Trading Update |
29-Aug-13, 9:31am: Yes, there has been a small bounce in the S+P 500 but yesterday’s candlestick was not a strong one. CMC clients are often long of the US index but they are looking 50/50 at the moment. Crude oil has moved swiftly through resistance and is trading on fundamentals rather than technicals. Gold is grinding higher and if we move above $1424 the next resistance is at $1487. |
29-Aug-13, 9:32am: And stock markets are in recovery mode this morning: |
29-Aug-13, 10:41am: This week’s trading video discusses how the index and commodities markets are reacting to the situation in Syria and the continuing discussion over Fed tapering. |
29-Aug-13, 1:49pm: IG take a 3 minute look at the current Vodafone move: |
29-Aug-13, 5:46pm: With Syria dominating the headlines and financial markets seeing a flight to quality, this week’s trading video takes a look at the latest outlook. |