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U.S. stock market opens, Powell's speech, a series of news hits, and tonight is destined to be quite volatile. The current dip may be due to Zijin withdrawing emergency hedging.
Personally, I think Powell may not clearly indicate support for interest rate cuts or oppose them tonight, possibly leaning towards a black swan event. I also believe that there shouldn't be a one-sided move tonight; there will be fluctuations up and down. As for the amplitude of the fluctuations, the news will only determine the direction, not the volume.
However, everything has to be decided based on inflation data and the current economic situation. Let's all wait and see #杰克逊霍尔会议 #美国初请失业金人数