At three o'clock tonight, the global currency circle has to keep an eye on Powell! The Fed is going to cut interest rates again, and 25 basis points is basically a certainty, but the focus is on the wave of "hawkish interest rate cuts", while cutting interest rates to save the economy, while giving harsh warnings.

The impact on the currency circle, in the short term, from tonight to tomorrow morning, be wary of "good landing and bearish", Lao Bao Ruo hinted at a pause, the possibility of short-term diving is high, and the contract party is ready. In the medium term, pay attention to the balance sheet, and may restart the disguised release of bond purchases, which is liquidity fuel.
Tonight's script is likely to cut interest rates and hawkish statements to cause market shocks, but the loosening of the faucet in the medium and long term is the underlying logic. The cow is still there, squat, do you take profits or take the dip?