Market Update 12/10/2021

October 12, 2021


The Greenback continued to strengthen against the EUR during the last week, breaking through the support level of 1.6885 that marked the lower end of the range where the pair was trading despite of NFP numbers falling short of the expectations for the second consecutive month. It seems that the pair is stabilizing around the 1.1540 level for now. We keep the 1.1900 figure as our strong resistance, as per last week’s Market Update.



5 Hour Currency Heatmap

The 5-hour currency Heatmap illustrates the continued strength of the Canadian Dollar, Australian Dollar and New Zealand Dollar, with the latter showing to be the relatively the strongest against all other major currencies. The Japanese Yen is showing the most weakness against the other pairs in the recent days.




After testing the USD/oz 1,745 level during the last two weeks of September, Gold broke through the resistance reaching the lowest point since August just to bounce back above it to continue to trade within the 1,745 – 1,766 range. We keep consistent with our vision of the USD/oz 1,800 as a key psychological resistance level for Gold. The next key level of resistance continues to be at the USD/oz 1,832 level; a break of this may see gold rise in the longer term back.




*Source Calculator


The last two weeks have shown an increase in the volatility of the precious metal, which has consistently stayed above the level of 2,341 points. The uptrend seems to be losing momentum during the last week.


Stocks to Watch


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

Wednesday, October 13, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US JPMorgan (JPM)   3   29.86B 497.95B Before Market Open
US BlackRock (BLK)   9.6   4.82B 127.8B Before Market Open
US Infosys ADR (INFY)   0.1678   3.94B 93.92B Before Market Open
US Wipro ADR (WIT)   0.0699   2.6B 47.23B Before Market Open
US Delta Air Lines (DAL)   0.1614   8.41B 27.54B Before Market Open
UK Just Eat Takeaway (JETJ)   -   - 11.53B --
US 888 Holdings (888)   -   - 1.47B --
Thursday, October 14, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Taiwan Semiconductor (TSM)   1.04   14.84B 531.47B --
US Bank of America (BAC)   0.7075   21.65B 368.4B Before Market Open
US Wells Fargo&Co (WFC)   0.9953   18.22B 197.11B Before Market Open
US Morgan Stanley (MS)   1.69   13.93B 177.51B Before Market Open
US Citigroup (C)   1.74   17.06B 145.28B
US Domino’s Pizza (DOM)   -   - 13.01B --
Friday, October 15, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Honeywell (HON)   2   8.67B 148.64B --
US Goldman Sachs (GS)   10.11   11.72B 124B Before Market Open
US Truist Financial Corp (TFC)   1.09   5.52B 80.4B Before Market Open
UK Schroders (SDR)   -   - 8.97B --
UK Hargreaves Lansdown (HRGV)   -   - 6.92B --


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