Equity Markets closed lower in both the U.S and Euro-Zone with Financial Stocks leading the decline after Buzzfeed reported suspicious activity in both Deutsche Bank and JP Morgan. Yesterday was the worst day for European Indices since March, led by the DAX which closed almost 5% lower. On top of this the weekly close in both the S&P and Dow below their respective 50-Day Moving Average triggered a sell signal for commodity trading advisers (“CTAs”). This triggered an algo sell trigger. The TikTok-Oracle-Walmart deal was also in headlines, after President Donald Trump reportedly said he may renege on approval of the acquisition. The new Supreme Court vacancy raised some concerns in the market, as the Congressional fight over the vacancy threatened to further cloud the federal spending outlook. It also raised uncertainty around the upcoming Affordable Care Act decision, taking some of the wind out of health care’s sails. The New York Federal Reserve released its Monthly Spending Report, showing that survey respondents became more pessimistic about job prospects in August. The Dow was down over 3.25% before a late rally cut these losses in half. The European Central Bank was said to be considering transferring resources from its pandemic-related programme to other asset purchase schemes to further support the economy. Germany’s Bundesbank warned the economic recovery could slow throughout the rest of the year. British Health Secretary Matthew Hancock cautioned the country could bring back national lockdowns unless more was done to contain the recent resurgence in Coronavirus infections. Italians headed to the polls for regional voting in what could be seen as a referendum on the current government ahead of the general election in 2023. Elsewhere, the  Dollar rallied 1% leading to a 2.39% fall in Gold, while Oil fell 3.6% on supply worries as Libya restarted crude production.

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 150 points yesterday and is now ahead by 1546 points for September, having made 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

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register