U.S. Equity Markets rose to end the week, after a fifth consecutive gain. The S&P had its best week since early November, with a rise of 5%. Employment data was the big driver today. The U.S. economy added 47,000 jobs in January, resuming a positive trend after a brief blip in December. And the Unemployment rate fell to 6.3%, beating expectations. This is another positive sign for the economic rebound. It was a relatively quiet day otherwise. There were no new headlines on further stimulus legislation, and Democrats are still prepared to push through a $1.9 trillion package via reconciliation. Vaccine news was also positive. Johnson & Johnson applied for emergency use authorisation, saying that they are ready to provide 100 million doses by the summer. And the Food and Drug Administration (“FDA”) reportedly began a review of Novavax’s vaccine, potentially adding more supply. European Indices also closed higher. French Prime Minister Jean Castex said the country does not require a new lockdown, despite the fact social-distancing restrictions can’t be eased yet. The British government said it would impose a 10-day quarantine on travelers visiting the country from those designated as COVID-19 hotspots beginning February 15. German Chancellor Angela Merkel said it is too soon to ease COVID-19 restrictions, even as the spread of the virus eases. German Factory Orders for December were weaker than expected, but November’s data were revised higher, signalling Europe’s largest economy continues to support the regional outlook. Elsewhere, both Oil and Gold closed higher by 1.32% and 1.12% respectively on Dollar weakness.

To mark my 2250th 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 155 points last Friday and is now ahead by 580 points for February, having finished January with a gain of 2077 points, 2273 points in December, 2025 points in November, 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, and an incredible 9264 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

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register