Last Friday’s US Payrolls Report was strong in all respects, lifting the US Dollar and US yields across the board while allowing for small-scale gains in US stocks and risk sentiment. Non-Farm Payrolls rose by 209k against 180k expected with trivial 2-month net revisions, the unemployment rate fell by 0.1% to 4.3% as expected and while average earnings only rise by the 0.3% expected, rounding meant the year-on-year growth rate held at 2.5% rather than the expected drop to 2.4%. President Trump’s chief economic policy adviser Gary Cohn was banging the (autumn) tax reform gong loudly on Friday (including making clear than incentives for US firms to repatriate profits held overseas was an integral part of the administration tax plans). Fed dove Neel Kashkari meanwhile tweeted said the payrolls report didn’t change anything (implying he still wants to see evident of higher inflation before being persuaded to vote for higher rates.)

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 bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 70 points on Friday and is now ahead by 241 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.

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register