Analytics

News, Trends, & Analytics 17.11.2021

Inflation Day

Today the focus is on the UK, European, and Canadian CPI.

 

Calendar

7:00 UTC

The British Year-on-Year CPI for October. GBP may stay affected throughout the day.

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


10:00 UTC

European Year-on-Year CPI for October. EUR is impacted by inflation data.

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


13:30 UTC

Canadian Core Month-on-Month CPI for October. If the actual figure is higher than observers expected, CAD may rise.

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

 

News

Johnson&Johnson announced the coming split into two companies, pharma and consumer goods. Affects Johnson&Johnson


Apparent improvements in US-China relations helped European stocks reach new records. Affects Euro Stoxx 50


A Nigerian official said OPEC+ might face problems ramping up the oil supply. Affects Brent


Jobs in the UK were reported to rise against the lower expectations of the BOE. Affects GBP


The BOJ will review its approach in supporting regional banks in Japan. Affects JPY

 

Technical Analysis

Euro Stoxx 50

European stocks have been supported by the signs of improvement in US-China relations, which implies a better global investment climate.

The index is now close to crossing the 4,400 level, continuing its steady month-long uptrend.

Johnson&Johnson

Higher highs on this stock’s chart suggest it may rise to $170 soon.

USD/CAD

The pair is still in an uptrend and may reach 1.26 soon.

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