It should be said that spot is still popular
People with a lot of surplus
For spot, I dare to go in with a heavy position now, but I don’t dare to go for contracts because tomorrow night is the CPI announcement and interest rate meeting. The market avoids risks before the important data is released (due to the pessimistic expectations brought by non-agricultural, the overall market sentiment is very sluggish)
The data and the attitude of the Federal Reserve are particularly important
If CPI falls + the Federal Reserve is dovish, then the bottom will rise sharply, and the current price will be a hot commodity
On the contrary, it will be more uncomfortable.
The most worrying thing is that the expectation of interest rate cuts will change from September to November, and then the cottage will be a long torture
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