Trading Update
20-Sep-13, 9:08am: The stock markets are looking a little softer this morning and the dollar is having a relief rally against a number of currencies.



Update by Ishaq Siddiqi, Market Analyst,
20-Sep-13, 9:24am: Most stock markets after drifting a little lower this morning.

Having said that, the Nikkei 225 chart is looking positive and we might have a golden cross with the moving averages.

GBPUSD is enjoying support at $1.609 and EURUSD is trading just above support at $1.3519.



Update by Craig Inglis, Head of Product Development,
20-Sep-13, 11:20am: There is a new trading video on our blog which looks at the market swings following the Fed’s decision not to taper asset purchases (and Michael Hewson is looking just a little smug about being proved right).

Gold and Stock Markets Spike as Fed Fails to Taper Asset Purchases

Update by Gordon Childs, Editor,
20-Sep-13, 2:40pm: Below, a short update on the Silver futures market.

It looks like the metal should hold at $20 and there is room to the upside.



Update by Brenda Kelly, Senior Market Strategist,