Trader Noble Market Commentary 30/11/2021

On 30/11/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets reversed 50% of Friday’s declines, as health officials and Governments tried to play down the threat of Omicron. The NDX led the rally, closing higher by 2.33%. The White House said it would join other nations banning travellers from eight southern African nations in an attempt to limit the spread of the COVID Omicron variant. But Wall Street thinks (for now at least) that the Omicron variant won’t be as bad as initially feared. President Joe Biden said the U.S. will not need a new round of lockdowns to fight …

Trader Noble Market Commentary 29/11/2021

On 29/11/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets got slammed on Friday after a new COVID 19 strain named Omicron emerged in South Africa, causing the British government to ban flights from the region, and sparking global growth concerns. The Dow led the decline as stocks suffered their worst ‘’Black Friday’’ selloff in 70 Years, closing lower by 2.53%. The VIX surged 54% on this news, closing at a price of 28.62. The World Health Organisation said the new variant has more spike protein mutations, which could make it more resistant to vaccines. This warning stoked global …

Trader Noble Market Commentary 26/11/2021

On 26/11/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Futures Markets rose yesterday on what otherwise was a very quiet trading session. Markets will not return to normal until Monday as the Cash Equity Markets are only open for a half-day The December S&P now trades within 1% of its all-time high. European markets closed mixed. There was nothing of note from the ECB Minutes but given the inflation background it does set up for an interesting December. Portugal has introduced mask wearing for people indoors while late in the Day the French Health-Minister said that France Borders will …

IMPORTANT – Thanksgiving Early Closes 2021

Please make yourselves aware of the early closes around Thanksgiving to avoid accidently holding overnights and being stopped out as a rule break. Make sure you adjust for your timezone and exit any trades at least 15 minutes prior to the close time.  Full CME details can be found on this link CME Group Holiday Calendar

Trader Noble Market Commentary 25/11/2021

On 25/11/2021 TraderTalent.com is bringing you Bryan Noble. Plenty of two-way price action again in yesterday’s session saw U.S. Equity Markets close higher, led by the NASDAQ 100 which ended the day with a gain of 0.37%. Weekly Jobless Claims fell more than expected, hitting the lowest level since 1969. Personal Consumption Expenditures (“PCE”) for October rose 5% on a year-over-year (“YOY”) basis, below Wall Street’s expectation for 5.1% and above last month’s 4.4% number. The core reading saw a similar result with a 4.1% YOY gain, in line with the expectation and above September’s upwardly revised 3.7%. This is …

Trader Noble Market Commentary 24/11/2021

On 24/11/2021 TraderTalent.com is bringing you Bryan Noble. After a volatile trading session which saw plenty of two-way price action, U.S. Equity Markets finished yesterday mixed. While the Dow closed higher by 0.54%, the NASDAQ 100 finished the session with a loss of 0.45%. President Joe Biden announced that the U.S. would release 50 million barrels from its Strategic Petroleum Reserve in a coordinated move with several other countries to lower oil prices. Atlanta Fed President Raphael Bostic said that the central bank may need to accelerate the pace of its asset purchase tapering programme. He said that he could see …

Trader Noble Market Commentary 23/11/2021

On 23/11/2021 TraderTalent.com is bringing you Bryan Noble. A volatile start to Thanksgiving Week for  U.S. Equity Markets, as the Dow sold off 300 points into the close after President Biden announced that Jerome Powell will remain as Fed Chairman. The NDX led the decline, closing lower by 1.13% as the VIX ended yesterday’s session with a gain of 7%. President Joe Biden said he would nominate Federal Reserve Chair Jerome Powell to stay in his post, while promoting current Fed Governor Lael Brainard to Vice Chair. This did away with any uncertainty over the central bank’s future makeup. And it should keep the …

Trader Noble Market Commentary 22/11/2021

On 22/11/2021 TraderTalent.com is bringing you Bryan Noble. After a volatile trading session U.S. Equity Markets ended Friday’s session mixed after the NDX closed at yet another new all-time high after a gain of 0.55% while the Dow closed lower by 0.75% and is now trading nearly 1000 points off its November high. Federal Reserve speakers were in focus on Friday. Fed Vice Chairman John Williams said the economy continues to rebound at a solid pace but it is still too soon to make decisions on long-term inflation. Fed Governor Christopher Waller said the Fed needed to accelerate the pace …

Trader Noble Market Commentary 19/11/2021

On 19/11/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets finished yesterday’s session mixed as the Dow closed lower while the NDX closed at a new all-time high following a gain of 1.07%. 268,000 individuals filed Initial Jobless Claims in the week ending November 13, according to the U.S. Department of Labour. This was below the prior week’s upwardly revised 269,000 figure, but above Wall Street’s estimate of 260,000. The number also marked a new low since the COVID-19 pandemic began. In other economic data, the Philadelphia Federal Reserve Manufacturing Index rose and beat estimates. It now sits close …

Trader Noble Market Commentary 18/11/2021

On 18/11/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets finished yesterday’s session lower after a volatile trading day in which the VIX closed 5% higher. The Dow led the major Indexes lower closing with a loss of 0.58%. Housing market economic data was mixed, with Housing Starts missing estimates and Building Permits coming in above expectations. Still, both metrics are elevated on a historical basis, proving the housing market’s ongoing strength. Earnings continued to come in strong, with solid reports from both Target (TGT) and Lowe’s (LOW). The U.S.-China relationship remained in focus after this week’s call between …