Following Tuesday’s report showing that Moderna’s COVID-19 vaccine produced antibodies in all parties involved in a Phase 1 trial, Oxford University announced  yesterday that it had generated a positive  antibody and T-cell response in patients, with  results due to be released soon. This gave a boost to equity markets on both sides of the Atlantic with the DAX and FTSE closing higher by 2%. German Chancellor Angela Merkel said she is willing to compromise in order to find an agreement on the EU’s Euro 750 billion recovery fund to support the Euro-Zone Economy. In a significant development for Ireland, Apple won a victory in it’s legal fight against the EU over $15billion in taxes when the regions second largest Court said the European Commission’s claim did not meet legal standards. Meanwhile, in the U.S, Economic data was also strong, as Manufacturing and Industrial Production rebounded sharply in June and topped estimates. Earnings were also a tailwind with Goldman Sachs reporting a strong second quarter. In other news, President Trump said he does not want to further escalate tensions with China and has ruled out additional sanctions against top officials for now. The S&P briefly hit positive territory for the year before selling off and then rebounding to close 0.9% higher. Elsewhere, Oil rose 1.71% on news of a larger than expected decline in U.S Crude Inventories while the Dollar closed flat. Overnight Chinese Equities got hit hard and are down 3% as I go to press following record Outflows from overseas investors last Tuesday.

To mark my 2100th 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 180 points yesterday and is now ahead by 2327 points for July, having made 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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