08:30am   Nice quiet day here at home catching up on emails & Skype calls plus some chart watching from time to time. Any trades I have will be reported below.

Market Update: Main news in the markets today is the two central bank announcements – the Bank Of Japan has already held their press conference outlining upcoming policy and the U.S. FOMC statement is due at 19:00pm UK time. European indices have had a good start this morning following the Bank Of Japan’s decision to keep rates on hold and abandon its target to increase the monetary base but it has launched yield curve controls and scrapped the bond buying range which has surprised traders and also caused the Nikkei 225 index to rally in the past few hours.

Later this evening UK time is the Fed rate decision which is widely expected to announce that there will be no hike this month, after some disappointing economic numbers out in the past few weeks. This paves the way for a December rate rise as the markets have priced in one move up before 2017. In the run-up to the announcement the markets are expected to be quite subdued although the Bank Of Japan’s surprise announcement has caused some volatility to keep traders busy this morning.

We also have the weekly U.S. Crude Oil stock situation this afternoon so expect some sharp moves in the WTI Crude and Brent charts, they have been in a narrowing price channel for past few weeks with no real direction but they have shown a small amount of bullish price action this week.

Trading Diary:

10:15am   Just entered a ‘long’ position on my Dax-30 15min chart, it’s a trendFX strategy-1 pattern with a ‘whopping’ 11 pip stop loss.

11:50am   Just been invited out for a game of golf for the rest of the day so I have closed off my Dax position at +43 pips.

Back in front of my charts tomorrow morning.