Daily Alert – Tuesday 7th September 2021: Japan’s PM Suga gives me another 1.7%

Mark NugentDaily Alert, Sept 2021

Daily Alert – Tuesday 7th September 2021: Japan’s PM Suga gives me another 1.7%

Good morning traders.

Risk sentiment is a bit indecisive/slightly risk-on as we await the return of the US after yesterday’s Labor Day holiday.

My second bite at Japan225 long ran out of steam last night and I got out for a second gain of around 1.7%.

Early this morning, China Trade Balance beat expectations on a USD-basis. It did not look as clever on as local currency-basis, however.

The Reserve Bank of Australia kept rates unchanged as expected. They maintained their plan to taper, but at a slower rate than previously indicated, blaming the delta variant for the still-hawkish-just-not-as-hawkish stance.

Today I will be looking for equity pullbacks, WTI breaking out of its box and strong sentiment to allow JPY trading. In addition, my eye has been drawn to the EUR. I explain it all in the video.

See you tomorrow.

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