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

September 7, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Thursday, pulling away from the previous session’s four-month intraday lows after news of an agreement to extend the U.S. debt limit cheered Wall Street. The Nikkei was up 0.4 percent at 19,430.19 at the end of morning trade. The broader Topix was 0.6 higher at 1,601.35 and the… View Article

Morning Update – 07/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin Morning all.. Wall St had a quiet but positive session with the S&P closing up 0.3% and US yields hardly moved all day after a steep fall the day before. Rising stocks calmed nerves and the lack of new news helped. In Asia last night the Nikkei closed up 0.18% in an extremely quiet session… View Article

European Close Market Briefing – 06/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin In European Equity Markets stocks ended a choppy session slightly higher on Wednesday, with German stocks leading the charge higher as auto makers advanced after key ratings upgrades. After opening in negative territory, the Stoxx Europe 600 index rose 0.1 percent to close at 373.95 to snap a two-session losing streak. Auto makers in Germany helped prop up the DAX… View Article

GBP/USD Update – 06/09/2017 (10:50am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin GBP/USD Update – 06/09/2017 (10:50am): GBP/USD continues to recover off the 1.2775/77 support area and has reached 1.3049 the May 2017 high again today. 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. The 1.2775/59 support zone consists… View Article

EUR/USD Update – 06/09/2017 (10:40am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin EUR/USD Update – 06/09/2017 (10:40am) : EUR/USD is side lined above the uptrend and charts suggest it will struggle to regain the 1.200 level and so attention is on the trendline support at 1.1855. We suspect that the market may have topped near term, but this will only be confirmed on a close below the… View Article

USD/YEN Update – 06/09/2017 (10:30am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin USD/YEN Update – 06/09/2017 (10:30am): Yesterday’s heavy price action amid the bearish turn in risk sentiment has shifted the focus back to critical support levels at the range lows. Failures to hold the critical 108.13 support lows would imply a deeper corrective phase into the 107.50 area, if not the 105.50-55 zone (November breakout levels)…. View Article

European Open Market Briefing – 06/09/2017 – by Arjun Lakhanpal

September 6, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index decreased to its lowest in more than four months on Wednesday, falling below a key technical support as risk appetite was sapped by North Korea tensions and the strengthening yen. The Nikkei was down 0.3 percent to 19,325.87 by the midday break, after getting as low as 19,254.67 –… View Article