European Close Market Briefing – 09/01/2018 – by Arjun Lakhanpal

January 9, 2018 In European Equity Markets indexes closed higher Tuesday as investors reacted to better-than-expected economic data and a tech rally in Asia. The pan-European Stoxx 600 closed 0.5 percent higher Tuesday. The autos sector rallied in afternoon trade, closing 1.5 percent higher. German tyre specialist Continental led the gains, finishing up over 5 percent on reports that it could restructure itself. Basic resources… View Article

EUR/GBP Update – 09/01/2018 (11:30am) – by Arjun Lakhanpal

January 9, 2018 EUR/GBP Update – 09/01/2018 (11:30am): EURGBP right on support… EUR/GBP has failed to clear an old Fibonacci retracement at 0.8925 and is on the defensive very near term. It has reacted back to the 200 day ma at .8832 and support is now exposed. Only while above .8810 we would allow for a move to the… View Article

USD/YEN Update – 09/01/2018 (10:15am) – by Arjun Lakhanpal

January 9, 2018 USD/YEN Update – 09/01/2018 (10:15am): USD/JPY will shortly encounter tougher resistance namely the 113.64/75 December highs. There is a lot of resistance directly overhead – namely the 113.92 2015-2018 downtrend line. Overhead sits the 114.38/82 major resistance, we continue to favour failure. Support can be seen at the 112.06/111.99 December 6 and 15 as well as… View Article

GBP/USD Update – 09/01/2018 (10:00am) – by Arjun Lakhanpal

January 9, 2018 GBP/USD Update – 09/01/2018 (10:00am): Last week’s sell-off from the 1.3614 top could have marked the starting point of a stronger setback, but for this idea to receive confirming support it would now take breaks below 1.3506/1.3473 (minor 38.2 %/pivot).  

EUR/USD Update – 09/01/2018 (9:50am) – by Arjun Lakhanpal

January 9, 2018 EUR/USD Update – 09/01/2018 (9:50am): Last week’s failure to clear the September high at 1.2092 established the risk of having marked a double-top, which would however only manifest on a decisive break and hourly close below 1.1955 (minor 38.2 %, i.e. below 1.1935). Above the latter the prevailing up-bias remains intact and the main resistance… View Article

European Open Market Briefing – 09/01/2018 – by Arjun Lakhanpal

January 9, 2018 In Asian Equity Markets Japan’s Nikkei share average hit a 26-year high on Tuesday, helped by gains on global markets during a Japanese holiday, while index heavyweight Fast Retailing jumped on strong December sales. The Nikkei ended 0.6 percent higher at 23,849.99, the highest closing level since November 1991. Japanese markets were closed on Monday for a national… View Article

Morning Update – 09/01/2018 – by Arjun Lakhanpal

January 9, 2018 Morning all… A mixed and quiet session on Wall St with the S&P finally closing up 0.17% but the Dow finished in the red. In Asia we had the return of Japan to the markets and the Nikkei closed up 0.57% as it had some catching up to do. The rest of Asia saw marginal… View Article

European Close Market Briefing – 08/01/2018 – by Arjun Lakhanpal

January 8, 2018 In European Equity Markets stocks closed higher on Monday, following a firm lead by U.S. stocks in the previous session and as Germany looks closer to forming a new government. The pan-European Stoxx 600 closed 0.3 percent higher after hitting its highest level since August 2015 in the morning. Basic resources stocks led the gains, rallying over 1.5 percent by the… View Article