09:45am CET (08:45 UK time)  ~  A very late start for me after a party in town last night and a quiet day ahead on the trading front as it’s Non Farm Payrolls day in the U.S. so I will not be watching any charts today – instead I’m helping the builders on their last day here.

Ahead of the U.S. employment numbers at lunchtime, equities across the Atlantic broke free from their previous resistance levels and surged upwards once again to confirm (from a technical point of view) the year-end rally is more on than off — today’s job’s figures may well help this recent bullish sentiment regarding their economy, all will be revealed in a few hours.  The FTSE 100 staged a small retrace at the beginning of the week but has resumed it’s march upwards, gaining a modest 12 points yesterday and is now well above the support/resistance at 6520, so optimism seems to be the order of the day in the City of London’s trading floor as well. Over here in Europe the mood is not so encouraging with traders waiting patiently for Mario Draghi and the ECB to kickstart the EU’s economy and with it mind he did announce yesterday limited measures in the form of purchasing Asset Backed Securities (ABS) with a hope this alone will stave off deflation in the region.

Crude Oil weekly charts show the price decline is still in full swing although the last couple of days has seen the emergence of a short term support level for both the U.S. WTI Crude and Brent, but values are still under pressure from cheap U.S. fracked oil and OPEC’s recent low-price policy and the next stop for U.S. crude will be the 2011 level of $75:50.

Market Close Thusday 6th November 2014:   Dow Jones 30  +69.94 @ 17,554.47  S&P 500  +7.64 @ 2,031.21  NASDAQ  +10.81 @ 4,164.08  FTSE 100  +12.01 @ 6,551.15  UK AIM  +5.55 @ 721.75  DAX 30  +61.93 @ 9,377.41  CAC 40  +19.26 @4,227.68  IBEX  -15.10 @ 10,261.80  Nikkei 225 (Today)  +87.90 @ 16,880.38  Hang Seng (Today)  -77.20  @ 23,572.11