FED PIVOT RESULT AT 8:00 PM!
The consensus is leaning towards a 61% chance of seeing two rate cuts at once, amounting to 50 basis points.
If this holds until tonight, it's not bad news, because if the majority expects two cuts and that's what happens, we’re doubly winning.
The DXY continues its downward trend steadily, which shows that investors remain confident despite tonight’s FOMC and the FUD from many people.
Next, the goal is, of course, to reach and break through 100, triggering major FOMO on RISK-ON assets, which, as always, will lead to a huge influx of liquidity.
