Morning market update 24 09 2021
Morning market update 24 09 2021:
Choppy markets in last night’s session although this ended up seeing the DXY close to near 93.30 with equities nudging higher as the debt ceiling issue remains unresolved. And this may result in a delay to tapering this adds a high degree of uncertainty and as late October rolls around if not dealt with tapering delays could see some major whip saws on the DXY. From how markets have been reacting the Evergrande situation whilst still dynamic risk on sentiment remains with liquidity again added into the Chinese banks to keep the music going. US New Home Sales (Aug) were higher than expected coming in at 740k with 714k expected and next week offering some big economic news events later in the week it will be interesting to see if this rally continues on the DXY again caution required with shorter term trades our focus especially as the US congress is not a happy place for the debt ceiling causing high degrees of volatility.
USD Index 24 09 2021:
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