June 9, 2017
Morning all.. Wall St finished almost unchanged after all the Comey comments but the big news overnight was the UK election seeing the government lose their majority.. In Asia the Nikkei rallied 0.45% but the focus was on the fall in the Pound which fell 200 points or 1.8%. Cable had a low of 1.2685… View Article
June 8, 2017
In European Equity Markets banks and utilities supported European stocks on Wednesday, with relief that Spain’s struggling Banco Popular was being rescued by Santander lifting bank shares. The STOXX 600 index fell 0.1 percent, weighed down by a late decline in energy stocks. Britain’s FTSE 100 index fell 0.6 percent and Germany’s DAX inched 0.1 percent. European utilities .SX6P also… View Article
June 8, 2017
In Asian Equity stocks wobbled on Thursday as investors braced for any surprises from the UK election, a European Central Bank policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. Japan’s benchmark Nikkei 225 index lost 0.3 percent to 19,924.86 and South Korea’s Kospi edged up 0.1… View Article
June 8, 2017
Morning all.. Wall St closed up 0.16% after a shaky start after the fall in oil. In Asia stocks were less resilient with the Nikkei falling 0.38% as USDJPY failed to rise and GDP data disappointed. Japan Q1 final GDP: +0.3% q/q vs +0.6% cons+1.0% y/y vs +2.4% cons; Deflator -0.8% y/y in line-Japan Apr… View Article
June 7, 2017
In European Equity Markets banks and utilities supported stocks on Wednesday, with relief that Spain’s struggling Banco Popular was being rescued by Santander lifting bank shares. The STOXX 600 index fell 0.1 percent, weighed down by a late decrease in energy stocks. Britain’s FTSE 100 index fell 0.6 percent and Germany’s DAX inched 0.1 percent. Although shares in… View Article
June 7, 2017
WTI Oil Update – 07/06/2017 (11:00): Oil is drifting lower again with WTI down 0.4%. The short term corrective phase continues to develop in line with last week’s impulsive decline suggesting a growing risk that a deeper short term retracement has set in to the rally from the early-May low. With the break of near term… View Article
June 7, 2017
USD/YEN Update – 07/06/2017 (10:56am): USDJPY remains weak. Yesterday’s sharp decline maintains the bearish risks and potential for a deeper decline given the break of key initial support in the 110.00/109.50 zone. Again, this area included the 76.4% retracement and 200-day moving average as the focus shifts back to the 108.13/107.86 area – April low… View Article
June 7, 2017
GBP/USD Update – 07/06/2017 (10:50am): A lot of chatter regarding GBP into and through the election.. On the charts, while the short term range action continues to develop, the risk of a corrective phase continues to rise in line with the recent break of key initial support in the 1.2890 area. In turn, the focus… View Article
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