07:15am   Back in the cold frosty UK for a few weeks but no trading for me today, we are shopping in London all day – back to the markets tomorrow.

Market Update:

Most equity markets had quite a good week with the U.S. S&P500 having its best 5-day run this year but Asian markets overnight have been subdued with no interesting economic news announcements and a Japanese bank holiday as well. There is a Federal Reserve announcement at some stage later today (time unknown) so traders will be dissecting the rhetoric to gauge sentiment for the expected December rate rise and U.S. markets may well be quiet leading up to the release of information – also watch out for latest Purchase Manager’s Index numbers out this afternoon as well.

Commodities continue to take a battering with Crude oil settled into a definite bearish trend on its weekly chart and Gold is suffering from the same sentiment, it had another negative week’s trading although does seem to have found some interim support around the $1064 level.