Morning Update – 14/07/2017 – by Arjun Lakhanpal

July 14, 2017 by savi-admin Morning all.. Wall St had a quiet session with the S&P closing up 0.19% and the NASDAQ up 0.21%. Markets were quiet in Asia as well as most now wait for major data from the US later and the Nikkei closed up 0.1(% whilst HK fell marginally. Shares in Japan, Australia and South Korea advanced… View Article

European Open Market Briefing – 13/07/2017 – by Arjun Lakhanpal

July 13, 2017 by savi-admin In Asian Equity Markets stocks were mostly up on Thursday after US Federal Reserve Chair Janet Yellen’s cautious testimony on Wednesday in the US while markets in China got a boost from estimate-beating trade data. MSCI’s broadest index of Asia-Pacific stocks outside Japan rose 1.2 percent to its highest since May 2015. Australia’s main index jumped 1 percent,… View Article

Morning Update – 13/07/2017 – by Arjun Lakhanpal

July 13, 2017 by savi-admin Morning all.. Stocks rallied strongly in the US after Yellen sounded just a little more dovish on future rate hikes and seems to be concentrating now on balance sheet reduction. Yellen still sees problems with wage growth and says it seems somewhat low given 2% inflation objective, low productivity limiting wage growth; fair to say… View Article

European Close Market Briefing – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin In European Equity Markets a run higher for energy stocks and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in on Wednesday, though renewed pain for publisher Pearson weighed on the media sector. The pan-European STOXX 600 index was up 0.5 percent, as were the blue chips. Luxury… View Article

GBP/USD Update – 12/07/2017 (11:20am) – by Arjun Lakhanpal

July 12, 2017 by savi-admin GBP/USD Update – 12/07/2017 (11:20am): GBP has recovered following the release of the UK’s labour market report, with GBP/USD advancing to the 1.2855/60 band. After a test of daily lows near the key support at 1.2800 we are back at session highs.. chart resistance at 1.2876 (55-day sma) followed by 1.2926 (10-day sma) and then… View Article

European Open Market Briefing – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index slid on Wednesday morning as stocks of exporters were sold after the dollar fell against the yen in the wake of a new controversy for U.S. President Donald Trump’s administration. The Nikkei shed 0.3 percent to 20,131.06 in mid-morning trade. The broader Topix decreased 0.4 percent to 1,621.45. MSCI’s broadest index… View Article

Morning Update – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin Morning all.. Wall St closed marginally lower after a late recovery. Trump’s son seems caught in the Russian issue and this weighed on stocks in the US, the S&P closing slightly lower. This subject and the fact that is took USDJPY lower, saw the Nikkei fall 0.5% and USDJPY remained weak overnight and the dollar… View Article

European Open Market Briefing – 11/07/2017 – by Arjun Lakhanpal

July 11, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up on Tuesday morning, as a weaker yen supported many export-oriented stocks, while tech shares attracted buyers on the back of the strong Nasdaq performance overnight. The Nikkei rose 0.2 percent to 20,126.30 in mid-morning trade. The broader Topix rose 0.3 percent to 1,620.94. MSCI’s broadest index of Asia-Pacific shares… View Article

Morning Update – 11/07/2017 – by Arjun Lakhanpal

July 11, 2017 by savi-admin Morning all.. Wall St had a quiet but steady session in the absence of any data and the S&P closed up 0.09% and NADAQ up 0.38%. The Nikkei was also stronger, up 0.55% as USDJPY held onto gains. Japanese and South Korean markets rose with volumes nearly a third below average, while Australia’s benchmark gave… View Article