Morning market update 30 09 2021
Morning market update 30 09 2021
ByScott Andrews
SEP 30, 2021
Morning market update 30 09 2021:
King US dollar status remains after the DXY broke over 94.00 and pushed to the high of this year and approaching resistance at 94.55 as the 10 year bond yield moved over 1.50 even with Jerome Powell trying his best to reiterate the transitory inflation narrative in his speech last night. Significant moves happened over night with the majors weakening against the USD, at 14:00 GMT+8 the GBP has GDP which if it misses could see some more pain for the bulls and later tomorrow the US has GDP add into this the fuel shortage in the UK leading a great deal of uncertainty leading to a recent sell off with more to come if something doesn’t change soon here. For the US tonight at 20:30 GMT+8 there is GDP (QoQ)(Q2) expected to come out at 6.6% and then at 22:00 several FOMC Members are set to speak keeping the DXY firmly on watch to see if a pull back does take place or a break of 94.55 takes place.
USD Index 30 09 2021:
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