September 17, 2017
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
September 15, 2017
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
September 15, 2017
EUR/USD Update – 15/09/2017 (11:40am): EUR being dragged up to some extent by GBP and the recovery appears incomplete and further EUR strength towards 1.1955 seems likely. The next level at 1.1995 is a major level and is likely to be challenged but should hold.. Support is at 1.1885 followed by 1.1855.
September 15, 2017
In Asian Equity Markets Japan’s Nikkei share average inched up on Friday with the market apparently unruffled by North Korea’s ballistic missile launch, wih the dollar remaining relatively stable against the yen despite Pyongyang’s latest challenge. The Nikkei initially fell in a knee-jerk reaction soon after the open but pared the losses and last stood at 19,835.43,… View Article
September 15, 2017
Morning all.. Wall st closed mixed again and close to unchanged as talk of N.K prepping another missile launch smothered the better inflation data from the US. But the markets seem to have launch fatigue now as Asia ignored a missile flying above them and carried on. USDJPY and the Nikkei dropped but quickly rebounded…. View Article
September 15, 2017
In European Equity Markets stocks ended a choppy session slightly higher, but saw gains capped as the Bank of England hinted rates could rise in coming months, and as disappointing data from China raised questions about the strength of the world’s second-largest economy. The Stoxx Europe 600 index finished 0.1 percent higher at 381.79, after earlier flipping between small… View Article
September 14, 2017
BoE Update – 14/09/2017 (11:20am): While the Bank of England is widely expected to keep policy unchanged today, some are clearly now looking for two signals that could mark a positive turning point in GBP sentiment and end the ‘Great British Sell-off’ in currency markets.. One is the vote moving to 6-3. Also Expect BoE to… View Article
September 14, 2017
GBP/USD Update – 14/09/2017 (11:10am): Cable shed over a cent since yesterday’s fresh cycle tops around 1.3330 following a strong rebound in the demand for the US Dollar, particularly in response to rising speculations over Trump’s plans to finally implement his promised tax reform. A break above 1.3300 (high Sep.12) would open the door to 1.3329… View Article
September 14, 2017
In Asian Equity Markets Japanese stocks were steady in choppy trade on Thursday morning, as weak Chinese economic data offset early gains when the broader Topix index hit the highest level in more than two years. The Nikkei was flat at 19,873.62. MSCI’s broadest index of Asia-Pacific stocks outside Japan edged down 0.1 percent after rising to… View Article
