European Close Market Briefing – 09/10/2017 – by Arjun Lakhanpal

October 9, 2017 by savi-admin In European Equity Markets stocks rose on Monday, with Germany’s DAX touching a new record high and Spain’s IBEX its highest for a week, as political risk concerns over Catalonia eased a day after a demonstration in Barcelona against independence. Following four consecutive weeks of gains, the pan-European STOXX 600 rose 0.2 percent while the DAX… View Article

European Open Market Briefing – 09/10/2017 – by Arjun Lakhanpal

October 9, 2017 by savi-admin In Asian Equity Markets Chinese stocks climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. The Chinese blue-chip CSI300 index rose 1.7 percent to heights not seen since late 2015.  Australian stocks… View Article

Morning Update – 09/10/2017 – by Arjun Lakhanpal

October 9, 2017 by savi-admin Morning all.. Wall St closed around unchanged after weak Jobs data but a strong spike in wages which saw US yields and the dollar rally strongly but fears over N. Korea surfaced again and reversed a lot of the days moves.. There is talk that N.K have a missile capability that could reach US shores… View Article

USD/CAD Update – 06/10/2017 (10:50am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin USD/CAD Update – 06/10/2017 (10:50am): USDCAD could be interesting today… USDCAD surged 60 points yesterday on weak Canada trade data (Intl merchandise balance -3.41bn vs. -2.60bn c/f) before continuing to kick on during the New York session to make new highs of 1.2591, with a broader stronger USD driven by US FI sell off and NAFTA… View Article

AUD & NZD Update – 06/10/2017 (10:30am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin AUD & NZD Update – 06/10/2017 (10:30am): AUD & NZD – Both traded with an offered tone again in Asia with the USD driven higher as US FI came under pressure; this saw recent support broken in both AUDUSD at 0.7785 and NZDUSD at 0.7130.  Further catalyst to AUD weakness was provided by RBA’s Harper: *RBA’S… View Article

USD/YEN Update – 06/10/2017 (10:20am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin USD/YEN Update – 06/10/2017 (10:20am): USDJPY traded above 113.00 again overnight on broad USD/UST yield strength. The pattern in recent sessions has been USD supply on rallies and that continued overnight. 113.25 is short term resistance above which we target 114.50. Some see JPY crosses looking a little weak technically with EURJPY sub 132.40 and CADJPY… View Article

GBP/USD Update – 06/10/2017 (10:10am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin GBP/USD Update – 06/10/2017 (10:10am): The Tory party was not in great shape ahead of the conference, and not too much has changed or helped to improve it and the market seems to be happy to add to bearish conviction as the price action suggests.  However, the flow dynamic during yesterday’s move was very one… View Article

EUR/USD Update – 06/10/2017 (10:00am) – by Arjun Lakhanpal

October 6, 2017 by savi-admin EUR/USD Update – 06/10/2017 (10:00am): EURUSD traded through 1.1700 again today, driven largely by UST yield strength and subsequent bid to the USD. ECB minutes contained several mentions/concerns over EUR strength although having been mentioned several times in the last ECB meeting itself, there was no new information really. NFP is today’s focus although many are… View Article

European Open Market Briefing – 06/10/2017 – by Arjun Lakhanpal

October 6, 2017 by savi-admin In European Equity Markets  Spanish stocks rebounded on Thursday from heavy losses in the previous session driven by escalating tensions over Catalonia, leading gains across European indexes. Spain’s ended the session up 2.5 percent, led by its banking stocks, as worries over Catalonia eased. The pan-European STOXX 600 index index closed 0.2 percent lower, while Germany’s DAX was… View Article