European Close Market Briefing – 11/08/2017 – by Arjun Lakhanpal

August 12, 2017 by savi-admin In European Equity Markets a sell-off in heavyweight basic resources stocks prompted a third day of losses for European shares on Friday, posting their worst week this year amid a ramp-up of tensions between the United States and North Korea. Volatility jumped and the pan-European STOXX 600 fell 1.1 percent, taking weekly losses to 2.8 percent, its worst… View Article

USD/YEN Update – 11/08/2017 (11:20am) – by Arjun Lakhanpal

August 11, 2017 by savi-admin USD/YEN Update – 11/08/2017 (11:20am): The heavy tone amid the risk-off trade has led to a break of key initial support in 110.15/00 area while suggesting additional downside is due. In turn, we see a higher risk of a closer test of the range lows in the 108.83/13 zone, which will define whether a medium… View Article

European Open Market Briefing – 11/08/2017 – by Arjun Lakhanpal

August 11, 2017 by savi-admin In Asian Equity Markets Japanese stocks finished slightly lower after a choppy session on Thursday, as investors kept a wary watch on tension over North Korea ahead of Japan’s long weekend. The Nikkei finished down 0.1 percent, at 19,729.74, erasing early morning gains. The broader Topix shed 0.65 point to 1,617.25, while the JPX-Nikkei Index 400 shed… View Article

Morning Update – 11/08/2017 – by Arjun Lakhanpal

August 11, 2017 by savi-admin Morning all.. Wall St had another wobble as Trump and Kim continue to play “Chicken” and it seems that any missiles sent anywhere near Guam could now spark a response. Pres Trump: Maybe fire and fury statement on North Korea wasn’t tough enough; North Korea should be very, very nervous if it does anything to… View Article

European Close Market Briefing – 10/08/2017 – by Arjun Lakhanpal

August 11, 2017 by savi-admin In European Equity Markets stocks fell on Thursday as cyclicals fell and some big stocks went ex-dividend, while earnings from firms including Aegon and Coca Cola HBC sparked significant moves. The pan-European STOXX 600 index was down 0.3 percent, while euro zone blue chips lost 0.3 percent. Britain’s FTSE 100 fell 0.8 percent as large caps… View Article

USD/CAD Update – 10/08/2017 (11:50am) – by Arjun Lakhanpal

August 10, 2017 by savi-admin USD/CAD Update – 10/08/2017 (11:50am): USDCAD broadly tracked risk sentiment yesterday and traded up through short term resistance at 1.2715 as risk remained on the back foot following developments in N.Korea / US. Tomorrows US CPI print remains the focus and the market rather skeptical as to whether the fed will hike again this year… View Article

USD/YEN Update – 10/08/2017 (11:40am) – by Arjun Lakhanpal

August 10, 2017 by savi-admin USD/YEN Update – 10/08/2017 (11:40am): Considering the breakdown and increased aggressive language in the Geopolitical world of N. Korea and the US; USDJPY has held up relatively well.  I think this is partly due to the level of USDJPY towards the bottom of ranges, technical support and existing positioning.  The larger impact was seen on… View Article

EUR/USD Update – 10/08/2017 (11:25am) – by Arjun Lakhanpal

August 10, 2017 by savi-admin EUR/USD Update – 10/08/2017 (11:25am): A volatile day for EURUSD yesterday which tested briefly below key 1.1715 support with stop loss driven action printing a low of 1.16885.  Feels to me like this was more risk reduction on favoured EUR long trades than out and out risk aversion due to developments in the US and N.Korea… View Article

European Open Market Briefing – 10/08/2017 – by Arjun Lakhanpal

August 10, 2017 by savi-admin In Asian Equity Markets Japanese stocks were flat in choppy trade on Thursday morning as geopolitical concerns over North Korea’s threats of missile strikes receded. The Nikkei was flat at 19,736.72 by the midday break, after it traded in positive territory in early trade. The broader Topix fell 0.2 percent to 1,615.56. MSCI’s broadest index of Asia-Pacific stocks outside… View Article

Morning Update – 10/08/2017 – by Arjun Lakhanpal

August 10, 2017 by savi-admin Morning all..  Another late rally after the European close lifted stocks away from the lows in the US and saw the S&P close down just marginally and the NASDAQ just 0.28%. Buying the dip still in fashion it seems and no new news on N. Korea. In Asia we saw the Nikkei close more or… View Article