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#OPINIONLEADER# Morning market update 27 07 2021: Key events from last night was the US New Home Sales missing forecasts of 800k coming in at 676k, and New Home Sales (MoM) (June) coming in at -6.6%. This saw the DXY pul back to 92.50 near the bottom of the recent range it's been trading in. Price did bounce here and currently we're seeing price at 92.60 with the next news at 20:30 GMT+8 tonight as Core Durable Goods Orders (MoM) (June) 0.8% forecast, Durable Goods Orders (MoM) (June) 2.1% forecast and CB Consumer Confidence (July) forecast at 123.9. Buying opportunities are present here with a time horizon for the FOMC meeting on Thursday morning at 02:00 although a more conservative approach would be to wait until the daily DXY candle closes on Thursday morning to get some more clear direction with a keen ear to what is mentioned by the Fed regarding the plan for tapering.
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