Futures Trading Education

U.S. Equity Markets fell as investors digest inflation and Retail Sales data ending the day lower, led by the NASDAQ 100 which ended yesterday’s session with a loss of 0.69%. As a result, the VIX closed a further 4% higher at 17.02. Economic data releases weighed on markets. The main two being watched were Retail Sales and PPI. Retail sales fell more than expected in May, as consumers pulled back on big-ticket purchases (like autos) in favour of smaller spending at places like restaurants. And PPI data came in higher than expected, stoking inflation fears in the U.S. economy. Now investors will wait and see how the Federal Reserve handles this evening’s policy announcement and Fed Chair Jerome Powell’s post-meeting press conference. In other economic data, Homebuilder Confidence fell, as rising material prices slowed the rate of new construction. But the release showed that demand remains elevated. Infrastructure remained in the news, with reports suggesting that President Joe Biden would give bipartisan negotiations 7 to 10 days to show any progress, after which he will try and push the bill through via budget reconciliation. European Markets again closed higher. The Euro-Zone’s Trade Balance data for May were weaker than anticipated, as surging imports signalled rebounding regional economic demand. European Central Bank Governing Council member Francois Villeroy de Galhau said it will not withdraw stimulus before all countries in the region have seen a sustained economic rebound. The Bank of France also boosted its full-year economic growth outlook from 5.4% to 5.8%, citing strong spending and investment. In Asia, The People’s Bank of China left its one-year medium-term lending facility rate unchanged, implying the central bank still feels it is too soon to tighten monetary policy. Bank of Japan officials were said to see no need to increase bond purchases as part of its policy update later this week, opting instead to wait and see the effects of tweaks made in March. Bank of Korea Governor Lee Ju-yeol hinted late last week the central bank would look to commence an orderly exit of easy-money policies if the economic recovery remained strong. Elsewhere, Oil rose 1.93%, to the highest level since 2018 on demand optimism, while Gold fell 0.28%.

To mark my 2325th 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 made 220 points yesterday and is now ahead by 1279 points for June having made 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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