Disliked{quote} If there is a rate cut all hell will break lose. The market has priced 97% chance of no cut..... There wont be a cut, but if there is overly dovish statement and press conference then dollar could still move down and gold up. If the statement is the same as last one then very little movement, probably a continuation down for gold. If the GDP and unemployment figures surprise then that could move things. If powell looks like he is wavering or losing control it will be interesting. The number itself is a foregone conclusionIgnored
If Powell sounds too dovish or shaky, USD could drop and gold pump. If the tone matches last meeting, gold likely continues down. Any surprise in GDP/unemployment can shift things fast. The rate itself is baked in — it’s all about the narrative now.
`“Edge = Faith + Truth + Patience + Discipline + Execution.”`
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