Morning market update 09 11 2021:
Sideways movement in fx markets over night with nothing substantial coming out of the speech from Powell, the US inflation data is coming out on Wednesday night at 21:30 GMT+8 to offer a catalyst to jump start the DXY either to the up or downside. From yesterday's currency call the AUDUSD remains a sit and wait until more weakness comes in after a small rally yesterday and the NZDUSD is over the resistance level at 0.71400 and looking like a buy trade soon, although will be waiting until at leas the commencement of the London session before possibly entering.
- 00:05:35
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