Markets are wrong about the Fed rate hike path says Oanda’s Craig Erlam

Craig Erlam, Senior Market Analyst at Oanda talks about a host of issues facing markets in the run up to Christmas.

The most important of them is whether the Fed would hike rates in December? Erlam agrees with the market on this one. He says, the Fed would hike rates in December, but adds, “The markets are wrong about the Fed rate hike”.

Erlam sees a potential for two or more Fed rate hikes in 2017, while the markets are forecasting only one rate hike next year.

Watch the full segment to know the rationale behind Erlam’s hawkish view and its impact on gold

Other key questions answered on this segment are - Will the yellow metal hold above $1200/Oz levels? What to look out for in today’s UK autumn statement? What’s brewing in the GBP/USD pair? Will a potential OPEC deal result in a more sustained oil rally? All in all, a ‘complete’ segment for traders/investors… hosted by presenter Zak Mir.

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