On 13/10/2021 TraderTalent.com is bringing you another guest post from Bryan Noble.

U.S. Equity Markets were little changed throughout much of yesterday, before again selling off into the close, led by the Dow finishing lower by 0.34%. Markets opened slightly lower on a quiet day, before bouncing around for the rest of the day. Federal Reserve speakers made headlines, with Atlanta Fed President Raphael Bostic saying that the Fed may allow inflation to overshoot the 2% target for a few years to achieve an average 2% target. However, Fed Vice Chair Richard Clarida noted that he expects many of today’s pricing pressures to be transitory. In terms of economic data, Job Openings fell for the first time in 2021 but still remained at the second-highest level on record. This is a sign that businesses are still looking to bolster their workforces. European Markets closed lower. European Central Bank Chief Economist Philip Lane said he does not expect the recent rise in labour costs to be permanent, advocating the central bank needs to go slow on stimulus removal. Germany’s ZEW Economic Sentiment Index fell for the fifth straight month in September, with survey respondents continuing to cite supply-chain bottlenecks as the main issue. French Finance Minister Bruno LeMaire said the country’s relationship with the U.S. remains strained over various security issues, ahead of a Finance Ministers’ meeting in Washington, D.C. In Asia, China’s growth concerns festered after real estate developer China Evergrande was said to miss another bond payment and coal-mine flooding stoked power generation worries. Japan’s preliminary machine tool order data for September rebounded versus August, as the pace of growth and yen value increased on a domestic and foreign basis. The Bank of Korea left interest rates unchanged, saying “sound growth” is expected to continue, and it will adjust monetary policy appropriately. National Australia Bank’s business confidence index for September rose into positive territory, on optimism restrictions will ease this month and next. Elsewhere, Oil closed flat on the day  while Bitcoin fell 4% on profit-taking.

To mark my 2400th 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 [email protected] for details

For anyone following my Platinum Service it made 90 points yesterday and is now ahead by 823 points for October after making 2866 points in September, having closed August with a gain of 1543 points, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, and 2273 points last December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

To view the current daily levels commentary (which non-members can only view in older reports) you would need to purchase a Trader Noble Commentary Subscription from US$50/month.


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