07:45am UK time ~  A nice restful day here at home for me today after being out and about for most of yesterday – I shall be here in the study this morning catching up on emails and also watching a few charts. I am also putting the finishing touches to my Binary Trading manual.

The markets were given a late boost last night as news emerged that the new Greek government were not seeking debt write-off but where instead going for restructuring instead. Business owners who need help managing their debts may seek Business Debt Solutions from a financial advisor.

This announcement meant that U.S. equities ended up on the day after a generally bearish start to the week due mainly to the surprising fall in the ISM Manufacturing PMI which dropped to one year low of 53.5 against the expected 54.9.  Overnight Asian markets fell amid perpetual growth concerns even though they had a strong start on the back of the ‘Greek’ news and the Australian dollar dropped to a six-year low after the Reserve Bank of Australia cut interest rates to 2.5% —  a record low.

The U.S. Crude Oil price rallied yesterday on news of a report showing a drop in working oil rigs which in turn hints at lower production therefore a chance at higher prices although many of the rigs that have shutdown were ones that were low yielding anyway. The earlier news was strong enough to push WTI Crude up over $2 at the close of Monday’s business to $49.81 per barrel. Gold had a fairly good day on Chinese New Year purchasing although it did fall back slightly by the end after equity markets rallied, it ended yesterday’s session slightly lower at $1274 although the weekly chart is still showing a general bullishness towards the $1340 resistance level.

Market Close Monday 2nd February 2015:   Dow Jones 30  +196.09 @ 17,361.04  S&P 500  +25.86 @ 2,025.85  NASDAQ  +40.16 @ 4,188.59  FTSE 100  +33.15 @ 6,782.55  UK AIM  +0.71 @ 691.05  DAX 30  +133.69 @ 10,828.01  CAC 40  +23.42 @ 4,627.67  IBEX  -75.20 @ 10,328.10   Nikkei 225 (Today)  -222.19 @ 17,335.85  Hang Seng (currently)  +78.81 @ 24,563.85

08:05am  ~  Nothing much to see on the charts at the moment so I am off for an early cycle ride along the beach path.

10:15am  ~  Been back a short while and I can see a possible UTB ‘short’ setting up on my U.S. Crude Oil chart and also the German Dax30.

10:25am  ~  The WTI Crude price has shot up so the UTB did not happen, but I am in the Dax position with a 15 pip stop loss.

10:40pm  ~  Out of my ‘short’ Dax30 UTB position (+27 pips) and now looking at a ‘long’ proposition on the same chart.

10:50am  ~  The price has risen enough to trigger a ‘long’ trade, it’s a trendFX strategy 1 set-up with a 20 pip stop loss.

12:25pm  ~  The Dax price is having a real struggle to advance much further, it has been hovering around the 10950/10960 level for an hour or so now so I am now out of the market with a +20 pip profit.  Lunch at the Lord Nelson next..