U.S Indices closed lower after a volatile trading session. Markets bounced around before selling off in the last two hours of trading. Weekly Jobless claims missed estimates and were even weaker than last week, while Continuing Claims unexpectedly rose. This sparked concerns that the economic recovery was stalling. But the overall downward trend (as measured by the four-week average) remained intact. In terms of Stimulus, Senate Democrats shot down a $650 billion “skinny” proposal brought forward by Senate Republicans. This continued to fuel worries that a support bill will not be reached. On the vaccine front, AstraZeneca’s CEO said the company will have a good idea by year’s end whether or not its Coronavirus candidate protects people. There were also reports that the company’s trial could restart as soon as next week. Both the S&P and Dow ended the day with losses of 1.77% and 1.45% respectively. Meanwhile European Indices ended lower after the ECB left Interest Rates unchanged and did not introduce anymore Stimulus. While the ECB did not enact any new measures, it said it stands ready to adjust all of its policy tools as necessary to provide ongoing economic support. The European Union was said to be preparing legal action if the U.K. went through with its plan to break the Brexit agreement. France’s Coronavirus hospitalisations hit a one-month high as new cases continue to rise. Elsewhere, Oil closed 2.73%  lower as U.S Crude Inventories unexpectedly rose, raising concerns of oversupply while Gold again closed flat.

To mark my 2150th 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 353 points yesterday and is now ahead by 797 points for September, having made 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 HERE Please subscribe to this for new interview notification

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register