07:55am  ~  Up early this morning to help clear up down at the harbour which was flooded last night. No trading for me today as it Non Farm Payrolls day – so as usual the markets will be broadly flat this morning then all over the place after 13:30pm (UK time)

More details on my trades last night.  They were both on my favourite index, the S&P500 – the first was a short using the trendFX “Beginners” strategy which kicked off at 6:15pm and the second was also a short position, this time using my “Trade With A Day Job” evening system – I was in that one just before 8 o’clock.  I came out of both trades at the same time, a few minutes before 8pm at 17859.  Both trades were ok and the joint profit was +68 pips.

Traders will be sitting on the sidelines waiting for the U.S. employment numbers, and if there are better than expected figures we may well see a drop in the main indices as good news (at the moment) means bad news for the markets. The Fed will be watching these numbers closely as the U.S. economy seems to be getting back on track and today’s news may confirm for them that their money-printing exercise may need to be parred back (or tapered as it’s known as in the press).  Gold adhered to the $1250 resistance level that I’ve mentioned previously, it was a bearish day overall losing $18 bringing it back to Tuesday’s level and Brent Oil gave up all of Wednesday’s rise. Over in the U.S. the WTI Crude price was largely unchanged due the NFP announcement plus OPEC’s decision to leave its crude oil production unchanged.