Trading Update
08-Jan-14, 9:14am:

USD/JPY Could Re-Test Resistance at ¥105.45



The USD/JPY rate has seen a small correction recently but the fundamentals still point to a stronger dollar and weaker yen.

EUR/USD has hit resistance at $1.3645 and the fundamentals of a stronger dollar and weaker euro are putting more pressure on the market.

Elsewhere, the stocks markets are a little firmer this morning and the stronger dollar is also hurting gold and silver prices.



Update by Craig Inglis, Head of Product Development,
08-Jan-14, 10:16am: Stocks are looking a little softer this morning.

Here’s a quick update on the current markets as they currently stand.



Update by Ishaq Siddiqi, Market Analyst,
08-Jan-14, 11:33am: There is a new technical analysis video on our trading blog which takes a quick look at two of the most popular forex pairs: EUR/USD and USD/JPY.

Will Falls in US Bond Yields Prevent USD/JPY Breaking Higher?

Update by Gordon Childs, Editor,
09-Jan-14, 9:25am:

Stock Markets Looking Softer on Bernanke Comments



And the FTSE 100 is trading on the wrong side of the ‘current’ support, we could have a technical breakout.



Update by Craig Inglis, Head of Product Development,
09-Jan-14, 10:24am: It’s a busy day in the markets, here is how we are currently looking:



Update by Ishaq Siddiqi, Market Analyst,