#OPINIONLEADER#
Morning market update 31 07 2021:
DXY ended the week over 92.00 with a small rally in equity markets to end the US session so a mild risk on sentiment although it seems that a pull back is coming given the significant up trend that has developed. For the US data Personal Spending (MoM) (June) beat expectations of 0.7% coming in at 1.0% and the Michigan Consumer Sentiment (July() came in at 81.2 with 80.8 the forecast, Chicago PMI (July) exceeded expectations significantly coming in at 73.4 with 64.6 the forecast. Overall the US dollar remains bullish with next week seeing the release of the Nonfarm Payrolls (July), Unemployment Rate (July) and Participation Rate (July) all coming out on Friday next week at 20:30 GMT+8.
- 00:07:46
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