Trading Diary & Market Update ~Friday 22nd July 2016
08:50am End of the week again so it is an early start to my weekend, no chart watching today but back here on Monday morning.
Market Update:
Gold had a fairly positive day on Thursday as global equities largely lose their bullish momentum and traders book some profits ahead of the summer holidays. The safe haven metal advanced $14:10 during yesterday’s session to finish at $1330:80 but has suffered from some profit taking earlier this morning and is now sitting at $1324:65. The overnight Asian trading session followed America’s lead and closed mainly down with the Japanese Nikkei 225 index leading the losers with a fall of 1.09% (-183 points) and this sentiment has transferred across to European equities this morning with all main indices posting losses in the first hour of trading.
Crude oil markets experienced another bearish day on Thursday on high global stock concerns and increasing production from Iraq and Iran, U.S. WTI Crude ended the day down by $1:11 at $44:52 and is further lower this morning at $44:36 currently.