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Nearly 50/50 Chance of Fed Move in March

Dollar gains were reversed in a sudden, violent sell-off yesterday, but honestly the reasons are not clear to me. Some analysts mentioned that it was the negative comments Yellen made on economy and the treasury yields falling. But what I see in the last 48 hours is a steady chance increase of Fed hike in March, now being at about 50%. Another Fed official said yesterday that we might need more than 3 hikes in 2017. And let's not forget CPI that rocked!
So, why the markets are not rushing to st…
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Test of Euro Strength

The beginning of this week might not necessarily be slow. In a little while we are getting Sentix Investors Confidence data which is believed to improve but the real test of Euro strength will come tomorrow when German ZEW Economic Sentiment is released. EUR\USD was clearly supported at 1.0850 level but for how long?
And later today we have two high level performances which might steal the show: Fed's Fischer and Lockhart are due to speak today. No doubt the market participants will be tuned fo…
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It's not IF, it's WHEN - FED Vice Chairman Stanley Fischer

While Yellen's testimony in before Congers was certainly the biggest event last week, FED Vice Chairman Stanley Fischer stated in much simpler than Yellen words during his interview with CNBC that:
"We've gotten used to thinking of a zero interest rate as normal—it's far from normal,"
It's "about time" (to rise rates)
In regards to the term "patience" which replaced "considerable time" in FED forward guidance Fischer said: "it could happen, depending on the data, at any meeting."
Speaking at…
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