| Trading Update |
02-Dec-13, 9:12am: USD/JPY Has Had a Technical Breakout at ¥1.0250.The next resistance for USD/JPY is at ¥103.77. The Nikkei 225 still has resistance at 15970 but the candles are looking increasingly volatile. The EUR/USD candles are also looking interesting.
Update by Craig Inglis, Head of Product Development, |
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02-Dec-13, 11:07am: Whilst stock markets are trading lower this morning, reasonable PMI data and hopes of a Santa Rally are keeping the bulls interested.
Update by Ishaq Siddiqi, Market Analyst, |
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03-Dec-13, 8:49am: Last night’s stronger US economic data has seen stocks pull back on tapering fears, however, the Nikkei rallied on rumours of a new stimulus package from the Bank of Japan.
Update by Ishaq Siddiqi, Market Analyst, |
03-Dec-13, 9:08am: Yen Slumps as BoJ Adds Futher StimulusWith taper talk back on the agenda, stock markets and gold are feeling the pain whilst the Japan 225 and USD/JPY are surging.
Update by Craig Inglis, Head of Product Development, |
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04-Dec-13, 11:00am: In the latest video on our trading blog, Michael Hewson takes a look at the widening disparity between UK and US indices. Why is There a Divide Between US and UK Stock Markets?
Update by Gordon Childs, Editor, |
05-Dec-13, 9:56am: Strong US Data Re-ignites December Taper DebateBullish US jobs data has seen an increase in stock market volatility as traders look towards Friday’s Non-Farm Payrolls and its significance for the Fed tapering decision. The Dow saw a pullback before rebounding, whilst the FTSE 100 has broken below support and the Nikkei is seeing some profit taking after a strong run. |
