Morning market update 02 09 2021
Morning market update 02 09 2021:
DXY broke down to the 92.30’s with the ADP Nonfarm Employment Change (Aug) came out at 374K expected at 613k, although the ISM Manufacturing PMI (Aug) beat expectations coming in at 59.9 and US equities were flat. DXY rallied back to the 92.40’s and coming up tonight is the Initial Jobless Claims and Unit Labor Costs (QoQ) (Q2) both out at 20:30 GMT+8. With tomorrow night offering some significant catalysts to push the DXY higher it will be something to let play out and see how the daily candle closes to come in next week with some better directional bias established based on what the Fed has mentioned on tapering and this upcoming NFP release.
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