European Close Market Briefing – 07/08/2017 – by Arjun Lakhanpal

August 7, 2017 by savi-admin In European Equity Markets declines in shares of PostNL, Paddy Power Betfair and health companies outweighed strong basic resources and energy stocks on Monday, sending European shares down after robust gains in the previous session. The pan-European STOXX 600 index ended 0.1 percent lower. Euro zone blue chips also lost 0.1 percent, while Germany’s DAX fell 0.3… View Article

European Open Market Briefing – 07/08/2017 – by Arjun Lakhanpal

August 7, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei share average rose on Monday morning, led by sharp gains for Toyota Motor Corp after it upgraded its earnings outlook, while a weaker yen following strong U.S. jobs data underpinned overall sentiment. The Nikkei rose 0.6 percent to 20,080.50 in midmorning trade. The broader Topix gained 0.6 percent to 1,641.21, after… View Article

Morning Update – 07/08/2017 – by Arjun Lakhanpal

August 7, 2017 by savi-admin Morning all.. Wall St closed rather flat after the stronger Non-farm payrolls data Friday with the S&P up just 0.19% and the NASDAQ up 0.18%. The dollar rally has also been capped as US yields remained under some pressure. The 10yr sits a little lower in Asia at 2.265%. NZD was the biggest loser in… View Article

NZD/USD Update – 31/07/2017 (12:30pm) – by Arjun Lakhanpal

July 31, 2017 by savi-admin NZD/USD Update – 31/07/2017 (12:30pm): Kiwi has now reversed all of Friday’s mixed US GDP report-led up-move and today’s slide could be solely attributed to a modest pickup in the greenback demand. In fact, the key US Dollar Index moved away from 13-month lows and has been one of the key factor weighing on the major…. View Article

AUD/USD Update – 31/07/2017 (12:25pm) – by Arjun Lakhanpal

July 31, 2017 by savi-admin AUD/USD Update – 31/07/2017 (12:25pm): AUD has eroded the .8004 200 week ma but has not sustained the initial break higher. We have decent resistance at .8097/.8100 and divergence of the daily RSI and it is possible that this will hold the initial test. However dips lower should remain well supported by .7874/.7836 the April… View Article

USD/CHF Update – 31/07/2017 (12:00pm) – by Arjun Lakhanpal

July 31, 2017 by savi-admin USD/CHF Update – 31/07/2017 (12:00pm): USDCHF needs to close above .9700 to alleviate immediate downside pressure (this will signal the end of the short term downtrend by taking out the previous high). This is the July reaction high. Above here lies the .9770 mid June high but in order to reignite upside interest we suspect… View Article

EUR/USD Update – 31/07/2017 (11:54am) – by Arjun Lakhanpal

July 31, 2017 by savi-admin EUR/USD Update – 31/07/2017 (11:54am): EUR on the charts.. The bigger uptrend remains perfectly intact, but having reached the next line of key-resistance between 1.1736 and 1.1795 (int. 38.2 %/0.5 % filter) we see an increased risk for a setback towards 1.1316/1.1287 (minor 38.2 %). This risk would however only start materializing via a break below… View Article

GBP/USD Update – 31/07/2017 (11:27am) – by Arjun Lakhanpal

July 31, 2017 by savi-admin GBP/USD Update – 31/07/2017 (11:27am): with the FoMC and broader USD moves the focus last week, GBP stage out of the headlines despite playing catch up in the broader USD sell off as GBPUSD finished the week up towards YTD highs.  This week will be a different story with a very much anticipated BoE and QIR… View Article