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Wednesday will definitely be an extraordinary day!
The first is the first presidential debate between Trump and Harris, which will undoubtedly affect the nerves of the entire financial market, especially in the Crypto Assets field. The showdown between Trump and Harris will directly determine the result of the polls. However, from the data forecast, it should not be the last presidential debate before the election results on November 5th, with a high probability of another one.
The second is the CPI data at 8:30 p.m., and last week's employment data, which essentially belongs to the Tai Chi with the mud, while this CPI data will largely determine the rate cut on the 18th of the Federal Reserve, which is very critical. From the current correlation between crude oil futures prices and 5-year inflation expectations, the result of this CPI data should be optimistic, and the downward trend in oil prices will drop the inflation expectations, bringing Favourable Information for the rate cut!
Wait and see!! The cycle is vast and mighty. Those who follow it will prosper, while those who resist will perish. The grand cycle has arrived, and cannot be reversed! Opportunities always favor the prepared! ๐ง