Trading Update
19-Sep-13, 9:23am: It’s been a busy night and it is hectic in the markets this morning.

Stock markets have spiked, gold has shot up by more than $60 and the US dollar is far weaker against nearly all currencies.

Here is this morning’s update:



Update by Ishaq Siddiqi, Market Analyst,
19-Sep-13, 9:23am:

US Dollar Sinks on Fed (No) Tapering Decision



The Dow Jones, S&P 500 and DAX 30 have all hit records highs.

The sterling/dollar chart is showing a huge candle as the market approaches resistance at $1.6181.

Likewise euro/dollar has had a very large move and broken through resistance at $1.3519. The next resistance is potentially at $1.370.



Update by Craig Inglis, Head of Product Development,
19-Sep-13, 11:21am:

Twitter Market Update



The IG grey market is now valuing the US tech firm at a little over $17bn.

For more details and a chart showing the increasing valuation, please see our Twitter trading guide.

Update by Gordon Childs, Editor,
19-Sep-13, 3:29pm: After the Federal Reserve unexpectedly held back on tapering, IG considers the slump in the US dollar and the technical outlook for the EUR/USD pair.



Update by Brenda Kelly, Senior Market Strategist,