Market Review 22/10/2021

October 22, 2021


EUR/USD has been trading within the range of 1.1540 and 1.1685 over the past few weeks currently meeting matching the price of its 200-period Moving Average. Traders will likely be monitoring today’s PMI (Purchasing Managers’ Index by Markit Economics) data releases on the Eurozone, as these have been declining after the 15-year peak from July.



Currency Heatmap

The Currency Heatmap shows how the Australian Dollar seems to have gained momentum positioning as the relatively strongest currency across the panel agains its major peers followed by the New Zealand Dollar, which has been taking that tittle over the last week. The US Dollar falls on the other side of the spectrum as the worst performer.




Gold seems to have gained momentum during this week after last Friday’s selloff. Price has been rising helped by a weaker US Dollar making the precious metal to trade avobe its 200-period Moving Average, currently up 1.50% for the week while this Market Review is being written. If this uptrend keeps strenghtening, we could see a test against the key level of USD/oz 1,800.




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Volatility has reduced significantly over the past week after peaking above 2,424 points a week ago. Its current levels (around 2,174 points) makes a reduction of approximately -10.31% in relation to last week’s maximum level.


Stocks to Watch

Earnings: Below are the stocks to monitor for the rest of the week will announce their earnings.

Friday, October 22, 2021
Country Stock EPS Forecast Revenue Forecast Market Cap. Time
US Honeywell   1.99   8.65B 153.12B Before Market Open
US American Express   1.77   10.54B 140.86B Before Market Open
US HCA   3.96   14.52B 79.61B Before Market Open
US Roper Technologies   3.83   1.61B 49.98B Before Market Open
US Schlumberger   0.3563   5.94B 48.3B Before Market Open
US VF   1.15   3.5B 28.86B Before Market Open
US Ventas   0.0488   914.66M 21.99B --
US Regions Financial   0.5259   1.56B 21.54B Before Market Open
US Royal Caribbean Cruises   -4.13   612.15M 21.51B --
US Seagate   2.21   3.11B 18.33B Before Market Open
US InterContinental ADR   0.2033   -- 12.61B Before Market Open
US Cleveland-Cliffs   2.21   5.69B 10.5B Before Market Open
UK InterContinental   0.2033   -- 9.14B Before Market Open
US Gentex   0.4013   445.43M 8.72B Before Market Open
US Autoliv   0.8197   1.89B 8.26B Before Market Open
US Boston Beer   4.26   531.88M 6.22B After Market Close
US Goodyear Tire & Rubber Co   0.2353   4.86B 5.36B --
US Altra   0.824   473.4M 3.63B Before Market Open
US Salisbury   1.5   11.8M 148.13M --
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