Seven of my nine market calls got hit yesterday in what turned out to be a volatile trading session as markets started Q3 in a risk positive tone supported by mostly positive data releases. Equities had a good day in Europe and a solid one in the US, although technology shares were the exception with the NASDAQ down 0.49%. Bond yields have continued to move higher led by US Treasuries, a factor that has contributed to the USD outperforming across the board. The USD outperformance is also reflective of an emerging wondering theme with the market questioning last week’s central bank policy shift in Europe. In what was a holiday shortened trading session in the US, ahead of Independence day on Tuesday, the ISM manufacturing PMI beat expectations (57.8 vs 55.3 exp and 52.1 prev.) reaching an almost 3-year high, backed by strong New Orders and Employment components. The data release triggered a bond selloff with 10y UST yields leading the way. 10y UST closed at 2.3499%, 3.5bps higher relative to where I marked prices yesterday morning.

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 for details.

For anyone following my Platinum Service it made 187 points yesterday on the first trading session of July, 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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