While ECB President Mario Draghi and other ECB Governing Council members have been out en masse imploring investors to not worry and be happy about the Euro-Zone economic outlook, while repeating the ‘’patient, persistent, prudent’’ mantra with respect to monetary policy. However yesterday ECB Chief Economist Peter Praet nevertheless cautioned that there is considerable uncertainty regarding the degree of slack in the Euro-Zone economy (something he had already mentioned before Easter) and noting that inflation continued to be ‘’lacklustre’’. Draghi’s confidence was nevertheless enough to see EUR/USD put on half a cent, from around 1.2275 to near 1.2325. Meanwhile the winding road that is the US equity market has seen a small (1/3%) recovery from Friday’s 2.2% sell-off in the S&P500, but after being up almost 2% earlier in the session, which follows gains of 0.7%, 1.2% and 1.3% last Tuesday Wednesday and Thursday and a 2.2% fall last Monday. During this time the US dollar has continued to trade sideways (though the DXY is down 0.3% in the last 24 hours) while 10-year US Treasuries are sitting comfortably in the middle of what has been a 2.715-2.835% range.

To mark my 1550th 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 188 points yesterday and is now ahead by 821 points for April, having made 1760 points in March, 2256 points in February, 879 points in January, 946 points in December, and 823 points in November Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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