📈📉
‼️🚨News🔔🔔🔔🔔
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🔔 Markets are awaiting the minutes of the September meeting to learn the Fed members’ views on inflation and interest rates. At 9:00 Saudi time
💵 The dollar has returned to putting pressure on the market, gold, and metals, due to the continued rise in U.S. 10-year bond yields and tensions in the Middle East.
‼️ The market will be watching the minutes:
⏏️ Will the Fed be concerned about declining employment, and therefore avoid signaling a rate hike, causing the dollar to fall?
⬅️ Or will it remain concerned about inflation and call for a rate hike in October, causing the dollar to rise further?
✔️ We expect a split among Fed members, with a slight tilt toward those calling for a rate hike. This would provide some support for the dollar, but not much.
🍻 Gold and the Fed minutes:
🔼 A hawkish tone may support the dollar and yields 🔽 and weigh on gold.
⬅️ A cautious approach and waiting for data may boost expectations that rates will remain unchanged and support gold.🔼#btc
‼️🚨News🔔🔔🔔🔔
❗️❗️❗️❗️❗️❗️
🔔 Markets are awaiting the minutes of the September meeting to learn the Fed members’ views on inflation and interest rates. At 9:00 Saudi time
💵 The dollar has returned to putting pressure on the market, gold, and metals, due to the continued rise in U.S. 10-year bond yields and tensions in the Middle East.
‼️ The market will be watching the minutes:
⏏️ Will the Fed be concerned about declining employment, and therefore avoid signaling a rate hike, causing the dollar to fall?
⬅️ Or will it remain concerned about inflation and call for a rate hike in October, causing the dollar to rise further?
✔️ We expect a split among Fed members, with a slight tilt toward those calling for a rate hike. This would provide some support for the dollar, but not much.
🍻 Gold and the Fed minutes:
🔼 A hawkish tone may support the dollar and yields 🔽 and weigh on gold.
⬅️ A cautious approach and waiting for data may boost expectations that rates will remain unchanged and support gold.🔼#btc