EUR/USD Update – 05/01/2018 (8:15am) – by Arjun Lakhanpal

January 5, 2018 EUR/USD Update – 05/01/2018 (8:15am): On the charts we see that EUR/USD remains below the 1.2092 September high. We would allow for it possibly to hold the initial test but the risk is that we will see a break above here shortly as there is little to suggest reversal. Above 1.2092 will target initially the 1.2168… View Article

European Open Market Briefing – 05/01/2018 – by Arjun Lakhanpal

January 5, 2018 In Asian Equity Markets Japan’s Nikkei index extended the previous session’s gains on Friday, probing 26-year highs as banking and brokerage shares rose, while Toshiba shares firmed on news of a buyer for its Westinghouse Electric unit. The Nikkei was up 0.2 percent at 23,547.78 at the end of morning trading. MSCI’s broadest index of Asia-Pacific stocks outside… View Article

Morning Update – 05/01/2018 – by Arjun Lakhanpal

January 5, 2018 Morning all..Wall St closed up another 0.4% and Asia is on a surge with the Nikkei closing up another 0.9% after a 2% rally yesterday.. Asian stocks are on the cusp of their best week in almost six months as investors around the world pile into equities at the start of 2018 amid robust economic… View Article

European Close Market Briefing – 04/01/2018 – by Arjun Lakhanpal

January 4, 2018 In European Equity Markets the Stoxx Europe 600 Index gained 0.7 percent, the highest in eight weeks on the biggest rise in more than two weeks. Builders and car-makers led the advance in Europe, with most of the sectors in the Stoxx Europe 600 Index showing green. Italian carmaker Fiat Chrysler rose 4 percent to hit… View Article

European Open Market Briefing – 04/01/2018 – by Arjun Lakhanpal

January 4, 2018 In Asian Equity Markets Japan’s Nikkei index rose to its highest level since January 1992 on Thursday, as it caught up to gains in global equities on Japan’s first trading day of 2018. The Nikkei was up 2.76 percent at 23,393.82. MSCI’s broadest index of Asia-Pacific stocks outside Japan was almost flat as profit-taking in South… View Article

European Close Market Briefing – 03/01/2018 – by Arjun Lakhanpal

January 3, 2018 In European Equity Markets stocks recovered on Wednesday from a muted start to the year as a rising dollar boosted exporters and new records on Wall Street lifted spirits on a day devoted to the implementation of the new European MiFID II market rules. Euro zone blue chips gained 0.6 percent and the pan-European STOXX 600 index closed… View Article

European Open Market Briefing – 03/01/2018 – by Arjun Lakhanpal

January 3, 2018 In Asian Equity Markets stocks posted gains on Wednesday as sentiment held solid despite a nuclear weapons taunt by President Donald Trump on Twitter directed at North Korean leader Kim Jong-un. MSCI’s index of Asia-Pacific stocks outside Japan rose 0.4 percent, having jumped 1.4 percent on Tuesday in its best performance since last March. In Australia, the S&P/ASX 200… View Article

USD/YEN Update – 21/12/2017 (11:40am) – by Arjun Lakhanpal

December 21, 2017 USD/YEN Update – 21/12/2017 (11:40am): USD/JPY has eroded the 55 day ma at 112.86 and is relatively neutral in its range. The market has recently failed ahead of the 114.38/82 major resistance. Dips lower should find initial support at the 200 day ma at 111.62 ahead of the base of the cloud at 111.03. We note… View Article