In markets, the US Dollar fell along with Treasury yields while US stocks ended modestly higher in the wake of what was undoubtedly a good US Employment Report, but testament to both the ‘whisper’ numbers being to the high side of published consensus estimates and the absence of a smoking gun for the FOMC to lift its inflation and/or median ‘dot’ forecast on Wednesday. Payrolls came in at 235k with only small revisions and while Average Hourly Earnings only rose by 0.2% against 0.3% expected, there were 0.2% worth of upward revisions to January and December such that annual growth rose to 2.8% (from 2.6%) as expected. The unemployment rate dropped to 4.7% from 4.8%, as expected.
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 firstname.lastname@example.org for details.
For anyone following my Platinum Service it made 44 points on Friday and is now ahead by 400 points for March having made 1481 points in February, 1734 in January, 1351 in December, 1971 in November and 1582in October. The previous four months saw gains of 1142, 1782, 1682 and 2550 points respectively. Since I started this Platinum Service in June 2015 it has averaged a monthly gain of over 1800 points.