Morning Update – 17/08/2017 – by Arjun Lakhanpal

August 17, 2017 by savi-admin Morning all.. Wall St closed marginally higher after the FOMC minutes were released which showed continuing concerns over the lack of inflation and bond yields fell, taking the dollar with them. S&P closed up 0.14% and NASDAQ 0.19%. The Fed left the door open to a September announcement on the normalisation of the balance sheet… View Article

GBP/USD Update – 16/08/2017 (12:40pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin GBP/USD Update – 16/08/2017 (12:40pm): Cable (GBP/USD) looking soft still. Yesterday GBP/USD dropped sharply to the six month support line at 1.2859 but the expected buying has been eroded and we move lower. Charts continue to suggest that the 1.3267 current August high was the end of the up move. The 1.2775/59 area will now… View Article

EUR/GBP Update – 16/08/2017 (12:40pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin EUR/GBP Update – 16/08/2017 (12:40pm): EURGBP lower after the sources comments but still looking solid on the charts.. EUR/GBP’s advance is ongoing with the 78.6% Fibonacci retracement at .9170 remaining in sight. The currency pair will stay immediately bid while it remains above the .9050 near term uptrend line. Below it lies the four month support line… View Article

USD/YEN Update – 16/08/2017 (12:30pm) – by Arjun Lakhanpal

August 16, 2017 by savi-admin USD/YEN Update – 16/08/2017 (12:30pm): EUR on the charts.. Yesterday EUR/USD retested the August 9 low at 1.1689, a fall below which is expected to be seen as long as the recent high at 1.1848 caps. In this case the 1.1612/1.1565 area will be targeted. It is where the late July low meets the five month… View Article

Morning Update – 16/08/2017 – by Arjun Lakhanpal

August 16, 2017 by savi-admin Morning all.. Wall St had a very subdued session after what was seen as strong retail sales data with Wall St closing close to unchanged across the board. It was the same in Asia which had a very quiet session with the Nikkei closing unchanged also, as we wait for the FOMC (Fed) minutes tonight…. View Article

EUR/GBP Update – 15/08/2017 (11:30am) – by Arjun Lakhanpal

August 15, 2017 by savi-admin EUR/GBP Update – 15/08/2017 (11:30am): EURGBP stays immediately bid while above the .9022 near term uptrend and the .8894 channel. The up move remains intact above here. Above last week’s high at .9119 introduces scope to the .9170 78.6% retracement.

Morning Update – 15/08/2017 – by Arjun Lakhanpal

August 15, 2017 by savi-admin Morning all.. Wall St had a better day as fears over conflict with N. Korea subsided and the S&P rose by 1%, NASDAQ by 1.3% and the Dow by 0.62% so a solid day. This spilled over into the Asian markets that saw the Nikkei up 1.3%. The risk on sentiment is on view as… View Article

USD/CHF Update – 14/08/2017 (13:30PM) – by Arjun Lakhanpal

August 14, 2017 by savi-admin USD/CHF Update – 14/08/2017 (13:30PM): USD/CHF’s recent rally terminated at the 50% retracement at .9772 and the market is back under pressure: The market has recently been rejected by the .9770 mid-June high and slipped to .9583 last week, before recovering slightly. Failure there would imply a return visit to the .9444/39 recent low and… View Article

USD/YEN Update – 14/08/2017 (11:45am) – by Arjun Lakhanpal

August 14, 2017 by savi-admin USD/YEN Update – 14/08/2017 (11:45am): USDJPY saw weakness extend further on Friday, prodding briefly below support from the June low at 108.83, only to be met by fresh buying. Overnight is seeing this bounce continue, however, we see strength as corrective and look for a move back to support at 109.34 initially, then 108.92, ahead… View Article