Futures Trading Education

U.S. Indexes closed primarily green with outperformance in the NASDAQ on Monday thanks to the rally in AMD shares. AMD has signed a deal with OpenAI, with OpenAI to deploy 6 gigawatts of AMD GPUs based on a multi-year agreement. Sectors were predominantly firmer, with Consumer Discretionary, Tech and Utilities leading the gains, while Real Estate, Consumer Staples and Health Care underperformed. Note, the Dow was the only Index to close red as Verizon (VZ) put downward pressure on the Index following a CEO transition. US macro updates were light, given the US government shutdown entering its second week, with little sign of progress on a reopening so far. In FX, the Japanese Yen was the clear underperformer after Sanae Takaichi, who is perceived to advocate for looser fiscal policy and a more delayed Bank of Japan tightening cycle, won the LDP leadership election. Meanwhile, the Euro was also pressured after the French PM resigned on the view that he could not form a working cabinet. Therefore, the Dollar Index saw modest strength due to the Yen and Euro weakness, while US Treasury yields also moved higher. Treasury trade remains quiet amid the government shutdown and lack of data, with expected volatility in Treasuries (measured by the ICE BofA MOVE index) falling to lows last seen in December 2021. In commodities, crude prices are firmer following the modest OPEC+ 137k hike (some had expected 500k given recent reports). Meanwhile, Gold surged above USD 3,900/oz as a possible solution to the US government shutdown remains to be seen. This week’s focus will lie on US Treasury supply, several Fed speakers, FOMC Minutes, and the Preliminary October University of Michigan report. Elsewhere, Oil closed higher by 1.33% while Gold ended Monday’s session with a gain of 1.70%, closing at a new all-time high.

To mark my 3250th 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 lost 790 points yesterday and is now down by 160 points for October after closing September with a gain of 3774 points after ending August with a gain of 3362 points after closing July with a gain of 3753 points after closing June with a gain of 3530 points, having closed May with a gain of 3606 points, after closing April with a gain of 7685 points after closing March with a gain of 2254 points while closing February with a gain of 4180 points. January ended with a gain of 2768 points while 1997 points were gained in December. October ended with a gain of 2179 points, after closing September with a gain of 4402 points, following a loss of 301 points in August. July gained 1908 points while June saw a gain of 2074 points. The Platinum Service made a record 9619 points in October 2022.  Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 2300 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking