Donald Trump Junior’s Russian email saga provided a bit of volatility to the yesterday’s afternoon trading session. Trump’s eldest son released an email chain in which he said he would welcome the possibility of Russia helping his father’s campaign via compromising information about Hillary Clinton. The S&P500 index sold off on the news, falling more than 0.5%, but it recovered almost all of it’s loses in the second half of the Chicago session. The email news triggered a rally in US Treasuries and the US dollar was weaker against most currencies. In other news, Fed Governor Brainard reiterated her views for a cautious approach on future rate hikes and noted that she would ‘’soon’’ be ready to support the Fed’s plan to reduce its balance sheet. How soon remains one of the key questions for markets.

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 132 points yesterday and is now ahead by 488 points for 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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