Trading Update
19-Nov-13, 8:54am:

The S&P 500 Breaks 1800 and Hits a New Record High But…



…most stock market indices ended the day lower after uber investor Carl Icahn said he was very cautious about the markets and that earnings at many companies are fuelled by low borrowing costs.

With USD/JPY falling that’s not helping the Japanese stock market either. The Nikkei 225 is quickly approaching support around 14977.



Update by Craig Inglis, Head of Product Development,
19-Nov-13, 10:26am: Dovish Fed comments have helped the Dow test the 16,000 level, with Chinese economic plans also boosting stock markets.

Despite the strong gains in Asia and the US, Europe is lower on Eurozone concerns.



Update by Ishaq Siddiqi, Market Analyst,
19-Nov-13, 12:05pm: In the latest trading video on the CleanFinancial blog, Michael Hewson looks at the falling demand for commodities including copper.

S&P 500 Targets 1,800 but are Stocks Getting Ahead of Themselves?

Update by Gordon Childs, Editor,
19-Nov-13, 12:05pm: In the latest trading video on the CleanFinancial blog, Michael Hewson looks at the falling demand for commodities including crude oil.

S&P 500 Targets 1,800 but are Stocks Getting Ahead of Themselves?

Update by Gordon Childs, Editor,
19-Nov-13, 11:56pm:

Bitcoin Clears Another Psychological Trading Level



Bitcoin clearing a psychological level is almost a daily occurrence.

Today the Bitcoin Market opened at $781.25 and within an hour spiked to a new all-time high of $896.29.

However, this volatile market swings both ways…a lot.

By midday the market hit a low of $512.

Continuing with the volatility theme the market then jumped to $743.89 before closing at $640.36.

Update by Jacob Wood, Editor,