Morning Update – 17/01/2017 – by Arjun Lakhanpal

January 17, 2017 by savi-admin Morning all.. Wall St was closed yesterday but it was another weak session for Asia with the Nikkei down 1.48% and this took USDJPY down with it making a low of 113.26 so far. This seems to be a risk-off move in front of PM May’s speech today but GBP rallied as the dollar fell… View Article

Afternoon Market Update – 16/01/2017 – by Jaz Singh

January 17, 2017 by savi-admin Cable has found some support just below the $1.20 level as London began its trading for the week. This follows a strong sell off in the British currency after numerous outlets reported that PM May shall outline a ‘hard’ Brexit plan in a speech tomorrow. This news has given markets a tone of risk aversion overall,… View Article

Morning Update – 16/01/2017 – by Arjun Lakhanpal

January 16, 2017 by savi-admin Morning all.. US Holiday today and markets there closed..Wall St had a mixed session after some rather soft Retail Sales data with the Dow finishing unchanged and the S&P up 0.18% after earlier losses. The biggest surprise was the rise in US yields after the poor data.. Over the weekend we had more concerns over… View Article

Afternoon Market Update – 13/01/2017 – by Jaz Singh

January 13, 2017 by savi-admin The greenback is again in negative territory for the session as market participants dampen their belief in the Trump trade. Against its major counterparts the dollar has dropped some 0.3 percent this morning as we anticipate the important Retail Sales data this afternoon. A strong number should reestablish the bullish dollar sentiment we saw in… View Article

Morning Update – 13/01/2017 – by Arjun Lakhanpal

January 13, 2017 by savi-admin Morning all.. Wall St started off on the back foot but managed a rally into the close which took some pressure of both bond markets and the dollar. S&P finally closing down just 0.21% showing remarkable resilience and the better sentiment continued into Asia where we saw the Nikkei close up 0.8%. This was helped… View Article

Afternoon Market Update – 12/01/2017 – by Jaz Singh

January 12, 2017 by savi-admin Following Trump’s disappointing press conference we have seen the dollar experience its biggest daily decline since November. Stocks also headed lower as the President-elect outlined plans that will force pharmaceutical and biotech companies to bid for government contracts. Trump left market participants with little detail regarding his fiscal stimulus plans, the cornerstone of the post-election rally. Of… View Article