A dramatic week ended without too much additional fanfare on Friday. The global yield back up extended but only slightly, the dollar finished fairly flat overall and stocks mixed (US mostly higher, Europe weaker). Neither the US core PCE deflator (1.4% from 1.5%) nor Eurozone HICP (1.3% from 1.4%) sprung surprises sufficient to prompt market volatility. Of more interest as it turned out, the Chicago PMI jumped by over 6 points to suggest upside risk to Monday’s manufacturing ISM, while a very strong Canadian Q2 Business Survey looks to have sealed the deal in terms of the Bank of Canada being the first cab off the rank to translate the recent shift in central bank rhetoric into action. Meanwhile the narrow DXY US DIllar index ended Q2 recording its biggest quarterly loss since Q3 2010. This week’s top drawer US economic data has a lot to live up to if there is to be any love left for the US dollar at the start of Q3.

To mark my 1350th 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 86 points on Friday which helped June to close with a gain of 1023 points having made 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.

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