Morning market update 26 11 2021:

Hope all had a nice holiday and starting for today there is the AUD Retail Sales (MoM) (Oct) with an expected increase this month at 2.5% with the previous month at 1.3%. A potential quick buying opportunity is on offer here on the AUDUSD if the Retail Sales do lift higher than expected, if there is a bullish reaction on the lower time frames such as 1 min chart. Another slower session is expected for today as the US session end earlier at 01:00 GMT+8. The European session has the CHF GDP at 15:30 and at 16:00 GMT+8 ECB President Lagarde Speaks, although with the run higher on the DXY not over trend contination on the EURUSD & GBPUSD is the flow of least resistance for now.

US 10 Year Treasury Bond Yield 26 11 2021:


USD Index 26 11 2021:


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By Scott Andrews

Scott Andrews is an Australian based trader using the daily, 4 hour and 1 hour time frames to trade the major Forex pairs and the Australian stock market. 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 is the host of the daily currency call where he discusses his thoughts on markets as well as being the Account Manager & Team Leader (Australia) for ForexBriefcase. He can be found in the LCMS Traders Club Echofin platform offersing assistance to fellow traders as the Senior Trading Coach for LCMS Traders.

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