07:45am   Another glorious summer’s day here so there probably will not be much chart watching indoors today for me.

Market Update:

Well, the inevitable has finally happened and Greece is now officially in arrears with one of their creditors, the International Monetary Fund – the first advanced economy to do this. Although the news is bad, equity markets look to be taking it positively this morning so far as there is now some certainty and traders are slowly coming to the conclusion that the Euro will not collapse any time soon because of a small southern European country leaving it. There are Eurogroup and IMF meetings later today so any news from them will be watched closely by market participants and there is also U.S. Non Farm Payroll numbers out a day early due to to Independence Day celebrations coming forward by one day so there will be plenty of reasons for markets to keep up their present volatility.

There was extension in the talks with Iran over a nuclear deal and this caused the U.S. WTI Crude price to rise by 80 cents by the end of yesterday’s session, it finished at a few cents over $59 a barrel with UK Brent Crude also having a bullish session (+$1:50)  On the Gold market, fears of a U.S. rate rise sooner than 2016 caused the price to fall nearly $8 to $1172:50 by yesterday evening even though there was still some safe haven demand caused by the Greek fall-out.

Trading Diary:

09:50am   Just sitting here in the kitchen answering emails and while looking at the S&P 500 chart for a customer I noticed a trendFX trade had just triggered, so I am now in a ‘long’ position with a 19 pip stop loss.

10:15am   The S&P price has shot up as expected and as my position was sitting at over 100 pips profit and I am going off for a cycle ride as well I’ve closed the trade now. Final score +104 pips.

23:25pm   Quick update – there was no more trades for me, I was outside for most of today.