US equity futures were bid with outperformance in the Russell 200 while the S&P, NDX and Dow Futures all saw gains of 0.4%. T-Note futures were also bid with morning weakness pared after reports in the Wall Street Journal said US President Trump is to avoid day-one tariff policies, which ultimately was confirmed and largely dictated trade for the rest of the session. The announcement saw a typical dovish reaction with upside in T-Note futures and stocks while the Dollar plummeted, supporting the Euro, Antipodes, and the Canadian Dollar. Both the Swiss Franc and Japanese Yen were bid – but to a lesser extent than other G10 currencies due to their haven prospects in a risk on trade. Meanwhile, the Euro was already buoyed following hawkish ECB commentary while the JPY had support after more reports, this time from WSJ, suggesting a Bank of Japan rate hike is likely on Friday. In response to the lack of tariffs, crude prices sold off while Trump echoed his drill baby, drill agenda he will fill strategic reserves again. Elsewhere, the Israel-Hamas ceasefire is now in place, and reports suggest it is going smoothly so far although there are still weather related concerns in the US given the cold weather. Gold prices saw slight gains, primarily propped up by dollar weakness. Crypto prices sold off with Trump failing to announce Crypto as a matter of national priority despite reporting suggesting so beforehand. Elsewhere, Oil fell 1.27% while Gold was basically flat.
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For anyone following my Platinum Service it made 295 points yesterday and is now ahead by 1515 points for January after closing December with a gain of 1997 points after closing November with a gain of 3049 points having finished October with a gain of 2179 points. September saw a gain of 4402 points following a 301-point loss for August after closing July with a gain of 1918 points while June closed with a gain of 2074 points, having made 1843 points in May. The Platinum Service made 4010 points in April after ending March with a gain of 2113 points. February closed with a gain of 1606 points, after closing January with a gain of 3675 points. December saw a gain of 1890 points after finishing November with a gain of 1734 points. October ended with a gain of 3184 after closing September with a small gain of 228 points, after finishing August with a gain of 1485 points, following a small gain of 285 points gain in July, after closing June with a gain of 2683 points. May closed with a gain of 3205 points. April saw a gain of 3354 points while March closed with a gain of 6168 points. The Platinum Service made a record 9619 points last October. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1900 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification
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