GBP/USD Update – 06/09/2017 (10:50am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin GBP/USD Update – 06/09/2017 (10:50am): GBP/USD continues to recover off the 1.2775/77 support area and has reached 1.3049 the May 2017 high again today. 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. The 1.2775/59 support zone consists… View Article

EUR/USD Update – 06/09/2017 (10:40am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin EUR/USD Update – 06/09/2017 (10:40am) : EUR/USD is side lined above the uptrend and charts suggest it will struggle to regain the 1.200 level and so attention is on the trendline support at 1.1855. We suspect that the market may have topped near term, but this will only be confirmed on a close below the… View Article

USD/YEN Update – 06/09/2017 (10:30am) – by Arjun Lakhanpal

September 6, 2017 by savi-admin USD/YEN Update – 06/09/2017 (10:30am): Yesterday’s heavy price action amid the bearish turn in risk sentiment has shifted the focus back to critical support levels at the range lows. Failures to hold the critical 108.13 support lows would imply a deeper corrective phase into the 107.50 area, if not the 105.50-55 zone (November breakout levels)…. View Article

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

September 6, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index decreased to its lowest in more than four months on Wednesday, falling below a key technical support as risk appetite was sapped by North Korea tensions and the strengthening yen. The Nikkei was down 0.3 percent to 19,325.87 by the midday break, after getting as low as 19,254.67 –… View Article

Morning Update – 06/09/2017 – by Arjun Lakhanpal

September 6, 2017 by savi-admin Morning all.. Wall St had a wobble after tensions rose in N. Korea and Trump was talking trade sanctions on China; a major supplier of food and oil to NK. The S&P closed down 0.76%, the Dow down 1% and NASDAQ down 0.93% so broad losses. Asia had a much quieter night with the Nikkei… View Article

European Close Market Briefing – 05/09/2017 – by Arjun Lakhanpal

September 5, 2017 by savi-admin In European Equity Markets stocks inched lower on Tuesday dragged down by losses in the heavyweight financial sector as worries over North Korea persisted and caution grew before a ECB policy meeting later in the week. The pan-European STOXX 600 index fell 0.1 percent, giving up the slight gains seen earlier in the session, while euro… View Article

EUR/USD Update – 05/09/2017 (11:00am) – by Arjun Lakhanpal

September 5, 2017 by savi-admin EUR/USD Update – 05/09/2017 (11:00am): EURUSD traded a relatively tight range yesterday and expect relatively range bound trading ahead of the ECB where they continue to see the risks as relatively balanced with at the margin skew to higher EURUSD with dips likely to be bought on any material sell-off back towards 1.1820 area likely to… View Article