09:05am  Back in front of my charts this morning after a short break away and any trades I do have will be reported below.

Market Update:

The overnight Asian market ended mainly up with Chinese indices opening positively after their Golden Week holiday. One downside was Samsung shares, they closed over 8% down on continuing problems with their flagship phone. Mining stocks across the world are positive though and the Australian ASX-200 benefited from this optimism as it is heavily weighed in this sector.

Also looking bullish is Crude Oil values, the benchmark U.S. WTI Crude has eventually reached the $50 mark after positive remarks on curbs in production from both  the Russians and Saudi Arabia (unusually) and we could see the $50 level turn into support if OPEC talks transfer to action. OPEC would like to see strict production controls from their own members as well as the rest of the world.

The European session got off to a negative start this morning although it is picking up slowly  on the back of rising oil prices and latest U.S. Presidential polls indicating that Hilary Clinton has doubled her lead in the White House race over the last week, having Trump as President is not seen as a good idea for the world economy.

Trading Diary:

09:30am    No trades to report yet, off for a cycle ride.

10:45am   Got back a short while ago and I am now in a ‘short’ position on my Gold 15min chart  -  it’s a trendFX strategy-3 pattern with a 19 pip stop loss.

12:20pm   The Gold price has come down quite well but U.S. equities are starting to come down as well which could mean that the Gold price will advance slightly so I have just closed my ‘short’ position at +34 pips.

14:55pm    Back from lunch and happy with this morning’s score so no more trading for me until tomorrow.