Morning Update – 15/06/2017 – by Arjun Lakhanpal

June 15, 2017 by savi-admin Morning all.. Wall closed around unchanged in a choppy session after the Fed hiked as fully expected.. Equity investors not sure if they should sell due to weak data or buy as the data is poor enough to stall any further hikes!! Markets rather confused but one thing is clear, bond investors don’t see much… View Article

European Close Market Briefing – 14/06/2017 – by Arjun Lakhanpal

June 14, 2017 by savi-admin In European Equity Markets stocks pulled back on Wednesday, as energy stocks fell on tumbling crude prices and banks were hit after weak U.S. data raised questions over future rate hikes in the world’s biggest economy. The STOXX 600 index fell 0.3 percent with the banks taking off most points from the pan-European index with a fall of… View Article

USD/CAD Update – 14/06/2017 (11:55am) – by Arjun Lakhanpal

June 14, 2017 by savi-admin USD/CAD Update – 14/06/2017 (11:55am): Poloz’s comments yesterday struck a similar tone to those of Wilkins the night before and are enough to keep USDCAD under pressure. Technically we are testing trend line support from the 2016 lows at 1.3215 although most look for a close below there to confirm the downtrend.  Ultimately I think… View Article

European Open Market Briefing – 14/06/2017 – by Arjun Lakhanpal

June 14, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Wednesday morning tracking overnight gains on Wall Street, but activity was subdued ahead of the Federal Reserve’s monetary policy decision. The Nikkei rose 0.3 percent to 19,953.33 in midmorning trade. The broader Topix was flat at 1,593.68 and the JPX-Nikkei Index 400 was also flat at 14,186.41. Economic… View Article

Morning Update – 14/06/2017 – by Arjun Lakhanpal

June 14, 2017 by savi-admin Morning all.. Wall St closed up 0.45% with the NASDAQ climbing 0.75% as bargain hunters returned and U.S. Attorney General Jeff Sessions testifying to lawmakers that he never spoke with Russian officials concerning “any type of interference” with the 2016 presidential campaign. Meanwhile in Asia the markets were extremely quiet with the Nikkei closing unchanged… View Article

European Close Market Briefing – 13/06/2017 – by Arjun Lakhanpal

June 13, 2017 by savi-admin In European Equity Markets a recovery in tech stocks and fresh optimism over troubled Italians banks lifted stocks from seven-week lows on Tuesday. The pan-European STOXX 600 index ended up 0.6 percent, almost fully recovering losses from the previous session. Italy’s benchmark rose 0.9 percent. Dialog Semiconductor, Infineon and ASM International were among the tech stocks gaining the most,… View Article

GBP/USD Update – 13/06/2017 (11:34am) – by Arjun Lakhanpal

June 13, 2017 by savi-admin GBP/USD Update – 13/06/2017 (11:34am): GBP has traded back towards critical support areas. Yesterday, the market traded political uncertainties with the view that a softening of the British negotiation stance would have no impact of EMU’s negotiation position, a view we disagree with. There is a meeting scheduled between PM May and DUP leader Arlene… View Article