European Open Market Briefing – 10/05/2017 – by Arjun Lakhanpal

May 10, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged up to hover at 17-month highs as a weak yen trend supported sentiment, but gains were by limited by fears arising from U.S. President Donald Trump’s sacking of his FBI director and North Korea’s nuclear programme. The Nikkei index rose 0.5 percent to 19,938.53 in mid-morning trade, the highest… View Article

Morning Update – 10/05/2017 – by Arjun Lakhanpal

May 10, 2017 by savi-admin Morning all.. Wall St struggled to hold record gains but in another quiet session, closed marginally lower on the day. Asia had a better session with a rise of 0.35% in the Nikkei and Chinese stocks unchanged. It was a quiet night but the USD fell on news that Trump had dramatically fired the head… View Article

European Close Market Briefing – 09/05/2017 – by Arjun Lakhanpal

May 9, 2017 by savi-admin In European Equity Markets a raft of well-received updates and a recovery in resources stocks helped stocks rebound on Tuesday from the previous session’s slight losses, ending at fresh 21-month highs. The pan-European STOXX 600 index rose 0.45 percent while France’s CAC 40 index gained 0.3 percent, recouping some of its losses from Monday following centrist… View Article

AUD/USD UPDATE – 09/05/2017 (11:34am) – by Arjun Lakhanpal

May 9, 2017 by savi-admin AUD/USD UPDATE – 09/05/2017 (11:34am) – Some short term chart indicators flashing oversold in AUD so we may consolidate or even rally from here.. Intraday price followed the flag continuation pattern breaking flag support which set up a selling wave lower to a new low at 0.7329. First resistance is 0.7369/74 then 0.7399 with 0.7427… View Article

European Open Market Briefing – 09/05/2017 – by Arjun Lakhanpal

May 9, 2017 by savi-admin In Asian Equity Markets Japanese equities fell on Tuesday as the market ran out of puff after rallying to a 17-month high the previous day, though it was supported well by a confluence of factors like the significantly weaker yen. The Nikkei index edged down 0.1 percent to 19,875.89. The broader Topix shed 0.2 percent to 1,582.82… View Article

Morning Update – 09/05/2017 – by Arjun Lakhanpal

May 9, 2017 by savi-admin Morning all.. Wall st closed unchanged in a very quiet session for stocks but the dollar edged higher as US yields rose slightly. Asia however was more mixed with the Nikkei down 0.23% and Shanghai down yet again but again markets were subdued with little news. Investors are stepping back after a rally on Monday… View Article

European Close Market Briefing – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin In European Equity Markets stocks powered ahead on Thursday as earnings, economic data and politics aligned to boost the market to further highs. The pan-European STOXX 600 index rose 0.7 percent, while German blue chips rose to an all-time high and France’s CAC climbed to its highest in more than nine years. European banks rose 1.5 percent… View Article

USD/YEN UPDATE – 08/05/2017 (12:31pm) – by Arjun Lakhanpal

May 8, 2017 by savi-admin USD/YEN UPDATE – 08/05/2017 (12:31pm) – Price tested through daily downtrend with an overnight print at 113.13 marking a marginal higher high but this was quickly revered and no daily close as yet thru the downtrend. A break of the neckline at 112.09 triggers the pattern and targets 111.15 which happens to be at the… View Article