European Open Market Briefing – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index hit a level not seen in nearly 17 months on Monday morning as the yen stayed weak after Emmanuel Macron was elected president of France, as a business-friendly vision of European integration helped boost investor confidence. The Nikkei rose 1.8 percent to 19,804.20, the highest since December 2015. The broader… View Article

Morning Update – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin Morning all.. Wall St closed quiet but firmer on Friday in front of the French election which macron won with some ease calming nerves across the global asset markets. The Nikkei was up 2.46% on this and had some catching up to do after being off for 3 days for Golden week. EUR rallied on… View Article

European Close Market Briefing – 05/05/2017 – by A Lakhanpal

May 6, 2017 by savi-admin In European Equity Markets stocks climbed out of the red and finished at a 21-month high Friday, as buying appetite for assets perceived as risky returned ahead of the French presidential election. The Stoxx Europe 600 index turned higher during the session, ending up 0.7 percent at 394.54, its highest since August 2015. France’s CAC 40 index finished up… View Article

EUR/USD UPDATE – 05/05/2017 (11:49am) – by Arjun Lakhanpal

May 5, 2017 by savi-admin EUR/USD UPDATE – 05/05/2017 (11:49am) – EURUSD -Price finally broke above the short term resistance 1.0950 and thru 1.0958 daily chart resistance and has gone on to mark a high at 1.0990. From this high price has sold lower to be back testing 1.0950/53 area. As previously noted a break would open up next resistance 1.1017/24… View Article

European Open Market Briefing – 05/05/2017 – by Arjun Lakhanpal

May 5, 2017 by savi-admin In Asian Equity Markets stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.4 percent on Friday and was… View Article

Morning Update – 05/05/2017 – by Arjun Lakhanpal

May 5, 2017 by savi-admin Morning all.. Another mixed and quiet session on Wall St which again closed unchanged on the day. Nikkei remains closed fr Golden week. Markets on hold now waiting for payrolls data from the US today.. There was some upbeat news as US House: approves first comprehensive plan to rework part of Dodd-Frank; US House: passes… View Article