07:30am   I’ve a nice relaxing day at home today ahead of a long weekend away in Le Touquet so if I do have any trades I’ll report the details here although with today’s Central Banker’s speeches throughout today, the markets are going to be quiet to begin with.

Market Update:

There was a fairly mixed trading session yesterday as the major markets struggle to find any strong direction ahead of today’s important speeches by Mark Carney, Mario Draghi and finally Fed chief Janet Yellen later this evening. Traders will be listening carefully for any hints regarding future monetary policy and rate decisions with Janet Yellen’s ‘forward-guidance’ will probably be the most widely watched for market movements as she’s in charge of the Central Bank in the largest economy of the world.

Economic data announcements out of the U.S. yesterday caused a slight rise in equities after the CB Leading Index came in with better than expected growth but on the other hand,  the existing home sales survey for April fell by over 3% from March. Here in Europe, the ECB are still bullish about the economy for the next few months as their Governing Council announced that it gained momentum in the first pasrt of 2015, mainly down to the bond buying programme it is currently in.

This week’s drop in Crude Oil inventories in the U.S. is still propping up the price with WTI Crude edging further up yesterday to $60:67 higher by nearly $2 but Gold declined during Thursday’s session as equities were slightly up although the overnight Asian session saw slight gains which have all but wiped out yesterday’s losses.

Trading Diary:

08:40am    Not much happening on my favourite charts so I’m off on my bike for a brisk ride down the coastal path to Dunwich.

16:55pm    While I was out this morning I was invited to a clay-pigeon shoot so there’s no trading to report for the day as I’ve only just got back indoors !