Opinion – Friday 4 August 2017

The biggest news stories since I posted yesterday morning are the 6-2 Bank of England MPC vote for no change in Interest Rates together with downgraded growth forecasts, which has knocked the British Pound off its recent lofty perch, and a significant downside surprises from the US Non-Manufacturing ISM survey which suggests some downside risk to this afternoon’s US payroll numbers.  Just before the New York close, the Wall Street Journal has reported that US special prosecutor Robert Mueller has impanelled a grand jury to investigate the allegations of Russia’s interference in the 2016 elections. No great surprise perhaps, but the US dollar and US Treasury yields both fell back a touch on these headlines.

To mark my 1375^th 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. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 38 points yesterday and is now ahead by 171 points for August, having made 1096 points in July, 1023 in June, 1071 in May, 1376 in April, 1335 in March, 1481 in February and 1734 in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1700 points.