Morning market update 24 11 2021 with LCMS Traders:
MIld risk off sentiment in the US session with tech sector pulling back the most and the DXY holding near 96.50, the Markit Composite PMI (Nov) came in slightly better than expected and Services PMI came out worse than expected. President Biden spoke very early this morning at 03:00 GMT+8 with very little market reaction, main news event for this week is coming up later today at 21:30 GMT as the US GDP is released, at 23:00 GMT+8 Core PCE Price Index, PCE Price Index are out also and Personal Spending. Very early tomorrow morning at 03:00 GMT+8 the FOMC Meeting Minutes will be released leading into the US holiday for Thanksgiving Day, therefore expect volatility around tonight with a lot of news coming out.
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