September 12, 2017
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
September 12, 2017
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
September 12, 2017
Morning all.. Wall st and global stocks had a very strong recovery for many reasons including the weakening of Irma and a rising USDCNY. S&P closed up 1% and the Dow up 1.19%. Asia followed and the Nikkei, helped by a strong rally in USDJPY in the US session, rose 1.09%. Fx markets were rather… View Article
September 11, 2017
In European Equity Markets stocks ended little changed on Friday as the euro’s rally dimmed appetite for regional stocks but talk about possible cuts to European Central Bank stimulus boosted banks. The broader pan-European STOXX 600 benchmark edged 0.15 percent higher, while euro zone blue chips ended unchanged. After suffering four straight sessions in the red, European… View Article
September 11, 2017
EUR/USD Update – 11/09/2017 (14:15pm): EUR breaking some s/t chart support here at 1.1980-75 zone, below which the pair is likely to accelerate the fall towards the 1.1920-15 region en-route the 1.1900 handle if the dollar continues to rebound.
September 11, 2017
EUR/GBP Update – 11/09/2017 (13:20pm) – by Arjun Lakhanpal: EURGBP has been falling most of the session and a lot of that can be attributed to cross-driven weakness, with the EUR/GBP cross extending its recent corrective slide from yearly tops and taking out some stops though the 0.9100 handle. Immediate support in EUR now seen… View Article
September 11, 2017
USD/YEN Update – 11/09/2017 (11:20am): USD/JPY started the week on a high note as the demand for the safe-haven JPY weakened on strengthening risk appetite. As of writing, the pair was trading at its fresh session low of 108.70, gaining 0.82% on the day. Some chart resistance expected at 109.00 in USDJPY and at 109.25… View Article
September 11, 2017
In Asian Equity Markets Japan’s Nikkei rallied to a one-week high on Monday morning after the dollar recovered against the yen, lifting recently battered exporters and financial stocks which had stumbled amid the simmering tensions on the Korean peninsula. The Nikkei index rose 1.5 percent to 19,560.40 in midmorning trade, after hitting a high of 19,567.03,… View Article
September 11, 2017
Morning all..Wall St closed quietly mixed on Friday with the S&P down 0.15% and the Dow up 0.06% as many refused to hold much risk into the weekend on fears that N. Korea may be playing with fireworks again. The relief in Asia when nothing untoward took place was palpable with the Nikkei rising 1.3%… View Article
