Post
· Views 97
#OPINIONLEADER# Morning market update 15 10 2021: Last night the US PPI (MoM) (Sep) did come in under expectations at 0.2% and PPI (MoM) (Sep) also was a miss coming in at 0.5%. Initial Jobless Claims came in better than expected at 293K and the DXY breaking under 93.80 briefly then bounced to over 93.90 and equity markets rallied with a risk on sentiment remaining as we head into tonight's release at 20:30 GMT+8 for Core Retail Sales (MoM) (Sep) expected to be less than last month at 0.5% expected and if this misses could offer a lift to the DXY. Today's currency call has the CAD in focus that has Wholesale Sales (MoM) (Aug) coming out tonight at 20:30 GMT+8, CAD has held buying strength this week also WTIUSD is over $81 per barrel adding to the long bias whilst keeping the DXY on watch as it trades around the 94.00 level. Attached is the daily chart for the DXY and also the US 10 Year Treasury Bond Yield showing a slight decrease and a bearish indicator for the DXY overnight.

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

No comment on record. Start new comment.