Analytics

News, Trends, & Analytics 21.10.2021

Corporations are Reporting Earnings

Today the focus is on US economic data.

 

Calendar

12:30 UTC

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

 

News

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

 

Technical Analysis

Netflix

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

Brent’s uptrend seems to have taken a pause. While it’s consolidating under $84, beware of a downward reversal possibility.

Ethereum

Ethereum is approaching $4,000 once again. Very likely, it will break this resistance level soon.

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