AUD & NZD Update – 06/10/2017 (10:30am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin AUD & NZD Update – 06/10/2017 (10:30am): AUD & NZD – Both traded with an offered tone again in Asia with the USD driven higher as US FI came under pressure; this saw recent support broken in both AUDUSD at 0.7785 and NZDUSD at 0.7130.  Further catalyst to AUD weakness was provided by RBA’s Harper: *RBA’S… View Article

USD/YEN Update – 06/10/2017 (10:20am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin USD/YEN Update – 06/10/2017 (10:20am): USDJPY traded above 113.00 again overnight on broad USD/UST yield strength. The pattern in recent sessions has been USD supply on rallies and that continued overnight. 113.25 is short term resistance above which we target 114.50. Some see JPY crosses looking a little weak technically with EURJPY sub 132.40 and CADJPY… View Article

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

October 6, 2017 by savi-admin GBP/USD Update – 06/10/2017 (10:10am): The Tory party was not in great shape ahead of the conference, and not too much has changed or helped to improve it and the market seems to be happy to add to bearish conviction as the price action suggests.  However, the flow dynamic during yesterday’s move was very one… View Article

EUR/USD Update – 06/10/2017 (10:00am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin EUR/USD Update – 06/10/2017 (10:00am): EURUSD traded through 1.1700 again today, driven largely by UST yield strength and subsequent bid to the USD. ECB minutes contained several mentions/concerns over EUR strength although having been mentioned several times in the last ECB meeting itself, there was no new information really. NFP is today’s focus although many are… View Article

European Open Market Briefing – 06/10/2017 – by Arjun Lakhanpal

October 6, 2017 by savi-admin In European Equity Markets  Spanish stocks rebounded on Thursday from heavy losses in the previous session driven by escalating tensions over Catalonia, leading gains across European indexes. Spain’s ended the session up 2.5 percent, led by its banking stocks, as worries over Catalonia eased. The pan-European STOXX 600 index index closed 0.2 percent lower, while Germany’s DAX was… View Article

Morning Update – 06/10/2017 – by Arjun Lakhanpal

October 6, 2017 by savi-admin Morning all.. Wall St had another record close with the S&P up 0.56% in a session tht started and finished strongly. To some extent this followed on in Asia with the Nikkei up 0.28% and USDJPY breaking back above 113.000 but failing to take out the highs, kept the Nikkei capped. The USD continued to… View Article

Morning Update – 29/09/2017 – by Arjun Lakhanpal

September 29, 2017 by savi-admin Morning all.. Wall St managed to close in positive territory last night with the S&P up 0.12% but the Trump Tax reform euphoria weakened and saw US yields fell taking the dollar with them. In Asia we saw the Nikkei close down 0.15% as USDJPY slipped from above 113.00 to a low of 112.26 last… View Article

EUR/GBP Update – 28/09/2017 (11:40am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin EUR/GBP Update – 28/09/2017 (11:40am): EUR/GBP remains under pressure but will shortly encounter stronger support at the .8743 14th July low and we would allow for further consolidation. Between here and .8713 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend.

AUD/USD Update – 28/09/2017 (11:30am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin AUD/USD Update – 28/09/2017 (11:30am): AUD/USD remains under pressure. We have taken a brief look through the .7808 current August low, which guards good support at .7748/41. This is where the February and March highs are located and there is scope for .7686 the previous 2016-2017 resistance line,