USD/YEN Update – 01/09/2017 (11:00am) – by Arjun Lakhanpal

September 1, 2017 by savi-admin USD/YEN Update – 01/09/2017 (11:00am): USD/JPY has recently charted a key day reversal and this suggests recovery to the 111.05 current August high and the 111.20 55 day ma. Above here would target the 112.50, the 200 day ma. There is scope for the top of the range at 114.38/49. But we have some important… View Article

European Open Market Briefing – 01/09/2017 – by Arjun Lakhanpal

September 1, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up on Friday, echoing Wall Street gains, but trading was subdued as investors awaited U.S. job data for possible clues on the Federal Reserve’s next move on interest rates. The Nikkei gained 0.2 percent to 19,685.97 points by midmorning trade. The broader Topix was up 0.1 percent to 1,618.26.  MSCI’s… View Article

Morning Update – 01/09/2017 – by Arjun Lakhanpal

September 1, 2017 by savi-admin Morning all.. Wall St closed firmer after US data came in with solid results but the session was muted as we wait for the big US payrolls data later today. The same was the case in Asia where the Nikkei closed up 0.2%. G10 currencies were muted overnight with some mild USD strengthening as investors… View Article

European Close Market Briefing – 31/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin In European Equity Markets stocks rose for a second day on Thursday following heavy losses on jitters over North Korea but posted a third straight month of decline, while a profit warning from Carrefour sank the retail sector. The pan-European STOXX 600 ended up 0.8 percent, boosted by strong gains for miners and construction stocks, while… View Article

European Open Market Briefing – 31/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose to two-week highs on Thursday morning after the dollar rose against the yen helped by bright U.S. economic data, lifting cyclical stocks such as automakers and financial companies. The Nikkei gained 0.7 percent to 19,642.76 by the midday break after reaching as high as 19,661.39, the loftiest level… View Article

Morning Update – 31/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin Morning all.. Wall St nudged a little higher again with the S&P up 0.46% after oil stocks had taken a hit earlier dragging stocks lower but oil rallied and calmed nerves, whilst the dollar held gains. USDJPY made a high of 110.63 in Asia, which helped the rally in the Nikkei which closed up 0.7%…. View Article

European Close Market Briefing – 30/08/2017 – by Arjun Lakhanpal

August 31, 2017 by savi-admin In European Equity Markets stocks rose on Wednesday, boosting indexes higher in a rally a day after geopolitical concern caused a decline across equity markets. The pan-European STOXX 600 gained 0.7 percent, recovering nearly all the ground lost the day before when North Korea’s missile launch sparked a sell-off. Euro zone stocks and blue chips rose… View Article

AUD/USD Update – 30/08/2017 (11:00am) – by Arjun Lakhanpal

August 30, 2017 by savi-admin AUD/USD Update – 30/08/2017 (11:00am): AUD/USD near term remains bid above the 3 month uptrend at 0.7877. Our focus is on the .7980/91 July 20 and August 4 highs and this guards the .8065 recent high. Below the .7877/08 current August low and support line lies good support at .7748/41. It is where the February… View Article