September 27, 2017
AUD/USD Update – 27/09/2017 (11:00am): AUD still under pressure having broken trend support at .7955.. The short term corrective phase continues to develop as we monitor key initial support levels to confirm the onset of a deeper retracement. Again, the more immediate focus is on the .7870/.7807 support zone and August lows with breaks confirming the… View Article
September 27, 2017
Morning all.. Wall St closed rather mixed but quiet with Dow down marginally and the S&P unchanged in an uneventful session but in FX we saw the rebound of USDJPY and USDCHF and continued dollar strength across the board. The higher USDJPY helping the Nikkei to close up 0.3%. Most currencies were range bound with… View Article
September 27, 2017
In European Equity Markets stocks were flat on Tuesday after a selloff in technology shares on Wall Street and as tensions over Korea persisted, while investors were awaiting further clues on whether U.S. interest rates will rise in December. German drugs and chemicals maker Merck rose 2 percent as UBS initiated coverage with a “buy” rating, saying its ability… View Article
September 26, 2017
USD/YEN Update – 26/09/2017 (12:20pm): Charts suggest a dip below the overnight low of 111.46 is not ruled out. That said, the next support at 111.10 is a major level and is unlikely to yield so easily. Resistance is at 112.05 followed by 112.35. Further up, the 112.70 level remains as a solid resistance and is… View Article
September 26, 2017
EUR/USD Update – 26/09/2017 (12:00pm): EUR weakness still a theme. Risk-off moods fueled by escalating geopolitical tensions between the US and North Korea appear to have eased a bit, thereby triggering the demand for the higher-yielding assets such as the equities, Treasury yields etc.. In the 4 hours chart, the price is developing below all of its… View Article
September 26, 2017
In Asian Equity Markets Japan’s Nikkei average fell slightly on Tuesday morning as tech shares and Apple suppliers declined, tracking their U.S. counterparts overnight, while concerns over North Korea sapped risk appetite. The Nikkei was effectively flat, down 0.1 percent at 20,377.29 by the midday break, moving away from a two-year high of 20,481.27 hit last… View Article
September 26, 2017
Morning all.. Wall St finished a nervous session slightly lower with the S&P down 0.22% but tech stocks remained weak with the Nasdaq down 0.88%. FX markets were constrained in tight ranges with USDJPY remaining near the lows. This pressured the Nikkei which closed down 0.33%. The risk off environment after the latest North Korean… View Article
September 25, 2017
In European Equity Markets stocks edged higher in cautious trade on Monday after German Chancellor Angela Merkel secured a fourth term but saw her party weakened by a rise in support for the far-right. Both the pan-European STOXX 600 and euro zone blue chips were 0.1 percent higher – a more moderate reaction than the currency market… View Article
