U.S Equity Markets ended the week in positive territory on optimism surrounding stimulus negotiations. The White House said it remained open to negotiating a larger Stimulus Bill as Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi (D-CA) continued discussions. Later in the day, President Donald Trump said he would be in favour of a $1.8 trillion stimulus package, $200 billion more than Senate Republicans had previously proposed. Otherwise, it was a relatively quiet day for markets. Eyes are now turning to this week, when the big banks kick off earnings season. The NASDAQ 100 led the rally, closing 1.51% higher. European Markets also closed higher. British Chancellor of the Exchequer Rishi Sunak was reportedly readying a new furlough scheme to protect workers that have been laid off. The European Medicines Agency said it was unlikely a Coronavirus vaccine would be approved before the end of the year. Spain’s Prime Minister was said to be preparing to enforce a state of emergency in the city of Madrid, as it battles rising Coronavirus cases. Saudi Arabia was said to consider requesting that OPEC rethink plans to boost oil output. Elsewhere, Oil fell 1.6% as OPEC raised concerns over lower crude demand, while Gold consolidated it’s recent break over $1900, closing 2.03% higher.

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 17 points on Friday and is now ahead by 913 points for October, having made 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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