European Open Market Briefing – 22/09/2017 – by Arjun Lakhanpal

September 22, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell in choppy trade early on Friday, moving away from two-year highs as rising geopolitical tensions over North Korea sapped risk appetite. The Nikkei fell 0.3 percent to 20,287.09 in midmorning trade, after opening in positive territory. For the week, the Nikkei is still up 2.0 percent. The broader Topix fell… View Article

Morning Update – 22/09/2017 – by Arjun Lakhanpal

September 22, 2017 by savi-admin Morning all.. Wall St fell with the S&P closing down 0.3% as fears rise that N.K may react badly to new sanctions from Trump. This also stalled the dollar rally. The theme continues into Asia where the Nikkei fell 0.23% and USDJPY remained under pressure, falling to  alow of 111.65 at one stage. US yields… View Article

European Close Market Briefing – 21/09/2017 – by Arjun Lakhanpal

September 22, 2017 by savi-admin In European Equity Markets banking stocks drove bourses higher on Thursday after the U.S. Federal Reserve signaled a likely December rate hike and announced it would begin trimming its balance sheet in October. The pan-European STOXX 600 ended up 0.3 percent while euro zone stocks and blue-chips rose 0.4 percent as the U.S. central bank’s optimism on… View Article

EUR/GBP Update – 21/09/2017 (12:10pm) – by Arjun Lakhanpal

September 21, 2017 by savi-admin EUR/GBP Update – 21/09/2017 (12:10pm): EUR/GBP is holding ahead of the .8743 14th July low and has bounced back above .8800. Charts suggest Intraday rallies are indicated to hold below 8900.. In a tight range for the foreseeable future.. Waiting for a break..

GBP/USD Update – 21/09/2017 (12:00pm) – by Arjun Lakhanpal

September 21, 2017 by savi-admin GBP/USD Update – 21/09/2017 (12:00pm): GBP/USD has been rejected from critical medium term resistance at 1.3622/70, which represents a double Fibo and the 2014-2017 downtrend. Given the convergence of resistance here we would expect this to continue to hold the initial test and provoke some profit taking. However currently the intraday Elliott wave counts are positive…. View Article

USD/CHF Update – 21/09/2017 (11:50am) – by Arjun Lakhanpal

September 21, 2017 by savi-admin USD/CHF Update – 21/09/2017 (11:50am): USD/CHF has seen a strong rally post FOMC and we maintain an upside bias above .9570. There is scope for a test of the current August highs at .9770/72, however in order to reignite medium term upside interest we suspect that the currency pair will need to close above the… View Article

EUR/USD Update – 21/09/2017 (11:40am) – by Arjun Lakhanpal

September 21, 2017 by savi-admin EUR/USD Update – 21/09/2017 (11:40am): EUR/USD continues to hold over the 5 month uptrend at 1.1853, but only just following an outside day to the downside. While this holds we remain unable to rule out an extension to the 50% retracement from the move down from the 2014 high at 1.2168 and the 1.2372 200 month… View Article

USD/CAD Update – 21/09/2017 (11:30am) – by Arjun Lakhanpal

September 21, 2017 by savi-admin USD/CAD Update – 21/09/2017 (11:30am): While the near-term retracement continues to develop, the downside risks are intact in line with the corrective bias and the impulsive breakdown below important trend line support from the 2012 low at 1.2359. The more immediate focus is on the 1.2335/1.2414 resistance zone (38.2% retracement/recent breakdown area). Still, an extension above… View Article

NZD/USD Update – 21/09/2017 (11:20am) – by Arjun Lakhanpal

September 21, 2017 by savi-admin NZD/USD Update – 21/09/2017 (11:20am): While yesterday’s break above the short-term range action raises the risk of additional upside, note that the next line of key resistance has held in so far as the overall downside risks are intact. Again, the focus is now on the .7400/60 zone (61.8/76.4% retracements), with breaks above the latter implying… View Article