U.S Indices closed higher as vaccine optimism gathers pace. Moderna announced that it has received another $472 million from the U.S Government’s Biomedical Advanced Research and Development Authority to support the development of the company’s COVID-19 vaccine candidate. The U.S Government has now awarded $6 billion in funding to companies developing vaccines. Meanwhile, Republicans and Democrats will continue to negotiate to get a deal done as soon as possible. European Markets declines as Spain saw Coronavirus infections reach the highest-daily rate since May, causing the U.K and Norway to quarantine travellers from the country. Italy’s Government warned the recently passed EU Recovery Fund would not come quick enough to prevent a liquidity crisis in the autumn, while ECB Vice President de Guindos said most European Banks were strong enough to cover the losses from the virus. Setbacks in the global fight against COVID-19 will probably push the FOMC to say Interest Rates will stay low for longer in tomorrow’s Central Bank Meeting. High Frequency economic indicators are pointing to a slowdown and this will be reflected in the Fed’s continued dovish stance. Elsewhere, Gold jumped to a new all-time record while the  US Dollar fell for a sixth consecutive trading session.

To mark my 2125th 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 129 points yesterday and is now ahead by 2709 points for July, having made 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

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