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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (14754)11/7/2015 9:53:39 AM
From: Goose94Read Replies (1) | Respond to of 203399
 
US Dollar Surges, December Rate Hike Odds Soar Following Strong Jobs Report

Following today's jobs report the odds of a December rate hike approached 70% and the US dollar index surged.

December Rate Hike Odds



According to CME Fedwatch Stats, and based on futures quotes, the odds of a December hike surged to 69.8% today, from 58.1% yesterday, and a mere 4.6% a month ago following last month's dismal jobs report.


US Dollar Index 15-Minute Chart



US Dollar Index Monthly Chart



The last monthly close above 100 was in 2003.

Mike Shedlock