European Open Market Briefing – 22/06/2017 – by Arjun Lakhanpal

June 22, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index erased early modest gains on Thursday and edged down, as a stronger yen took its toll on market sentiment. The Nikkei was down 0.1 percent at 20,118.25 at the end of morning trade. The broader Topix was slightly lower on the day at 1,611.14 while the JPX-Nikkei Index 400 was… View Article

Morning Update – 22/06/2017 – by Arjun Lakhanpal

June 22, 2017 by savi-admin Morning all.. Wall St closed lower but rallied off the lows into the close but was a mixed session with the Dow down 0.27%, the S&P unchanged but the NASDAQ up 0.75%.. There seems to be some rotation out of energy and mining stock and into Bio-tech and Tech stocks. The Oil fall pressed heavily… View Article

European Close Market Briefing – 21/06/2017 – by Arjun Lakhanpal

June 22, 2017 by savi-admin In European Equity Markets weakness among financial and energy sectors led stocks to fall again on Wednesday, as Provident Financial fell following a profit warning, though Italian lenders bucked the downbeat trend. Europe’s STOXX 600 fell 0.2 percent, extending the previous session’s losses slightly. Provident lost as much as 20 percent after warning that disruption from… View Article

GBP/USD Update – 21/06/2017 (10:51am) – by Arjun Lakhanpal

June 21, 2017 by savi-admin Cable making new session lows as Europe walks in..GBP remains weak on the charts having broken below 1.2640. For a while now it has struggled at its 55 day moving average at 1.2811 and while capped by its 20 day ma at 1.2836 it will maintain a bearish bias. Charts now suggest losses to extend… View Article

European Open Market Briefing – 21/06/2017 – by A Lakhanpal

June 21, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged down on Wednesday morning after a slightly stronger yen sapped risk appetite, while mining stocks underperformed on the back of weaker oil prices. The Nikkei fell 0.1 percent to 20,209.00 in midmorning trade, moving away from near two-year highs marked previous day. MSCI’s broadest index of Asia-Pacific stocks outside… View Article

Morning Update – 21/06/2017 – by Arjun Lakhanpal

June 21, 2017 by savi-admin Morning all.. A quiet session on Wall St but a rather weak one as stocks drifted away from record highs with S&P down 0.67% and Nasdaq down 0.82%. The Nikkei followed, aided and abetted by a weaker USDJPY and closed down 0.5% whilst Chinese stocks nudged higher as China was accepted into the MSCI after… View Article

EUR/USD Update – 20/06/2017 (12:05pm) – by Arjun Lakhanpal

June 20, 2017 by savi-admin EUR/USD Update – 20/06/2017 (12:05pm): EUR/USD hovers at the lower end of last week’ range, trading around 1.1150.  Early London saw German Producer Prices fall in May by 0.2% when compared to a 0.4% advance in April, up 2.8% yearly basis from previous 3.4%, and both numbers missing market’s expectations. The technical outlook is neutral-to-bearish short term,… View Article

GBP/USD Update – 20/06/2017 (11:55am) – by Arjun Lakhanpal

June 20, 2017 by savi-admin GBP/USD Update – 20/06/2017 (11:55am): GBP paring early Carney inspired losses in a quiet market.. GBPUSD has now rebounded and could retest the expected resistance area at 1.2834-77 which was acting as support previously. The long term view is still bullish. It is expected a bearish movement from this area targeting 1.2705 followed by 1.2620. But… View Article