09:40am   Later than normal start to my trading day as I have had some software issues this morning plus some friends have arrived for a 3-day stay. If I do have any trades today I will report them below.

Market Update:

The overnight Asian session traded sideways for most of the time after the U.S. markets closed largely ahead for the day.  Traders across the water were back in an optimistic mood ahead of ex-FBI chief Comey’s appearance to testify in front of the Senate Intelligence Committee and current thinking is towards a less than controversial testimony, watch market reaction later but there could be some sharp moves especially on the Dow Jones 30 and S&P-500.

European markets are opening slightly up as investors await news from the ECB and early results tonight/tomorrow morning regarding the UK elections. Consensus is for the European Central Bank to maintain lending rates and also continue with their monetary stimulus package for a few more months as the region is still encountering difficulties as we have witnessed this month with Spanish and Italian banks in the headlines.

Crude oil has risen slightly overnight after further falls, WTI Crude fell nearly 4% yesterday to a 4-week low after U.S. Crude Oil Inventories showed a surprise build but bargain hunters emerged as the WTI Crude price touched $45:60 and it now stands higher at $46:06.  Gold is fairly buoyant still although it did suffer from some profit taking yesterday after the price continually came up against the $1295 resistance level, it is trading at $1284:75 currently and we could see further falls towards the 20-day moving average.

Trading Diary:

14:10pm   I’ve not been at home for most of the morning so no chart watching in the end and I am now out again for a few hours so no more to report as far as trading is concerned. I will be back in front of my screens next Monday.