Something of a return to the good old days in the last 24 hours, when an infolding economic calendar and rhetoric from Fed officials counted for more than what the leader of the free world had to say. So it was that New York Fed president Bill Dudley – considered to be one three most important Fed officials after Janet Yellen and Stanley Fisher – electrified markets first thing yesterday with his comments that the case for Fed tightening had become “a lot more compelling in recent months” and that “…the risks to the outlook are now starting to tilt to the upside”. These came hot on the heels of remarks from San Francisco Fed president John Williams that he saw a March hike getting “serious consideration”. The net effect was to see market-implied probabilities for a March rate hike shift from near 50% at the start of the week to more like 80% now.

To mark my 1275th 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 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 lost points yesterday for only the second time this year with a 70 point loss on the first trading day of 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.

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