Morning market update 15 09 2021:
Core CPI (MoM) and CPI (MoM) came in slightly under expectations seeing the DXY pull back, although that was short lived rallying back to over 92.50 although was subdued with the risk sentiment remaining risk off as the AUDUSD short and EURAUD long trades remain open. Today is a busy economic news day with the GBP having CPI out at 14:00 GMT+8 and the CAD has CPI as well released at 20:30 GMT+8. Markets remain unsteady with the DXY not getting a big push higher or lower after the inflation data with risk sentiment still unclear with a quieter day for US economic news therefore this sideways DXY movement could well continue until tomorrow night’s Retail Sales comes out at 20:30.
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