The expectations about interest increase is getting stronger

The expectations about interest increase is getting stronger by Fed in the March meeting. We can say, the global markets started to do pricing on the strong expectations about interest increase result from the March meeting of Fed. Besides the recent data calendar, the statements of Fed members and Fed President Janet Yellen were very important. In his Yellanian speech, Trump emphasized uncertainty about his policies. However, the fact that the institution has given its decision to raise interest rates based on economic data supports the expectation of March. When all these developments come together, we see that the March interest rate hike is priced at a maturity of more than 75 % on term end currencies.

Today, we will follow some important data from both European and American side on the global forex market. When we look at today, the construction sector PMI index and Euro Zone retail sector PMI data to be announced in Germany will be the forerunners for Euro investor. In the US, finalized durable goods orders for January will be announced. On the other hand; while the uncertainty about Trump policies continues, the often denied entry into the country about national security practices may come back to arguements today.