European Open Market Briefing – 05/06/2017 – by Arjun Lakhanpal

June 5, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index barely moved on Monday, capped by a stronger yen but retaining enough momentum to stay close to a 22-month high scaled the previous session. The Nikkei was up 0.1 percent at 20,197.80. after falling earlier to 20,104.13. The broader Topix was down 0.2 percent at 1,609.24 and the JPX-Nikkei Index… View Article

Morning Update – 05/06/2017 – by Arjun Lakhanpal

June 5, 2017 by savi-admin Morning all.. Wall St closed up 0.37% after some rather poor US data which missed on expectations but at the same time bond yields slumped to below 2.15% in the 10yr at one point which is rather confusing as the bond move suggests a lack of confidence in the economy as stocks hit all-time highs!… View Article

European Close Market Briefing – 02/06/2017 – by Arjun Lakhanpal

June 3, 2017 by savi-admin In European Equity Markets stocks rose on Friday as investors maintained strong flows into the region but top regional benchmarks came off earlier highs after a disappointing U.S. jobs growth. The pan-European STOXX 600 ended up 0.2 percent. Germany’s DAX rose 1.25 percent and UK’s FTSE added 0.05 percent. Supporting the DAX were gains among carmakers after… View Article

European Open Market Briefing – 02/06/2017 – by Arjun Lakhanpal

June 2, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index broke through the 20,000-point barrier for the first time since December 2015 on Friday after a batch of strong U.S. economic data lifted Wall Street and the U.S. currency against the yen. The Nikkei swept through 20,000 in early trade making a 1.3 percent advance to 20,115.23, its highest… View Article

Morning Update – 02/06/2017 – by Arjun Lakhanpal

June 2, 2017 by savi-admin Morning all.. Wall St rallied and posted another record close with the S&P up 0.76% at 2,430 which inspired the Nikkei to surge and close above 20,000 for the first time since 2015 closing up 1.83% on the day and helped by a rise in USDJPY. USDJPY made a high in Asia of 111.73. The… View Article

European Close Market Briefing – 01/06/2017 – by Arjun Lakhanpal

June 1, 2017 by savi-admin In European Equity Markets shares inched up on Thursday, with blue chips in Milan taking the lead after better than expected Italian economic growth helped markets shrug off political worries. The pan-European STOXX 600 index gained 0.4 percent, while Italy’s FTSE MIB  rose 1 percent. This contrasted with the mood in Spain, where Banco Popular fell 17.7 percent after… View Article

EUR/YEN Update – 01/06/2017 (11:45am) – by Arjun Lakhanpal

June 1, 2017 by savi-admin EUR/YEN Update – 01/06/2017 (11:45am): EUR/JPY’s near term outlook is neutralising. Last week it failed to clear the 125.81 May high, and now side lined and holding its 20 day ma at 124.40. We would allow for slippage to 122.56 last weeks low and potentially the 121.05 55 day ma, but suspect that it will… View Article

GBP/USD Update – 01/06/2017 (11:25am) – by Arjun Lakhanpal

June 1, 2017 by savi-admin GBP/USD Update – 01/06/2017 (11:25am): A mixed bag in Cable charts.. The market has sold off to and is currently seeing a rebound from 1.2776 the 6th December high, it has not overcome any resistance of note and for now we will maintain a neutral to negative bias. Rebounds are indicated to terminate circa 1.2910… View Article