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Spreadex Market Update

Friday, August 30, 2013 - Morning Market Update
David White
Financial market analysis from Spreadex financial spread betting trader David White

Parliament has defeated two votes on military action

Markets this morning are met with the news that parliament has defeated two votes on military action in Syria, a result keenly awaited. Fear-linked instruments such as gold and dollars have been sold lightly, indicating that participants are taking news flow as it comes and are not getting ahead of known information. If the market is to be believed, the financial implications of this crisis are at least not thought to be more severe than could be reasonably expected.

More broadly, markets are holding well. Many commentators are speaking of edginess and fear. But given the distinct lack of selling and absence of sharp moves lower, this market is quite clearly more robust than it was. With tapering, a potential conflict on the horizon and all-time highs for equities not a distant memory, prices could have reacted much more severely.

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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