AUD/USD Update – 14/12/2017 (09:00am) – by Arjun Lakhanpal

December 14, 2017 AUD/USD Update – 14/12/2017 (09:00am): AUD strength.. On the charts, AUD/USD has eroded its 3 month downtrend at .7596, we look for gains to the 200 day ma at .7692, there is scope for .7740/.7815/.7925. The market is bouncing from its 2016-2017 uptrend which today is located at .7506. The market has strong support in… View Article

European Open Market Briefing – 14/12/2017 – by Arjun Lakhanpal

December 14, 2017 In Asian Equity Markets Japan’s Nikkei index erased earlier modest gains on Thursday to edge down, while telecommunications shares withered on news that online retailer Rakuten is weighing entry into the mobile carrier market. The Nikkei was down 0.1 percent at the end of morning trading at 22,726.76. The broader Topix was also 0.1 percent lower. The… View Article

Morning Update – 14/12/2017 – by Arjun Lakhanpal

December 14, 2017 Morning all.. Slightly weaker Core CPI in the US and no increase in inflation or growth targets from the Fed, sent US stocks to another record high with the S&P closing up 0.2% but stocks in Asia were weaker with the Nikkei down 0.28% on a lower USDJPY and HK and Shanghai lower as China… View Article

European Close Market Briefing – 13/12/2017 – by Arjun Lakhanpal

December 13, 2017 In European Equity Markets political jitters hit Italian stocks on Wednesday and the broader European market decreased before a Federal Reserve meeting that could provide more clues on future interest rate moves in the United States next year.  Italy’s parliament will be dissolved between Christmas and the New Year with national elections probably set for March 4,… View Article

USD/CHF Update – 13/12/2017 (09:00am) – by Arjun Lakhanpal

December 13, 2017 USD/CHF Update – 13/12/2017 (09:00am): USD/CHF is consolidating below the 78.6% retracement at .9975, it remains bid. Above here lies the 1.0023 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 1.0335 January… View Article

GBP/USD Update – 13/12/2017 (08:30am) – by Arjun Lakhanpal

December 13, 2017 GBP/USD Update – 13/12/2017 (08:30am): GBP looking weak again. Yesterday we saw a bounce above the 2014-2017 downtrend and this has introduced scope to the 1.3658/71 September high and double Fibonacci retracement. But we have failed again to push on.. This move back below 1.3320 should be enough to alleviate immediate upside pressure and allow… View Article

European Open Market Briefing – 13/12/2017 – by Arjun Lakhanpal

December 13, 2017 In Asian Equity Markets Japan’s Nikkei index edged lower on Wednesday morning after tech stocks lost ground as they tracked their weaker U.S. counterparts, offsetting gains in the financial space. The Nikkei 225 Index fell 0.2 percent to 22,817.46 in midmorning trade while the broader Topix shed 0.1 percent to 1,814.09. MSCI’s broadest index of Asia-Pacific stocks… View Article