Morning market update 08 09 2021:
DXY rallied last night after US equities pulled back with a risk off sentiment coming into the market, the EURUSD sell trade is still open on Monday after with an entry at 1.1864 and a take profit at 1.804 also the stop loss remains at 1.1894. This was left in place given the GDP release that beat expectations although buying was lacking. Today see's the Bank of Canada Interest Rate Decision and the Rate Statement coming out at 22:00 GMT+8, also at the same time the US has the JOLTs Job Openings (July) expected to be 10.00 million. For the Bank of Canada Interest Rate Decision check out this video from Gim Hong https://www.youtube.com/watch?... on what to expect from the event. The Bank of Canada Press Conference has a tentative time frame on release stay tuned for updates and the GBP has the Inflation Report Hearings at 23:00. More insights into GBP will be discussed in today's currency call at 11:00 GMT+8.
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