Trading Update |
09-Sep-14, 9:21am: US Dollar Surges on Hints at Fed Rate HikeThe dollar is running rampant at the moment on reports that some FOMC members are closer to voting for an interest rate hike than currency markets expect. With Japan facing further easing, worsening data in Europe and questions over Scottish independence, we are seeing USD/JPY rally to multi-year highs, whilst EUR/USD and GBP/USD are slumping. |
09-Sep-14, 10:09am: FTSE Struggles as Scottish Independence Fears WeighSterling was the main mover yesterday on a report which indicated a slight poll lead for the ‘Yes’ campaign, which also weighed heavily on firms with Scottish exposure. |
10-Sep-14, 9:18am: USD/JPY Jumps to 8 Year Highs and Targets ¥110With further rhetoric from the San Francisco Fed that rate may rise in September, the dollar is charging ahead against the Japanese yen. The 8 year highs are seeing significant support for the Nikkei 225, which is targetting key resistance at 15,828. |
10-Sep-14, 10:55am: Dow Dips on San Francisco Fed CommentsLingering concerns over the potential for the Fed to raise rates in the short-term is hampering global stock markets. |
10-Sep-14, 12:00pm: In the latest trading update on our blog, Michael Hewson considers the ramifications for the pound given the recent speculation over Scottish independence. Will Scottish Independence Fears Continue to Weaken the Pound? |