Both European and U.S Indices reversed most of Friday’s losses to start the week on a positive note. Seasonally this is a strong week for the U.S Markets which are closed from 1.00 pm on Thursday until Monday morning for the July 4 Holiday Weekend. Markets gained comfort from comments from the St Louis Fed Governor James Bullard who believes the second-half rebound in the US Economy could be the sharpest we have ever seen. That is significant as he and his economic team at the St Louis Fed are possibly the sharpest in the Central Bank system. Remember they were initially calling for softness which other Members did not see coming. Boeing led the Dow higher with a gain of 10% as the market reacted well to testing its 50 Day MA at 24925. Daily Coronavirus cases eased for the second consecutive day in Arizona, Florida and Texas which is encouraging but fears of a second wave still remain. Pending Home Sales surged 44% in May while the Dallas Fed Manufacturing Index rebounded well above expectations in June. The Dow ended the day with a gain of 2.32%. Markets now turn their attention to Treasury Secretary Steven Mnuchin’s Testimony before the House Financial Services Committee this afternoon. Elsewhere, the US Dollar rose 0.3%, Treasuries were flat while Gold and Crude rose 0.5% and 3% respectively.

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 made 165 points yesterday and is now ahead by 2385 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