Monday was a quiet session to start the week on account of the Veteran’s Day holiday with no Fed speakers or US data released. The direction of trade, however, was largely a function of the Trump Trade with Republicans looking increasingly likely to take the House, resulting in a red sweep. This saw T-Note futures sell off to fall back beneath 110-00, settling just beneath the level. Meanwhile, the Dollar surged with DXY hitting the highest level since July. The strength in the Dollar and downside in T-Notes saw the Japanese Yen underperform in G10 FX, rising above 153.50 while the Bank of Japan SOO saw a member call for patience when it comes to rate hikes. Precious metals also tumbled with Gold hitting its lowest level since mid-October, while energy prices were hit amid the Dollar strength but also on an apparent easing in geopolitical tensions. Hezbollah, via Al Arabiya, said that there are negotiations to stop the war, while Israel later noted there has been progress on talks and they want a deal within a few weeks based on the “American document”. Attention on Tuesday turns to the NY Fed SCE and several Fed speakers before CPI on Wednesday and Powell on Thursday. Elsewhere, Oil closed 3.28% lower, while a stronger Dollar saw Gold hit hard, closing lower by 2.43% on Monday.
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For anyone following my Platinum Service it made 308 points yesterday and is now ahead by 1289 points for November having finished October with a gain of 2179 points. September saw a gain of 4402 points following a 301-point loss for August after closing July with a gain of 1918 points while June closed with a gain of 2074 points, having made 1843 points in May. The Platinum Service made 4010 points in April after ending March with a gain of 2113 points. February closed with a gain of 1606 points, after closing January with a gain of 3675 points. December saw a gain of 1890 points after finishing November with a gain of 1734 points. October ended with a gain of 3184 after closing September with a small gain of 228 points, after finishing August with a gain of 1485 points, following a small gain of 285 points gain in July, after closing June with a gain of 2683 points. May closed with a gain of 3205 points. April saw a gain of 3354 points while March closed with a gain of 6168 points. The Platinum Service made a record 9619 points last October. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1900 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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