December rate hike probability implied by futures is now around 70% (up from the recent 50-60%).
1) EURUSD broke out from the descending triangle and seems set to reach 1.0950-1.1100 area next.
2) Long-term (2004-2016) chart of 10-year US Treasury yields shows we reached the 2012 low, but are now turning higher. Previously the yield has occasionally risen a lot and quickly despite the down trend.
3) 2013-2016 chart suggests the yield might be going through something similar to the first half of 2015.
4) 6-month chart shows the yield is right now probably near short-term highs. The current apparent breakout above the September-high is just as meaningless as the September breakout above the summer highs was.
Story thus unchanged from https://www.tradingfloor.com/posts/us-jobs-preview-solid-report-expected-with-december-rate-hike-looming-8120472