It’s a nod to Bastille Day today and with the US President visiting France, declaring in a tweet his “unbreakable” relationship with the French President. Markets yesterday saw the Australian Dollar at the top of the FX leader board, pushing up through the London and New York trading sessions to close at 0.7730/35, having already tested 0.7740 earlier. The NZD has not had the same intra-day further support, but remains north of 0.73 where it reached later yesterday. The Canadian Dollar also continues to garner some support, not hurt by oil prices increasing somewhat higher yesterday. Following in the patter of Norway’s, Sweden’s CPI was higher than expectations, adding to the notion of a turning global rate cycle. NZ’s CPI next week (expected to be soft at 0.1%) and Australia’s the week after (expected at ~0.5%) will be important barometers.

To mark my 1375th 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. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 58 points yesterday and is now ahead by 556 points for July, having made 1023 points in June, 1071 in May, 1376 in April, 1335 in March, 1481 in February and 1734 in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1700 points.

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