European Open Market Briefing – 28/06/2017 – by Arjun Lakhanpal

June 28, 2017 by savi-admin In Asian Equity Markets Japanese stocks wobbled on Wednesday morning as tech shares were dragged down by falls in their U.S. counterparts overnight, while financials rallied on the back of rising U.S. yields. The Nikkei share average shed 0.2 percent to 20,181.62 in midmorning trade, while gains in banking stocks and insurers supported the broader Topix,… View Article

Morning Update – 28/06/2017 – by Arjun Lakhanpal

June 28, 2017 by savi-admin Morning all.. Wall St closed down across the board with the S&P lower by 0.8% and the NASDAQ lower by 1.6% after global bond yields rose on the back of a more hawkish ECB chief Draghi. The Nikkei fell in Asia and closed down 0.5% but the fall was tempered by a strong rally in… View Article

European Close Market Briefing – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin In European Equity Markets stocks fell on Tuesday as a decline in auto stocks after Germany’s Schaeffler cut its profit outlook and disappointment over a failed buyout of Stada offset gains among basic resources firms and Spain’s Bankia. The pan-European STOXX 600 index was down 0.8 percent, while Germany’s DAX was 0.8 percent weaker. Autos were… View Article

USD/YEN Update – 27/06/2017 (11:30am) – by Arjun Lakhanpal

June 27, 2017 by savi-admin USD/YEN Update – 27/06/2017 (11:30am): USDJPY on the charts..The short term upside bias is intact following last week’s bullish reversal pattern as the focus turns to the next line of key resistance levels for signs of an extension. The focus stays on the 112.15 resistance zone which includes the late-May high. Again, this area will… View Article

Oil Update – 27/06/2017 (11:25am) – by Arjun Lakhanpal

June 27, 2017 by savi-admin Oil Update – 27/06/2017 (11:25am): Oil has bounced but charts suggest downtrend still in place.. Despite the near term pause, the bearish backdrop in WTI remains intact after violating important support at the 43.76 May low and highlighting a deteriorating short term backdrop. In turn, the focus is now on the $42 support area and… View Article

European Open Market Briefing – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up to hover near two-year highs on Tuesday morning as a weaker yen helped exporters rise, while financial stocks rebounded from Monday’s declines. The Nikkei gained 0.4 percent to 20,233.23 in midmorning trade after hitting as high as 20,250.10 earlier. The broader Topix rose 0.4 percent to 1,618.93 and… View Article

Morning Update – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin Morning all.. Wall St managed to close marginally in the green but the NASDAQ under-performed, closing down 0.3% but Asia saw some gains with the Nikkei up 0.33% as USDJPY held gains. In fact USDJPY took out the offers up to 112.00 but failed to hold above 112.00. Asian stocks were mixed as investors awaited… View Article

European Close Market Briefing – 26/06/2017 – by Arjun Lakhanpal

June 26, 2017 by savi-admin In European Equity Markets stocks rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks and Nestle climbed to a new record after an activist investor urged changes at the consumer bellwether. Gains in bank stocks helped the pan-European STOXX 600 and the euro zone blue chip indexes rise 0.6 and… View Article