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#OPINIONLEADER# Morning market update 16 11 2021: NY Empire State Manufacturing Index (Nov) came out higher then expected at 30.90 and the EURUSD breaking down below 1.1400 the EUR GDP out at 18:00 GMT+8 with no change expected for MoM & YoY. For the US the Core & Retail Sales come out at 21:30 GMT+8 with higher sales expected, on the DXY it's currently trading close to 95.50 pull backs are being bought up still given the increasing concerns on inflation not getting back under control. The bullish thesis still remains with a target of 96 in place for the DXY as mentioned in the trade call last night staying with the trend on the majors is the easier trade and waiting for the key levels to be tested and broken offers higher probability trades.

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