Trading Diary & Market Update ~ Friday 11th October 2013
07:20am (CET) ~ I am up early this morning to check on the state of my broadband signal after a frustrating day yesterday. It would seem to be slightly better although I am still having problems receiving emails – but I am, flying back to the UK later today so normal service will be resume shortly.
On the markets, we shall probably see the European indices build on yesterday’s strong gains after US markets had their second best day this year on optimism that politicians on Capitol Hill are close to coming to a temporary agreement to extend the deadline for raising the U.S. debt ceiling, without any preconditions by six weeks after President Obama indicated he would consider the proposal. There are going to be a few more twists and turns though before this problem is finally sorted. Gold had another down day carrying on from the daily chart Doji/Spinning-top on Tuesday that signalled a downward reversal – the price hit an important moving average as well on Tuesday. If the U.S. markets continue upwards today we’ll probably see more selling on the Gold chart.
11:10am (CET) ~ Broadband slightly better but I’ve got a few things to sort out before we fly back to the UK later this afternoon so no trading for me today. Now it’s a cycle up to Guadalest for me and a couple of friends and some lunch while we’re up there.