By Scott Andrews
Morning market update 13 08 2021:
DXY remains happy holding around 92.90 as last night saw PPI (MoM) (July) come out at 1.0%, Core PPI (MoM) (July) at 1.0% both beating expectations and Initial Jobless Claims seeing 375k this week which was exactly as forecast. EURUSD sell trade remains open although it’s looking flat today news wise also noticable was the break down of the GBPUSD back below 1.3850 with the GDP figure coming out strong although the king US dollar thesis remains in place here now. Thought on the DXY direction for the next two weeks is a hold below 93.00 until the Jackson Hole meeting at the end of August. Although a watch on a break out through 93.00 earlier this month will heighten the bullish case for the US dollar and offering some trend continuation opportunities on the AUDUSD and GBPUSD.
USD index 13 08 2021:
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
