08:10am  At home for most of today so any trades I have will be reported here.

(No Market Update next Monday, back home for Tuesday)

Market Update:

Overnight the Asian trading session ended mixed with the Japanese Nikkei 225 ending up after a choppy session but both the main Chinese indices closed in the red with the main Shanghai Composite down by just over 1%.  Japanese equities were given a boost by comments by the Finance Minister Taro Aso after he vowed to take all necessary measures to stem the damaging rise in the Yen. It was a different story in the U.S. last night where both the S&P-500 and Dow Jones-30 finished down after Janet Yellen confirmed that here December rate rise was not a mistake and now has more or less committed to a couple more increases in the bank rate for 2016.

Gold has come under pressure overnight from profit-takers after a $15 price rise yesterday on shaky equity markets, it broke out of a small triangle pattern during Thursday’s trading session and looks to be regaining its bullish trend that was last seen at the beginning of February. The Crude Oil price has regained some of its upward momentum this week after nine losing sessions, $42 seems to be its upper limit at the moment and it is now going towards that level – currently sitting at $38:30 up 80 cents on the day.

Trading Diary:

09:15am   Nothing much to see on my collection of favourite charts so I am off for a cycle ride along the coastal path.

11:20am   Just got back home from ride and checked charts again – no opportunities so going to cut the lawn..

12:35pm   Got into a ‘long’ position on my Brent Crude 15min chart a short while ago. It’s a trendFX strategy-1 set-up and my stop loss is 19 pips.

13:30pm   Nipping out for a quick lunch with my trade at +17 pips. As we have the U.S. trading session open now I’ve brought my stop loss upto break even just to protect myself in the event of some volatility.

15:40pm   Off out with some fellow traders for a game of golf soon so I have just closed my Brent trade at +88 pips. I shall send out a chart screenshot to subscribers later this evening when I’m back.