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Morning market update 30 07 2021

ByScott Andrews

 JUL 30, 2021

Morning market update 30 07 2021:

DXY failed to break over 92.00 and is currently trading at around 91.90 with a bullish risk sentiment remaining but the close of the US session suggests fatigue is their with equity markets. USDCAD offered a nice sell trade over night the US GDP (QoQ) (Q2) missed expectations at 6.5% and 8.5% forecast. Today there is EUR CPI (YoY) (July) at 17:00 GMT+8, CAD GDP (MoM (May) at 20:30 forecast -0.3%, the US has Personal Spending (MoM) (June) forecast 0.7% and the Michigan Consumer Expectations and Sentiment for July with expectations of 78.4 & 80.8 respectively. The US dollar will be closely monitored given the EURUSD approaching a significant resistance level and the GBPUSD recently broken out for clarity on whether we can see the DXY back of 92.00.