Trading Update
08-Aug-14, 8:35am:

Yen Jumps and Nikkei Slumps on US Airstrikes in Iraq



The USD/JPY pair has reversed most of its recent gains, whilst the Japanese Nikkei has seen a huge technical break lower.

Gold is continuing its run higher, with a classic wedge breakout pressing $1,320, and crude oil has bounced towards $99.



Update by Craig Inglis, Head of Product Development,
08-Aug-14, 9:21am:

Geopolitcal Fears Drag Stocks Lower Despite Strong US Data



Stock market indices have tumbled on concerns over the Russia/Ukraine situation and news of US airstikes to come in Iraq, with the Nikkei plummetting 3% lower.



Update by Adrien Cohen, Market Analyst,