European Close Market Briefing – 12/12/2017 – by Arjun Lakhanpal

December 12, 2017 by savi-admin In European Equity Markets stocks closed in the green Tuesday, with smart-card maker Gemalto NV and retail giant Steinhoff Holdings NV scoring notable gains. The Stoxx Europe 600 index climbed 0.7 percent to end at 391.63.  Shares of smart-card maker Gemalto rose 35 percent for the Stoxx Europe 600’s biggest gain as the company reviewed an unsolicited takeover bid of €4.3… View Article

AUD/USD Update – 12/12/2017 (10:30am) – by Arjun Lakhanpal

December 12, 2017 by savi-admin AUD/USD Update – 12/12/2017 (10:30am): AUD bounces off chart support.. No change AUD/USD has sold off to and continues to sit on the uptrend, which today is located at .7506. We note the 13 count on the daily chart and the divergence of the RSI and look for a near term rebound. The market has… View Article

GBP/USD Update – 12/12/2017 (10:00am) – by Arjun Lakhanpal

December 12, 2017 by savi-admin GBP/USD Update – 12/12/2017 (10:00am): On the charts, GBP/USD has again eased back to its 20 day ma at 1.3347, which it is starting to erode. There remains an upside bias above last weeks low at 1.3320. It has recently broken above the 2014-2017 downtrend and this has introduced scope to the 1.3658/71 September high… View Article

EUR/USD Update – 12/12/2017 (09:20am) – by Arjun Lakhanpal

December 12, 2017 by savi-admin EUR/USD Update – 12/12/2017 (09:20am): EUR/USD stays negative on the charts. Yesterday we saw a small bounce higher – this is expected to remain short lived, and failed circa 1.1810 as expected. The 55 day ma has been eroded BUT we have seen NO close below here (1.1760). A close below 1.1712 the recent low should… View Article

USD/CAD Update – 12/12/2017 (08:40am) – by Arjun Lakhanpal

December 12, 2017 by savi-admin USD/CAD Update – 12/12/2017 (08:40am): As the short-term range continues to develop, last week’s impulsive bounce highlights an important test at the 1.29/1.30 resistance zone with growing risk of an upside breakout. Note this follows the effective test and hold of the important 1.2665/1.2590 support area, which includes the mid-October breakout area and the 38.2%… View Article

European Open Market Briefing – 12/12/2017 – by Arjun Lakhanpal

December 12, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged up on Tuesday morning in choppy trade supported by gains in financial stocks, mining shares and shippers, with investors on tenterhooks ahead of this week’s U.S. Federal Reserve policy meeting. The Nikkei share average rose 0.1 percent to 22,949.88 in midmorning trade, after opening flat. The broader Topix added… View Article

Morning Update – 12/12/2017 – by Arjun Lakhanpal

December 12, 2017 by savi-admin Morning all.. Wall St finished higher yet again with the S&P closing up 0.32% and the NASDAQ up over 0.5%. In Asia things were more mixed with the Nikkei closing down 0.32% in a very quiet session. In fact most Asian equities fell as traders await U.S. and European central bank meetings this week for… View Article

European Close Market Briefing – 11/12/2017 – by Arjun Lakhanpal

December 12, 2017 by savi-admin In European Equity Markets persistent weakness in tech stocks outweighed strong financials on Monday, while a climb in the euro dented euro zone markets, leaving the pan-European STOXX 600 index 0.1 percent lower. Euro zone blue-chips fell 0.3 percent as the single currency edged 0.3 percent higher, weighing on its mainly foreign-earning constituents. Britain’s FTSE meanwhile outperformed and… View Article

USD/YEN Update – 11/12/2017 (11:00am) – by Arjun Lakhanpal

December 11, 2017 by savi-admin USD/YEN Update – 11/12/2017 (11:00am): USDJPY rather stuck in a range.. With last week’s advance taking on an impulsive bias, the risk of additional upside retracement has increased. With the push above the 112.75/113.00 resistance zone (includes the mid-November breakdown area), a closer test of the November peak/medium-term range highs is likely, in our view. Failures… View Article