European Indices rose but closed well off their early morning highs after EU Leaders finally agreed a Euro 750 billion Recovery Fund following four days of marathon talks. The Euro soared on this news closing at its highest level in 18 months, since January 2019 at $1.1520. ECB Member Isabel Schnabel said the Central Bank could still increase the rate of bond purchases under its Pandemic Emergency Purchase Programme. In the U.S, the S&P closed higher for the third consecutive trading session after the EU’s announcement boosted risk assets. On the Coronavirus front, California Governor Gavin Newsom said the increase in hospitalisations was slowing as daily infections remained below the July 17 peak for a third straight day. The COVID-19 vaccine front runners gave an update to Congress on their vaccine progress, saying they remain hopeful that a vaccine can be developed by the end of the year. Overnight Treasury Secretary Mnuchin and Speaker of the House Pelosi met to discuss the next round of stimulus where Pelosi said she was hopeful a deal can be made by the end of next week. Elsewhere, Oil closed 2.17% higher on growth optimism after positive vaccine data while Gold surged to close at a new nine-year  high, following Silver’s 5.2% rise, closing at its highest level since 2016.

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 lost 90 points yesterday and is now ahead by 2313 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

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

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