USD/YEN Update – 12/09/2017 (11:30am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin USD/YEN Update – 12/09/2017 (11:30am): USDJPY is so far advancing for the second consecutive session today, extending the bounce off recent yearly lows in the 107.30 region recorded last Friday. The up move, as usual, is in tandem with the strong recovery of yields in the US money markets, pushing the key 10-year reference to the 2.15%… View Article

EUR/GBP Update – 12/09/2017 (11:10am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin EUR/GBP Update – 12/09/2017 (11:10am): EURGBP broke down of its Asian/early European session consolidation phase and tumbled to one month lows, closer to the key 0.90 psychological mark. The cross came under intense selling pressure and eroded around 50-pips following the release of latest UK inflation report that showed headline CPI matched a 4-year high reading of… View Article

GBP/YEN Update – 12/09/2017 (11:05am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin GBP/YEN Update – 12/09/2017 (11:05am): The GBPJPY cross continued gaining strong traction through early European session and surged past the key 145.00 psychological mark following the release of latest UK inflation figures. The cross built on previous session’s bullish break through above the very important 200-day SMA and jumped to the highest level since early August… View Article

European Open Market Briefing – 12/09/2017 – by Arjun Lakhanpal

September 12, 2017 by savi-admin In Asian Equity Markets Japanese stocks climbed to near their highest in a month on Tuesday with all sectors rising after Wall Street rose overnight. The Nikkei rose 1.0 percent to 19,742.54 in midmorning trade, after hitting as high as 19,767.65, the highest level since Aug. 16. The broader Topix added 0.9 percent to 1,626.08, with all of… View Article

Morning Update – 12/09/2017 – by Arjun Lakhanpal

September 12, 2017 by savi-admin Morning all.. Wall st and global stocks had a very strong recovery for many reasons including the weakening of Irma and a rising USDCNY. S&P closed up 1% and the Dow up 1.19%. Asia followed and the Nikkei, helped by a strong rally in USDJPY in the US session, rose 1.09%. Fx markets were rather… View Article

European Close Market Briefing – 11/09/2017 – by Arjun Lakhanpal

September 11, 2017 by savi-admin In European Equity Markets stocks ended little changed on Friday as the euro’s rally dimmed appetite for regional stocks but talk about possible cuts to European Central Bank stimulus boosted banks. The broader pan-European STOXX 600 benchmark edged 0.15 percent higher, while euro zone blue chips ended unchanged. After suffering four straight sessions in the red, European… View Article

EUR/USD Update – 11/09/2017 (14:15pm) – by Arjun Lakhanpal

September 11, 2017 by savi-admin EUR/USD Update – 11/09/2017 (14:15pm): EUR breaking some s/t chart support here at 1.1980-75 zone, below which the pair is likely to accelerate the fall towards the 1.1920-15 region en-route the 1.1900 handle if the dollar continues to rebound.

EUR/GBP Update – 11/09/2017 (13:20pm) – by Arjun Lakhanpal

September 11, 2017 by savi-admin EUR/GBP Update – 11/09/2017 (13:20pm) – by Arjun Lakhanpal: EURGBP has been falling most of the session and a lot of that can be attributed to cross-driven weakness, with the EUR/GBP cross extending its recent corrective slide from yearly tops and taking out some stops though the 0.9100 handle. Immediate support in EUR now seen… View Article