GBPUSD up 5 days in a row. Can it climb higher? XION up 103% in past 24 hours.

Markets are pushing higher in tandem with rising expectations for a December Fed rate cut.

At the time of writing, Fed funds futures point to an 80% chance that the Federal Reserve - the world's most influential central bank - will lower US interest rates by a further 25-basis points next month.

The thought of a 3rd US rate cut in a row is lifting these assets:

• Bybit's SP500 index, which tracks the benchmark S&P 500 index, breached the 6800 mark for the first time in almost two weeks
• Gold (XAUUSD+) posted its highest intraday price since Nov 14th
• All G10 currencies, except the Japanese Yen, are strengthening against the US dollar, today

Trade Indices, Gold, and FX on Bybit MT5 - here.