Trump, also known as Old Bao 'Mr. Too Late', once again shows an urgent desire for interest rate cuts. Will he get his wish?
Clearly not possible, as interest rate cuts require support from multiple data points and cannot be made merely to cater to unreliable radical strategies.
As we enter June, the frequency of fluctuations has noticeably increased, and in the four-hour timeframe, we have been seeing a downward shift in highs since the new peak; the bears have not finished their work.
Tomorrow's non-farm payrolls represent a turning point, with positive ADP data, yet the large contracts are not rising but rather declining, which shows signs of fatigue.
Even if tomorrow's non-farm data is favorable, the upward momentum will inevitably be limited, leading to profit-taking, and if the data is unfavorable, the large contracts could experience a significant drop!
Key levels to watch below are 103000 and 101500!
