018 – by Arjun Lakhanpal

January 10, 2018 by savi-admin In European Equity Markets the pan-European Stoxx 600 closed down by 0.5 percent with most sectors trading in negative territory. Telecoms was the worst-performing sector, falling throughout the day’s trade to finish 1.9 percent lower. In particular, Swedish mobile operator Tele2 was down over 7.5 percent as some investors doubted the company would see near-term profits after buying cable group Com… View Article

European Open Market Briefing – 10/01/2018 -by Arjun Lakhanpal

January 10, 2018 by savi-admin In Asian Equity Markets Japan’s Nikkei share average took a breather on Wednesday after sharp gains, with some index-heavy stocks losing ground after the index hit a 26-year high in the previous session. The Nikkei ended 0.3 percent lower at 23,788.20, staying slightly below its 26-year high of 23,952.61. Index-heavy stocks such as chip equipment maker Tokyo… View Article

Morning Update – 10/01/2018 – by Arjun Lakhanpal

January 10, 2018 by savi-admin Morning all… Another record close on Wall St with the S&P closing up 0.13% with the Dow up 0.4% but the Nikkei slipped 0.26% on a stronger JPY. It seems that the correlation between USDJPY and US 10yr yields is being severely tested as US yields soared to highs not seen since last March at… View Article

European Close Market Briefing – 09/01/2018 – by Arjun Lakhanpal

January 9, 2018 by savi-admin In European Equity Markets indexes closed higher Tuesday as investors reacted to better-than-expected economic data and a tech rally in Asia. The pan-European Stoxx 600 closed 0.5 percent higher Tuesday. The autos sector rallied in afternoon trade, closing 1.5 percent higher. German tyre specialist Continental led the gains, finishing up over 5 percent on reports that it could restructure itself. Basic resources… View Article

EUR/GBP Update – 09/01/2018 (11:30am) – by Arjun Lakhanpal

January 9, 2018 by savi-admin EUR/GBP Update – 09/01/2018 (11:30am): EURGBP right on support… EUR/GBP has failed to clear an old Fibonacci retracement at 0.8925 and is on the defensive very near term. It has reacted back to the 200 day ma at .8832 and support is now exposed. Only while above .8810 we would allow for a move to the… View Article

USD/YEN Update – 09/01/2018 (10:15am) – by Arjun Lakhanpal

January 9, 2018 by savi-admin USD/YEN Update – 09/01/2018 (10:15am): USD/JPY will shortly encounter tougher resistance namely the 113.64/75 December highs. There is a lot of resistance directly overhead – namely the 113.92 2015-2018 downtrend line. Overhead sits the 114.38/82 major resistance, we continue to favour failure. Support can be seen at the 112.06/111.99 December 6 and 15 as well as… View Article

GBP/USD Update – 09/01/2018 (10:00am) – by Arjun Lakhanpal

January 9, 2018 by savi-admin GBP/USD Update – 09/01/2018 (10:00am): Last week’s sell-off from the 1.3614 top could have marked the starting point of a stronger setback, but for this idea to receive confirming support it would now take breaks below 1.3506/1.3473 (minor 38.2 %/pivot).  

EUR/USD Update – 09/01/2018 (9:50am) – by Arjun Lakhanpal

January 9, 2018 by savi-admin EUR/USD Update – 09/01/2018 (9:50am): Last week’s failure to clear the September high at 1.2092 established the risk of having marked a double-top, which would however only manifest on a decisive break and hourly close below 1.1955 (minor 38.2 %, i.e. below 1.1935). Above the latter the prevailing up-bias remains intact and the main resistance… View Article