April 24, 2017
Morning all.. Wall St closed quietly as most were waiting to see how the first round of the French Presidential vote went and as of now it looks like a two-way run-off between Macron and Le Pen and one that is suggested to secure Macron as the new President. This has been seen as a… View Article
April 21, 2017
In European Equity Markets French blue-chip stocks underperformed other European benchmark indexes on Friday as investors retreated from risky bets ahead of the too-close-to-call first round of France’s presidential election. The CAC fell 0.4 percent, while the pan-European STOXX index added 0.1 percent. On the week they were down slightly but both indexes are less than… View Article
April 21, 2017
GBP/USD Update – 21/04/2017 (14:40): GBP finding it difficult to move back above mid-1.2800s, while immediate downside remains protected by the 1.2775-70 horizontal support area. On the economic data front, the pair had a muted reaction to a larger-than-expected drop in the UK monthly retail sales figure. Today’s disappointing retail sales clearly suggests that higher… View Article
April 21, 2017
In Asian Equity Markets Japanese stocks rose to 1-1/2 week highs on Friday as global investors bet that U.S. tax reforms are getting back on track, but Fujifilm Holdings tumbled after it delayed its earnings release due to an accounting probe. The Nikkei 225 index gained 0.9 percent to 18,597.25 points by mid-morning, its highest level… View Article
April 21, 2017
Morning all.. Confidence returned to Wall St, closing up 0.76% reversing all the previous sessions looses and some. Trump was talking of imposing Steel tariffs but this seemed to help rather than hinder US stocks. This sparked solid buying in Asia as well with the Nikkei closing up 1.1% as risk sentiment grew. Iron Ore… View Article
April 20, 2017
In European Equity Markets stocks edged higher on Thursday as investors welcomed results from Man Group and Pandora maintained its outlook, while French equities outperformed ahead of the first round of France’s presidential election. The pan-European STOXX 600 index ended the session 0.2 percent higher. France’s CAC 40 rose 1.5 percent and marking its best… View Article
April 20, 2017
In Asian Equity Markets Japanese stocks rose on Thursday morning as the yen’s strong trend paused and the country’s strong trade data lifted sentiment, but mining shares underperformed on the back of a steep decline oil prices. The Nikkei 225 index rose 0.3 percent to 18,484.46 in midmorning trade. The broader Topix gained 0.5 percent to 1,478.86… View Article
April 20, 2017
Morning all.. Wal St had a very mixed session with techs doing well but the Dow down 0.58% as banks and energy firms moved lower. The S&P was stuck in the middle closing down just 0.17%. Overall though it was a quiet US session. Over in Asia we saw the Nikkei finish close to unchanged… View Article
April 19, 2017
In European Equity Markets stocks recovered on Wednesday from their biggest one-day loss in five months, as a rebound in banking stocks and some positive first-quarter results outweighed weakness in oil and gas stocks. The pan-European STOXX 600 was up 0.2 percent at its close, after hitting a three-week low on Tuesday. Banking stocks snapped a… View Article
April 19, 2017
USD/YEN Update – 19/04/2017 (10:50am): USDJPY on the charts:.momentum above the 109.00 handle is likely to confront resistance near 109.20-25 region, above which the pair is likely to aim towards 109.40-50 horizontal resistance. A follow through buying interest seems to assist the pair back towards reclaiming the key 110.00 psychological mark. On the downside, 108.45-40… View Article
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