GBP/USD Update – 21/06/2017 (10:51am) – by Arjun Lakhanpal

June 21, 2017 by savi-admin Cable making new session lows as Europe walks in..GBP remains weak on the charts having broken below 1.2640. For a while now it has struggled at its 55 day moving average at 1.2811 and while capped by its 20 day ma at 1.2836 it will maintain a bearish bias. Charts now suggest losses to extend… View Article

European Open Market Briefing – 21/06/2017 – by A Lakhanpal

June 21, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged down on Wednesday morning after a slightly stronger yen sapped risk appetite, while mining stocks underperformed on the back of weaker oil prices. The Nikkei fell 0.1 percent to 20,209.00 in midmorning trade, moving away from near two-year highs marked previous day. MSCI’s broadest index of Asia-Pacific stocks outside… View Article

Morning Update – 21/06/2017 – by Arjun Lakhanpal

June 21, 2017 by savi-admin Morning all.. A quiet session on Wall St but a rather weak one as stocks drifted away from record highs with S&P down 0.67% and Nasdaq down 0.82%. The Nikkei followed, aided and abetted by a weaker USDJPY and closed down 0.5% whilst Chinese stocks nudged higher as China was accepted into the MSCI after… View Article

EUR/USD Update – 20/06/2017 (12:05pm) – by Arjun Lakhanpal

June 20, 2017 by savi-admin EUR/USD Update – 20/06/2017 (12:05pm): EUR/USD hovers at the lower end of last week’ range, trading around 1.1150.  Early London saw German Producer Prices fall in May by 0.2% when compared to a 0.4% advance in April, up 2.8% yearly basis from previous 3.4%, and both numbers missing market’s expectations. The technical outlook is neutral-to-bearish short term,… View Article

GBP/USD Update – 20/06/2017 (11:55am) – by Arjun Lakhanpal

June 20, 2017 by savi-admin GBP/USD Update – 20/06/2017 (11:55am): GBP paring early Carney inspired losses in a quiet market.. GBPUSD has now rebounded and could retest the expected resistance area at 1.2834-77 which was acting as support previously. The long term view is still bullish. It is expected a bearish movement from this area targeting 1.2705 followed by 1.2620. But… View Article

European Open Market Briefing – 20/06/2017 – by Arjun Lakhanpal

June 20, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index probed its highest levels in nearly two years on Tuesday, powered by record highs on Wall Street and a weaker yen. The Nikkei was up 1.1 percent at the end of morning trade at 20,287.67, after rising as high as 20,318.11, its highest level since August 2015. MSCI’s broadest index… View Article

Morning Update – 20/06/2017 – by Arjun Lakhanpal

June 20, 2017 by savi-admin Morning all.. Wall St had another record close last night led mainly by the resurgence of tech stocks.. The S&P closed up 0.83% and Nasdaq up 1.42% in a general risk on session. The dollar rallied and the weaker JPY helped the Nikkei to close up 0.92%: Japanese shares climbed to the highest since August… View Article