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

Morning Update – 19/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin Morning all.. Wall St closed mildly firmer again overnight with the S&P up just 0.15% in a quiet session as many now wait for the FOMC (Fed) meeting tomorrow evening. The dollar closed in NY quietly with GBP under pressure after Carney suggested risks remain and the US saying a trade deal was a couple… View Article

European Close Market Briefing – 18/09/2017 – by Arjun Lakhanpal

September 19, 2017 by savi-admin In European Equity Markets stocks ended Monday’s session close to six-week highs, helped by buoyant global stock markets, stronger financials and a rally in Portugal after the euro zone member regained investment grade rating. With no new actions by North Korea over the weekend, economic recovery continued to whet appetite for the region’s equities and the pan-European STOXX… View Article

USD/YEN Update – 18/09/2017 (11:50am) – by Arjun Lakhanpal

September 18, 2017 by savi-admin USDJPY ended above the 100-DMA on Friday for the first since July 25. The pair clocked a high of 111.33 before trimming gains to close the week at 110.84 levels. The retreat from the high of 111.33 was the result of a weaker-than-expected US retail sales but the sell-off was short-lived. Repeated bearish exhaustion around… View Article

EUR/GBP Update – 18/09/2017 (11:30am) – by Arjun Lakhanpal

September 18, 2017 by savi-admin EUR/GBP Update – 18/09/2017 (11:30am): GBP rally stalled its post-BoE upsurge and helped the EUR/GBP cross to stage a modest recovery from near two-month lows. With investors looking past last week’s hawkish BoE twist, a modest profit taking slide around the sterling seems to have prompted some short-covering and helped the cross to snap six consecutive… View Article

European Open Market Briefing – 18/09/2017 – by Arjun Lakhanpal

September 18, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index ended higher on Friday and posted its biggest weekly gain in ten months as a stronger dollar saw investors buying shares of exporters, shrugging off North Korea’s ballistic missile launch that dented risk appetite in broader Asia. The Nikkei initially fell in a knee-jerk reaction at the opening, but soon rebounded and… View Article

Morning Update – 18/09/2017 – by Arjun Lakhanpal

September 18, 2017 by savi-admin Morning all.. Wall St closed former on Friday but in a quiet session with the S&P nudging up 0.18% but it was GBP that dominated as the most dovish member of the MPC suggested he could see a hike coming.. In Asia we had another quiet session with the Nikkei closing up a solid 0.52%… View Article

European Close Market Briefing – 15/09/2017 – by Arjun Lakhanpal

September 17, 2017 by savi-admin In European Equity Markets stocks fell on Friday as another North Korean missile launch softened appetite for riskier banks and miners but still scored their strongest week since July as attractive valuations tempted investors. The pan-European STOXX 600 and euro zone stocks both fell 0.3 percent. Banks fell 0.9 percent after five straight days of gains, showing strain… View Article

USD/YEN Update – 15/09/2017 (11:50am) – by Arjun Lakhanpal

September 15, 2017 by savi-admin USD/YEN Update – 15/09/2017 (11:50am): A decisive break through the 111.00 handle seen in USDJPY, above which the pair is likely to dart towards the 112.00 level with some intermediate resistance near 111.35 area. On the flip side, 110.50-45 zone now seems to protect immediate downside, which if broken could drag the pair back towards the… View Article