Bonds , the Japanese Yen and Gold al rose in Asia overnight, while stock markets slipped as investors ran to safe-haven assets after the United States launched cruise missile attacks against an air base in Syria. This attack on Syria raises the risk of confrontation with Syrian backers Russia and Iran.

Previously  we had not seen a whole lot of market price action in the past 24 hours, with the US Dollar marginally higher, as are US Bond Yields but by less than one basis point. US equities meanwhile have had a better day than Wednesday, the main Indices up by between 0.07% (Dow) and 0.25% (NASDAQ). This follows what I regarded at the time as a bit of an overreaction to the March FOMC minutes released late in the New York afternoon on Wednesday. The suggestion that the Fed was minded to start the process of balance sheet shrinkage before the end of the year elicited a quite pronounced sell-off in US equities, lower Bond Yields (ironically and seemingly on the view that the Fed might now do less with the Fed Funds rate target) and a weaker US Dollar. This was despite ‘before year-end’ being a date many Fed officials have already referenced in recent commentaries.

To mark my 1300th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1/4 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 95 points yesterday and is now ahead by 389 points for April, having made 1335 points in March, 1481 in February and 1734 in February. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this Platinum Service in June 2015 it has averaged a monthly gain of over 2550 points.

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