Prop firm news

Market bets on a Fed rate hike on October 28: probability above 70%

According to CME FedWatch, market participants estimate the probability of a Fed rate hike at the October 28 meeting at above 70%. The case is historically exceptional: in October before US elections, the Fed has never once raised rates.

Euro at its lowest since July 28: Lagarde cooled bets on a rapid rate hike

EUR/USD on Monday touched 1.1350 - its lowest level since late July. The reason: ECB chief Christine Lagarde signaled that the regulator is in no hurry to raise rates, even though the market had bet on the opposite.