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

EUR/USD Update – 21/12/2017 (09:45am) – by Arjun Lakhanpal

December 21, 2017 EUR/USD Update – 21/12/2017 (09:45am): EUR Bulls would be eyeing for a sustained momentum beyond the 1.1900 handle, above which the pair is likely to dart towards testing the 1.1930-40 supply zone. On the flip side, 1.1850-45 zone now seems to protect the immediate downside, which if broken could accelerate the fall back towards the 1.1800 handle… View Article

European Open Market Briefing – 21/12/2017 – by A Lakhanpal

December 21, 2017 In Asian Equity Markets Japan’s Nikkei index fell on Thursday, taking its cue from losses on Wall Street, with weakness seen in retail and real estate sectors. The Nikkei was down 0.37 percent at 22,806.28 at the end of morning trading. The broader Topix was down 0.17 percent at 1,818.14. MSCI’s broadest index of Asia-Pacific stocks outside… View Article

Morning Update – 21/12/2017 – by Arjun Lakhanpal

December 21, 2017 Morning all.. Wall St had a very quiet session, closing slightly lower on the day but no fireworks as we head into year-end. The Tax bill passed as expected.. In Asia it was also a very quiet day with the Nikkei closing down marginally but the Topix rose slightly. Benchmark gauges in Sydney and Seoul… View Article