Euro Update – 13/09/2017 (11:10am) – by Arjun Lakhanpal

September 13, 2017 by savi-admin Euro Update – 13/09/2017 (11:10am): EURUSD was caught in the crossfire yesterday as EUR crosses came to the fore. The USD was broadly supported throughout the day as rising equities and UST yields saw further liquidation. EURUSD broke through 1.1950 support, eventually trading as low as 1.1925 after the UK CPI saw EURGBP break 0.9000 –… View Article

European Open Market Briefing – 13/09/2017 – by Arjun Lakhanpal

September 13, 2017 by savi-admin In Asian Equity Markets Japanese stocks rose for a third day to hit a fresh one-month high on Wednesday after Wall Street strengthened and the dollar scaled a two-week top on the yen, helping buoy cyclicals such as exporters and banks. The Nikkei gained 0.5 percent to 19,867.72 in midmorning trade, after earlier reaching 19,879.85, the… View Article

Morning Update – 13/09/2017 – by Arjun Lakhanpal

September 13, 2017 by savi-admin Morning all.. Wall St opened firmer and stayed there in a relatively quiet session with the S&P closing up 0.34% and this risk on sentiment shifted into the Asian session where the Nikkei, helped by a weaker JPY closed up 0.5%. But it was again a quiet overnight session as the USD took a break… View Article

European Close Market Briefing – 12/09/2017 – by Arjun Lakhanpal

September 12, 2017 by savi-admin In European Equity Markets stocks rose to a five-week high on Tuesday, extending the relief bounce seen in the previous session as worries about Hurricane Irma and North Korea’s nuclear standoff eased. All major trading centers and most sectors ended in positive territory as the pan-European STOXX 600 gained 0.55 percent, although some investors questioned how… View Article

USD/YEN Update – 12/09/2017 (11:30am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin USD/YEN Update – 12/09/2017 (11:30am): USDJPY is so far advancing for the second consecutive session today, extending the bounce off recent yearly lows in the 107.30 region recorded last Friday. The up move, as usual, is in tandem with the strong recovery of yields in the US money markets, pushing the key 10-year reference to the 2.15%… View Article

EUR/GBP Update – 12/09/2017 (11:10am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin EUR/GBP Update – 12/09/2017 (11:10am): EURGBP broke down of its Asian/early European session consolidation phase and tumbled to one month lows, closer to the key 0.90 psychological mark. The cross came under intense selling pressure and eroded around 50-pips following the release of latest UK inflation report that showed headline CPI matched a 4-year high reading of… View Article

GBP/YEN Update – 12/09/2017 (11:05am) – by Arjun Lakhanpal

September 12, 2017 by savi-admin GBP/YEN Update – 12/09/2017 (11:05am): The GBPJPY cross continued gaining strong traction through early European session and surged past the key 145.00 psychological mark following the release of latest UK inflation figures. The cross built on previous session’s bullish break through above the very important 200-day SMA and jumped to the highest level since early August… View Article

European Open Market Briefing – 12/09/2017 – by Arjun Lakhanpal

September 12, 2017 by savi-admin In Asian Equity Markets Japanese stocks climbed to near their highest in a month on Tuesday with all sectors rising after Wall Street rose overnight. The Nikkei rose 1.0 percent to 19,742.54 in midmorning trade, after hitting as high as 19,767.65, the highest level since Aug. 16. The broader Topix added 0.9 percent to 1,626.08, with all of… View Article