EUR/GBP Update – 20/09/2017 (11:30am) – by Arjun Lakhanpal

September 20, 2017 by savi-admin EUR/GBP Update – 20/09/2017 (11:30am): EURGBP some way off support. Between .8743 14th July low and .8698 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend. Intraday rallies are indicated to hold below 8875/.8935.

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

September 20, 2017 by savi-admin GBP/USD Update – 19/09/2017 (11:20am): GBP/USD remains bid and just below critical medium term resistance at 1.3622/70, which represents a double Fibo and the 2014-2017 downtrend. Given the convergence of resistance here we would expect this upper level to hold the initial test and provoke some profit taking. However currently the intraday Elliott wave counts are… View Article

European Open Market Briefing – 20/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index was nearly flat on Wednesday morning after scaling more than two-year highs on the previous day, while investors stayed cautious before the U.S. Federal Reserve’s policy meeting which ends later in the day. The Nikkei was flat at 20,302.96 in midmorning trade, after rising 2.0 percent to hit the… View Article

Morning Update – 20/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin Morning all.. Wall St climbed to new record highs again in the Dow and the S&P closed up 0.11% in what was a very quiet session again as we wait for the Fed. The Nikkei was also close to unchanged with many waiting for the FOMC meeting tonight where Yellen is expected to announce the start… View Article

European Close Market Briefing – 19/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin In European Equity Markets dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting. The pan-European STOXX 600 index ended flat as traders awaited clues from the Fed about plans to start unwinding its $4.2-trillion… View Article

GBP/USD Update – 19/09/2017 (11:40am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin GBP/USD Update – 19/09/2017 (11:40am): Last week’s break above key-resistance barriers at 1.3273 and at 1.3504 (2009 low) constituted a game change in favor of a new, long-term up-trend and challenged 1.3622/1.3711 (weekly trend/50 %).  The latter looks fairly strong though and could at least trigger a temporary setback to 1.3326 and 1.3296/67 (minor 38.2 %… View Article

EUR/USD Update – 19/09/2017 (11:30am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin EUR/USD Update – 19/09/2017 (11:30am): A range breakout between 1.2032 and 1.1823 is needed for directions  Following the latest failure to clear 1.2099/1.2177 (int. 38.2 % on 2 scales) the market started retreating last week, but keeps on defending key-support at 1.1830/23 (daily trend/last intra-day low) so far. That said, it now takes a range breakout between… View Article

USD/YEN Update – 19/09/2017 (11:20am) – by Arjun Lakhanpal

September 19, 2017 by savi-admin USD/YEN Update – 19/09/2017 (11:20am): After a brief test of daily highs near 111.90, USDJPY has now lost some upside momentum and is now receded towards the 111.60 area. The pair has made 8-week tops in levels just below the critical 112.00 limestone.  The sharp rebound in yields of the key US 10-year reference is giving extra oxygen… View Article

European Open Market Briefing – 19/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose to 2-1/2 month highs on Tuesday as investor confidence was boosted by a weakening yen and strong U.S. shares, lifting cyclical stocks such as exporters and financial companies. The Nikkei gained 1.5 percent to 20,197.56 points by the midday break, after hitting as high as 20,204.30 in early… View Article