What do the markets anticipate about the Fed rate hike?
The Fed June meeting will be June 14 to 15, today and tomorrow. The Fed decision could affect trading and investing directions significantly. There are many comments and forecasts about the Fed rate hike in June or July. Rather than paying attention to experts’ comments, the markets’ own behavior could be the best resource of telling us the rate high possibility.
Below are three charts with AbleTrend signals for futures of Gold, Crude Oil and 10 year note. All these three daily charts have up-trend. AbleTrend provides buy signal with blue bar and blue dot.
It seems that uptrends with these three markets do not reveal much possibility of a Fed rate hike this time. If U.S. interest rates were higher, then the US dollar would be stronger, the price of gold and crude oil would be lower, and US bonds price would also be lower. That’s why the markets are all telling us there is not much of a chance for the rate increase in June.
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With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com