Morning Update – 06/10/2017 – by Arjun Lakhanpal

October 6, 2017 by savi-admin Morning all.. Wall St had another record close with the S&P up 0.56% in a session tht started and finished strongly. To some extent this followed on in Asia with the Nikkei up 0.28% and USDJPY breaking back above 113.000 but failing to take out the highs, kept the Nikkei capped. The USD continued to… View Article

Morning Update – 29/09/2017 – by Arjun Lakhanpal

September 29, 2017 by savi-admin Morning all.. Wall St managed to close in positive territory last night with the S&P up 0.12% but the Trump Tax reform euphoria weakened and saw US yields fell taking the dollar with them. In Asia we saw the Nikkei close down 0.15% as USDJPY slipped from above 113.00 to a low of 112.26 last… View Article

EUR/GBP Update – 28/09/2017 (11:40am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin EUR/GBP Update – 28/09/2017 (11:40am): EUR/GBP remains under pressure but will shortly encounter stronger support at the .8743 14th July low and we would allow for further consolidation. Between here and .8713 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend.

AUD/USD Update – 28/09/2017 (11:30am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin AUD/USD Update – 28/09/2017 (11:30am): AUD/USD remains under pressure. We have taken a brief look through the .7808 current August low, which guards good support at .7748/41. This is where the February and March highs are located and there is scope for .7686 the previous 2016-2017 resistance line,

EUR/USD Update – 28/09/2017 (11:20am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin EUR/USD Update – 28/09/2017 (11:20am): EUR/USD’s outlook on the charts is negative following the erosion of the 5 month uptrend and the 1.1836/23 September lows and we look for further weakness to initially to the 1.1662 August low and then the mid-June high at 1.1296 and the more important 1.1110 end of May low. Intraday rallies… View Article

USD/YEN Update – 28/09/2017 (11:00am) – by Arjun Lakhanpal

September 28, 2017 by savi-admin USD/YEN Update – 28/09/2017 (11:00am): USD/JPY has eroded the 200 day ma at 112.07 and has resumed an upside bias. We look for gains to the top of the range at 114.38/49. Intraday dips should be find initial support offered by the accelerated uptrend at 112.21 and the 200 day ma at 112.07.

Morning Update – 28/09/2017 – by Arjun Lakhanpal

September 28, 2017 by savi-admin Morning all.. Wall St had a better day with the S&P closing up 0.4% but the Nasdaq under-performed again. Wall St was boosted by tax reform guidelines from Trump but many feel a lot of adjustments will see any final package looking rather different. The dollar followed yields higher and USDJPY above 113.00 saw the… View Article

GBP/USD Update – 27/09/2017 (11:40am) – by Arjun Lakhanpal

September 27, 2017 by savi-admin GBP/USD Update – 27/09/2017 (11:40am): We highlighted yesterday that “another push lower towards 1.3420 seems likely before a more sustained recovery can be expected”. In line with expectation, GBP dipped to a low of 1.3410 before rebounding quickly. The recovery appears to have scope to extend higher but at this stage, a clear break above yesterday’s… View Article