September 19, 2017
EUR/USD Update – 19/09/2017 (11:30am): A range breakout between 1.2032 and 1.1823 is needed for directions Following the latest failure to clear 1.2099/1.2177 (int. 38.2 % on 2 scales) the market started retreating last week, but keeps on defending key-support at 1.1830/23 (daily trend/last intra-day low) so far. That said, it now takes a range breakout between… View Article
September 19, 2017
USD/YEN Update – 19/09/2017 (11:20am): After a brief test of daily highs near 111.90, USDJPY has now lost some upside momentum and is now receded towards the 111.60 area. The pair has made 8-week tops in levels just below the critical 112.00 limestone. The sharp rebound in yields of the key US 10-year reference is giving extra oxygen… View Article
September 19, 2017
In Asian Equity Markets Japan’s Nikkei index rose to 2-1/2 month highs on Tuesday as investor confidence was boosted by a weakening yen and strong U.S. shares, lifting cyclical stocks such as exporters and financial companies. The Nikkei gained 1.5 percent to 20,197.56 points by the midday break, after hitting as high as 20,204.30 in early… View Article
September 19, 2017
Morning all.. Wall St closed mildly firmer again overnight with the S&P up just 0.15% in a quiet session as many now wait for the FOMC (Fed) meeting tomorrow evening. The dollar closed in NY quietly with GBP under pressure after Carney suggested risks remain and the US saying a trade deal was a couple… View Article
September 19, 2017
In European Equity Markets stocks ended Monday’s session close to six-week highs, helped by buoyant global stock markets, stronger financials and a rally in Portugal after the euro zone member regained investment grade rating. With no new actions by North Korea over the weekend, economic recovery continued to whet appetite for the region’s equities and the pan-European STOXX… View Article
September 18, 2017
USDJPY ended above the 100-DMA on Friday for the first since July 25. The pair clocked a high of 111.33 before trimming gains to close the week at 110.84 levels. The retreat from the high of 111.33 was the result of a weaker-than-expected US retail sales but the sell-off was short-lived. Repeated bearish exhaustion around… View Article
September 18, 2017
EUR/GBP Update – 18/09/2017 (11:30am): GBP rally stalled its post-BoE upsurge and helped the EUR/GBP cross to stage a modest recovery from near two-month lows. With investors looking past last week’s hawkish BoE twist, a modest profit taking slide around the sterling seems to have prompted some short-covering and helped the cross to snap six consecutive… View Article
September 18, 2017
In Asian Equity Markets Japan’s Nikkei index ended higher on Friday and posted its biggest weekly gain in ten months as a stronger dollar saw investors buying shares of exporters, shrugging off North Korea’s ballistic missile launch that dented risk appetite in broader Asia. The Nikkei initially fell in a knee-jerk reaction at the opening, but soon rebounded and… View Article
September 18, 2017
Morning all.. Wall St closed former on Friday but in a quiet session with the S&P nudging up 0.18% but it was GBP that dominated as the most dovish member of the MPC suggested he could see a hike coming.. In Asia we had another quiet session with the Nikkei closing up a solid 0.52%… View Article
