Analytics

News, Trends, & Analytics 16.09.2021

Chinese Economy is Cooling

Today, the focus is on the ECB President’s speech and US Core Retail Sales.

 

Calendar

12:00 UTC

ECB President Lagarde Speaks. If the press conference brings a strong outlook for the Eurozone, EUR may rise.

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


12:30 UTC

US Core Retail Sales for August. Forecast: -0.1%. If the data is higher than expected, USD may gain value.

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

 

News

The EU plans to rely less on outside computer chip providers. Affects AMD


Apple held its yearly event Tuesday and presented new features of its products. Affects Apple


ECB reported an inflation spike in the EU. Affects EUR


PepsiCo revealed its “pep+” corporate transformation plan that may change its strategic standing amongst rivals. Affects Coca-Cola

 

Technical Analysis

Gold

Global investors may have found the slowing of the Chinese economy worrisome. That may be one of the factors that contributed to the rise of the gold price.

Currently, it’s moving back up after its recent drop to $1,800. As long as it confidently crosses this important level upwards, reaching the resistance of $1,830 should be a matter of the coming days.

AMD

AMD’s wedge chart formation suggests it may drop below the support of $103 soon.

Apple

Apple’s investors don’t seem to be much impressed by the company’s yearly event. The stock is at the channel’s bottom and may drop below $150.

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