Oil Update – 27/06/2017 (11:25am) – by Arjun Lakhanpal

June 27, 2017 by savi-admin Oil Update – 27/06/2017 (11:25am): Oil has bounced but charts suggest downtrend still in place.. Despite the near term pause, the bearish backdrop in WTI remains intact after violating important support at the 43.76 May low and highlighting a deteriorating short term backdrop. In turn, the focus is now on the $42 support area and… View Article

European Open Market Briefing – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up to hover near two-year highs on Tuesday morning as a weaker yen helped exporters rise, while financial stocks rebounded from Monday’s declines. The Nikkei gained 0.4 percent to 20,233.23 in midmorning trade after hitting as high as 20,250.10 earlier. The broader Topix rose 0.4 percent to 1,618.93 and… View Article

Morning Update – 27/06/2017 – by Arjun Lakhanpal

June 27, 2017 by savi-admin Morning all.. Wall St managed to close marginally in the green but the NASDAQ under-performed, closing down 0.3% but Asia saw some gains with the Nikkei up 0.33% as USDJPY held gains. In fact USDJPY took out the offers up to 112.00 but failed to hold above 112.00. Asian stocks were mixed as investors awaited… View Article

European Close Market Briefing – 26/06/2017 – by Arjun Lakhanpal

June 26, 2017 by savi-admin In European Equity Markets stocks rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks and Nestle climbed to a new record after an activist investor urged changes at the consumer bellwether. Gains in bank stocks helped the pan-European STOXX 600 and the euro zone blue chip indexes rise 0.6 and… View Article

European Open Market Briefing – 26/06/2017 – by Arjun Lakhanpal

June 26, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index ticked up on Monday morning as the dollar-yen held steady, while investors’ attention fell squarely on Takata Corp after it filed for bankruptcy protection. The Nikkei rose 0.1 percent to 10,161.02 in midmorning trade. The broader Topix was up 0.1 percent to 1,612.60. The Tokyo Stock Exchange said shares of Takata would… View Article

Morning Update – 26/06/2017 – by Arjun Lakhanpal

June 26, 2017 by savi-admin Morning all.. Wall St had a quiet finish on Friday with stocks barely changed and Asia also had a quiet session but the Nikkei managed a small gain. China was up 1.28%. The higher Nikkei helping USDJPY move off the lows but again ranges were tight. Equities from South Korea to Hong Kong rose as… View Article

European Close Market Briefing – 23/06/2017 – by Arjun Lakhanpal

June 23, 2017 by savi-admin In European Equity Markets another wobble in commodity-related shares and dollar earners put pressure on British blue chips on Friday, underscoring their underperformance against continental European peers a year on from Britain’s vote to leave the European Union. Britain’s FTSE 100 was down 0.2 percent at its close and the pan-European STOXX 600 index was down… View Article