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#OPINIONLEADER# Morning market update 23 12 2021 with LCMS Traders: Overnight the US had GDP Annualised (Q3) out which beat expectations 2.3% actual v 2.1% expected and Core Personal Consumption Expenditures (QoQ) (Q3) beat expectations coming in at 4.6% actual v 4.5% expected. Also for the US Consumer Confidence came out better than expected at 115.8 actual v 111.1 expected even with this the DXY was sold off and is trading close to the 96.00 support level. Later today at 21:30 GMT+8 there is the CAD GDP (MoM) expected at 0.8%, US Core PCE Price Index (MoM) expected to be 0.4% and then Durable Goods Orders (MoM) expected to be 1.9%. Tonight has several data releases so stay cautious and be mindful of the lower liquidity when holding trades as whip saws can happen quickly ending a profitable trade. Currently markets are still in a risk on sentiment although with this the last significant economic news day for the week we could see an end of week type market and with fewer traders at their desks plenty of volatility to be wary of.
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