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#OPINIONLEADER# Morning market update 08 10 2021 with LCMS Traders Pte Ltd: Risk on sentiment was back over night and this is currently holding up so far in this morning's Aussie session, although the US 10 year bond yield moved higher again over 1.55% whilst the DXY remained sideways at around 94.20. Oil was higher helping the USDCAD to make a move lower back to the 1.2500 area, make sure to catch the currency call today with the CAD pairs in focus. Last night the US had Initial Jobless Claims come out better than expected at 326k as anticipation builds on what the NFP result for September will be. There is chatter about over 500k and that would mean DXY strength most likely, again stay open minded if you are going to trade the result and have multiple plans to trade both sides in case the result is worse than expected. Also keeping the US 10 year bond yeild on watch for tonight as this will be especially relevant if the DXY pulls back in today's Asian and European session to the 94.00 level, for a wait on the NFP result tonight and if if beats 500k high chance of some strong USD moves.
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