With the US Equity and Bond Markets closed for the funeral of George H.W.Bush markets have traded in a narrow range following the aggressive sell-off in equity markets on Tuesday. The Bank of Canada issued a dovish statement following its ‘’no change’’ rates decision, arguing that sharply lower oil prices of late – and for Canadian Crude note much more so that global benchmarks – will have both some negative impact on activity as well as allowing for a longer period of non-inflationary growth. The BoC Statement saw the implied probability of the next rate rise occurring after the January meeting fall from about 65% to less than 25%. March is though still priced at more than 50% with the BoC reiterating that rates still need to rise to closer to neutral (from 1.75% now). The Canadian Dollar immediately rose by about 0.9% with USD/CAD hitting its highest level since June 2017 at 1.3400. The move imparted some collateral damage on the AUD, AUD/USD pulled down from 0.7300 to 0.7260 (0.7267 now), while the EUR/USD closed unchanged at 1.1340

To mark my 1725th 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 was flat yesterday and is still ahead by 220 points for December, having made 1541 points in November, 2094 points in October, 1279 points in September, 599 points in  August, 1074 points in July, 994 points in June, 1927 points in May, 1657 points in April, 1760 points in March and 2256 points in February. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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