The Canadian dollar is the standout winner in FX markets after the Bank of Canada raised rates by 0.25% to 0.75% as widely expected but did not deliver the ‘dovish hike’ some were expecting. US Bond yields and the US dollar are generally lower (EUR/USD The exception) after Janet Yellen’s Congressional testimony was interpreted in a slightly dovish light. This has pulled AUD/USD higher by default, aided also by what looks like a bout of profit taking on erstwhile winning long Euro trades and where positioning might have become somewhat stretched in the past week or so.

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 10 points yesterday and is now ahead by 498 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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