Afternoon Market Update – 24/01/2017 – by Jazz Singh

January 24, 2017 by savi-admin The big news this morning was the Supreme Court’s ruling that PM May must have the approval of Parliament before invoking Article 50. However, the judges ruled that legislatures in Scotland and Northern Ireland will not be able to vote on the timing of Article 50.  It was this point that led to a sell… View Article

Morning Update – 24/01/2017 – by Arjun Lakhanpal

January 24, 2017 by savi-admin Morning all… Whilst a busy session for the USD yesterday, stocks were remarkably quiet with the S&P closing down just 0.27%. This weighed on Asian stocks though and the Nikkei fell 0.55% mainly due to a further fall in USDJPY which touched a low of 112.52 overnight, holding just above major support at 112.450, a… View Article

Afternoon Market Update – 23/01/2017 – by Jazz Singh

January 23, 2017 by savi-admin With a lack of economic data on the calendar we expect a quiet session today. The big mover this morning is the dollar to the downside as investors become sceptical of the Trump trade. With the greenback and equities elevated to such high levels in the aftermath of his election, some are now worried that… View Article

Morning Update – 23/01/2017 – by Arjun Lakhanpal

January 23, 2017 by savi-admin Morning all.. Wall St rallied after the Trump speech to close up 0.9% but Asia and the dollar have since turned lower with the Nikkei down 1.3% as fears over Trumps aggressive stance on NATO and trading partners rise. USDJPY traded lower from the off in Asia and has hit a low of 113.17.. Japan… View Article

Afternoon Market Update – 20/01/2017 – by Jazz Singh

January 20, 2017 by savi-admin The dollar is on the rise this morning as we await Donald Trump’s inauguration this afternoon. We expect him to be bullish at his first speech as President which would extend this greenback climb and also boost equity markets. Following weaker than expected UK retail sales this morning, sterling has weakened considerably against its major counterparts…. View Article