Trader Chat – FXWW Chatroom

Fully priced a Fed rate hike in the next six months .. even now he adds that Fed fund futures has 48% probability of Sept hike and 25bp hike fully priced for Dec. Sept probability still too low but clearly needs a decent payroll for May to confirm growth deceleration is not too marked. The recent mkt price action should be a warning to the Fed not to think about a 1st tightening in December given illiquid markets, never mind them trying to avoid being Scrooge. Dec FOMC meetings are one of the only months where history shows there is some seasonality against Fed tightening, and this should especially apply in current circumstances. 

Equities trying to rally back and view the large gain in medical care in the CPI as a normalization rather than a big warning sight.. wait untill all my medical spending hits in May.. spent my gas tax cut at the surgeons. 


Dutch Government Decides to Proceed With ABN Amro IPO still unwind it all.. Geithner interview saw him shaking his head that he never thought 6 years latter he would be involved in lawsuits saying they were too tough on the bailout .. (DB) 

BNP Paribas Said to Review Global Markets Business in U.K.: WSJ 14:48 
[BNP FP  56.88, +0.41 0.73%] 

BNP Paribas is reviewing its global markets business in the U.K., which may involve layoffs, Wall Street Journal reported, citing 3 unidentified people familiar with the plans. 
• Bank told about 100 global mkts employees this wk were “at risk,” according to 2 people familiar with the matter 

eurgbp i think lifted on this 

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