R.I.P. Chuck Berry. And R.I.P. anti-protectionism, after the weekend G20 meeting Communique omitted reference to avoiding protectionism, reflecting the new reality of the USA’s position. This turns the spotlight firmly on the formulation of U.S. Trade Policy in coming weeks. It risks upsetting currently benign global risk sentiment. No dramas in Friday’s markets, which saw US equity Indices closed little change but on the week while US Bond Yields leaked a bit lower and the US Dollar fell back to its lowest levels since November 11, two days after Trump’s election victory. The BBDXY dollar index is now 61.8% back from the level from which it started to rally on the Trump news, so a fairly significant technical level.
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 anyone following my Platinum Service it made 109 points on Thursday and is now ahead by 724 points for March, having made 1481 points in February, 1734 in January, 1351 in December, 1971 in November and 1582 in 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.