News, Trends, & Analytics 21.09.2021

Tapering Fears Rise

Today the focus is on Australian subs, Evergrande stoking fear, & central bank fears.



12:30 UTC

The US Building Permits data for August will be released. Forecast: 1.600M. If the data is lower than expected the USD could receive a negative push.

Assets to trade: NZD/USD, USD/SGD, USD/CAD



Asking prices for houses in Britain resumed their upward trend this month as buyer demand far outstripped the supply of houses coming to the market. Affects GBP

European shares fell to a near two-month low on Monday and Germany’s benchmark index sank 2%, as investors feared major central banks would start giving cues about tapering their pandemic-era stimulus programs at various meetings this week. Affects DAX

Australian Trade Minister Dan Tehan said on Monday he will seek a meeting with his French counterpart to ease tensions over Canberra’s decision to scrap a $40 billion submarine deal. Affects AUD

The volume of the European Central Bank’s bond purchases is becoming “less important” as the economic outlook improves and the money-printing scheme becomes a tool for guiding rate expectations, ECB board member Isabel Schnabel said on Monday. Affects EUR

European shares tumbled over 2% to a near two-month low in early afternoon trading on Monday as growing solvency worries about property group China Evergrande spooked investors, in a dour start to a week packed with meetings of major central banks. Affects EURO STOXX 50


Technical Analysis


German production, like much of the world, is suffering from supply shortages and investors have new concerns around tapering stimulus programs, though cases are on the rise. Fear and uncertainty are sending prices down.

The index has shown a bearish engulfing signal which led directly into a Three Outside Down pattern, but the downtrend may have trouble breaking the support zone.

Hang Seng

The Asian index has shown a strong downtrend with Three Black Crows before a slight pull back and continuation.

S&P 500

The US index has shown a Three Black Crows pattern which shows the strength in the downtrend as it approaches the support level.

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