Trading Diary & Market Update ~ Friday 5th February 2016
07:30am Just sent off my daily ‘Trading-Guidance’ information email to subscribers so that’s it for trading today as I never watch or trade the markets on U.S. Non Farm Payrolls Day – back here on Monday.
Market Update:
Markets were subdued overnight ahead of the monthly Non Farm Payrolls announcement in the U.S. today and expectations are for another rise although not as much as December numbers that came out a month ago. U.S. equities had another volatile day on Thursday but in the end the leading Dow Jones 30 index ended just shy of 80 points ahead but that gain has not translated into any optimism here in Europe this morning, with most indices starting fairly flat in the past half an hour.
Crude oil values attempted further rises yesterday but in the end both WTI and Brent Crude ended weaker on the day with further falls this morning so far, UK Brent is currently sitting at $34:22 having reached a high of $35:78 during Thursday’s session. Good luck in the markets today if you’re trading !