U.S. stocks advanced to an all-time high after the Federal Reserve cut Interest Rates as expected and signalled it was unlikely to move in either direction any time soon as inflation remains muted. Treasuries extended gains and the US Dollar erased an advance. The S&P 500 turned higher when Chairman Jerome Powell said rate hikes won’t occur as long as inflation remains persistently cool. That fuelled a rally in Treasuries and sent the US Dollar lower. Prior to the comment, risk assets were under pressure after hawks saw a change in the policy statement’s language — removing “act as appropriate” — as signalling officials will not make any further cuts this year. After the close of trading, AppleStarbucks and Facebook advanced after posting results. Twitter fell after saying it won’t accept political advertisements.

To mark my 1925th 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 135 points yesterday and is now ahead by 1479 points for October, having made 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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