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

Morning Update – 13/12/2017 – by Arjun Lakhanpal

December 13, 2017 Morning all.. Wall St had another record close with the S&P closing up 0.15% but the NASDAQ ended lower on the day and stocks in Asia drifted lower again with the Nikkei closing down 0.47% but the Shanghai gained 1.38% and 0.85% respectfully. The dollar dropped after a special election for a U.S. Senate seat… View Article

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

December 12, 2017 In European Equity Markets stocks closed in the green Tuesday, with smart-card maker Gemalto NV and retail giant Steinhoff Holdings NV scoring notable gains. The Stoxx Europe 600 index climbed 0.7 percent to end at 391.63.  Shares of smart-card maker Gemalto rose 35 percent for the Stoxx Europe 600’s biggest gain as the company reviewed an unsolicited takeover bid of €4.3… View Article

AUD/USD Update – 12/12/2017 (10:30am) – by Arjun Lakhanpal

December 12, 2017 AUD/USD Update – 12/12/2017 (10:30am): AUD bounces off chart support.. No change AUD/USD has sold off to and continues to sit on the uptrend, which today is located at .7506. We note the 13 count on the daily chart and the divergence of the RSI and look for a near term rebound. The market has… View Article

GBP/USD Update – 12/12/2017 (10:00am) – by Arjun Lakhanpal

December 12, 2017 GBP/USD Update – 12/12/2017 (10:00am): On the charts, GBP/USD has again eased back to its 20 day ma at 1.3347, which it is starting to erode. There remains an upside bias above last weeks low at 1.3320. It has recently broken above the 2014-2017 downtrend and this has introduced scope to the 1.3658/71 September high… View Article

EUR/USD Update – 12/12/2017 (09:20am) – by Arjun Lakhanpal

December 12, 2017 EUR/USD Update – 12/12/2017 (09:20am): EUR/USD stays negative on the charts. Yesterday we saw a small bounce higher – this is expected to remain short lived, and failed circa 1.1810 as expected. The 55 day ma has been eroded BUT we have seen NO close below here (1.1760). A close below 1.1712 the recent low should… View Article