Analytics

News, Trends, & Analytics 15.09.2021

US Consumer Price Growth Slows

Today, the focus is on British and Canadian Consumer Prices and Australian Employment Changes.

 

Calendar

12:30 UTC

Canadian Monthly CPI for August. If the data is lower than predicted, CAD may drop.

Assets to trade: USD/CAD, CAD/CHF, AUD/CAD


22:45 UTC

The New Zealand QoQ GDP for Q2. Forecast: 1.3%. If the data is higher than expected, NZD may gain value.

Assets to trade: GBP/NZD, NZD/CAD, EUR/NZD

 

News

Goldman Sachs plans to replace its current CFO by the year-end. Affects Goldman Sachs


US aircraft companies will receive $482 million to help survive the pandemic shutdowns. Affects Boeing


Amazon announced the introduction of new technology that allows visitors to enter Denver’s Red Rocks Amphitheater with a wave of the palm. Affects Amazon


The US auto safety regulator is digging into the autopilot issue after a Tesla vehicle crash. Affects Tesla

 

Technical Analysis

USD/JPY

The latest news of the slowing dynamics in US consumer prices may have caused the recent drop. However, from a larger perspective, the currency pair has merely descended to the bottom of the narrow horizontal channel it’s been in since the beginning of September.

Therefore, after a likely drop to the support of 109.60, USD/JPY will probably start climbing again.

Goldman Sachs

The upward wedge chart formation leaves Goldman Sachs’ stock price with a lot of space for rising further towards $420.

Amazon

Amazon’s stock price was deflected downwards at 3,500 and suggests that it may continue the downward trend.

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