News, Trends, & Analytics 09.11.2021

Jobs & Inflation

Today the focus is on German Christmas, Elon’s Twitter poll, and The Fed’s Plans.



10:00 UTC

The German ZEW Economic Sentiment for November will be released. Forecast: 20.0 If the data is lower than expected the EUR could see a negative push.

Assets to trade: DAX, EUR/JPY, EUR/USD



More than a year and a half after the COVID-19 pandemic ruptured the US job market in a historic fashion, huge gaps in employment and the labor force remain despite unprecedented demand for workers and a record number of vacant jobs. Affects USD

US Federal Reserve officials on Monday turned their focus towards a debate over interest rate policy that is likely to intensify in the coming months, with one top official saying the conditions for a rate hike could be met next year with job growth expected to continue and inflation already pushing beyond comfortable levels. Affects USD

German retailers are expecting Christmas sales to rise 2% to 111.7 billion euros ($129.06 billion) despite inflation, delivery problems, and a new wave of coronavirus infections. Affects DAX

Tesla Inc shares fell 4.5% on Monday as investors prepared for its chief Elon Musk’s proposed sale of about a tenth of his holdings in the electric-car maker following his Twitter poll. Affects Tesla


Technical Analysis


The Infrastructure bill that passed in the US has spiked the dollar against most currencies. However, there has been a strong surge in the GBP as the UK gets a hold on supply and Brexit issues.

The pair has shown a Bullish Engulfing pattern indicating a possible return to an uptrend.


The creditor has shown a Three White Knights pattern indicating a possibly strong uptrend.


The chart has shown a Bullish Engulfing pattern and the uptrend seems to have momentum.

Related posts

News, Trends, & Analytics 21.08.2019

The Italian Prime Minister accused Matteo Salvini of intending to cash in on his growing popularity. The head of the government also said that the dissolution of parliament would...