08:55am  I am here at home in the study this morning doing some chart watching plus catching up on Skype calls/emails so any trades I have before lunchtime will be detailed below.

Market Update:

Uncertainty over the timing for the next U.S. interest rate hike was more or less dashed yesterday as Federal Reserve Chairman Janet Yellen gave her strongest hint yet that there will be rise in December. This should be good news generally for markets across the world as it is signaling that the largest global economy is seeing strength and stability returning although the overnight Asian trading session ended mixed although Japan’s Nikkei-225 index was up due mainly to large Japanese exporters reacting to the Trump/Abe meeting.

In Europe, equity markets are generally downbeat this morning despite a fairly positive end to trading in the U.S. last night and the UK FTSE-100 is continuing its bearish move which began over a month ago from its high of 7133 – currently sitting at 6750.  Oil markets are stable if slightly bearish, WTI Crude had another negative day on Thursday, losing just 45 cents to close at $44:90 and it is still around that level now ($44:80)

Trading Diary:

09:40am    All quiet on my charts so I am off for a cycle ride for an hour or so.

11:30am   Just waiting for a possible ‘long’ trade on my WTI Crude chart if the price rises above $45:39 in the next 30 minutes or so.

11:45am   Now in above position, it’s trendFX strategy-3 pattern with a 27 pip stop loss.

12:50pm   Trade still running – off out to lunch and leaving stop loss as it is, check when I get back.

15:30pm   Just got back from an extended lunch and seen that my WTI Crude position has been stopped out at -27 pips.

16:05pm    Not much happening on my collection of favourite chart so I’m finishing for the week and turning the screens off now – I shall be back trading next Tuesday. I hope you have a nice relaxing weekend.