European Opening Session – 20/04/2017 – by Arjun Lakhanpal

April 20, 2017 by savi-admin 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

Morning Update – 20/04/2017 – by Arjun Lakhanpal

April 20, 2017 by savi-admin 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

American Round-Up – 19/04/2017 – by Arjun Lakhanpal

April 19, 2017 by savi-admin 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

USD/YEN Update – 19/04/2017 (10:50am) – by Arjun Lakhanpal

April 19, 2017 by savi-admin 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

GBP/USD Update – 19/04/2017 (10:30am) – by Arjun Lakhanpal

April 19, 2017 by savi-admin GBP/USD Update – 19/04/2017 (10:30am): GBP/USD manages to hold well above 1.28 handle, having found strong support near 1.2810 region, as latest comments from the UK PM Theresa May on the upcoming general elections continue to underpin the sentiment around the GBP. However, the upside seems capped near 1.2855/60 band, in the wake of persisting… View Article

European Opening Session – 19/04/2017 – by Arjun Lakhanpal

April 19, 2017 by savi-admin In Asian Equity Markets Japanese stocks edged down in choppy trade on Wednesday morning as geopolitical tensions soured investor sentiment, while regional banking stocks underperformed as Japanese government bond yields fell to five-month lows. The Nikkei 225 index lost 0.2 percent to 18,380.81 in midmorning trade, after briefly flirting in positive territory earlier. The MSCI’s broadest… View Article

Morning Update – 19/04/2017 – by Arjun Lakhanpal

April 19, 2017 by savi-admin Morning all.. Wall St had a wobble as geo-political tensions remain elevated and some poor earnings from GS. However the Nikkei managed to cling on to minor gains finishing up 0.1% in a quiet session. USDJPY holding above the US lows helping. USDJPY had a rather tight range along with most FX pairs with a… View Article

GBP/USD Update – 18/04/2017 (13:33) – by Jaz Singh

April 18, 2017 by savi-admin GBP/USD Update – 18/04/2017 (13:33): With the unexpected announcement of a British general election in 7 weeks we’ve seen pound sterling rally strongly against its counterparts. However, the stronger risk/reward trade in the medium to long term remains a sterling sell as the likelihood of Brexit being reversed is negligible, regardless of the election result…. View Article

EUR/USD Update – 18/04/2017 (12:07pm) – by Arjun Lakhanpal

April 18, 2017 by savi-admin EUR/USD Update – 18/04/2017 (12:07pm): The EUR/USD pair continued with its range-bound price-action within 100-pips broader trading range and was confined in a narrow band above 100-day SMA on Tuesday. Technically, the pair maintains its neutral bias and hence any further up-move is likely to face strong supply near 1.0675-80 region and the 1.0700 handle,… View Article

USD/YEN Update – 18/04/2017 (10:42am) – by Arjun Lakhanpal

April 18, 2017 by savi-admin USD/YEN Update – 18/04/2017 ( 10:42am): Geopolitical risks remain the broader driver of USDJPY. With China and Russia attempting to defuse rising tensions between the US and North Korea over the weekend and no immediate war, pressure has alleviated a little and having traded a low of 108.14 driven also by a miss in US… View Article