The pattern of a weaker US Dollar has continued to play out since I posted 24 hours ago, as the Bloomberg Spot Dollar index closed down another 0.29% and the DXY down a larger 0.48%. The Euro has been the largest beneficiary, EUR/USD up and over 1.18, levels not seen since January 2015. It’s been a combination of continued momentum appetite for the Euro, aided by somewhat better-than-expected data out of Europe, mixed data from the US, and over recent hours, more revolving doors at the White House. Anthony Scaramucci has been shown the door after that recent venting tirade. Newly-appointed Chief Of Staff John Kelly has apparently been given carte blanche to make changes. And he did. Whether justified or not, it’s only added to the market’s perception that the wider tax reform, budget reform, and growth agenda is even further on the backburner. Adding to the market’s gloom over Washington, Fed Vice Chairman Fischer warned in a Brazil speech how political uncertainty can hurt economic growth. His speech was pondering why interest rates globally have remained so low for so long, including from weaker investment and demographics, evident even before the Global Financial Crisis.

To mark my 1375th 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 6 points yesterday to finish July with a 1096 point gain, having made 1023 points 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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