#OPINIONLEADER#

By Scott Andrews

 MAY 3, 2021

USD index 03 05 2021

On Friday’s US trading session we saw the US dollar strengthen and close above 91, 90.80 was broken and no sell trade was taken as I always wait for the price action to confirm a trade before getting in. Inflation concerns were the theme on Friday with the release of personal consumption expenditure and core prices rose higher than expected increasing to 0.4% for the month 0.1% higher than expected. Also to be noted that headline inflation rose 2.3% compared with 1.5% over the previous year, bond yields were slightly lower therefore this move higher on the US dollar in my opinion can be taken as a short term move higher.

Stay tuned for this morning’s currency call for the latest update for the US dollar from 11 am GMT +8 on zoom and Spotify

Monday: AUD & NZD

Tuesday: EUR

Wednesday: GBP

Thursday: JPY & Gold

Friday: CAD & Crypto’s

Time: 11am (GMT+8 Singapore, Malaysia, Philippines)—-

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