🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
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⏰ Event Time: Nov 5 10:00 – Nov 12 26:00 UTC
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Traders bet on the Fed's rate cut pace to exceed that of the European Central Bank
Golden Finance reported that the euro rose to its highest level in a year, with traders’ bullishness towards the euro reaching its highest level since the end of 2020, before the Jackson Hole annual meeting. The euro briefly rose to 1.1143 on Wednesday, the highest level since July 2023. The market expects Fed Chairman Powell to support their bets on interest rate cuts on Friday, with the expectation that the pace of Fed rate cuts in the coming months will exceed that of the European Central Bank.