Good evening traders and investors,
Tomorrow is the big day as we will hear from the much-anticipated FED Chairman Jerome Powell as well as the Bank of Japan!
I expect Powell to be extremely hawkish tomorrow.
The market expects another 75 BPS hike and a 75 BPS is very bearish for the long term.
100 BPS hike would be a surprise and would cause panic
50 BPS would also be a surprise and could cause a bounce/rally