Trading Diary & Market Update ~ Tuesday 18th March 2014

09:00am  ~  It’s a subdued start for me after a very late evening – there’s not going to be much trading for me today as we are off to a few museums later this morning.

Traders yesterday took developments in Ukraine where a referendum paved the way for Russia to annex Crimea as a sign that President Putin won’t feel the need to flex his military muscles any more in the short term and on that theory the Dow Jones rebounded 180 points to 16,243. This rally was supported by the US economic data showing a rise in industrial production which in turn fuelled optimism that the world’s biggest economy is slowly recovering from a severe winter. As is quite usual when the S&P500 goes up, Gold comes down – the yellow metal fell on profit taking and the aforementioned U.S. economic news, dropping $15 to $1367.

19:20pm  ~ Just got back to the hotel and we are of again quite soon so no trading for me tonight.

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