U.S Indices closed higher, boosted by strong economic data, as they rebounded following a bad week and a down October. The ISM Manufacturing Index came in above estimates in October, and hit the highest level since September 2018. And IHS Markit Manufacturing PMI rose from the initial reading. Both of these data points, signal a continued recovery in the U.S. economy, especially following last week’s release of record Third-Quarter Gross Domestic Product (“GDP”) growth. There are still plenty of catalysts throughout the week. Today’s Presidential Election (and the potential lack of decisive results) is one, as is the Federal Reserve’s policy meeting later this week. The Dow led yesterday’s rally, closing 1.6% higher. European Indices also closed higher despite most of the EU in lockdown. The British government announced a new monthlong lockdown that will include remaining at home and the closure of bars and restaurants in an effort to contain the Coronavirus spread. Austria and Portugal announced additional COVID-19 related lockdowns that will allow schools and business to remain open to better contain the outbreak. Markit Euro-Zone’s final Manufacturing Purchasing Managers’ Index (“PMI”) data for October were better than expected, signalling the economy is weathering the storm. COVID-19 vaccine candidates from AstraZeneca and Pfizer were said to be under accelerated reviews in the U.K., suggesting one could be approved for use soon. Elsewhere, Oil closed 3.6% higher as strong manufacturing data signalled positive demand for crude, while Gold finished 0.86% higher ahead of policy decisions from the Federal Reserve and Bank of England.

To mark my 2175th 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 137 points on the first trading session for November having made 2779 points in October, 3042 points in September, 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

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