08:50am   Nice relaxing day at home catching up on emails and doing some chart watching so any trades I have will be reported below.

Market Update:

Overnight the Asian market ended mixed with the Shanghai Composite finishing up and also above the important 3000 level for the first time since the beginning of the year even though corporate debt is at record levels, currently 160% of GDP which many in the West believe is unsustainable.

Here in Europe, equities are under pressure from two sides and the most significant is the terrorist attacks in Brussels in the last hour which has sent certain sectors into freefall although Gold will no doubt benefir from its safe-haven status. Traders are also weighing up a U.S. interest rate rise as early as next month after comments yesterday from Dennis Lockhart, the Atlanta Federal Reserve President in which he states that the Fed could raise rates within the month.

Crude oil prices had another bullish day on Monday with U.S. WTI Crude almost at its 200-day moving average although there is some profit taking this morning – it ended yesterday’s session at  $41:50 but is down 20 cents currently.

Trading Diary:

09:55am    Not much to see on my charts at the moment with prices all over the place – I am off for a cycle ride with a neighbour.

18:10pm    No trades to report as I ended up playing golf all afternoon..