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Better chances of Fed rate hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The US stocks edged up on Friday on strong labour market statistics. The November Non-farm Payrolls exceeded forecasts amounting to 211’000. Unemployment is the lowest in 7.5 years at 5%. Investors believe such strong data will help the Fed hike the rates on its next meeting on December 16. The fed funds futures are currently pricing in a 78% chance of a Fed rate hike. The JPMorgan Chase stocks edged up 2.3% after the European antitrust regulator partly dismissed the charges against the bank.

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