The top performer among major currencies has been the Canadian dollar where recent strong hints from Senior Deputy BoC Governor Carolyn Wilkins that the Bank of Canada is shifting to a ‘tightening bias’ given signs of an improving economy continues to resonate with markets. The Canadian dollar is up 0.50%, the Loonie also getting some boost during a session from oil prices that were bid higher, continuing the modicum of support seen through the European session yesterday. USD/CAD is trading at around 1.3220 in early trade this morning. That is nearly two big figures lower than last week. The C$ OIS market is now 32% priced for a hike at the upcoming 21 July meeting, with that expectation rising to well over 50% by the 25 October meeting and fully priced by the last meeting of the year on December 6.

To mark my 1350th 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 12 points yesterday and is now ahead by 372 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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