07:55am   Looks as though everything is back to normal after the issues I experienced with my Metatrader platform yesterday. Any trades I have this morning will be detailed below, out on a long cycle ride this afternoon so I will not be trading all day.

Market Update:

The focus today is on Deutsche Bank shares and the UK pound – the German markets were closed yesterday for their Unity Day bank holiday so there was no trading in Deutsche Bank shares but as the European session starts in a few minutes the bank’s futures price is showing a rise of around 1.5% so far. It would appear that the initial fine imposed on the bank by the U.S. Department Of Justice is going to be negotiated down from the original figure and this is fuelling the share price rise although the Wall Street Journal is reporting that no agreement has been reached yet.

The GBP/USD forex pair is trading this morning just below its record low of 1.27961 which it reached a few days after the UK Brexit vote and is at its lowest level since the 1980′s. This comes as the London FTSE-100 index looks to be gaining momentum this morning and is ready to march over the 7000 level – the first time this has occurred since May last year.

U.S. interest rates are also in focus as traders get ready for the monthly Non Farm Payrolls numbers at the end of this week – an encouraging figure will raise the likelihood of a rise in December – after the Presidential Elections are over.

Oil prices have surged recently on talks of an OPEC output freeze although Iran are still keen to increase their own crude production and this has halted the bullish momentum in the last 12hrs.

Trading Diary:

11:05am    Been outside in the garden for the last hour or so but I’m inside for some Skype calls and I have also just managed a late entry on a ‘short’ UTB trade on my German DAX-30 chart. My stop loss is 21 pips.

12:20pm   The price on my DAX-30 chart seems to be reversing upwards and I am also off out to lunch soon so I have closed my trade off at +21 pips.  Back trading tomorrow morning.