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Market Analysis

October, 2021

  • 26 October 2021 10:16 pm

    USD/CHF hovers around 0.9200 after failure at 0.9225

    The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …

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  • 26 October 2021 9:38 pm

    Bank of Canada faces challenges on surging inflation

    The Bank of Canada will continue pulling back its stimulus that has been in place to support the economy at a policy decision this week, paving the way for the start of interest rate increases next year amid inflation concerns.Governor Tiff Macklem is expected to reduce weekly government bond purchases …

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  • 26 October 2021 9:29 pm

    Eurozone banks raise bar for mortgages in Q3

    Eurozone

    A European Central Bank survey showed on Tuesday that Eurozone banks tightened access to mortgages in the three months to September and expect to continue the same rule in the Q4 of 2021.ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the …

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  • 26 October 2021 9:19 pm

    EU official: Brexit an economic catastrophe for UK

    European Commissioner for the Internal Market Thierry Breton said Tuesday that the decision to leave the European Union has resulted in an economic catastrophe for Britain. Breton‘s statements came during an interview with French broadcaster BFMTV.“Look at what’s going on with store shelves … with the restocking of fuel … …

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  • 26 October 2021 8:25 pm

    Lockheed Martin shares surge by 11.4% amid supply chain issues

    Lockheed Martin shares surged by 11.4% Tuesday as the defense equipment manufacturer lowered its 2021 revenue guidance after supply chain issues kept its Q3 figures behind expectations.The maker of F-35 fighter jets cut its 2021 revenue expectation by 2.5%, to $67 billion, and said next year’s revenue could fall to …

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  • 26 October 2021 8:05 pm

    S&P 500 hits record high on tech strength, earnings optimism

    The S&P 500 Index hit a record high on Tuesday over the positive earnings of Tesla, Nvidia and other Tech companies, while upbeat results from UPS and GE raised optimism around the earnings’ season.Tesla rose 5.4%, extending a record round that helped the electric carmaker surpass $1 trillion in market …

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  • 26 October 2021 7:53 pm

    Oil prices surge and could break $100/Bbl

    Oil prices surged Tuesday, near multi year highs as the market remains tight given increasing fuel demand due to cold weather, particularly in the U.S., and only gradual increases in supply.U.S. crude futures were up 0.5% at $84.16 a barrel, while Brent futures were up 0.4% at $85.50 a barrel. …

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  • 26 October 2021 7:06 pm

    U.S. consumer confidence improves in October

    The index of U.S. consumer confidence rose to 113.8 in October from a revised 109.8 in September.The index has risen in October for the first time in four months, since June to 113.8 as concerns around the delta variant eased.The Conference Board’s index advanced to 113.8 from an upwardly revised …

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  • 26 October 2021 6:24 pm

    Market Drivers – European Session 26-10-2021

    During the currency market’s trading today, Tuesday, the New Zealand dollar recorded strong profits and was the most profitable major currency by about 1.63%, benefiting from some positive developments in the currency market, which positively affected its trading, especially the statements of New Zealand Reserve Governor Adrian Orr. During his …

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  • 26 October 2021 6:19 pm

    US: New Home Sales Surge by 14% in September

    New Home Sales in the US surged by 14% in September compared to a contraction of 1.4% in August, the data published by the US Commerce Department revealed on Tuesday. This reading surpassed the market expectation for an increase of 1.5% by a wide margin. the median sale price rose …

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  • 26 October 2021 5:52 pm

    US Indices Rise on Corporate Results

    US stock futures rose in morning trading on Tuesday as investors awaited a streak of major technology gains as the broader market hit a record high, and Dow Jones futures rose nearly 114 points. The S&P 500 and Nasdaq 100 futures were also trading solidly in positive territory.The shares of …

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  • 26 October 2021 4:47 pm

    UK CBI Retail Sales Balance Improves to 30 in October

    The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September. the Sales Expectations Balance advanced to 35 for November, compared to 29 for October. Finally, the stock levels in relation …

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  • 26 October 2021 3:56 pm

    Facebook’s Profits Exceed Expectations… But

    Facebook Inc. announced better-than-expected results during the third quarter of this year, but revenue and the number of active users failed to meet estimates. The results of the business of the company that owns the social networking site revealed that the net profit amounted to 9.19 billion dollars in the …

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