Tonight (2:00 a.m.) the Federal Reserve’s September policy meeting is the biggest highlight, and the market expects a rate hike with a 90% probability.
• US stocks are slightly down overall; the Nasdaq fell 0.78%, while semiconductors rose slightly against the trend
• Geopolitical tensions are boosting commodities: Brent crude is up 2.75%, and gold closed slightly higher
• US Treasury yields are surging wildly: the 10-year yield hit the highest level since 2007; concerns about tighter liquidity are in full force
The market has already priced in this rate-hike negative news in advance. In my view, the probability that there will be no rate hike tonight is over 50%. The Fed is likely to wait until after the midterm elections to take action; the focus should be on the rate guidance/comments after the meeting.
$BTC
• US stocks are slightly down overall; the Nasdaq fell 0.78%, while semiconductors rose slightly against the trend
• Geopolitical tensions are boosting commodities: Brent crude is up 2.75%, and gold closed slightly higher
• US Treasury yields are surging wildly: the 10-year yield hit the highest level since 2007; concerns about tighter liquidity are in full force
The market has already priced in this rate-hike negative news in advance. In my view, the probability that there will be no rate hike tonight is over 50%. The Fed is likely to wait until after the midterm elections to take action; the focus should be on the rate guidance/comments after the meeting.
$BTC