The dollar peaked and broke down on October 1, 2019 10pm as Fed Fund Futures indicate a jump in probability from 39% to 62%. This was a good signal to go long EUR and buy the pullbacks on an hourly timeframe.
Probabilities of a 150-175 Target Rate on October 30, 2019
09/30/2019 0 0.395517
10/01/2019 0 0.62
10/02/2019 0 0.769655
10/03/2019 0 0.887241
Source: CME FedWatch Tool cmegroup.com/trading/interest-rates/countdown-to-fomc.html
Probabilities of a 150-175 Target Rate on October 30, 2019
09/30/2019 0 0.395517
10/01/2019 0 0.62
10/02/2019 0 0.769655
10/03/2019 0 0.887241
Source: CME FedWatch Tool cmegroup.com/trading/interest-rates/countdown-to-fomc.html
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.