June 1, 2017
EUR/YEN Update – 01/06/2017 (11:45am): EUR/JPY’s near term outlook is neutralising. Last week it failed to clear the 125.81 May high, and now side lined and holding its 20 day ma at 124.40. We would allow for slippage to 122.56 last weeks low and potentially the 121.05 55 day ma, but suspect that it will… View Article
June 1, 2017
GBP/USD Update – 01/06/2017 (11:25am): A mixed bag in Cable charts.. The market has sold off to and is currently seeing a rebound from 1.2776 the 6th December high, it has not overcome any resistance of note and for now we will maintain a neutral to negative bias. Rebounds are indicated to terminate circa 1.2910… View Article
June 1, 2017
EUR/USD Update – 01/06/2017 (11:05am): EUR looking constructive on the charts.. The Euro’s consolidation phase looks complete and the market is well placed to test the recent high at 1.1268 and the 1.1300 November 2016 high. It will remain bid while above the near term uptrend at 1.1035. Rallies will find interim resistance at 1.1268… View Article
June 1, 2017
In Asian Equity Markets equities saw mixed performance with the Nikkei 225 supported by domestic data while soft Caixin PMI weighed on the Shanghai Comp. Japan’s Nikkei share average gained on Thursday, snapping a four-day losing run, lifted by upbeat domestic data and a weaker yen. The broader Topix climbed 1.1 percent to 1,586.14 and the… View Article
June 1, 2017
Morning all.. Wall St closed around unchanged again after early losses were recovered but Japan had a better night as strong data saw the Nikkei rally almost 1%. The rally after capital spending topped estimates and a beat in PMI data. However Chinese stocks suffered and so did the AUD after some poor Chinese data… View Article
May 31, 2017
In European Equity Markets stocks posted their fourth straight month of gains on Wednesday though fresh political worries and the lack of new catalysts following a surprisingly strong earnings season spurred investors to lock in some profits in banks and commodities-related stocks. The pan-European STOXX 600 index ended the day little changed and up 0.9 percent… View Article
May 31, 2017
EUR/YEN Update – 31/05/2017 (11:23am): EURJPY is hovering around 124.00, albeit maintained its offered tone for the fourth consecutive session following the release of Euro-zone flash CPI print. From a technical perspective, the cross has repeatedly managed to hold 123.65 horizontal level on daily closing basis. Hence, it would be prudent to wait for a strong… View Article
May 31, 2017
In Asian Equity Markets Japanese stocks decreased on Wednesday morning after weakness in U.S. shares and a stronger yen hurt sentiment, while sliding oil prices dragged down the mining sector. The Nikkei index fell 0.5 percent to 19,589.25 in midmorning trade. The broader Topix shed 0.2 percent to 1,570.06 and the JPX-Nikkei Index 400 declined 0.2 percent… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
