The main event today will come this afternoon with the conclusion of the March FOMC, the Fedlines, a SEP and another Powell presser. The reaction in the PMs later today and tomorrow is likely to dictate whether we continue to move higher a while longer or begin to consolidate and pull back ahead of the usual end-of-month shenanigans.
We discussed the pending shenanigans to some extent in your Tuesday podcast but here’s a list:
- Friday is monthly NYSE option expiration
- Next Wednesday is Comex option expiration where the Apr25 gold is the front month
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