Trading Update
05-Sep-14, 10:11am:

Surprise ECB Rate Cut Sees Euro Drop Below $1.30

Draghi shocked the markets with yesterday’s interest rate cut, with the euro dropping sharply against all its major counterparts.

Traders will now look towards key employment data from the North America, with US Non-Farm Payrolls and Canadian net change.

Update by
08-Sep-14, 9:01am:

Sterling Tumbles as Poll Points to Scottish Independence

GBP/USD saw a huge gap lower to $1.6165 as the latest polls suggest that the ‘Yes’ campaign has moved into the lead ahead of the 18 September referendum.

The weak Non-Farm Payolls figure has benefited gold, with some weakness in USD/JPY, though EUR/USD is still struggling after the ECB rate cut.

Update by Craig Inglis, Head of Product Development,
08-Sep-14, 11:09am:

US Stocks Rally as Non-Farms Data Disappoints

With the American economy adding just 142,000 jobs, much less than the 225,000 expected, US stocks rallied as this may delay a rate hike from the Federal Reserve.

Update by
08-Sep-14, 12:29pm:

Pound Drops as it Catches Up to the Possitibily of Scottish Independence

Recent moves in the pound suggest that forex traders are only now pricing in concerns that Scotland may vote for independence.

With a poll suggesting that the ‘Yes’ vote may be in the lead, IG suggests that their own clients have a rather different view.

Update by Alastair McCaig, Market Analyst,