I would be very worried if I was longterm bull on US Dollar. After an excellent data coming out of US recently: Earnings, CPI, GDP or employment, we still see lack of Dollar strength. EURUSD has been slowly making a way up since the last FOMC meeting in December 2015.
Looking at FED WATCH I see further deterioration in probabilities of the rate hike this year. This is approx. 5th week with probabilities are being downgraded by futures market. At this stage the strongest is December with 55%.This is not enough. Yellen needs a miracle at this stage!
April is priced @ 5%. This is up from 3% prior week.
June is priced @ 19%. This is down from 22% prior week.
July is priced @ 31%. This is down from 35%prior week.
September is priced @ 39%. This is down from 42% prior week.
November is priced @ 41%. This is down from 46% prior week.
December is priced @ 55%. This is down from 56% prior week.
Is it time to dump $$$?
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