NZD/USD Update – 11/12/2017 (08:30am) – by Arjun Lakhanpal

December 11, 2017 by savi-admin NZD/USD Update – 11/12/2017 (08:30am): Kiwi saw a rally overnight.. On the charts, the short-term range bias continues to develop but struggles against key resistance levels maintain the downside risks. We continue to monitor the .6930/80 zone, which includes the November highs, before the important .7030/50 area (38.2% retracement and October breakdown). Above the latter would… View Article

European Open Market Briefing – 11/12/2017 – by Arjun Lakhanpal

December 11, 2017 by savi-admin In Asian Equity Markets Japanese stocks struggled for traction on Monday as gains in financial shares were offset by decreases in real estate and construction companies, with Obayashi Corp diving more than 8 percent. The Nikkei share average was little changed at 22,815.28 by midmorning trade after opening up 0.4 percent. The broader Topix shed 0.1 percent to… View Article

Morning Update – 11/12/2017 – by Arjun Lakhanpal

December 11, 2017 by savi-admin Morning all.. Wall St closed firmly again as US data was seen as a “Goldilocks” release with signs of growth with solid unemployment but concerns over weak earnings still. The S&P closed up another 0.55% and Asia followed with the Nikkei closing up 0.55%, HK up almost 1% and Shanghai up an impressive 1.6%. The… View Article

USD/CHF Update – 08/12/2017 (14:06pm) – by Arjun Lakhanpal

December 8, 2017 by savi-admin USD/CHF Update – 08/12/2017 (14:06pm): USD/CHF remains bid very near term. The market has overcome the 30th November high at .9882 and 50% retracement at .9888 and is working higher. Dips back from here are indicated to hold circa .9860 and we remain positive and look for a challenge to the 1.0039 recent high. It guards… View Article

AUD/USD Update – 08/12/2017 (10:40am) – by Arjun Lakhanpal

December 8, 2017 by savi-admin AUD/USD Update – 08/12/2017 (10:40am): AUD struggling to move away from the days lows and support at .7500.. The sell-off continues and attention has reverted to the uptrend at .7500. The market has strong support in this vicinity – namely the 2016-2017 uptrend line and double Fibonacci retracement at .7500-.7475 (50% retracement of the move up… View Article

GBP/USD Update – 08/12/2017 (10:20am) – by Arjun Lakhanpal

December 8, 2017 by savi-admin GBP/USD Update – 08/12/2017 (10:20am): The positive developments in the Brexit talks gave GBP another boost in the last 24 hours so that the main resistance zone between 1.3509 (int. 76.4 %) and 1.3629 (int. 76.4 %/daily trend) is now back in focus. Below, the risk of only performing a countertrend rally persists whereas above,… View Article

EUR/USD Update – 08/12/2017 (9:50am) – by Arjun Lakhanpal

December 8, 2017 by savi-admin EUR/USD Update – 08/12/2017 (9:50am): EUR/USD is easing slowly lower from the 78.6% retracement at 1.1976, it is on the defensive and weighing on the 55 day ma at 1.1761. A close below the 55 day ma and preferably below 1.1712 the recent low is needed to alleviate immediate upside pressure. Below 1.1712 the 21st… View Article

EUR/GBP Update – 08/12/2017 (9:30am) – by Arjun Lakhanpal

December 8, 2017 by savi-admin EUR/GBP Update – 08/12/2017 (9:30am): EUR/GBP has eroded a major support band, namely the September low at .8746/33 and the 55 week ma at .8730. It has sold off to the 61.8% retracement of the move seen this year at .8697. Risks are on the downside, and it targets the .8530/78.6% retracement of the move seen… View Article