Morning Update – 17/07/2017 – by Arjun Lakhanpal

July 17, 2017 by savi-admin Morning all.. US stocks closed higher even after some poor US data Friday but Asia was mixed with Nikkei closed for a holiday in Japan. China data was strong but stocks a tad soft. China was the star of the show in EM after Q2 GDP grew by 6.9%, beating the market consensus of 6.8%… View Article

European Close Market Briefing – 14/07/2017 – by Arjun Lakhanpal

July 16, 2017 by savi-admin In European Equity Markets stocks had their strongest week in more than two months as investors piled back into equities on signs that the world’s major central banks would likely not tighten monetary policy as quickly as some had feared. The pan-European STOXX 600 index inched up 0.1 percent while euro zone bluechips fell 0.2 percent.  Euro zone banks… View Article

USD/CHF Update – 14/07/2017 (13:07am) – by Arjun Lakhanpal

July 14, 2017 by savi-admin USD/CHF Update – 14/07/2017 (13:07am): USD/CHF near term outlook stays positive – it is bouncing from its 200 week ma. The market continues to rebound from key support at .9557/44 (the 200 week ma and 2016 low), initial support is .9600 (this has held 3 times recently). It has also now cleared the resistance offered… View Article

European Open Market Briefing – 14/07/2017 – by Arjun Lakhanpal

July 14, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged up on Friday and remained on track for a robust weekly gain, though investors grew cautious ahead of a long holiday weekend. The Nikkei index was up 0.2 percent at 20,144.82 at the end of morning trade. It was up 1.1 percent for the week. The broader Topix added… View Article

Morning Update – 14/07/2017 – by Arjun Lakhanpal

July 14, 2017 by savi-admin Morning all.. Wall St had a quiet session with the S&P closing up 0.19% and the NASDAQ up 0.21%. Markets were quiet in Asia as well as most now wait for major data from the US later and the Nikkei closed up 0.1(% whilst HK fell marginally. Shares in Japan, Australia and South Korea advanced… View Article

European Open Market Briefing – 13/07/2017 – by Arjun Lakhanpal

July 13, 2017 by savi-admin In Asian Equity Markets stocks were mostly up on Thursday after US Federal Reserve Chair Janet Yellen’s cautious testimony on Wednesday in the US while markets in China got a boost from estimate-beating trade data. MSCI’s broadest index of Asia-Pacific stocks outside Japan rose 1.2 percent to its highest since May 2015. Australia’s main index jumped 1 percent,… View Article

Morning Update – 13/07/2017 – by Arjun Lakhanpal

July 13, 2017 by savi-admin Morning all.. Stocks rallied strongly in the US after Yellen sounded just a little more dovish on future rate hikes and seems to be concentrating now on balance sheet reduction. Yellen still sees problems with wage growth and says it seems somewhat low given 2% inflation objective, low productivity limiting wage growth; fair to say… View Article

European Close Market Briefing – 12/07/2017 – by Arjun Lakhanpal

July 12, 2017 by savi-admin In European Equity Markets a run higher for energy stocks and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in on Wednesday, though renewed pain for publisher Pearson weighed on the media sector. The pan-European STOXX 600 index was up 0.5 percent, as were the blue chips. Luxury… View Article