Futures Trading Education

U.S. Indices continued to gain on Monday, with tech once again leading the upside, with semis largely outperforming. Nvidia (NVDA) shares rallied, seemingly continuing to benefit from the hiked CapEx plans announced alongside earnings from AMZN, META and GOOGL. The NASDAQ outperformed while the Dow lagged; sectors were predominantly firmer, with Tech and Materials leading, while Consumer Staples and Healthcare lagged. T-Notes had largely managed to pare earlier losses with the initial downside stemming from weakness in JGBs after the Japan election, with lows seen after reports that China is urging banks to curb US Treasury exposure. Alphabet (GOOGL) also hit the market with an upsized USD 20 billion 7-parter, although T-Notes settled largely flat. In FX, the Japanese Yen was one of the outperformers after the Takaichi landslide in the election, which resulted in bolstered rate hike bets from the Bank of Japan due to her pro-growth policies. The Yen strength and reports of China curbing US Treasury exposure weighed on the Dollar to see it clearly underperform, propping up G10 currencies. Precious Metals continued to rebound, with Gold reclaiming USD 5,000/oz. In the UK, the political landscape continues to dictate UK assets with both Gilts and pounds rebounding from morning lows after PM Starmer’s cabinet publicly supported the PM in the face of calls to resign. Attention this week turns to the US NFP on Wednesday and CPI on Friday, while bond traders will be eyeing 3, 10 and 30-year supply. Energy traders will be eyeing further talks between US and Iran, with crude prices settling in the green today, albeit primarily due to dollar weakness. The New York Fed Survey of consumer expectations saw a modest improvement in earnings, job loss and job finding expectations. The median one-year ahead inflation expectation dropped to 3.1% from 3.4%, with the three and five-year steady at 3.0%. Earnings growth expectations rose by 0.2% to 2.7%, primarily driven by households with an income of under USD 50,000. Regarding employment, the mean expected probability of losing one’s job in the next twelve months decreased by 0.4% to 14.8%, remaining slightly above the trailing 12-month average of 14.6%. The mean expected probability of finding a job in the next three months if current jobs were lost increased by 2.5% to 45.6%, remaining below the trailing 12-month average of 48.6%. Perceptions about households’ current financial situations deteriorated, with a larger share of respondents reporting a worse financial situation compared to a year ago. Year-ahead expectations about households’ financial situations also deteriorated, with a smaller share expecting to be better off a year from now and a larger share expecting to be worse off. Elsewhere, Oil closed higher by 1.27% while Gold built on Friday’s rebound ending Monday’s session with a gain of 1.75%.

To mark my 3325th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 235 points yesterday and is now ahead by 3787 points for February, after ending January with a gain of 4757 points, having closed December with a gain of 2599 points, after ending the month of November with a gain of 4542 points, after ending October with a nice gain of 5110 points after closing September with a gain of 3774 points while ending August with a gain of 3362 points after closing July with a gain of 3753 points after closing June with a gain of 3530 points, having closed May with a gain of 3606 points, after closing April with a gain of 7685 points after closing March with a gain of 2254 points while closing February with a gain of 4180 points. January ended with a gain of 2768 points while 1997 points were gained in December. October ended with a gain of 2179 points, after closing September with a gain of 4402 points, following a loss of 301 points in August. July gained 1908 points while June saw a gain of 2074 points. The Platinum Service made a record 9619 points in October 2022.  Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 2300 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking