I warned yesterday about the possibility of a US rate hike at next month’s FOMC Meeting and that argument gained further currency with the US CPI and core-Retail Sales printing double the market consensus. That has seen the OIS market lift pricing for a March rate hike to 48% from 37% a couple of days ago. Movements in other markets were more muted then what your scribe would have expected – perhaps suggestive that recent political events (Russian links to Trump’s election team and the resignation of Mike Flynn as National Security Adviser) may be weighing. Nevertheless, it seems a March rate hike is a distinct possibility.
To mark my 1275th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1/4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on email@example.com for details.
For anyone following my Platinum Service it made 115 points yesterday and is now ahead by 940 points for February having made 1734 points in January, 1351 in December, 1971 in November and 1582 in October. The previous four months saw gains of 1142, 1782, 1682 and 2550 points respectively. Since I started this Platinum Service in June 2015 it has averaged a monthly gain of over 1800 points.