Market outlook - September

Indices – Commodities – Crypto – Forex – Bonds September was dominated by the Fed's interest rate cut. Powell lowered interest rates by 0.25 basis points – the market had largely priced this in. While the dot plots show room for further cuts, seasonality remains a negative factor: historically, September is considered a vulnerable month for corrections. COT data points to a shift among institutional market participants, while the VIX suggests a bottoming out – a signal of rising volatility. The weak US dollar is boosting gold, which is in a clear uptrend, while Bitcoin remains structurally bullish despite sideways phases. From a technical perspective...