May 5, 2017
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
May 5, 2017
In Asian Equity Markets stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.4 percent on Friday and was… View Article
May 5, 2017
Morning all.. Another mixed and quiet session on Wall St which again closed unchanged on the day. Nikkei remains closed fr Golden week. Markets on hold now waiting for payrolls data from the US today.. There was some upbeat news as US House: approves first comprehensive plan to rework part of Dodd-Frank; US House: passes… View Article
May 4, 2017
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, holding at 20-month highs, while German blue chips rose to an all-time high and France’s CAC climbed to its highest in more than nine years. European… View Article
May 4, 2017
In Asian Equity Markets stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve’s hawkish policy statement. MSCI’s broadest index of Asia-Pacific stocks outside Japan slid 0.5 percent on Thursday, dragged lower by commodities, energy and financials stocks. Japan is closed for… View Article
May 4, 2017
Morning all.. Wall Closed more or less unchanged after the Fed had no surprises for us and remain on a well flagged path. However the NASDAQ did suffer from some profit taking into the close. Japan remains shut due to golden week. FOMC: Vote unanimously to keep rates unchanged as expected; Q1 slowdown in growth… View Article
April 24, 2017
USD/YEN Update – 24/04/2017 (11:05am): USDJPY gapped higher on the open following Macron and Le Pen’s progression into round 2 of the French presidential elections. The market’s sigh of relief was palpable after the polls proved accurate and currently register a Macron win over Le Pen of ~60-40%. USD/JPY’s near term outlook is positive on… View Article
April 24, 2017
In Asian Equity Markets Japan’s Nikkei share average rose to a near three-week high on Monday with broader investor risk sentiment improving after centrist Emmanuel Macron took a step towards the French presidency after the weekend’s voting. The Nikkei was up 1.4 percent at 18,878.31 after rising to 18,910.33, its highest since April 5. The broader Topix gained… View Article
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