Congress building close up by Mesut Dogan via iStock
Hello everyone, I hope you had a wonderful weekend.
We have a very important rate decision coming up, and markets are in a clear “wait and see” mode. Rate cuts are heavily priced in, but the real question is what the Fed will deliver during the press conference. Because of that, we could see some dollar rebound in the short term, but overall dollar weakness and stock market strength remain clearly visible on the charts.
If we get a retracement, it could offer some nice opportunities to join the broader trend.
Good luck, and talk to you soon.
GH
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