Geopolitical tensions surrounding North Korea dominated yesterday’s trading session. However, market moves were contained following a winding back in rhetoric by US Administration officials. In this high stakes geopolitical poker round it appears both players were ‘playing the board’ and a ratcheting down of tensions appears to have occurred. Although risk aversion was felt in Europe, the toning down of language saw a recovery in the US. This is probably best seen in equities with the Euro-Stoxx down 1.3%, but the S&P500 closing to be broadly unchanged. Risk haven currencies were bid, with the Swiss Franc +1.1% and Yen +0.2%, though the US dollar (DXY) was broadly unchanged. Gold was up 1.7%, while the VIX hit a still low 11.11.

To mark my 1400th 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 email me on for details.

For anyone following my Platinum Service it made 44 points yesterday and is now ahead by 328 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.

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