USD/YEN Update – 15/09/2017 (11:50am) – by Arjun Lakhanpal

September 15, 2017 by savi-admin USD/YEN Update – 15/09/2017 (11:50am): A decisive break through the 111.00 handle seen in USDJPY, above which the pair is likely to dart towards the 112.00 level with some intermediate resistance near 111.35 area. On the flip side, 110.50-45 zone now seems to protect immediate downside, which if broken could drag the pair back towards the… View Article

EUR/USD Update – 15/09/2017 (11:40am) – by Arjun Lakhanpal

September 15, 2017 by savi-admin EUR/USD Update – 15/09/2017 (11:40am): EUR being dragged up to some extent by GBP and the recovery appears incomplete and further EUR strength towards 1.1955 seems likely. The next level at 1.1995 is a major level and is likely to be challenged but should hold.. Support is at 1.1885 followed by 1.1855.

European Open Market Briefing – 15/08/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei share average inched up on Friday with the market apparently unruffled by North Korea’s ballistic missile launch, wih the dollar remaining relatively stable against the yen despite Pyongyang’s latest challenge. The Nikkei initially fell in a knee-jerk reaction soon after the open but pared the losses and last stood at 19,835.43,… View Article

Morning Update – 15/09/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin Morning all.. Wall st closed mixed again and close to unchanged as talk of N.K prepping another missile launch smothered the better inflation data from the US. But the markets seem to have launch fatigue now as Asia ignored a missile flying above them and carried on. USDJPY and the Nikkei dropped but quickly rebounded…. View Article

European Close Market Briefing – 14/09/2017 – by Arjun Lakhanpal

September 15, 2017 by savi-admin In European Equity Markets stocks ended a choppy session slightly higher, but saw gains capped as the Bank of England hinted rates could rise in coming months, and as disappointing data from China raised questions about the strength of the world’s second-largest economy. The Stoxx Europe 600 index finished 0.1 percent higher at 381.79, after earlier flipping between small… View Article

BoE Update – 14/09/2017 (11:20am) – by Arjun Lakhanpal

September 14, 2017 by savi-admin BoE Update – 14/09/2017 (11:20am): While the Bank of England is widely expected to keep policy unchanged today, some are clearly now looking for two signals that could mark a positive turning point in GBP sentiment and end the ‘Great British Sell-off’ in currency markets.. One is the vote moving to 6-3. Also Expect BoE to… View Article

GBP/USD Update – 14/09/2017 (11:10am) – by Arjun Lakhanpal

September 14, 2017 by savi-admin GBP/USD Update – 14/09/2017 (11:10am): Cable shed over a cent since yesterday’s fresh cycle tops around 1.3330 following a strong rebound in the demand for the US Dollar, particularly in response to rising speculations over Trump’s plans to finally implement his promised tax reform. A break above 1.3300 (high Sep.12) would open the door to 1.3329… View Article

European Open Market Briefing – 14/09/2017 – by Arjun Lakhanpal

September 14, 2017 by savi-admin In Asian Equity Markets Japanese stocks were steady in choppy trade on Thursday morning, as weak Chinese economic data offset early gains when the broader Topix index hit the highest level in more than two years. The Nikkei was flat at 19,873.62. MSCI’s broadest index of Asia-Pacific stocks outside Japan edged down 0.1 percent after rising to… View Article

Morning Update – 14/09/2017 – by Arjun Lakhanpal

September 14, 2017 by savi-admin Morning all.. Wall St had a rather quiet session even as US yields continued to bounce aggressively off the recent lows with the S&P closing up 0.08% (unchanged really) but despite the rally in USDJPY extending, the Nikkei closed down 0.25%. Elsewhere in FX markets, Antipodean currencies were the biggest movers overnight. AUDUSD appreciated 40… View Article