07:40am  No trading for me today, I am in and out of the house taking cars to be serviced and helping a neighbour with some building work.

Market Update:

The market movement today will be dominated by this evening’s interest rate announcement by Janet Yellen and the Federal Reserve after a two day meeting that started yesterday morning although equities are expected to be fairly bullish this morning after yesterday’s losses. Earning releases in the U.S. yesterday continued to disappoint with Apple, Twitter and IBM shares falling and Durable Goods numbers coming in lower than the market expected.

As it is Wednesday it’s also U.S. Crude Oil Inventories and ahead of this afternoon’s announcement on the stock situation there has been a report that there’s been a fall this week which has prompted a small rise in the price to $43:27 currently after ending down $1:12 yesterday at $42:87.  Gold had a reasonably good day on Tuesday as the chances of a U.S. rate rise fades into the future, it rose $3:40 during yesterday’s session to finish at $1166:40 and overnight there was more buying by Asian traders and the price is currently sitting at $1170:30.