Market Update 03/08/2021

August 3, 2021


Following the FED’s interest rate decision to keep the rate unchanged we have seen a weaker Dollar, the EURUSD pair has recently tested the 1.1900 handle during the last trading week. Going forward we may see the pair visit the support level around the 1.1850 area before retesting the 1.1900 level. The next area of support stands around the 1.1795 level, with our strong resistance in the 1.1760-1.1752 range. If we see the 1.1900 broken the pair should start to gain some upwards momentum and move towards the resistance at 1.1960.



Daily Currency Heatmap

On the Daily currency Heatmap we can see that the Canadian Dollar weakness continues from last week, as well as the US Dollar weakening over the past week. The New Zealand Dollar is showing the most strength against the other pairs, in the recent days.




Last week following the US Interest rate decision there was a short-term movement to the upside, with gold reaching but unable to break the $1832 resistance. Gold is still currently trading around the $1810 price level; the precious metal is now ranging between the $1832 & the $1792 boundaries. The $1795 - $1792 area serves as our short-term support. The key level of resistance is the $1832 level; a break of this may see gold rise to the $1850 - $1862 range. Our strong support is still in the $1750-$1747 area. I believe the short-term future direction of the Gold depends on which side of the range will be the first to give in.



*Source Calculator


In the above table we can see that last week as expected we saw a change in the downward trend with a slight increase in the gold volatility against the US dollar, this occurred during the buildup to the FED’s Interest Rate Decision. Since then, this week the market seems to have digested this news and we may see the volatility to continue the previous trend.

Stocks to Watch


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

Tuesday, August 3, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Amgen (AMGN)   4.09   6.46B 137.77B After Market Close
US Activision Blizzard (ATVI)   0.7549   1.89B 64.31B After Market Close
UK BP (BP)   0.0968   38.53B 60.48B Before Market Open
US LYFT (LYFT)   -0.2392   699.13M 18.44B After Market Close
UK Johnson Matthey (JMPLY)   --   -- 7.93B --
UK Fresnillo (FRES)   0.45   1,430M 6.08B Before Market Open
US Avis (CAR)   1.22   1.86B 6.00B After Market Close
US Herbalife (HLF)   1.29   1.57B 5.96B After Market Close
UK Bank Ireland (BIRG)   --   -- 5.02B Before Market Open
US Nikola (NKLA)   -0.3011   16.67K 4.42B --
US Corsair (CRSR)   0.3872   475.23M 2.67B Before Market Open
Wednesday, August 4, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
UK Toyota Motor (TYT)   236.72   7.45T 28.11T --
US Booking (BKNG)   -2.04   1.89B 89.12B After Market Close
US General Motors (GM)   1.69   29.92B 82.73B Before Market Open
US Uber Tech (UBER)   -0.5417   3.74B 81.40B After Market Close
US Roku (ROKU)   0.122   618.82M 55.79B After Market Close
US MetLife (MET)   1.68   15.84B 50.63B After Market Close
US MGM (MGM)   -0.3807   2.16B 18.33B After Market Close
US AMC Entertainment (AMC)   -0.9574   367.46M 17.67B --
Thursday, August 5, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Moderna (MRNA)   5.96   4.21B 139.17B --
UK Deutsche Post (0H3Q)   0.95   18.42B 70.55B Before Market Open
UK Bayer (0P6S)   1.54   10.15B 49.67B Before Market Open
US Monster Beverage (MNST)   0.678   1.39B 49.35B After Market Close
US Zynga (ZNGA)   0.0915   715.88M 10.95B After Market Close



Dividends: The following stocks will be paying dividends over this week.


Thursday, August 5, 2021 Stock Ex Div Date Dividend Type Yield
US Intel (INTC) 5-Aug-21 0.3475 Quarterly 2.59%
UK Lloyds Banking (LLOY) 5-Aug-21 0.67 12 months trailing 1.47%
UK Reckitt Benckiser (RKT) 5-Aug-21 174.6 12 months trailing 3.16%
UK Relx (REL) 5-Aug-21 47.7 12 months trailing 2.26%
UK Rentokil (RTO) 5-Aug-21 7.5 12 months trailing 1.32%
UK Unilever (ULVR) 5-Aug-21 149.09 12 months trailing 3.59%
US Wells Fargo&Co (WFC) 5-Aug-21 0.2 Quarterly 1.74%
Friday, August 6, 2021 Stock Ex Div Date Dividend Type Yield
US Apple (AAPL) 6-Aug-21 0.22 Quarterly 0.60%


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