OctaFX | OctaFX Forex Broker
Open trading account

Probability of Fed tightening in December just increased

FXStreet (Mumbai) - The latest data from the CME Fed watch indicates the odds of a 25bps rate hike shot up across the board on the back of a stellar October Non-farm payrolls report released today.

The December rate hike probability now stands at 71.7%, compared to 58% seen ahead of the data. The January rate hike probability now stands at 75.8%, while March probability now stands at 85.2%; out of which 31.74% represents move in the bank rate to 0.75%.

The Treasury yields also spiked, which also says the odds of a rate hike have increased. The 2-yr treasury note, which is more policy sensitive, rose to a high of 0.958%; its highest since May 2010.

USD/CHF jumps to 1.0060 on US data

The dollar has accelerated its upside on Friday, now pushing USD/CHF to post 8-month peaks near 1.0060...
Read more Previous

Australia’s national house price growth forecast lowered

According to NAB, there is limited scope for further gains in the residential property segment given that the Australian residential property price growth has continued to surpass expectations in recent quarters. NAB has thus reduced its forecasts for detached house price growth in 2016.
Read more Next
Start livechat