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#OPINIONLEADER# Morning market update 30 11 2021 with LCMS Traders: Choppy session last night in the US with the DXY trying but not holding an early rally with the Pending Home Sales (MoM) (Oct) beating expectations dramatically at 7.5% v 0.9% expected. Joe Biden came out and announced no need for lock downs yet for the new variant of Covid helping to push equity markets green. Busy economic news day today already having the NZD ANZ Business Confidence (Nov) weaker than last month with -16.4% actual v -13.4% last month and AUD had building approvals out weaker than expected at -12.9% actual v -2.0% expected. China PMI data slightly beat expectations with no surprises and then coming up later today is the EUR CPI out at 18:00 GMT+8 tonight. For the US at 23:00 GMT+8 CB consumer confidence (Nov) is out with 110.9 expected and Powell and Yellen are also speaking at the same time. CAD GDP is out at 21:30 GMT+8 offering buying opportunities for the USDCAD if the data is weaker than expected at 0.1% for Sep.
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