Post
· Views 385
#OPINIONLEADER# Morning market update 01 09 2021: The DXY buyers came back last night with the risk sentiment shifting slightly to risk off with end of month profit taking in equity markets. The EUR CPI came in better than expected and held up although the GBPUSD did pull back to the 1.37400 support level. In the US last night the Chicago PMI (August) slightly missed expectations at 66.8 and the CB Consumer Confidence (August) came in at 113.8 which missed the expectations of 124.0. This morning the AUD had the AIG Manufacturing Index (August) come out down on the previous month at 51.6 with GDP out at 09:30 GMT+8 a potential catalyst to either hold up the AUDUSD over 0.7300 or see it continue lower. Later today there is the GBP Manufacturing PMI released at 16:30 as the GBPUSD hovers over the 1.37400 support level. The EUR at 17:00 has the Unemployment Rate (July) as it’s recently broken out over 1.8000 and the OPEC+ Meeting commencing at 18:00. The US today has the ADP Nonfarm Employment Change , Manufacturing PMI and the ISM Manufacturing PMI’S building the case for the DXY long thesis as the NFP comes closer on Friday night.
  • 00:07:14

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

-THE END-