News and Events | Savi Trading

Dollar index finding support at the December 2013 lows

March 3, 2014 With risk off taking hold and the flight to safety on the back of the news about Ukraine over the weekend we have seen the dollar find some buying interest at last years support seen in December. With this in mind we are now watching to see if the previous support at 79.92 holds as… View Article

Snb’s resolve is likely to be tested as EURCHF approaches the peg

March 3, 2014 Over the course of the weekend we have experienced more bad news about Ukraine and more poor data from China, this has weighed on risk assets, with equities, yen pairs and dollar pairs all gapping lower. If we look at the weekly EURCHF there is not much support now until the 1.2028 and the 1.20… View Article

Gold forming a messy head and shoulders

February 28, 2014 With fears in the Ukraine calming the demand for the safe haven have reduced with Gold now breaking through yesterdays lows and now forming what looks like a messy head and shoulders. With this messy head and shoulders now forming all eyes will now be on the 1307 support with the 4 hour 100 exponential… View Article

S&P continues to ascend with current session highs of 1867.9 on the cash market

February 28, 2014 The rest of the market seems to be quieting down now for the weekend, but the S&P is slugging away and trading new highs. These dizzy heights are well above many market participants expectations and especially considering recent geo-political events, but an asset is only worth what someone is willing to pay for it and… View Article

ECB is increasingly signalling it is ready to take action

February 28, 2014 Quotes from Danske bank: Having sent a mixed message for some time, the ECB is increasingly signalling it is ready to take action. Since the February meeting, it has worked on the 2016 inflation forecast – a crucial input to its decision at the March meeting. Judging from recent comments, it will be low enough… View Article

GBPUSD has another look at session highs and stalls

February 28, 2014 We have seen GBPUSD take another look at the 1.6768 highs before stalling as I type EURUSD is also making another attempt to take out stops positioned just above. A break on Cable and we target the 1.6822 yearly highs as the market sells the dollar on the back of Yellen yesterday and the US… View Article

USDJPY doing its usual business saying in a range

February 28, 2014 I was hoping today would be the catalyst to see a break on USDJPY with a large GDP miss in either direction, unfortunately we didn’t get it and USDJPY remains within its February range. The pair is waiting either for the US locomotive economy to hit the next gear up and for it break on… View Article

Fed’s Stein says “rapid growth of fixed income funds bear careful watching for financial stability risks”

February 28, 2014 Says “responding with regulation or monetary policy depends on case-by-case, should not rule out regulation”

Up at 3.15pm (GMT) we have Evans and Stein Speaking.

February 28, 2014 Chicago Fed president Evans is speaking at 3.15pm (GMT) and we expect little volatility on his conference, the main focus with be FOMC member Stein speaking at the same time. Traders will be looking for hints as to how much weather has effected US data and whether or not tapering will be halted on the… View Article

S&P trades record highs but were to next?

February 28, 2014 We have seen the S&P storm back much higher after the recent correction to 1736.4 in the cash market, as I type the S&P trades at 1860 through the previous highs.