Market Review 14/10/2021

October 14, 2021

EUR/USD

The 1.1540 level seems to have consolidated as a new support for now as the pair has bounced back above 1.1600. Increasing concern over inflation may be playing a role in this Dollar weaking, though the Federal Reserve staff keeps expecting to be “transitory”. We keep the 1.1900 figure as our strong resistance.

 

 

Currency Heatmap

The Currency Heatmap displays a generalized weakening of the US Dollar against almost all major currencies. New Zealand Dollar keeps proving itself as the strongest across the panel, followed by the Canadian Dollar, the Japanese Yen, and the Hong Kong Dollar.

 

Gold

The precious metal broke out above USD/oz 1,766, which had been the upper level of its trading range for the past two weeks. This had been tested by the price three times over this period. It looks that the price is approaching the key psychological level of USD/oz 1,800, a price last traded a month ago. It seems that the US Dollar weakness caused by the increasing concerns about the “transitory” status of inflation has lifted the price, as investors might still see the precious metal as an inflationary hedge.

 

 

 

*Source Investing.com Calculator

 

Volatility has picked back up supported by the strong price movement of the last two days, reaching new maximum levels in a month around 2,427 points. The overall look shows an uptrend that has been gaining momentum over the last month.

 

Stocks to Watch

Earnings: Below are the stocks to monitor for the rest of the week will announce their earnings.

Wednesday, October 13, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US JPMorgan (JPM)   3   29.86B 497.95B Before Market Open
US BlackRock (BLK)   9.6   4.82B 127.8B Before Market Open
US Infosys ADR (INFY)   0.1678   3.94B 93.92B Before Market Open
US Wipro ADR (WIT)   0.0699   2.6B 47.23B Before Market Open
US Delta Air Lines (DAL)   0.1614   8.41B 27.54B Before Market Open
UK Just Eat Takeaway (JETJ)   -   - 11.53B --
US 888 Holdings (888)   -   - 1.47B --
Thursday, October 14, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Taiwan Semiconductor (TSM)   1.04   14.84B 531.47B --
US Bank of America (BAC)   0.7075   21.65B 368.4B Before Market Open
US Wells Fargo&Co (WFC)   0.9953   18.22B 197.11B Before Market Open
US Morgan Stanley (MS)   1.69   13.93B 177.51B Before Market Open
US Citigroup (C)   1.74   17.06B 145.28B
US Domino’s Pizza (DOM)   -   - 13.01B --
Friday, October 15, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Honeywell (HON)   2   8.67B 148.64B --
US Goldman Sachs (GS)   10.11   11.72B 124B Before Market Open
US Truist Financial Corp (TFC)   1.09   5.52B 80.4B Before Market Open
UK Schroders (SDR)   -   - 8.97B --
UK Hargreaves Lansdown (HRGV)   -   - 6.92B --
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