Odds of further Fed hikes in 2019 dinimished to virtually zero based on CME Fedwatch Tool. DXY reinforces this with down trend price action.
Based on CME Fedwatch Tool, market attaches a 96.3% of a 25 point rate hike at the coming June 2018 meeting. Another 25-point hike is highly expected in September but a total of 4 hikes or 100 points by end of year cannot be ruled out
This post looks at DXY analysis from a bullish and bearish angle. It might be confusing but I am merely point out how Dollar bulls and bears could justify their point of view. My unqualified observation: DXY could potentially go much higher. Maybe crazy enough to go back to 100 by end of this year.
4-charts. Dot Plot shows FOMC meeting participants’ assessment of monetary policy. Rate hike odds implied from Fed Fund Futures trading.
Screencaps of rate hike probabilities as well as FOMC Dot Plot taken off CME FedWatch Tool. In addition, a list of 3 meeting outcomes that could qualify as a shock to the market i.e. high impact news.