09:55am  ~  Last night on the markets the S&P500 ended at it’s highest point since this time last month, and economic news out from China will keep optimism high for today I should imagine, as their GDP figure has eventually gone back into positive territory after two quarters of negative growth. Overnight, WTI (Oil) futures [...]

09:25am  ~  After 17 days common sense has prevailed and a deal has been done to raise the debt ceiling in the U.S. early this morning, although it’s only a short term measure as the whole episode is going to be revisited in February next year. As Winston Churchill once said, you can always count [...]

09:05am  ~  I don’t imagine there’s going to be much going on in the markets this morning as traders here in the UK and the rest of Europe watch their news feeds for news about the U.S. debt ceiling crisis. The markets fell quite sharply yesterday afternoon after news that negotiations had stalled – and [...]

09:15am  ~   The markets yesterday displayed a high degree of confidence that we’re going to have a solution this week to the U.S. debt problem.  The S&P500 rose up over the 1700 level in the last hours of yesterday’s trading session, a level we have not seen since the end of September.  Data released [...]

08:45am  ~  Back in the UK and enjoying the rainy weather this morning, it seems as though winter has arrived very quickly here in East Anglia. At the start of a new week in the markets the dominating story is going to be the continuing U.S. Debt Ceiling saga – as we are now very [...]

A student who started to learn to trade with me earlier this year has sent in this week’s “Trade Of The Week”.  Firstly, here is Glynn Morrison’s chart showing his Gold trade that started on Tuesday evening and ran through ’til Wednesday evening. He managed a profit of just over 250 pips. (please click on [...]

07:20am (CET) ~  I am up early this morning to check on the state of my broadband signal after a frustrating day yesterday.  It would seem to be slightly better although I am still having problems receiving emails – but I am, flying back to the UK later today so normal service will be resume [...]

10:55am (CET)  ~  After a very late night out, I’ve had a gentle start to the day here – I had a cycle ride down into Calpe and hour ago and I’m now going to have a 100 lengths in the pool and then into the study to email students with trade updates etc.  I [...]

09:15am (CET)  ~ Well, five small words yesterday put the U.S. equity markets into a tailspin – President Obama last night said “there is no magic bullet” to solve the budget showdown, which saw the biggest one day slide in the S&P500 in almost a year.  You will however be pleased to hear that two [...]

10:15am (CET)  ~  There’s not going to be much trading going this morning as I’ve promised to help the builder with some jobs he is doing in the pool pump-house. Hopefully I will find some time after lunch to sit down and do some emails and watch my MT4 charts. The markets today are due [...]