Trading Diary & Market Update ~ Thursday 26th March 2015

07:10am  UK time ~  An early start for me today as I have a meeting and hospital visit to fit in this morning. If I have any trades to report throughout the day I will report the details here.

As you can see from the numbers below, world markets have been affected by a few bearish news items in the past 12 hours including worse than expected U.S. economic data, increased fighting in Yemen and news from the ECB regarding increased emergency funds for Greece. U.S. equities ended in negative territory last night after Durable Goods numbers came in negatively even though the Fed are insisting that the economy as a whole is in good shape for a rate rise in the coming months and is not being affected by the general global slowdown.  There’s news also that Saudi Arabia has joined in with the fighting in Yemen, one of its close neighbours and the U.S. are also supporting the Yemeni government against rebel IS fighters – this kind of news will impact on the markets as traders do not like any type of worldwide conflict.

Here in Europe yesterday the ECB announced the raising of emergency ceiling for Greeks to over €70billion to help them with the problem of running out of money by the middle of next month but to counter that business confidence in Germany rose more than the expected to 107.9 which in turn kept the Euro in a bullish mood.  Crude oil markets had a volatile but largely bullish ride yesterday with the U.S. inventories situation coming in with another build in stock of over 8 million barrels and this caused a small decline in WTI Crude but later on the Saudi Arabian situation in Yemen then spooked traders into thinking there maybe a slowdown in production for the region so the price continued upwards.

Market Close Wednesday 25th March 2015:   Dow Jones 30  -292.60 @ 17,718.54  S&P 500  -30.54 @ 2,061.05  NASDAQ  -101.70 @ 4,329.29  FTSE 100  -28.71 @ 6,990.97  UK AIM  -4.08 @ 717.52  DAX 30  -140.37 @ 11,865.32  CAC 40  -67.29 @ 5,020.99  IBEX  -114.60 @ 11,464.70   Nikkei 225 (Today)  -275.08 @ 19,471.12  Hang Seng (currently)  -33.52 @ 24,494.71

17:05pm  ~  Been out all day after a bit of a crisis but back home now so going to see if there are any ‘Trade With A Day Job’ opportunities on my S&P 500 chart.

17:25pm  ~  In a ‘long’ position with a 24 pip stop loss.

18:45pm  ~  Had to pop out for a while but now I’m back I noticed my trade was retracing from a nice high, so I am now out of the position with a +48 pip profit.

 

This entry was posted on Thursday, March 26th, 2015 at 7:11 am and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.