Morning market update 25 10 2021:
Friday didn’t bring much significant moves with Fed Chair Powell speaking with no dramatic change in his language regarding inflation and the time frame to commence tapering, with a mild risk on mood remaining in equities and has continued to start off the new week. Slow Monday for economic news with the DXY currently trading below 93.60. Tomorrow the US has the CB Consumer Confidence coming out at 22:00 GMT+8 and New Home Sales (Sep) also out at 22:00 GMT+8. Wednesday the AUD & NZD has news out and will be discussed in further detail in this morning’s currency call at 11am GMT+8. Both the AUD & NZD are holding their up trend with the DXY really lacking last week to bounce and will be a point of interest for the Thursday release of the GDP Price Index (QoQ) (Q3) at 20:30 GMT+8 to get an insight into how this quarter performed in the lead up to the end of year and inflation pressures persisting as Christmas demand comes in to strain supply chains further.
USD Index 25 10 2021:
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