Fed March rate hike bets stand at 58%

FXStreet (Mumbai) - As per the CME Fed watch data, the Fed is seen moving rates only in March 2016.

The probability of a rate hike move in March 2016 stands at 58%. Meanwhile, October rate hike bets are at 5.7%, while the December rate hike bets stand at 35%.

The US durable goods orders report is due for release today. Corporate spending as represented by the durable goods orders is seen falling 1.3% in September, following a 2.3% drop in August. Durable goods ex-transportations is seen stalling.

AUD/USD could test 0.6940 medium term – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could slip towards the 0.6940 area in the medium term...
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