European Close Market Briefing – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin In European Equity Markets a run higher for energy stocks and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in on Wednesday, though renewed pain for publisher Pearson weighed on the media sector. The pan-European STOXX 600 index was up 0.5 percent, as were the blue chips. Luxury… View Article

GBP/USD Update – 12/07/2017 (11:20am) – by Arjun Lakhanpal

July 12, 2017 by savi-admin GBP/USD Update – 12/07/2017 (11:20am): GBP has recovered following the release of the UK’s labour market report, with GBP/USD advancing to the 1.2855/60 band. After a test of daily lows near the key support at 1.2800 we are back at session highs.. chart resistance at 1.2876 (55-day sma) followed by 1.2926 (10-day sma) and then… View Article

European Open Market Briefing – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index slid on Wednesday morning as stocks of exporters were sold after the dollar fell against the yen in the wake of a new controversy for U.S. President Donald Trump’s administration. The Nikkei shed 0.3 percent to 20,131.06 in mid-morning trade. The broader Topix decreased 0.4 percent to 1,621.45. MSCI’s broadest index… View Article

Morning Update – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin Morning all.. Wall St closed marginally lower after a late recovery. Trump’s son seems caught in the Russian issue and this weighed on stocks in the US, the S&P closing slightly lower. This subject and the fact that is took USDJPY lower, saw the Nikkei fall 0.5% and USDJPY remained weak overnight and the dollar… View Article

European Open Market Briefing – 11/07/2017 – by Arjun Lakhanpal

July 11, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up on Tuesday morning, as a weaker yen supported many export-oriented stocks, while tech shares attracted buyers on the back of the strong Nasdaq performance overnight. The Nikkei rose 0.2 percent to 20,126.30 in mid-morning trade. The broader Topix rose 0.3 percent to 1,620.94. MSCI’s broadest index of Asia-Pacific shares… View Article

Morning Update – 11/07/2017 – by Arjun Lakhanpal

July 11, 2017 by savi-admin Morning all.. Wall St had a quiet but steady session in the absence of any data and the S&P closed up 0.09% and NADAQ up 0.38%. The Nikkei was also stronger, up 0.55% as USDJPY held onto gains. Japanese and South Korean markets rose with volumes nearly a third below average, while Australia’s benchmark gave… View Article

European Close Market Briefing – 10/07/2017 – by Arjun Lakhanpal

July 10, 2017 by savi-admin In European Equity Markets stocks closed higher on Monday, underpinned by financials and basic resources, as mergers and acquisitions rumbled on with some broker notes also prompting individual stock moves. The pan-European STOXX 600 was up 0.4 percent at its close, rising in concert with euro zone stocks and blue-chips. Strong gains in banks led by Bank… View Article

USD/YEN Update – 10/07/2017 (10:45am) – by Arjun Lakhanpal

July 10, 2017 by savi-admin USD/YEN Update – 10/07/2017 (10:45am) – With the push above the important 113.00/10 area (76.4% retracement), a closer test, if not break of the 114.37 May high now seems likely. Deeper short term targets enter at the 115.50/116.00 zone (March high/76.4% retracement)., before the 118.66 Dec high. Near term pullbacks should find support at 112.74/111.73… View Article

European Open Market Briefing – 10/07/2017 – by Arjun Lakhanpal

July 10, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Monday morning after Wall Street gained on Friday, while the dollar strengthened against the yen on the heels of U.S. jobs data that gave investors more confidence in the strength of the U.S. economy. The Nikkei gained 0.6 percent to 20,047.33 in midmorning trade. The broader Topix gained… View Article

Morning Update – 10/07/2017 – by Arjun Lakhanpal

July 10, 2017 by savi-admin Morning all.. Wall St closed firmer after rather mixed data on Friday with the S&P up 0.64% and the NASDAQ up jut over 1% and some of this optimism has spilled into Asian markets. The Nikkei closing up 0.88% and HK up almost 1%. Chinese shares were lower even though producer prices showed robust demand… View Article