USD/YEN Update – 11/09/2017 (11:20am) – by Arjun Lakhanpal

September 11, 2017 by savi-admin USD/YEN Update – 11/09/2017 (11:20am): USD/JPY started the week on a high note as the demand for the safe-haven JPY weakened on strengthening risk appetite. As of writing, the pair was trading at its fresh session low of 108.70, gaining 0.82% on the day. Some chart resistance expected at 109.00 in USDJPY and at 109.25… View Article

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

September 11, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei rallied to a one-week high on Monday morning after the dollar recovered against the yen, lifting recently battered exporters and financial stocks which had stumbled amid the simmering tensions on the Korean peninsula. The Nikkei index rose 1.5 percent to 19,560.40 in midmorning trade, after hitting a high of 19,567.03,… View Article

Morning Update – 11/09/2017 – by Arjun Lakhanpal

September 11, 2017 by savi-admin Morning all..Wall St closed quietly mixed on Friday with the S&P down 0.15% and the Dow up 0.06% as many refused to hold much risk into the weekend on fears that N. Korea may be playing with fireworks again. The relief in Asia when nothing untoward took place was palpable with the Nikkei rising 1.3%… View Article

European Open Market Briefing – 08/09/2017 – by Arjun Lakhanpal

September 8, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell near four-month lows on Friday while the broader Topix was almost flat as investors held off buying on concerns North Korea could launch another missile test on its important national holiday over the weekend. The Nikkei fell 0.4 percent to 19,322.74, near Wednesday’s four-month low of 19,254. The… View Article

European Close Market Briefing – 07/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin In European Equity Markets stocks rose on Thursday after the European Central Bank reaffirmed its ultra-easy policy stance and said details on cutting its massive stimulus would come in October. While the pan-European STOXX 600 index was up 0.5 percent, the export oriented German blue-chip index rose 1 percent to its highest level in more than six weeks.  Banks have… View Article

EUR/YEN Update – 07/09/2017 (11:30am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin EUR/YEN Update – 07/09/2017 (11:30am): EURJPY in a choppy range.. . Marginal new highs are not sustained and the market swings sharply back into the range –risks are growing on the downside. Attention is on the 55 day moving average, now at 129.44, below here will target the 127.57 August low. A drop below the… View Article

USD/YEN Update – 07/09/2017 (11:20am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin USD/YEN Update – 07/09/2017 (11:20am): USD/JPY recovery has faltered and attention is back on the April low at 108.13, this must hold for near term stability to be maintained and for scope to the 111.02/09 current August high and 55 day ma. Above here would target the 112.42, the 200 day ma. There is scope… View Article

AUD/USD Update – 07/09/2017 (11:10am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin AUD/USD Update – 07/09/2017 (11:10am):  AUD/USD is struggling to maintain a break above .8000 and is its possible that this is a false break higher. For now it stays bid above the 3 month uptrend at 0.7911, for now we are a little concerned about the lack of follow through but are unable to rule… View Article

GBP/USD Update – 07/09/2017 (11:00am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin GBP/USD Update – 07/09/2017 (11:00am): GBP/USD continues to recover off the 1.2775/77 support area and has reached 1.3080 61.8% retracement of the last leg lower. The near term uptick is expected to terminate ahead of the 78.6% retracement at 1.3162, and just ahead of here lies the 1.3126 July 18 high. Minor support lies at 1.2938… View Article