#OPINIONLEADER#
Morning market update 02 10 2021:
DXY pulled back in last night's session with the 10 year treasury bond yield moving back below 1.5%, safe haven treasuries demand increases with rising fears over inflation and slowing global economic growth. Uncertainty continues with the infrastructure bill with major issues with some democrats not seeing eye to eye with the 3.5 trillion package wanting it closer to 1.5 trillion, therefore leading to some increasing volatile markets with watch on equity markets to see if this small bounce is held up with US Congress needed to pass through the debt ceiling in order to avoid a government shut down and thus leading to a major risk off situation. Next week has NFP this Friday at 20:30 GMT+8 being a significant event for the Fed looking to taper in November if this NFP figure beats expectations.
Attached images are for the USD Index and Volatility S&P500 Index for 02 10 2021:
- 00:09:27
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