The final battle of the US election next week may trigger a nuclear-level warning. The bullets of the dollar bulls are "fully loaded". With the worst non-farm payrolls in nearly four years, the expectation of a 25 basis point interest rate cut by the Federal Reserve next week is almost fully fired. The market focus next week includes the US election, the Federal Reserve's interest rate decision and the Bank of England's interest rate decision. The US will hold the 2024 presidential election starting next Tuesday. Many major polls still show that Trump and Harris are evenly matched.
Timeline of key events:
Tuesday: Voting for the 2024 U.S. presidential election begins, with the competition between Trump and Harris evenly matched and market expectations tense.
Wednesday: The Bank of Japan releases the minutes of its September monetary policy meeting (07:50); the U.S. Treasury Department announces its bond issuance plan for the new quarter (21:30);
Friday: Federal Reserve interest rate decision (03:00), the market generally predicts a 25 basis point rate cut; Federal Reserve Chairman Powell’s press conference will be held afterwards, which may reveal the future direction of monetary policy.
