Morning market update 22 10 2021:

Last night saw some pull backs after the DXY had been getting beaten down this week, in news the Initial Jobless Claims came in a bit better than expected 290k v 300k expected and the Philadelphia Fed Manufacturing Index (Oct) was slightly weaker than expected at 23.8 v 25.0. Overall markets just had a breather with no significant news out and some pairs recently going on a run the major are in wait for the DXY to either head back lower or show some strength as Fed Chair Powell is set to speak at 23:00 GMT+8 tonight. Core and Retail Sales are out tonight at 20:30 GMT+8 for the CAD with it being it focus in today’s currency call as well BTCUSD & ETHUSD which have had some really strong breakouts.

US 10 Year Treasury Bond Yield:

USD Index 22 10 2021:

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By Scott Andrews

Scott Andrews is an Australian based trend and swing trader using the daily, 4 hour and 1 hour time frames to trade the major Forex pairs. He has previously worked in China as a performance coach for their Winter Olympic Team at the time refining his trading skillset and building his trading capital. He runs a YouTube channel discussing his thoughts on markets as well as being the Account Manager & Team Leader (Australia) for ForexBriefcase. Recently Scott took on the role as Senior Trading Coach for LCMS Traders.

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