U.S. Treasuries slipped, pushing Bond Yields higher, after a surprisingly strong  Employment Report cemented market expectations for the Federal Reserve to pause after three straight Interest Rate cuts. A weak manufacturing report helped limit the day’s losses. Traders trimmed bets on further 2019 Fed easing after the labour report showed the U.S. added 128,000 jobs in October, exceeding the consensus forecast for an 85,000 increase. Shorter maturities led declines Friday, pushing the yield curve flatter. The solid employment report comes after U.S. policy makers on Wednesday lowered rates, as expected, for the third straight meeting and hinted at a pause. The strength of Friday’s jobs data reinforces that message, though a continued deterioration in the global economy will likely keep yields capped. Fed Vice Chairman Richard Clarida on Friday said the economy and the Central Bank’s policy are “in a good place.” This helped Equity markets with both the S&P and NASDAQ closing at new all-time highs. Commerce Secretary Wilbur Ross expressed optimism the U.S. would reach a “Phase One” trade deal with China this month and said licenses would be coming “very shortly” for American companies to sell components to Huawei Technologies Co. Trump told reporters Sunday a trade deal, if completed, will be signed somewhere in the U.S., with a new venue being sought in the wake of the Chile APEC summit being cancelled.

To mark my 1950th 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 was flat on Friday on the first trading session for November having made 1649 points in October, 1620 points in September, 2387 points in August, 1153 points in July, 1346 points in June,1722 points in May, 955 points in April and 1027 points in March. 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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