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“Since I signed up to your Platinum service in December 2015, my trading has improved immeasurably. Your knowledge, insight and experience in the markets is quite incredible, with a 80% plus strike rate across nine markets. The daily commentary alone is worth the money, let alone taking the trades and I cannot recommend your platinum service enough for anyone who wants to avoid the daily pitfalls of financial trading. Keep it up and I look forward to many years reading and trading on your service.”Don Morrissey
For all the talk of an emerging bear market in equities of late, and for whatever reason, European and US equities have reversed in size which started shortly after I posted early yesterday morning, led by tech stocks. After testing three month highs, the VIX index is back down to 11.73 (- 1.73) and US Treasury yields are up 3-5 bps along the curve, yields a little higher in late session trade. Meanwhile in FX, it has been a day of contained ranges, the DXY little moved as has been the AUD. Risk appetite has been supported in the NY afternoon session by the passage in the US House of its Tax Reform legislation package. That brings Tax Reform a step closer, though the Senate needs to pass legislation too and then be reconciled with House legislation.
To mark my 1475th 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 in this offer please contact me on email@example.com for details.
For anyone following my Platinum Service it was flat yesterday after none of my calls got hit yesterday as thankfully we had no sell levels in the Equity Indices and is still ahead by 665 points for November, having made 657 in October, 447 in September, 1560 in August, 1096 in July, 1023 in June, 1076 in May, 1335 in April, 1375 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 1600 points.
The mild risk off tone continued yesterday with both equities lower (S&P500 -0.4%, Euro Stoxx -0.3%), and Bond Yields lower (USTs -3.9bps, Bunds -21bps), while the VIX crept higher but is still at a low 12.91. Economic data certainly does not support the risk off tone...
Caution remains the main theme in markets with equities softer on both sides of the Atlantic weighed down by the energy and materials sectors amid softer oil and metal prices. Ahead of US CPI this afternoon the US Dollar and longer dated US Treasury yields are lower...
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