News and Events | Savi Trading

Indices Update 26th January 2015

January 26, 2015 Monday 26th January 2015 – 11.30 As largely anticipated, the opposition party Syriza has defeated the incumbent New Democracy in Greek elections held yesterday. Syriza’s leader and now Greek Prime Minister elect, Alexis Tsipras, has already pledged to form a coalition government dedicated to ending austerity. Uncertainty here could weigh in on the equities markets… View Article

EUR/USD UPDATE – 23/1/15 – 12:10:10

January 23, 2015 EUR/USD falls below $1.12 for the first time since November 2003, making new lows and this 1.1210 area is the 61.8% retracement of the entire 2000/08 rise, but finally finds some bids in front of 1.1100. A break here seen as significant and a close below rather bearish. In fact what we are seeing is… View Article

Indices Update 22nd January 2015

January 22, 2015 Thursday 22nd January 2015 – 11.00 So we come to what could be one of the most crucial days for the euro in years. This is expected the day that Mario Draghi announces a package of QE that will significantly increase the size of the ECB balance sheet possibly by around €1 trillion within the… View Article

European Market Round Up-21/01/2015-Stuart Plummer

January 21, 2015 European Market Round Up

Indices Update – 21st January 2015

January 21, 2015 Wednesday 21st January 2015 – 10.50 Despite the IMF following in the footsteps of the World Bank and downgrading their global growth forecasts, equity markets have continued to push higher, driven forward by better than expected Chinese economic numbers for December, a sharply improved German ZEW economic survey and a widespread belief that tomorrow’s ECB… View Article

GBP/USD UPDATE – 21/1/15 – 09.35:35

January 21, 2015 UK Unemployment comes in at 5.8% after 5.9% expected with 3mth change at 37k after 74k expected; Average weekly earnings come in at 1.7% after 1.7% expected; BoE minutes show a vote of 9-0 after 7-2 last…The data was pretty strong with earnings and the drop in the headline rate.. It was the vote that… View Article

Indices Update – 20th January 2015

January 20, 2015 Tuesday 20th January 2015 – 11.30 Yesterday saw another strong day of gains for European markets in the absence of US markets due to the Martin Luther King annual holiday, with another record for the German DAX. Traders remain keenly focused on Thursday’s ECB meeting where a major stimulus/QE program is widely expected to be… View Article

European Market Round Up-19/01/2015-Stuart Plummer

January 19, 2015 Market Round Up

Commodities Update – 19th January 2015

January 19, 2015 Monday 19th January 2015 – 14.15 Gold: Gold climbed to a new 2015 high at $1282 after the SNB shook the markets when they abandoned their support of the currency. It initially pushed lower on Friday, but found enough support at the $1260 level to turn things around and break higher. This recent high coincides… View Article

Indices Update – 19th January 2015

January 19, 2015 Monday 19th January 2015 – 10.40am Dax: The Dax broke much higher last week clearing the hammer that formed on Thursday and pushed to fresh new highs, moving past the 10100 level as well and trading well above the 10313.50 handle. It now looks ready to maintain higher and resume the next leg up as… View Article