European Close Market Briefing – 04/05/2017 – by A Lakhanpal

May 4, 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, holding at 20-month highs, while German blue chips rose to an all-time high and France’s CAC climbed to its highest in more than nine years. European… View Article

European Open Market Briefing – 04/05/2017 – by Arjun Lakhanpal

May 4, 2017 by savi-admin In Asian Equity Markets stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve’s hawkish policy statement.  MSCI’s broadest index of Asia-Pacific stocks outside Japan slid 0.5 percent on Thursday, dragged lower by commodities, energy and financials stocks. Japan is closed for… View Article

Morning Update – 04/05/2017 – by Arjun Lakhanpal

May 4, 2017 by savi-admin Morning all.. Wall Closed more or less unchanged after the Fed had no surprises for us and remain on a well flagged path. However the NASDAQ did suffer from some profit taking into the close. Japan remains shut due to golden week. FOMC: Vote unanimously to keep rates unchanged as expected; Q1 slowdown in growth… View Article

USD/YEN Update – 24/04/2017 (11:05am) – by Arjun Lakhanpal

April 24, 2017 by savi-admin USD/YEN Update – 24/04/2017 (11:05am): USDJPY gapped higher on the open following Macron and Le Pen’s progression into round 2 of the French presidential elections. The market’s sigh of relief was palpable after the polls proved accurate and currently register a Macron win over Le Pen of ~60-40%. USD/JPY’s near term outlook is positive on… View Article

European Opening Session – 24/04/2017 – by Arjun Lakhanpal

April 24, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei share average rose to a near three-week high on Monday with broader investor risk sentiment improving after centrist Emmanuel Macron took a step towards the French presidency after the weekend’s voting. The Nikkei was up 1.4 percent at 18,878.31 after rising to 18,910.33, its highest since April 5. The broader Topix gained… View Article

Morning Update – 24/04/2017 – by Arjun Lakhanpal

April 24, 2017 by savi-admin Morning all.. Wall St closed quietly as most were waiting to see how the first round of the French Presidential vote went and as of now it looks like a two-way run-off between Macron and Le Pen and one that is suggested to secure Macron as the new President. This has been seen as a… View Article

American Round-Up – 21/04/2017 – by Arjun Lakhanpal

April 21, 2017 by savi-admin In European Equity Markets  French blue-chip stocks underperformed other European benchmark indexes on Friday as investors retreated from risky bets ahead of the too-close-to-call first round of France’s presidential election. The CAC fell 0.4 percent, while the pan-European STOXX index added 0.1 percent. On the week they were down slightly but both indexes are less than… View Article

GBP/USD Update – 21/04/2017 (14:40) – by Arjun Lakhanpal

April 21, 2017 by savi-admin GBP/USD Update – 21/04/2017 (14:40): GBP finding it difficult to move back above mid-1.2800s, while immediate downside remains protected by the 1.2775-70 horizontal support area. On the economic data front, the pair had a muted reaction to a larger-than-expected drop in the UK monthly retail sales figure. Today’s disappointing retail sales clearly suggests that higher… View Article

European Opening Session – 21/04/2017 – by Arjun Lakhanpal

April 21, 2017 by savi-admin In Asian Equity Markets Japanese stocks rose to 1-1/2 week highs on Friday as global investors bet that U.S. tax reforms are getting back on track, but Fujifilm Holdings tumbled after it delayed its earnings release due to an accounting probe. The Nikkei 225 index gained 0.9 percent to 18,597.25 points by mid-morning, its highest level… View Article