USD/CHF Update – 27/09/2017 (11:30am) – by Arjun Lakhanpal

September 27, 2017 by savi-admin USD/CHF Update – 27/09/2017 (11:30am): USDCHF breaking through resistance at .9745, the 3 month downtrend. Intraday dips are indicated to hold circa .9640/.9570 and we maintain an upside bias above .9570. There is scope for a test of the current August highs at .9770/72, however in order to reignite medium term upside interest we suspect that… View Article

USD/CAD Update – 27/09/2017 (11:20am) – by Arjun Lakhanpal

September 27, 2017 by savi-admin USD/CAD Update – 27/09/2017 (11:20am): USDCAD breaking resistance at 1.2359 which takes the focus to 1.2414  (38.2% retracement/ recent breakdown area). Still, an extension above the 1.2600/65 area is necessary to confirm a short-term corrective phase.

NZD/USD Update – 27/09/2017 (11:10am) – by Arjun Lakhanpal

September 27, 2017 by savi-admin NZD/USD Update – 27/09/2017 (11:10am) – by Arjun Lakhanpal: Kiwi breaking lower as the dollar rises.. With the decline from last week’s high taking on an impulsive bias, the risk of a deeper corrective phase has increased as the focus turns to the next line of key support. The .7185/.7100 zone, which includes the August low,… View Article

AUD/USD Update – 27/09/2017 (11:00am) – by Arjun Lakhanpal

September 27, 2017 by savi-admin AUD/USD Update – 27/09/2017 (11:00am): AUD still under pressure having broken trend support at .7955.. The short term corrective phase continues to develop as we monitor key initial support levels to confirm the onset of a deeper retracement. Again, the more immediate focus is on the .7870/.7807 support zone and August lows with breaks confirming the… View Article

Morning Update – 27/09/2017 – by Arjun Lakhanpal

September 27, 2017 by savi-admin Morning all.. Wall St closed rather mixed but quiet with Dow down marginally and the S&P unchanged in an uneventful session but in FX we saw the rebound of USDJPY and USDCHF and continued dollar strength across the board. The higher USDJPY helping the Nikkei to close up 0.3%. Most currencies were range bound with… View Article

European Close Market Briefing – 26/09/2017 – by Arjun Lakhanpal

September 27, 2017 by savi-admin In European Equity Markets stocks were flat on Tuesday after a selloff in technology shares on Wall Street and as tensions over Korea persisted, while investors were awaiting further clues on whether U.S. interest rates will rise in December. German drugs and chemicals maker Merck rose 2 percent as UBS initiated coverage with a “buy” rating, saying its ability… View Article

USD/YEN Update – 26/09/2017 (12:20pm) – by Arjun Lakhanpal

September 26, 2017 by savi-admin USD/YEN Update – 26/09/2017 (12:20pm): Charts suggest a dip below the overnight low of 111.46 is not ruled out. That said, the next support at 111.10 is a major level and is unlikely to yield so easily. Resistance is at 112.05 followed by 112.35. Further up, the 112.70 level remains as a solid resistance and is… View Article

EUR/USD Update – 26/09/2017 (12:00pm) – by Arjun Lakhanpal

September 26, 2017 by savi-admin EUR/USD Update – 26/09/2017 (12:00pm): EUR weakness still a theme. Risk-off moods fueled by escalating geopolitical tensions between the US and North Korea appear to have eased a bit, thereby triggering the demand for the higher-yielding assets such as the equities, Treasury yields etc.. In the 4 hours chart, the price is developing below all of its… View Article

European Open Market Briefing – 26/09/2017 – by Arjun Lakhanpal

September 26, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei average fell slightly on Tuesday morning as tech shares and Apple suppliers declined, tracking their U.S. counterparts overnight, while concerns over North Korea sapped risk appetite. The Nikkei was effectively flat, down 0.1 percent at 20,377.29 by the midday break, moving away from a two-year high of 20,481.27 hit last… View Article