Today the focus is on US economic data.
US Initial Jobless Claims. Forecast: 300K. If the actual figure is higher than the forecast, USD may go up.
Assets to trade: USD/CAD, EUR/USD, GBP/USD
BOJ Governor Kuroda said they want to see a stable JPY. Affects JPY
UK inflation is reported to have slightly dropped to 3.1% in September. Affects GBP
Apple has recently presented refreshed AirPods, MacBooks, and new HomePods. Affects Apple
Netflix shared a higher-than-expected 4.4M subscriber base increase in the last quarter. Affect Netflix
Procter & Gamble plans to raise prices on some of its key products due to higher costs. Affects P&G
Netflix reported a better subscriber growth dynamic than expected. 4.4M new users joined Netflix client base in the last quarter. That may push the stock price upwards.
Currently, Netflix trades under $650. We believe its upbeat client base outlook may push its stock price above this resistance level.
Brent’s uptrend seems to have taken a pause. While it’s consolidating under $84, beware of a downward reversal possibility.
Ethereum is approaching $4,000 once again. Very likely, it will break this resistance level soon.