September 25, 2017
USD/YEN Update – 22/09/2017 (11:50am): With no physical escalation from North Korea over the weekend, USDJPY opened up cautiously above 112.00 and traded up to 112.53 before stalling amidst some supply from real money accounts. Abe has apparently told his coalition party Komeito that he will dissolve the lower house on 28th Sept, with the potential… View Article
September 25, 2017
EUR/USD Update – 22/09/2017 (11:40am): Both Merkel’s CDU and the SPD got the fewest votes in decades. With the SPD ruling out a coalition, the most likely outcome will be a CGU/Greens/FDP government (Jamaica) although negotiations will take time. The AFD did better than expected highlighting that the global decline in mainstream politics has reached… View Article
September 25, 2017
In Asian Equity Markets Japan’s Nikkei index rose on Monday morning as a weaker yen lifted exporter shares, while expectations for a snap election continued to support overall sentiment. The Nikkei rose 0.6 percent to 20,414.93 by the midday break, after adding 1.9 percent last week and hitting a two-year high of 20,481.27. The broader Topix gained 0.6… View Article
September 25, 2017
Morning all…Wall St closed mixed with the Dow marginally lower and the S&P just in the green in a quiet finish to the week. In Asia we saw the Nikkei up by a solid o.53% as the JPY weakened on talk that PM Abe will speak today suggesting a new spending programme and possibly calling… View Article
September 25, 2017
In European Equity Markets stocks steadied on Friday, as tensions over North Korea kept some investors on the sidelines ahead of a national election in Germany that conservative Chancellor Angela Merkel looks set to win. The pan-European STOXX 600 index closed 0.1 percent higher. Britain’s FTSE 100 outperformed with a 0.6 percent gain, buoyed by a fall in sterling… View Article
September 22, 2017
USD/CHF Update – 22/09/2017 (11:45pm): Occasional dips in USD/CHF are seen holding around the 0.9640 area looking at the charts. USDCHF has seen an initial rejection from the 0.9747 three month downtrend. Intraday dips are indicated to hold circa .9640 and we maintain an upside bias above 0.9570.
September 22, 2017
EUR/YEN Update – 22/09/2017 (11:30pm): EUR/JPY has reached its initial target – the 134.32/61.8% of the move down from 2014.. Momentum looks strong and above 134.32/58 would target the 1979-2017 resistance line at 139.12. Intraday dips will find some support offered by the 131.90 end of August high.
September 22, 2017
In Asian Equity Markets Japan’s Nikkei index fell in choppy trade early on Friday, moving away from two-year highs as rising geopolitical tensions over North Korea sapped risk appetite. The Nikkei fell 0.3 percent to 20,287.09 in midmorning trade, after opening in positive territory. For the week, the Nikkei is still up 2.0 percent. The broader Topix fell… View Article
September 22, 2017
Morning all.. Wall St fell with the S&P closing down 0.3% as fears rise that N.K may react badly to new sanctions from Trump. This also stalled the dollar rally. The theme continues into Asia where the Nikkei fell 0.23% and USDJPY remained under pressure, falling to alow of 111.65 at one stage. US yields… View Article
September 22, 2017
In European Equity Markets banking stocks drove bourses higher on Thursday after the U.S. Federal Reserve signaled a likely December rate hike and announced it would begin trimming its balance sheet in October. The pan-European STOXX 600 ended up 0.3 percent while euro zone stocks and blue-chips rose 0.4 percent as the U.S. central bank’s optimism on… View Article
