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

September 21, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose on Thursday, boosted by gains on Wall Street and a weaker yen after the Federal Reserve signalled it still expects to raise interest rates one more time this year. The Nikkei was up 0.8 percent at the end of morning trading at 20,479.88 points, its highest since August… View Article

Morning Update – 21/09/2017 – by Arjun Lakhanpal

September 21, 2017 by savi-admin Morning all.. Wall St had another quiet session and didn’t react to the announcement by the Fed that the Balance sheet reduction will start next month, as they suggested it will only be $10bln a month. It also failed to react to the fact that they are keeping the rate path unchanged which still suggests… View Article

European Close Market Briefing – 20/09/2017 – by Arjun Lakhanpal

September 21, 2017 by savi-admin In European Equity Markets stocks hovered in cautious trade on Wednesday ahead of a policy decision by the U.S. Federal Reserve, with rate-sensitive banking shares edging lower. The pan-European STOXX 600 was flat in percentage terms, helped by buoyant energy stocks and gains among the more defensive health care .SXDP sector, while euro zone blue chips retreated… View Article

EUR/YEN Update – 20/09/2017 (12:05pm) – by Arjun Lakhanpal

September 20, 2017 by savi-admin EUR/YEN Update – 20/09/2017 (11:55am): EURJPY still in an uptrend.. EUR/JPY has reached the 134.32/61.8% of the move down from 2014 and initial target for the upmove. We would allow for this to hold the initial test. We note the 13 count on the 240 minute chart. Provided that the uptrend at 130.70 contains the down… View Article

USD/CHF Update – 20/09/2017 (11:50am) – by Arjun Lakhanpal

September 20, 2017 by savi-admin USD/CHF Update – 20/09/2017 (11:50am): USD/CHF continues to hold steady and for now we maintain an upside bias above .9530. 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 .9814 end… View Article

EUR/USD Update – 20/09/2017 (11:40am) – by Arjun Lakhanpal

September 20, 2017 by savi-admin EUR/USD Update – 20/09/2017 (11:40am): EUR remains in an uptrend even with ECB sources trying to talk it down.. EUR/USD continues to hold over the 5 month uptrend at 1.1841. 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… View Article

EUR/GBP Update – 20/09/2017 (11:30am) – by Arjun Lakhanpal

September 20, 2017 by savi-admin EUR/GBP Update – 20/09/2017 (11:30am): EURGBP some way off support. Between .8743 14th July low and .8698 we have a LOT of support namely the 55 week ma, the 200 day ma and the 2015-2017 uptrend. Intraday rallies are indicated to hold below 8875/.8935.

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

September 20, 2017 by savi-admin GBP/USD Update – 19/09/2017 (11:20am): GBP/USD remains bid and just below 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 upper level to hold the initial test and provoke some profit taking. However currently the intraday Elliott wave counts are… View Article

European Open Market Briefing – 20/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index was nearly flat on Wednesday morning after scaling more than two-year highs on the previous day, while investors stayed cautious before the U.S. Federal Reserve’s policy meeting which ends later in the day. The Nikkei was flat at 20,302.96 in midmorning trade, after rising 2.0 percent to hit the… View Article

Morning Update – 20/09/2017 – by Arjun Lakhanpal

September 20, 2017 by savi-admin Morning all.. Wall St climbed to new record highs again in the Dow and the S&P closed up 0.11% in what was a very quiet session again as we wait for the Fed. The Nikkei was also close to unchanged with many waiting for the FOMC meeting tonight where Yellen is expected to announce the start… View Article