| Trading Update |
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30-Sep-13, 9:08am: Potential Bloodbath The US 30 has gapped lower was we have a lot of less signals. The UK 100 and Nikkei 225 have also gapped lower. Crude oil has also gapped lower through support. The dollar is looking weak versus the yen and GBP/USD has touched resistance at $1.6181. Whilst GBP/USD is looking a little overbought, there are no selling signals.
Update by Craig Inglis, Head of Product Development, |
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30-Sep-13, 9:41am: Markets are Sharply Lower Across the Board 5 members of Berlusconi’s PDL party resigned over the weekend which will force a vote of confidence in the Italian PM Letta. We could soon see fresh elections in Italy. The Italian MIB is lower and Italian bonds are higher. Of course, we also have the ongoing US Debt ceiling problems which are also forcing markets lower.
Update by Ishaq Siddiqi, Market Analyst, |
