European Equity Markets recovered earlier losses but still closed lower on the day. An easing of new Coronavirus infections in Germany following a spike last week tied to a meat-processing plant helped the recovery. The DAX which was lower by 1.5% eventually closed 0.7% lower in thin trading. US Indices are buoyed by the fact that vaccine expectations are building on Wall Street with the hope that the White House will have one or two approved ahead of the November Elections. Bank of England Governor Bailey said the Central Bank would reduce the size of its Balance Sheet before it raised Interest Rates again. This is still a long-way off. In contrast, US Indices closed higher led by the NASDAQ which closed at a new all-time high. White House Economic Advisor Larry Kudlow said he was not concerned about rising COVID-19 cases stalling the economic restart, saying that the U.S is not seeing a ‘’second wave’’. He said that another stimulus package would likely come by the end of the summer. On top of this, President Trump said he backed another round of stimulus cheques to households, in an interview with Scripps. Apple led the NASDAQ higher after revealing plans to build its own Chips. Elsewhere, Oil gained 2.14% after Bank of America raised it Crude price outlook. Gold closed 0.5% higher while the Dollar weakened as risk increased. Bitcoin rose 3% after reports that Paypal will soon allow the buying and selling of Cryptocurrencies.

To mark my 2100th 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 was made 355 points yesterday and is now ahead by 2494 points for June, having made 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February, 2142 points in January and 818 points in December. 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