#OPINIONLEADER#
Morning market update 23 11 2021:
Markets liked the Powell for Federal Reserve Chair nomination with the DYX getting a lift as well as equity markets. JPY weakness was the theme in the US session last night with the USDJPY jumping on that risk on sentiment, pushing over the 114.70 resistance level. Earlier this morning the NZD had Retail Sales & Core Retail Sales for Q3 both missing expectations dramatically. The long thesis on the interest rate decision tomorrow remains but flexibility needs to be had in case of a less than expected rise occurs with the RBNZ. The EURUSD moved below 1.2400 and is in focus on today's currency call with PMI data coming out at 17:00 GMT+8 today.
- 00:05:22
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