European Close Market Briefing – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 by savi-admin In European Equity Markets stocks closed in the green on Tuesday, with French shares among the biggest advancers as eurozone economic activity remained at a six-year high.  The pan-European STOXX 600 index ended up 0.2 percent. Germany’s DAX was up 0.3 percent while euro zone blue chips gained 0.5 percent. European tech firms were standout performers,… View Article

AUD/USD Update – 23/05/2017 (11:48am) – by Arjun Lakhanpal

May 23, 2017 by savi-admin AUD has maintained its strong bid tone for the third consecutive session and jumped to near three-week highs, beyond the key 0.75 psychological mark. On a sustained move above 0.7500-0.7510 area, the pair is likely to aim towards testing 50-day SMA hurdle near 0.7530-35 zone en-route 100-day SMA resistance near 0.7555 region. On the downside,… View Article

European Open Market Briefing – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 by savi-admin In Asian Equity Markets Japanese stocks were flat on Tuesday morning as a risk-averse mood kept investors sidelined following an explosion in the English city of Manchester, which lifted the safe-haven yen and depressed some export-oriented shares. The Nikkei index fell 0.1 percent to 19,662.91 in midmorning trade. The broader Topix was up 0.1 percent to 1,568.40… View Article

Morning Update – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 by savi-admin Morning all.. Wall St closed up 0.52% as confidence returns to stock investors but Asia markets were rather soft with Nikkei closing down 0.46% after news from Manchester and USDJPY weakened back below 111.00 on the news. The dollar was weak still overnight across the board with EUR holding gains. However, EU Officials: EZ Finance… View Article

European Close Market Briefing – 22/05/2017 – by Arjun Lakhanpal

May 22, 2017 by savi-admin In European Equity Markets  stocks ended a choppy session slightly lower, weighed by German stocks, as the euro rallied after comments about the shared currency by German Chancellor Angela Merkel. The Stoxx Europe 600 index fell 0.1 percent to 391.14. Aegon NV climbed 6.5 percent after the Dutch insurer said it would sell its two largest U.S. life… View Article

WTI Update – 22/05/2017 (13:15pm) – by Arjun Lakhanpal

May 22, 2017 by savi-admin WTI Update – 22/05/2017 (13:15pm): With OPEC meeting this week, these may factor into the run-in to Thursdays meeting.. The recovery phase continues to play out as the reversal from this month’s low maintains an impulsive bias. The sustained break back above the 47.00-50 area has led to a test of the 50/52 zone –… View Article

GBP/USD Update – 22/05/2017 (10:24am) – by Arjun Lakhanpal

May 22, 2017 by savi-admin GBP/USD UPDATE – 22/05/2017 (10:24am): GBP has started the week with an offered tone, with GBPUSD back below 1.3000 as London walk in due to this tightening in the election. Data is light this week with the first print of Q1 GDP released on Thursday. Overnight saw House Price data come in at +1.2% MoM… View Article