Trading Update
22-Oct-14, 8:26am:

Gold Bounces from Triple Bottom Low Towards $1,265

The gold market has continued to see a rebound from strong support at $1,180 as the US dollar’s recent strength falters.

The technical outlook for the week ahead also considers EUR/USD, AUD/USD, GBP/USD and USD/JPY.

Update by James Chen, Chief Technical Strategist,
22-Oct-14, 8:44am:

US Inflation Data in Focus for Fed Rate Hike Clues

The main strategic level for USD/JPY will be ¥107.36, with all eyes on today’s US CPI data for clues as to the Fed interest rate policy. Any weakness in the figure could see the dollar and US stocks tumble.

News that the ECB is considering corporate bond buying has seen the euro slide, with the next support level around $1.2661.

Update by Craig Inglis, Head of Product Development,
22-Oct-14, 9:39am:

ECB Stimulus and Apple Results Send Stock Markets Higher

Strong earnings from Apple and rumours of ECB corporate bond buying sent stocks higher yesterday, with the Dow and the DAX adding more than 200 points.

US earnings season continues today, with updates from Boeing and Dow Chemicals.

Update by Mark Priest, Market Analyst,
22-Oct-14, 12:28pm: With equities rebounding on hopes of central bank intervention, the latest video on our blog asks whether the selling is really over?

Can the DAX Maintain its Bounce if Data Continues to Disappoint?

Update by Jenna Cutly, Editor,
22-Oct-14, 3:50pm:

Underperforming US Energy Sector May Continue to Slide

With the energy sector significantly underperforming the wider S&P 500, IG talks to Trevor Neil about how the sector has broken below its trading channel and may continue to see further weakness.

Interestingly, the technology sector’s outperformance is seeing weakening momentum, which may indicate an opportunity to buy, whilst finance is going from strength to strength.

Update by