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Odds of a Fed rate hike in March-May 2018 got better

CME FedWatch Tool now indicates over 10% increase in probability for March or May 2018 rate hike compared to odds captured day after the last FOMC meeting.

This screenshot was taken off CME FedWatch Tool today.

CME FedWatch Tool screenshot taken on 02 January 2018

CME FedWatch Tool screenshot taken on 02 January 2018

Compared to odds recorded on 14 December 2017 – day after the last FOMC meeting – probabilities captured today show odds for a March-May rate hike improve over 10%.

At some point in the near future, expect Dollar action to align in the same direction with MSM coming in with an appropriate cover story.

 

 

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Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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