CME FedWatch Tool adds Central Bank Watcher, Interest Rates, Data APIs, and APIs & SDKs coverage that FX Replay skips.
VOL. XCIV, NO. 247
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Sunday, October 19, 2025
Head-to-head
CME FedWatch Tool vs FX Replay comparison
Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.
Quick takeaways
FX Replay includes Backtesting, Paper Trading, Risk Metrics (VaR/ES/Drawdown), and Monte Carlo categories that CME FedWatch Tool omits.
CME FedWatch Tool highlights: Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view..
FX Replay is known for: Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols., Data sources: Dukascopy & OANDA for FX; CME for futures., and Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery)..
CME FedWatch Tool
cmegroup.com
Official CME probabilities for upcoming FOMC decisions, derived from 30‑Day Fed Funds (ZQ) futures. Web tool provides meeting‑by‑meeting probability matrices, comparisons over time, a historical download, and a Dot Plot view. A paid REST API is available for programmatic access. CME documents the probability‑tree methodology clearly; API snapshots update on business days at ~01:45 UTC. Media usage asks attribution to “CME FedWatch.”
Platforms
Web
API
Pricing
Free
Subscription
Quick highlights
- Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
- Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
- Fed ‘Dot Plot’ chart plus table view.
- One‑click PDF generation of the current page and Excel downloads for historical probabilities.
- Transparent methodology: unconditional probabilities via a binary probability tree built from implied EFFR, assuming 25 bp step sizes.
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FX Replay
fxreplay.com
Browser-based replay & manual backtesting platform for FX, futures (incl. CME), crypto, and commodities. Distinctives include seconds-level data on select markets, multi-chart layouts (up to 16), multi‑asset sessions (up to 5 instruments), analytics with Monte Carlo & RR simulators, a journal/checklists, and an economic calendar (plan-limited country coverage). Paid plans include a 5‑day free trial.
Categories
Platforms
Web
Pricing
Free
Subscription
Quick highlights
- Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols.
- Data sources: Dukascopy & OANDA for FX; CME for futures.
- Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery).
- MultiPair sessions (backtest up to 5 assets simultaneously).
- MultiChart layouts (up to 16 charts).
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Overlap
Shared focus areas
2 overlapsMutual strengths include Data Visualizations, and Calendar.
Where they differ
CME FedWatch Tool
Distinct strengths include:
- Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
- Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
- Fed ‘Dot Plot’ chart plus table view.
- One‑click PDF generation of the current page and Excel downloads for historical probabilities.
FX Replay
Distinct strengths include:
- Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols.
- Data sources: Dukascopy & OANDA for FX; CME for futures.
- Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery).
- MultiPair sessions (backtest up to 5 assets simultaneously).
Feature-by-feature breakdown
| Attribute | CME FedWatch Tool | FX Replay |
|---|---|---|
Categories Which research workflows each platform targets | Shared: Data Visualizations, Calendar Unique: Central Bank Watcher, Interest Rates, Data APIs, APIs & SDKs | Shared: Data Visualizations, Calendar Unique: Backtesting, Paper Trading, Risk Metrics (VaR/ES/Drawdown), Monte Carlo |
Asset types Supported asset classes and universes | Futures | Currencies, Futures, Commodities, Cryptos |
Experience levels Who each product is built for | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Platforms Where you can access the product | Web, API | Web |
Pricing High-level pricing models | Free, Subscription | Free, Subscription |
Key features Core capabilities called out by each vendor | Unique
| Unique
|
Tested Verified by hands-on testing inside Find My Moat | Not yet | Not yet |
Editor pick Featured inside curated shortlists | Standard listing | Standard listing |
Frequently Asked Questions
Which workflows do CME FedWatch Tool and FX Replay both support?
Both platforms cover Data Visualizations, and Calendar workflows, so you can research those use cases in either tool before digging into the feature differences below.
Do CME FedWatch Tool and FX Replay require subscriptions?
Both CME FedWatch Tool and FX Replay keep freemium access with optional paid upgrades, so you can trial each platform before committing.
How can you access CME FedWatch Tool and FX Replay?
Both CME FedWatch Tool and FX Replay prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.
What unique strengths set the two platforms apart?
CME FedWatch Tool differentiates itself with Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view., whereas FX Replay stands out for Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols., Data sources: Dukascopy & OANDA for FX; CME for futures., and Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery)..
Keep exploring
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Overlap: Data APIs, Calendar, and Data Visualizations.
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Overlap: Data APIs, APIs & SDKs, and Central Bank Watcher.
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.