Morning market update 03 09 2021
Morning market update 03 09 2021:
DXY broke down overnight below 92.20 as the risk on sentiment train continued to chug along, the EURAUD sell trade remains open taken on Wednesday this week as well entry at 1.60854. Last night saw the Initial Jobless Claims came in slightly better than expected at 340k, Nonfarm Productivity (QoQ) (Q2) was 2.1% down on 2.4% expected and Factory Orders (Mom) (July) a slight beat at 0.4%. From an economic news perspective nothing significant came out from last night it seemed that markets were keen to make a final push to further extend the equities rally. Tonight brings ample opportunity as several of the majors are at key levels and will either result in the DXY bouncing on a bigger than expected NFP result or further weakness and further trends developing such as on the NZDUSD and EURUSD to the upside.
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