Futures Trading Education

Equity Markets continued their positive start to this holiday-shortened week, finishing the day higher, with the Dow and S&P closing at new all-time highs. The Trump administration called on the General Services Administration to assist in the formal transition process, recognising Joe Biden as the winner of the Presidential Election. This erased any real fears of political uncertainty in the coming months. In terms of a COVID-19 vaccine, optimism remains elevated after positive data in the past two weeks. The Food and Drug Administration (“FDA”) said its Vaccines and Related Biological Products Advisory Committee will review the emergency use authorisation (“EUA”) application from Pfizer and BioNTech on December 10. This sparked optimism that rollout could happen before the end of the year. Economic data fell short of estimates, with Consumer Confidence and the Richmond Fed Index missing the mark. But this was overshadowed by the optimism on Wall Street. European Indices again closed higher. European Central Bank Governing Council member Ollie Rehn backed the use of more Quantitative Easing to support the regional economy. Germany’s Ifo Institute said Business Confidence fell in November, adding this likely means the country’s economy will contract in the Fourth Quarter. But the Deputy Head of Germany’s ruling Christian Democratic Union party said the country can “comfortably afford” to provide business aid well into next year. French Business Confidence data for November was better than expected, but hit a five-month low, implying the need for additional stimulus measures. Elsewhere, Gold continued it’s recent sell-off, closing 1.76% lower, as investors rotated into risk assets, like stocks. Meanwhile Oil exploded to the upside, closing 4.18% higher, on hopes that a COVID-19 vaccine would lead to an increase in crude demand.

To mark my 2200th 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 To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it was flat yesterday and is still ahead by 1701 points for November having made 2779 points in October, 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February and 2142 points in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking