Trading Update
23-Jan-14, 9:21am:

USDJPY is Running on Fumes



The 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.



Update by Craig Inglis, Head of Product Development,
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.



Update by
24-Jan-14, 9:33am:

Stock Markets Continue to Sell Off



The 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.



Update by Craig Inglis, Head of Product Development,