08:45am   Around the house for most of the day so any trades I have will be reported in my Trading Diary below.

Market Update:

Donald Trump’s much anticipated speech late yesterday offered little confirmation of any economic policy change in the next few months but U.S. equities have still moved higher in the overnight futures market, the S&P-500 touched a new high of 2372 but retreated back slightly as European markets get going this morning.  Traders are now concentrating on the Federal Reserve’s next rate move and expectations are for a rise this month given the optimism across a wide range of sectors together with encouraging company results this year and the sentiment for a hike in the minimum lending rate has given the U.S. Dollar a boost.

The overnight Asian session finished mainly upbeat as traders were relieved that there were no big surprises in Trump’s speech with the Japanese Nikkei Stock Average 225 beating all others and rising 274 points to close at 19,393 and heading for the significant 20,000 level.  Crude Oil markets will be fairly quiet this morning as we wait for the weekly U.S stockpile situation, the U.S. WTI Crude price is retreating back from the resistance point around $55 although its 20-day moving average is providing some support so watch for some interesting moves later this afternoon once the numbers are released.

Trading Diary:

09:20am     Nothing too exciting occurring on my group of favourite charts so I am off on a cycle ride for an hour or so.

12:15pm    Nothing to report so far trading-wise, I am now off out for an early lunch.

13:20pm    Just got back at my desk and I’ve entered a ‘long’ position on my German Dax-30 15-min chart, it’s a Master-The-Trend Strategy-A set-up with a 13 pip stop loss.

14:35pm  The Dax-30 price has come up quite nicely and I have just come out of my position at +30 pips  –  happy with that for my first trade of the day (and month) so I’ll finish the session on that high note and be back here tomorrow.