The two most significant development yesterday were a 1.0% surge in the Euro (Euro now fetches 1.1110 – the highest since November 9 2016), and continued weakness in the US Dollar with the DXY down 0.7% yesterday and another 0.3% overnight and at its lowest point since just after the US the election. Overnight the continued political fall-out from US President Trump’s sacking of FBI Director Comey has led to a large fall in the US Equity Futures Market. The big secular theme over the past couple of months has been long Europe. European data continues to be broadly positive, reinforced yesterday with the German ZEW Index rising to 20.6 from 19.5 and the Trade Balance coming in better than expected with the surplus rising to €23.1bn from €18.8bn. Those prints also likely helped set the tone for the Euro’s rise, but it is important to note this is part of a trend that emerged following the first round of the French presidential election.

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 email me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it had its first down day since March 1, losing 50 points yesterday, but is still ahead by 533 points for May, having made 1276 points in April, 1335 in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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