Two Sentence Traders

Dollar's breaking out right as rate hike odds creep up into Wednesday's FOMC

By rummy ·

$UUP is looking ominous to the upside with call gex building into Wednesday's FOMC, and now Citadel's own numbers have hike odds up to 40% for the decision. Doesn't feel realistic, a hike would be a shock nobody's positioned for, but the anxiety's real and it's showing up in the flow. Watch the dollar into Wednesday, a real breakout there is the tell that the market's starting to price this in for real.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.