06:40am    A very early start for me today so I can get my daily ‘Trading-Guidance’ email out — we are out for most of the day as it’s The Blonde’s birthday.

Market Update:

Overnight the Asian markets have seen falls as a result of yesterday’s losses in the U.S. and Europe. Growing worries about the Greek financial problem weighed heavily on shares within EU countries as more comments came out supporting rumours that the new Greek government will not meet their latest debt repayments. In the U.S. the S&P 500 index had its biggest fall this month as a tranche of optimistic economic news and numbers was released yesterday which traders took as a sign that the Fed would look favourably on an earlier interest rate rise.

Crude oil prices are once again coming under pressure, mainly from a strengthening U.S. Dollar together with the fact that OPEC member countries are keeping up production despite the current low prices. U.S. WTI Crude fell over $1:50 during yesterday’s session to finish at $58:35 a barrel and is now testing the support area at $58:00 to see if it’s going to hold. UK’s Brent Crude suffered similiar falls and ended down at $63:95 although it is slightly up this morning after the Asian trading session.