09:00am   Back home and planning a quiet day catching up on emails and Skype calls plus some chart watching from time to time. Any trades I take will be detailed through the day in my Trading Diary below.

Market Update:

European markets closed flat yesterday as traders awaited President Trump’s announcement on his country’s deal with Iran and later in the day the U.S. equity markets showed a similiar ‘enthusiasm’ after the Dow Jones 30 closed up by a mere 2 points and the wider S&P index of top 500 companies finished down by 0.71 points after Trump said he was pulling out of the deal. Many commentators are aghast at this decision and many are predicting a new war in the Middle East as a result but people have short memories and this is typical of the way the Donald Trump works – he negotiates as a businessman not as a politician so there are more twists and turns to come with correspondingly sharp market moves, as having a business is not that easy to manage, and that’s why business owners use software like this instant paystub generator online to handle their workers, payrolls and more.

The overnight Asian trading session closed lower on Trump’s decision to pull out of the Iran Nuclear Deal and correspondingly higher oil prices which was caused by expectations that tensions in the area are going to increase and may have an adverse effect on crude production and supplies. Most sectors ended in negative territory across the region although energy companies were mainly up on the day as oil prices surged.

The perception that increased sanctions are going to be applied to Iran by the U.S. and will effect oil exports from the country for the rest of 2018 and this will cause a small amount of disruption in global oil supplies and Brent Crude is now at 4-year highs once again. It rose 45 cents yesterday to close at $75.83 but this morning it is racing forward and is now at $76.91. Gold rose slightly yesterday on U.S./Iran tensions but as traders look at the consequences and gain some clearance of mind, the price has fallen this morning, it is currently down $9.23 at $1305.75.

Trading Diary:

09:20am    Nothing to see at the moment on my collection of favourite charts so I am off for a cycle ride in the sun.

11:35am     I have just taken a ‘long’ position on my GOLD 30-min chart, it’s a UTB Price-Reversal pattern with a 17 pip stop loss.

12:40pm    Now closed off my GOLD position for a quick profit, price is getting volatile for some reason.  Score +45 pips and time for lunch out I am thinking.

14:10pm   Sun still shining outside so turning off my screens for the day – back here tomorrow.