The Fed last night announced its fourth Rate hike in the Fed Funds rate by ¼%, as entirely expected, lifting the Federal funds rate to 1.00-1.25%. But we walk in this morning with the US dollar having been pressured and the US Treasury curve lower. Another case of the usual “buy the rumour, sell the fact”? The explanation comes only in part from a dovish Fed hike/as expected result, also with the Fed’s own rate projections in their “dot plot” rate forecasts hardly moved. The 2017 Fed median forecast still embodies one more rate hike this year, three more next year (again, as before), with the Fed Funds by the end of 2019 getting to 2.9%, still effectively at the 3% still-expected.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Servoce 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 66 points yesterday and is now ahead by 438 points for June having made 1071 points 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 1750 points.

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