Today's ADP data hinted that we should expect strong NFP figures again on Friday, which seems to be quickly heating up pessimism. The rate decision is in 1 hour 30 minutes and Powell's press conference is in 2 hours. Since there's no sign of positivity on the horizon, there's a chance we could drop a bit lower during this time. Be careful with rebounds ahead of today's events, they can often be misleading...
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