Trading Update |
17-Jun-14, 9:02am: Commodities Dip as Traders Wait for News from Ukraine and IraqCommodities are off their highs, with WTI and gold selling off, however, this may be a respite before further rallies if the situation in Iraq or Ukraine deteriorates further. Inflation data from the UK may impact GBP/USD, with strong resistance at $1.70, as traders look for additonal weight to the idea of a rate hike at the end of 2014. |
17-Jun-14, 9:57am: Stocks are broadly higher this morning as traders focus away from the conflict in Iraq and trading volumes drop. |
18-Jun-14, 9:04am: Strong Inflation Data Boosts the US DollarThe euro has been unable to break above resistance at $1.3645 but, with US inflation data beating expectations and the FOMC meeting later today, it seems that dollar strength is in focus. GBP/USD is re-testing $1.70 as sterling remains close to 5 year highs ahead of the Bank of England minutes. |
18-Jun-14, 11:33am: Crude oil prices are continuing to rally on reports that Iraq’s largest oil refinery has come under fire and as US intervention looks increasingly likely. |
18-Jun-14, 11:50am: This technical analysis video discusses the potential knock-on effects from the current rally in crude oil. How Will the Rally in Crude Oil Impact the Stock Market and Global Growth? |
18-Jun-14, 12:30pm: Following Zoopla’s IPO, IG Live takes a quick look at the company fundamentals. |
18-Jun-14, 5:14pm: Will the Carry Trade in AUD/USD Defy Rate Cut Expectations?With the RBA considering a rate cut, this technical trading video discusses what is driving the Australian dollar and where the market may go from here. |