German Factory Manager Purchasing index dropped to the seven years low.
Low inflation and bank crisis.
40% probability of the cut 10 Bps this week and next cut till end of the year
FOMC next week potential cut from 2.5 to 2.25
COT DATA – Banks are bearish, we could see the potential short term rally if they will not cut the rates today, but long term banks are positioned for big downtrend.
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