European Close Market Briefing – 05/06/2017 – by Arjun Lakhanpal

June 5, 2017 by savi-admin In European Equity Markets stocks fell on Monday as energy stocks dragged and banks were led lower by Spain’s Banco Popular on concerns that it could be wound down. The pan-European STOXX 600 index fell 0.1 percent, with activity reduced by a public holiday in the region, while Britain’s FTSE which hit a fresh record high… View Article

EUR/USD Update – 05/06/2017 (10:49am) – by Arjun Lakhanpal

June 5, 2017 by savi-admin EUR/USD Update – 05/06/2017 (10:49am) – EUR showing on-going strength near important levels..: With Friday’s lift taking on an impulsive bias, the focus stays on the important 1.1300-28 resistance zone (Nov high/76.4% retracement/Sept peak). An extension above this area would confirm an improved medium term backdrop calling for a test of the 1.1426 June ’16… View Article

European Open Market Briefing – 05/06/2017 – by Arjun Lakhanpal

June 5, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index barely moved on Monday, capped by a stronger yen but retaining enough momentum to stay close to a 22-month high scaled the previous session. The Nikkei was up 0.1 percent at 20,197.80. after falling earlier to 20,104.13. The broader Topix was down 0.2 percent at 1,609.24 and the JPX-Nikkei Index… View Article

Morning Update – 05/06/2017 – by Arjun Lakhanpal

June 5, 2017 by savi-admin Morning all.. Wall St closed up 0.37% after some rather poor US data which missed on expectations but at the same time bond yields slumped to below 2.15% in the 10yr at one point which is rather confusing as the bond move suggests a lack of confidence in the economy as stocks hit all-time highs!… View Article

European Close Market Briefing – 02/06/2017 – by Arjun Lakhanpal

June 3, 2017 by savi-admin In European Equity Markets stocks rose on Friday as investors maintained strong flows into the region but top regional benchmarks came off earlier highs after a disappointing U.S. jobs growth. The pan-European STOXX 600 ended up 0.2 percent. Germany’s DAX rose 1.25 percent and UK’s FTSE added 0.05 percent. Supporting the DAX were gains among carmakers after… View Article

European Open Market Briefing – 02/06/2017 – by Arjun Lakhanpal

June 2, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index broke through the 20,000-point barrier for the first time since December 2015 on Friday after a batch of strong U.S. economic data lifted Wall Street and the U.S. currency against the yen. The Nikkei swept through 20,000 in early trade making a 1.3 percent advance to 20,115.23, its highest… View Article

Morning Update – 02/06/2017 – by Arjun Lakhanpal

June 2, 2017 by savi-admin Morning all.. Wall St rallied and posted another record close with the S&P up 0.76% at 2,430 which inspired the Nikkei to surge and close above 20,000 for the first time since 2015 closing up 1.83% on the day and helped by a rise in USDJPY. USDJPY made a high in Asia of 111.73. The… View Article