European Open Market Briefing – 09/05/2017 – by Arjun Lakhanpal

May 9, 2017 by savi-admin In Asian Equity Markets Japanese equities fell on Tuesday as the market ran out of puff after rallying to a 17-month high the previous day, though it was supported well by a confluence of factors like the significantly weaker yen. The Nikkei index edged down 0.1 percent to 19,875.89. The broader Topix shed 0.2 percent to 1,582.82… View Article

Morning Update – 09/05/2017 – by Arjun Lakhanpal

May 9, 2017 by savi-admin Morning all.. Wall st closed unchanged in a very quiet session for stocks but the dollar edged higher as US yields rose slightly. Asia however was more mixed with the Nikkei down 0.23% and Shanghai down yet again but again markets were subdued with little news. Investors are stepping back after a rally on Monday… View Article

European Close Market Briefing – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin In European Equity Markets stocks powered ahead on Thursday as earnings, economic data and politics aligned to boost the market to further highs. The pan-European STOXX 600 index rose 0.7 percent, while German blue chips rose to an all-time high and France’s CAC climbed to its highest in more than nine years. European banks rose 1.5 percent… View Article

USD/YEN UPDATE – 08/05/2017 (12:31pm) – by Arjun Lakhanpal

May 8, 2017 by savi-admin USD/YEN UPDATE – 08/05/2017 (12:31pm) – Price tested through daily downtrend with an overnight print at 113.13 marking a marginal higher high but this was quickly revered and no daily close as yet thru the downtrend. A break of the neckline at 112.09 triggers the pattern and targets 111.15 which happens to be at the… View Article

European Open Market Briefing – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index hit a level not seen in nearly 17 months on Monday morning as the yen stayed weak after Emmanuel Macron was elected president of France, as a business-friendly vision of European integration helped boost investor confidence. The Nikkei rose 1.8 percent to 19,804.20, the highest since December 2015. The broader… View Article

Morning Update – 08/05/2017 – by Arjun Lakhanpal

May 8, 2017 by savi-admin Morning all.. Wall St closed quiet but firmer on Friday in front of the French election which macron won with some ease calming nerves across the global asset markets. The Nikkei was up 2.46% on this and had some catching up to do after being off for 3 days for Golden week. EUR rallied on… View Article

European Close Market Briefing – 05/05/2017 – by A Lakhanpal

May 6, 2017 by savi-admin In European Equity Markets stocks climbed out of the red and finished at a 21-month high Friday, as buying appetite for assets perceived as risky returned ahead of the French presidential election. The Stoxx Europe 600 index turned higher during the session, ending up 0.7 percent at 394.54, its highest since August 2015. France’s CAC 40 index finished up… View Article

EUR/USD UPDATE – 05/05/2017 (11:49am) – by Arjun Lakhanpal

May 5, 2017 by savi-admin EUR/USD UPDATE – 05/05/2017 (11:49am) – EURUSD -Price finally broke above the short term resistance 1.0950 and thru 1.0958 daily chart resistance and has gone on to mark a high at 1.0990. From this high price has sold lower to be back testing 1.0950/53 area. As previously noted a break would open up next resistance 1.1017/24… View Article