September 5, 2017
EUR/USD Update – 05/09/2017 (11:00am): EURUSD traded a relatively tight range yesterday and expect relatively range bound trading ahead of the ECB where they continue to see the risks as relatively balanced with at the margin skew to higher EURUSD with dips likely to be bought on any material sell-off back towards 1.1820 area likely to… View Article
September 5, 2017
In Asian Equity Markets Japan’s Nikkei index fell to a one-week low in choppy trade on Tuesday morning as geopolitical tensions over North Korea sapped risk appetite, while index-heavyweight Fast Retailing Co fell on weak sales. The Nikkei shed 0.4 percent to 19,431.02 in midmorning trade, after initially opening slightly higher. The broader Topix shed 0.5 percent… View Article
September 5, 2017
Morning all.. Wall St was closed yesterday but some risk aversion still seemed evident in Asia last night with the Nikkei closing down 0.6% and USDJPY slipped further to a low of 109.20. JPY and CHF maintained their safe haven status with the USD softer against both currencies, 0.4% and 0.3% respectively. The US warned… View Article
September 4, 2017
GBP/USD Update – 04/09/2017 (11:30am): Last week GBP/USD recovered off the 1.2775/77 support area and we have seen a rebound into 1.30-1.31 zone as we suspected. The near term uptick is expected to terminate ahead of the 78.6% retracement at 1.3162, just ahead of here lies the 1.3126 July 18 high. The 1.2775/59 support zone… View Article
September 4, 2017
EUR/USD Update – 04/09/2017 (11:00am): The sell-off from the recent high at 1.2070 to the latest low at 1.1823 has been fairly impulsive which implies that we have most likely only seen wave a down of a classical a-b-c down-consolidation. Only a decisive break above 1.2012 (minor 76.4 %) would re-challenge key-resistance between 1.2099 and… View Article
September 4, 2017
In Asian Equity Markets Japan’s Nikkei share average stumbled on Monday after North Korea conducted its most powerful nuclear test yet, and some traders expect more selling once the U.S. market reopens after a holiday. The Nikkei lost 0.8 percent to 19,527.75, falling from Friday’s two-week high while the broader Topix declined 0.9 percent to 1,605.15…. View Article
September 4, 2017
Morning all..On Friday, Wall St closed higher after some rather poor US unemployment and wage data with the S&P closing up 0.2%. But over the weekend Kim of N. Korea was firing off another missile and this one a huge jump in explosive power. Asian markets are far more nervous of this kind of action… View Article
