08:10am UK time ~  Back in Essex this morning and looking forward to some chart watching during the day, I will update this diary if I have any trades.

The main news in the markets yesterday was the U.S. Fed chief  Janet Yellen’s speech last night after two days of FOMC meetings. As widely expected, she has now dropped the word ‘patience’ from her forward guidance for interest rate levels but has mentioned that this does not mean ‘non-patience’ and they are in a hurry to raise them from the record low that’s been in situ since 2009. This gave traders an excuse to get into a buying mood and both main U.S. indices finished well up on the day although the flip side to the Fed’s policy is they are now fed up with supporting other economies as domestic manufacturers suffer with a strong Dollar, so expect a weakening there – some evidence became obvious yesterday as the Euro jumped over 270 pips yesterday to finish well up at 1.0867 although this rise has been tempered slightly overnight during the Asian session and is now sitting at 1.0655 currently.

Here in Europe the signs of a weakening Dollar and stronger Euro was picked up by the Germans as a bad sign for their manufacturing sector and the Dax ended the day almost 0.5% down on the day at 11,922 and has now dropped further on today’s opening. Although the U.S. Crude Oil stock situation was larger than expected after yesterday’s weekly stockpile numbers announcement, Janet Yellen’s guidance on interest rates which hit the dollar and resulted in WTI Crude prices rising sharply instead of dropping once again..

Market Close Wednesday 18th March 2015:   Dow Jones 30  -128.34 @ 17,849.08  S&P 500  -6.91 @ 2,074.28  NASDAQ  +5.16 @ 4,375.62  FTSE 100  +33.51 @ 6,837.61  UK AIM  -0.26 @ 715.61  DAX 30  -186.87 @ 11,980.85  CAC 40  -32.23 @ 5,028.93  IBEX  -86.60 @ 11,028.10   Nikkei 225 (Today)  +107.48 @ 19,544.48  Hang Seng (currently)  +256.30 @ 24,157.79

09:55am  ~  I was just going out the door and spotted a ‘short’ UTB on my FTSE 100 chart so I am in that position now. The stop loss is 28 pips even though I am working off a one hour chart.

10:10am  ~ I shall be out for a few hours so I have set the target for the trade at +30 pips.

15:05pm  ~  Just got back from hospital and seen that my FTSE trade was closed off at +30 pips.