Market Update 11/08/2021

August 11, 2021


Following the NFP results, there has been a lot of US dollar strength across the FX markets affecting most pairs including the EURUSD. We have seen the EURUSD pair break the 1.1795 support trading downwards as low as the 1.1710 to 1.1700 range, this area is a level of strong support. A break in the 1.1700 may see the pair moving lower in the long term. Our strong resistance is still the 1.1900 handle. If we see the 1.1900 broken the pair should start to gain some upwards momentum and move towards the 1.1960 level.



Daily Currency Heatmap

On the Daily currency Heatmap we can see that the New Zealand Dollar weakness. The US Dollar is showing the most strength against the other pairs in the recent days, continued after the NFP announcement on Friday.



Last week following the NFP results we saw a sharp decline in the price of the precious metal vs the US Dollar, gold reached the lower boundary of the boundary of the range it was trading within, swiftly breaking the $1795 & $1750 support levels before crashing after the weekend trading as low as $1682.20. Gold is currently trading around the $1737 price level. The $1682 area serves as our short-term support. The key level of resistance is the $1792 level; a break of this may see gold rise to the $1800 price level. In the short term will gold trade down towards the $1680 level, before starting its recovery?


*Source Calculator

In the above table we can see that last week as expected we saw a change in the downward trend with an increase in the gold volatility against the US dollar, pushing past the June highs. After Friday’s NFP results we saw gold “mini crash”, This increase in volatility may most likely continue in the short term as the market settles down.

Stocks to Watch

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

Wednesday, August 11, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US eBay (EBAY)   0.9591   3B 45.86B After Market Close
US EON SE (EONGY)   0.1216   16.42B 32.5B Before Market Open
US Lenovo Group (LNVGF)   0.0299   15.99B 11.58B --
US Aspen (AZPN)   1.47   208.14M 9.89B Before Market Open
US Avast (AVASF)   --   -- 8.12B Before Market Open
US Johnson Matthey (JMPLY)   --   -- 8.01B --
US Bumble (BMBL)   -0.0013   178.07M 5.59B After Market Close
US Riot Blockchain (RIOT)   0.0661   30.95M 3.63B --
US Blink Charging (BLNK)   -0.162   2.58M 1.55B After Market Close
US Lordstown Motors (RIDE)   -0.4633   0.00 1.03B Before Market Open
Thursday, August 12, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Walt Disney (DIS)   0.5454   16.76B 321.72B After Market Close
US Airbnb (ABNB)   -0.3606   1.26B 90B After Market Close
UK Deutsche Telekom AG (0MPH)   0.3421   26.18B 84.81B Before Market Open
US Baidu (BIDU)   13.18   30.99B 58.54B Before Market Open
US Palantir (PLTR)   0.0345   359.82M 43.09B Before Market Open
US Xpeng (XPEV)   -1.2   3.39B 36.06B --
UK Aviva (AV)   26.56   24,375M 15.83B Before Market Open
US SoFi Technologies (SOFI)   -0.045   231M 13.44B After Market Close
CAD Altus Group (AIF)   0.6634   175.28M 2.49B After Market Close
Friday, August 13, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US FUJIFILM Holdings Corp (FUJIY)   0.5928   5.03B 28.7B --
US CareMax (CMAX)   -0.04   114.54M 677.46M Before Market Open

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

Wednesday, August 11, 2021 Stock Ex Div Date Dividend Type Yield
US Provident (PROV) 11-Aug-21 0.14 Quarterly 3.28%
US Starbucks (SBUX) 11-Aug-21 0.45 Quarterly 1.53%
Thursday, August 12, 2021 Stock Ex Div Date Dividend Type Yield
UK AstraZeneca (AZN) 12-Aug-21 202.20 12 months trailing 2.47%
UK Barclays (BARC) 12-Aug-21 3.00 12 months trailing 1.63%
UK BP (BP) 12-Aug-21 14.82 12 months trailing 4.85%
UK Domino’s Pizza (DOM) 12-Aug-21 12.10 12 months trailing 2.88%
UK Evraz (EVRE) 12-Aug-21 75.39 12 months trailing 12.18%
US Exxon Mobil (XOM) 12-Aug-21 0.87 Quarterly 6.08%
UK Fresnillo (FRES) 12-Aug-21 23.81 12 months trailing 3.04%
UK NatWest Group (NWG) 12-Aug-21 6.00 12 months trailing 2.77%
UK Next (NXT) 12-Aug-21 110.00 12 months trailing -
UK Pearson (PSON) 12-Aug-21 19.80 12 months trailing 2.49%
US Visa A (V) 12-Aug-21 0.32 Quarterly 0.53%
US Walmart (WMT) 12-Aug-21 0.55 Quarterly 1.51%
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