European Close Market Briefing – 07/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin In European Equity Markets stocks rose on Thursday after the European Central Bank reaffirmed its ultra-easy policy stance and said details on cutting its massive stimulus would come in October. While the pan-European STOXX 600 index was up 0.5 percent, the export oriented German blue-chip index rose 1 percent to its highest level in more than six weeks.  Banks have… View Article

EUR/YEN Update – 07/09/2017 (11:30am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin EUR/YEN Update – 07/09/2017 (11:30am): EURJPY in a choppy range.. . Marginal new highs are not sustained and the market swings sharply back into the range –risks are growing on the downside. Attention is on the 55 day moving average, now at 129.44, below here will target the 127.57 August low. A drop below the… View Article

USD/YEN Update – 07/09/2017 (11:20am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin USD/YEN Update – 07/09/2017 (11:20am): USD/JPY recovery has faltered and attention is back on the April low at 108.13, this must hold for near term stability to be maintained and for scope to the 111.02/09 current August high and 55 day ma. Above here would target the 112.42, the 200 day ma. There is scope… View Article

AUD/USD Update – 07/09/2017 (11:10am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin AUD/USD Update – 07/09/2017 (11:10am):  AUD/USD is struggling to maintain a break above .8000 and is its possible that this is a false break higher. For now it stays bid above the 3 month uptrend at 0.7911, for now we are a little concerned about the lack of follow through but are unable to rule… View Article

GBP/USD Update – 07/09/2017 (11:00am) – by Arjun Lakhanpal

September 7, 2017 by savi-admin GBP/USD Update – 07/09/2017 (11:00am): GBP/USD continues to recover off the 1.2775/77 support area and has reached 1.3080 61.8% retracement of the last leg lower. The near term uptick is expected to terminate ahead of the 78.6% retracement at 1.3162, and just ahead of here lies the 1.3126 July 18 high. Minor support lies at 1.2938… View Article

European Open Market Briefing – 07/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Thursday, pulling away from the previous session’s four-month intraday lows after news of an agreement to extend the U.S. debt limit cheered Wall Street. The Nikkei was up 0.4 percent at 19,430.19 at the end of morning trade. The broader Topix was 0.6 higher at 1,601.35 and the… View Article

Morning Update – 07/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin Morning all.. Wall St had a quiet but positive session with the S&P closing up 0.3% and US yields hardly moved all day after a steep fall the day before. Rising stocks calmed nerves and the lack of new news helped. In Asia last night the Nikkei closed up 0.18% in an extremely quiet session… View Article

European Close Market Briefing – 06/09/2017 – by Arjun Lakhanpal

September 7, 2017 by savi-admin In European Equity Markets stocks ended a choppy session slightly higher on Wednesday, with German stocks leading the charge higher as auto makers advanced after key ratings upgrades. After opening in negative territory, the Stoxx Europe 600 index rose 0.1 percent to close at 373.95 to snap a two-session losing streak. Auto makers in Germany helped prop up the DAX… View Article