U.S Equity Markets reversed most of Tuesday’s late plunge after President Donald Trump proposed aid for individuals, small businesses, and airlines. This was in stark contrast to his comments from late Tuesday, where he had suspended further Coronavirus-stimulus negotiations. While the future of any stimulus is still uncertain, Trump’s comments sparked optimism that there is still a chance a Bill gets done. The Federal Reserve released its Minutes from the September Meeting, with officials saying that the current pace of asset purchases will be maintained to help boost the economic recovery. The Fed members also said that Interest Rates will remain near zero for at least three years, matching what Fed Chair Jerome Powell said in his post-meeting press conference. The Dow led the rally, closing higher by 1.91%. European Markets closed mixed. International Monetary Fund Managing Director Kristalina Georgieva said global economic contraction would not be as bad this year as the group’s 4.9% prediction in June. A European Central Bank study expressed concern that global central bank independence is being lost to mounting political pressures surrounding stimulus support. German Industrial Production surprisingly contracted in August, indicating that economic recovery remains choppy. The German city of Berlin imposed new restrictions, including a late-night curfew for bars and restaurants, in an effort to contain a Coronavirus resurgence. Elsewhere, Oil closed 1.68% lower after the EIA lowered its demand outlook in the U.S., while Gold closed 1% lower on little news.

To mark my 2150th 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 lost 95 points yesterday and is now ahead by 886 points for October, having made 3042 points in September, 2383 points in August, 3128 points in July, 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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