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No more Fed hikes, rising odds of rate cut in second half ’19?

CME Fedwatch Tool screencap taken 07 January 2019

No more Fed hikes, rising odds of rate cut in second half ’19? | Source: CME Fedwatch

Compare screenshot↑ of CME Fedwatch Tool taken this morning with this taken↓ on 13 June 2018. Odds of further hikes this year have diminished until virtually zero. In fact there are rising odds that there will be towards the end of the year.

Fedwatch Tool screencap on 13 June 2018

Fedwatch Tool screencap on 13 June 2018 | Source: CME

What are the odds the USD index is has topped and is now in a falling trend?

DXY falling

DXY falling | Source: Tradingview.com

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

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