Trading Update
16-Oct-13, 9:24am: The European session is looking soft and gold is tracking higher.

An agreement on the US debt ceiling remains elusive, here is this morning’s market update:



Update by Ishaq Siddiqi, Market Analyst,
17-Oct-13, 9:14am: The Dow and FTSE are not looking very excited by the news of a ‘solution’ to the US debt crisis.

GBP/USD is looking more interesting. We are currently have both a bullish candle and some resistance from the 21-period moving average.

USD/JPY has broken higher but we’re not seeing much momentum…yet.

Gold looks like it is still in its 2 month downtrend but has hit short-term support.

Here is this morning’s technical update:



Update by Craig Inglis, Head of Product Development,
17-Oct-13, 9:29am: Stock markets are lower, the FTSE is 30 lower, the DAX is 44 lower.

It’s a similar story with US futures, the Dow Futures are down 32 points and S+P is down by 4 points.

We have a busy day ahead, here is this morning’s update.



Update by Ishaq Siddiqi, Market Analyst,