07:15am    Early start for me today as I am off to play golf later this morning for the first time in about 5 years – but first I am catching up on emails now that my daily ‘Trading-Guidance’ sheet has been sent off to subscribers.  As usual, no trading planned for me due to the Non Farm Payrolls coming out today – a day early due to Independence Day holiday tomorrow.

No Market Update tomorrow (Friday) as we are off to watch the tennis at Wimbledon for the day.   Back here Monday 6th July

Market Update:

The markets seem to growing tired of Greek Prime Minister Tsipras posturing after he showed evidence yesterday that he’s merely incompetent rather than an astute political negotiator – he started the day by saying that he would now agree to most of his creditors demands with small conditions but later in the evening during a speech on national TV told his people to vote No in Sunday’s referendum and also told his creditors to get stuffed and stop trying to ruin his country. Euro finance ministers seem to be finally understanding who they’re dealing with and have stated that no more negotiations will take place until next week, after the result of the referendum is known.

Of more interest today is the monthly U.S. employment figures, out a day early as it’s a bank holiday tomorrow due to Independence Day celebrations falling on a Saturday this year. The jobs numbers are expected to show an increase of around 270,000 jobs and this will add weight to the argument that a rate rise should occur well before the end of the year. In the Crude Oil market there was a weekly rise in U.S. supplies and together with an expected increase on production by OPEC members meant that WTI fell over $2 by the end of the session to finish at $56:88.