Morning Update – 24/05/2017 – by Arjun Lakhanpal

May 24, 2017 Morning all.. Wall St closed higher as Mnuchin made comforting noises about getting tax reform done this year and the S&P closed up 0.18% in a quiet session in NY. It was quiet in Asia too and the Nikkei caught up some lost ground from the previous day, closing up 0.59% but China stocks were… View Article

European Close Market Briefing – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 In European Equity Markets stocks closed in the green on Tuesday, with French shares among the biggest advancers as eurozone economic activity remained at a six-year high.  The pan-European STOXX 600 index ended up 0.2 percent. Germany’s DAX was up 0.3 percent while euro zone blue chips gained 0.5 percent. European tech firms were standout performers,… View Article

AUD/USD Update – 23/05/2017 (11:48am) – by Arjun Lakhanpal

May 23, 2017 AUD has maintained its strong bid tone for the third consecutive session and jumped to near three-week highs, beyond the key 0.75 psychological mark. On a sustained move above 0.7500-0.7510 area, the pair is likely to aim towards testing 50-day SMA hurdle near 0.7530-35 zone en-route 100-day SMA resistance near 0.7555 region. On the downside,… View Article

European Open Market Briefing – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 In Asian Equity Markets Japanese stocks were flat on Tuesday morning as a risk-averse mood kept investors sidelined following an explosion in the English city of Manchester, which lifted the safe-haven yen and depressed some export-oriented shares. The Nikkei index fell 0.1 percent to 19,662.91 in midmorning trade. The broader Topix was up 0.1 percent to 1,568.40… View Article

Morning Update – 23/05/2017 – by Arjun Lakhanpal

May 23, 2017 Morning all.. Wall St closed up 0.52% as confidence returns to stock investors but Asia markets were rather soft with Nikkei closing down 0.46% after news from Manchester and USDJPY weakened back below 111.00 on the news. The dollar was weak still overnight across the board with EUR holding gains. However, EU Officials: EZ Finance… View Article

European Close Market Briefing – 22/05/2017 – by Arjun Lakhanpal

May 22, 2017 In European Equity Markets  stocks ended a choppy session slightly lower, weighed by German stocks, as the euro rallied after comments about the shared currency by German Chancellor Angela Merkel. The Stoxx Europe 600 index fell 0.1 percent to 391.14. Aegon NV climbed 6.5 percent after the Dutch insurer said it would sell its two largest U.S. life… View Article

WTI Update – 22/05/2017 (13:15pm) – by Arjun Lakhanpal

May 22, 2017 WTI Update – 22/05/2017 (13:15pm): With OPEC meeting this week, these may factor into the run-in to Thursdays meeting.. The recovery phase continues to play out as the reversal from this month’s low maintains an impulsive bias. The sustained break back above the 47.00-50 area has led to a test of the 50/52 zone –… View Article