Trading Update |
23-Jan-14, 9:21am: USDJPY is Running on FumesThe soft Chinese manufacturing numbers are hurting the markets this morning with the Dow, FTSE and Japan 225 all falling. USDJPY is struggling to break above $104.67 and the long-legged candles are rather negative. Long-term, the fundamentals suggest that USDJPY should move higher. However, short-term, the Chinese data could put some pressure on the market. Elsewhere, surprisingly, EURUSD has broken up through resistance. |
23-Jan-14, 5:35pm: This week’s trading video with Bill Hubbard takes a look at the UK employment figures, wage increases, possible interest rate rises and the strength of sterling. |
24-Jan-14, 9:33am: Stock Markets Continue to Sell OffThe S&P 500 chart is very negative, the Netflix results were good but firms like McDonalds have disappointed. The FTSE 100 is also falling but not as fast the Nikkei 225. |