The USD and Sterling are the both softer over the past 24 hours, after US core CPI surprised by 1/10% to the downside and the Bank of England shaved a 1/10% off its inflation forecasts and gave a nod the current market pricing that currently see no more than three 25-point Bank Rate rises over the next 2-3 years. The NZD is still weaker than both currencies following yesterday morning’s crunch lower after new Governor Orr said he sees an equal chance of the next move in rates being down as up. The NZD has recovered about two thirds of its losses against the USD but none versus other currencies, including the AUD. US stocks and bonds both liked the softer CPI news, the S&P finishing up almost 1% with the VIX at its lowest close since Jan 26th, 10-year Treasuries down 2.5bps to 2.965% and the 30-year 5bps following a strong auction.

To mark my 1580th 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 45 points yesterday and is now ahead by 553 points for May, having made 1657 points in April, 1760 points in March, 2256 points in February, 879 points in January and 946 points in December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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