Fed funds flopped back under 20% implied probability for a september hike following Fed Kaplans comments.
In reality the spike higher in early US trading was largely uncalled for with Rosengrens comments not much of a real impetus for long term stability.
As previously mentioned USD trading is likely to remain choppy, im opting to buy yen and short SPX and keep...
Fed Kaplan unsurprisingly maintained the tune of his fellow members and kept the tone hawkish, with no mention of recent data undershoots but also interestingly on the hawkish side like the others failing to mention the record highs in the US Equity markets.
From here USD is in a tricky position, a open-close below the 2yr MA may signal a broader and more...
