Softer US data releases had a short – lived downward impact on US equities, US Treasury yields and the USD, with all three asset classes closing higher on Friday. It was a good day for risk assets with all major equity indices closing higher. The USD was broadly stronger with CAD the big G10 underperformer following a softer than expected Q4 GDP print. Sterling lost ground on Friday, but has opened the new week stronger amid expectations of a softening stand by Conservative Brexitiers. The stronger USD backdrop sees AUD and NZD end the week close to their near term lows. Over the weekend President Trump said he has asked China to immediately remove all tariffs on US agriculture and he also had a go at ‘’a gentleman at the Fed’’ that likes raising interest rates while noting that the US Dollar is too strong. Helping Equity Markets to open stronger this morning was a story from the Wall Street Journal suggesting US and China are close to agreeing a trade deal with a formal agreement likely be reached at a Xi-Trump summit around March 27. This news should be a positive for risk sentiment at the start of the new week.
To mark my 1800th 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@tradernoblecom for details
For anyone following my Platinum Service it made 7 points on Friday on the first trading session for March having made 1013 points in February, 1671 points in January, 2803 points in December, 1541 points in November and 2094 points in October. 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