USD/CHF Update – 18/12/2017 (10:30am) – by Arjun Lakhanpal

December 18, 2017 USD/CHF Update – 18/12/2017 (10:30am): USD/CHF spent much of last week consolidating below the 78.6% retracement at .9975. Above here lies the 1.0015 resistance line and the 1.0039 recent high. It guards 1.0100/08 the April and May highs and the 1.0145 78.6% retracement. Longer term this is considered to be the last defense for the… View Article

EUR/GBP Update – 18/12/2017 (09:30am) – by Arjun Lakhanpal

December 18, 2017 EUR/GBP Update – 18/12/2017 (09:30am): EUR/GBP recovered last week following its recent failure to register a weekly close below its 55 week ma at .8744. Near term rallies should find decent resistance at .8871 55 day ma and then the .8913 resistance line. It recently sold off to the 61.8% retracement of the move seen this… View Article

EUR/USD Update – 18/12/2017 (09:00am) – by Arjun Lakhanpal

December 18, 2017 EUR/USD Update – 18/12/2017 (09:00am): EUR/USD last week sold off to and recovered from the 1.1712 21st November low. We start this week with attention on the 1.1712 support and a close below 1.1712 the recent low should be enough to negate upside pressure and allow for slippage back to the 1.1553 7th November low.  

European Open Market Briefing – 18/12/2017 – by Arjun Lakhanpal

December 18, 2017 In Asian Equity Markets Japanese stocks rose on Monday with financial and exporter stocks leading gains, offsetting weakness in construction stocks after news prosecutors raided the headquarters of at least two construction firms for alleged antitrust violations. The Nikkei index gained 1.1 percent to 22,810.56 in midmorning trade, with sentiment boosted by a strong performance on… View Article

Morning Update – 18/12/2017 – by Arjun Lakhanpal

December 18, 2017 Morning all.. Another record close on Wall St with the S&P rising 0.9% as it seems the tax bill should be signed off this week now. The dollar was quiet but stocks stole the show. The same applied across Asia as the Nikkei closed up over 1.5% and HK was also up 1%. Japan’s Topix… View Article

European Close Market Briefing – 15/12/2017 – by Arjun Lakhanpal

December 18, 2017 In European Equity Markets stocks fell on Friday, weighed down by weakness in the heavyweight banking sector and a decrease in retail stocks following a disappointing trading update from fashion brand H&M. The pan-European STOXX 600 lost 0.2 percent at the end of the session and posted a 0.3-percent fall over the week as resurfacing worries over political… View Article

EUR/USD Update – 15/12/2017 (11:30am) – by Arjun Lakhanpal

December 15, 2017 EUR/USD Update – 15/12/2017 (11:30am): EUR holding minor gains on the day.. EUR presents a neutral-to-bullish stance short-term as in the 4 hours chart and technical indicators remain within positive territory. The 1.1800 level is the 38.2% retracement of the latest daily slide. The pair would need, however, to advance beyond 1.1830 to gain upward strength,… View Article

European Open Market Briefing – 15/12/2017 – by Arjun Lakhanpal

December 15, 2017 In Asian Equity Markets Japanese stocks fell to more than a week low on Friday morning, with mobile firms extending a sell-off on concerns of increased competition after Rakuten said it aims to become Japan’s fourth wireless carrier. Taking the cue from weak U.S. stocks overnight, the Nikkei index declined 0.7 percent to 22,525.77 in midmorning… View Article