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Spreadex Market Update

Wednesday, September 19, 2012 - Morning Market Update
Shavaz Dhalla
Financial market analysis from Spreadex financial spread betting trader Shavaz Dhalla

Markets open higher than expected

Traders have woken up this morning to see markets opening higher than expected after strong financial data coming from Asia.

This is mainly in the form of the Bank of Japan boosting asset purchases, and this combined with the Federal Reserve’s recent stimulus measures is providing the bulls with ammo.

Japan’s Nikkei 225 Stock Average rose 1.6% and the broader Topix index gained 1.2% as the BOJ increased their asset-purchase fund from 45 Trillion Yen to 55 trillion yen.

As central banks around the world pull together to provide stimulus and growth to the markets, currencies are at risk of de-valuing and as a result of this gold has climbed to its highest level in more than 6 months.

At 12:15am GMT FOMC member Jeffrey Lacker is due to deliver a speech titled “Maximum Employment and Monetary Policy” in New York.

FOMC members will vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

If the results of this meeting are more Hawkish than expected it will be good for currency’s.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


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