15 billion option delivery, PCE data release, Federal Reserve Chairman’s speech, will the currency circle plummet?
1. The PCE data will be released at 8:30 tomorrow night. In fact, the expected data has already been released and will not have any impact.
2. Federal Reserve Chairman Powell will deliver a speech at 11:30 tomorrow night. There is a high probability that he will continue to insist on cutting interest rates three times this year.
In fact, the delivery of options will cause many novices to panic. There is no substantial negative, but there is an emotional negative!
The attitude of institutions has not changed, and they are still purchasing frantically. The release of PCE data and the speech by Federal Reserve Chairman Powell are actually the same old routine. The news is just a probing at best and does not affect the overall trend.
So we look forward to the arrival of new highs, but at the same time, we must also make plans to prevent the risk of pin insertion.
