MBCC Trading Highlights 21st September- All eyes on the Fed tonight...

As we head into the Fed FOMC this evening, consensus expects 75 bps rate increase, but just 2 analysts expecting a 100 bps move. With all the talk on the Fed and the Dollar, the Chinese Yuan has recently made its move way past the magical 7 number and falling.

What will the Fed do? What is priced into Equities and Commodities right now vs. cross assets like Bonds/Rates/FX? Is the market sell off done here or more to go? How is positioning set up to be and what is the pain trade here?