U.S. Equity Markets continued their post-election rally, finishing the day higher, led again by the NASDAQ which gained 2.58%, while S&P closed 1.94% higher. Weekly Jobless Claims were in line with last week but remained below 1 million for the tenth straight week. This points to a recovery in the job market, albeit a slow one. The Federal Reserve left Interest Rates unchanged but announced an increase in its Treasury purchases over the coming months. That should help keep Interest Rates low and support spending and growth. In addition, it said it remains ready to use its full range of tools to support the economy as necessary. Fed Chairman Jerome Powell echoed this in his post-policy meeting press conference, adding that the U.S. Economy’s recovery has moderated in recent weeks. He also expressed concern over rising case numbers in the U.S. and the impact they could have on growth. European Indices closed higher for the fourth Consecutive trading session. The British government is said to be telling doctors to prepare for a potential Coronavirus vaccine roll out before Christmas. The Bank of England increased its Quantitative Easing target by $196 billion, while leaving Interest Rates unchanged. British Chancellor of the Exchequer Rishi Sunak extended the U.K.’s programme to help furloughed workers until the end of March, as the country is going back under lockdown. Organisation of Petroleum Exporting Countries officials said Saudi Arabia and Russia are pushing members to delay production increases scheduled for January. Elsewhere, the Euro closed 1% higher versus the US Dollar, helping Gold to rally $40 for a 2.92% gain on Dollar weakness.

To mark my 2175th 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 65 points yesterday and is now ahead by 912 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 HERE Please subscribe to this for new interview notification

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