#OPINIONLEADER# #USDollarIndex#
ByScott Andrews
US index 07 07 2021
Morning market update:
The DXY moved to over 92.50 over night as buyers are still flowing in post NFP release, for the US data last night with the ISM Services PMI actual 60.1 missing the forecast at 63.5 this explains the situation nicely Anthony Nieves, Chair of the ISM Services Business Survey Committee added, “Challenges with materials shortages, inflation, logistics and employment resources continue to be an impediment to business conditions.” For today there is the JOLTS Job Openings released at 22:00 with the forecast at 9.31 and the previous being 9.286. The long bias is holding with the US dollar holding up strongly the FOMC minutes that will be released at 02:00 GMT+8 this Thursday and will help guide the plan for trading the US dollar.
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