Morning Update – 31/05/2017 – by Arjun Lakhanpal

May 31, 2017 by savi-admin Morning all.. Wall St slipped very slightly with the S&P down just 0.12% in a quiet session for stocks even after some encouraging data for the Fed as personal income and spending met higher expectations.. The Nikkei also has a quiet but soft session closing down 0.23% as USDJPY failed to rally after the US… View Article

European Close Market Briefing – 30/05/2017 – by Arjun Lakhanpal

May 30, 2017 by savi-admin In European Equity Markets stocks fell almost across the board on Tuesday, with banks leading the charge lower after a broker downgrade and concerns over a potential early election in Italy. Renewed concerns that Greece may not make its next debt repayment also weighed on investor sentiment in Europe. The Stoxx Europe 600 index lost 0.2 percent… View Article

GBP/USD Update – 30/05/2017 (11:43am) – by Arjun Lakhanpal

May 30, 2017 by savi-admin A broader look at GBP techs..GBP/USD has sold off to the 1.2776 December high and is seeing a small rebound from here: Sterling has recently failed just ahead of 1.3060 the 29th September high. The recent new high was not confirmed by the RSI and we note the 13 count on the daily chart. The… View Article

European Open Market Briefing – 30/05/2017 – by Arjun Lakhanpal

May 30, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell on Tuesday, with the equity market feeling downward pressure from a stronger yen, which hurts big manufacturers’ export revenues. The Nikkei lost 0.5 percent to 19,487.71. The broader Topix lost 0.4 percent to 1,564.09 and the JPX-Nikkei Index 400 was also 0.4 percent lower, at 13,943.06.  MSCI’s broadest index… View Article

Morning Update – 30/05/2017 – by Arjun Lakhanpal

May 30, 2017 by savi-admin Wall St closed very quietly on Friday and was closed yesterday but Asian stocks have moved lower last night before rallying into the close.. The Nikkei closed around unchanged but concerns over N. Korea firing another test missile is keeping many nervous. This saw USDJPY fall and risk averse currencies also fell with AUDJPY lower…. View Article

European Close Market Briefing – 26/05/2017 – by Arjun Lakhanpal

May 28, 2017 by savi-admin In European Equity Markets stocks slid in thin trade on Friday as shares in energy firms and banks decreased, ending a lackluster week relatively little changed. The pan-European STOXX 600 index closed 0.2 percent lower as did the euro zone blue chips. Banks were the biggest drag, falling 0.6 percent and hitting a one-week low earlier in… View Article

European Open Market Briefing – 26/05/2017 – by Arjun Lakhanpal

May 26, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index remained solidly on track for a winning week on Friday, underpinned by record closing highs on Wall Street even as a firmer yen put a damper on sentiment. The Nikkei was down 0.3 percent at 19,753.42 in morning trade, but was still up 0.8 percent for the week. MSCI’s broadest… View Article