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#OPINIONLEADER# Morning market update 24 09 2021: The DXY returned back to the 93.04 support level and risk on sentiment remains with equities moving higher although 10 year bond yields are still elevated and therefore volatility will be something to really pay attention when looking to managing your positions. Last night saw the US PMI data come slight under expectations, price of oil pushed to over 73US per barrel and the Initial Jobless Clams came in slightly higher than expected at 351k claims compared with 320k expected. Stay tuned for today’s currency call on the CAD and Crypto with last night seeing the CAD beat Core Retail Sales and Retail sales. Combined with the USDCAD trading below the 1.26553 resistance level and as I write this price is moving back up to test this level potentially offering selling opportunities if the price of oil continues to move higher. The AUDUSD has seen some buyers come in hovering around 0.7300 and will be on watch today to see if this can be sustained as the Aussie equity markets open in less than an hour. For the US news to be on watch today at 22:00 GMT+8 this evening the Fed Chair Powell is speaking and FOMC Members Bowan & Clarida are also speaking at 22:00 also, therefore be prepared on some possible whip saws and give thought to exiting before the release to avoid surprises.
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