Market Update 14/09/2021
The EUR/USD has lost short term upward momentum after retesting the 1.19000 handle. This is mainly due to US Dollar bouncing back from the weakness previously experienced. The focus for this week will be on what the ECB President Lagarde says during her speech, as many traders tend to listen for any hints on the future of the monetary policy and interest rate shifts, this may cause a small, short-term trends either to the up or down side. With the next level of resistance still standing at the 1.1900 handle. Our support level can be found around the 1.1660 - 1.1670 range which was last visited on the 19th – 20th of August, can the pair reach down to the support, or will it continue to attempt to break out on the upside?
Daily Currency Heatmap
On the daily currency Heatmap illustrates the strength of the Canadian Dollar against all other major currencies. The Euro is showing the most weakness against the other pairs in the recent days.
Gold has once again tested the key level of resistance is the $1832 level, although it was unable to breakout. Since then, the precious metal has fallen back in to the $1814- $1785 range last seen in July of 2021. We have also seen the precious metal break the $1800 key psychological level for Gold, which is now trading at $1786.70. The $1775 area serves as our short-term support. The key level of resistance continues to be at the $1832 level; a break of this may see gold rise in the longer term. In the short term will gold retest the $1775 level, before trying to move higher?
*Source Investing.com Calculator
This downward trend in the volatility has continued since August although. Will there be a likely change in this trend in the short term?
Stocks to Watch
Earnings: Below are the stocks to monitor for the rest of the week will announce their earnings.
|Monday, September 13, 2021||Stock||EPS Forecast||Revenue Forecast||Market Cap||Time|
|US||Oracle (ORCL)||0.9716||9.76B||248.18B||After Market Close|
|UK||Hilton Food (HFG)||--||1,177M||903.84M||--|
|US||Matrix (MTRX)||-0.025||177.17M||292.56M||After Market Close|
|Tuesday, September 14, 2021||Stock||EPS Forecast||Revenue Forecast||Market Cap||Time|
|UK||JD Sports Fashion (JD)||-3.35||2,327M||10.82B||Before Market Open|
|US||IBEX (IBEX)||0.1607||111.32M||325.16M||After Market Close|
|Wednesday, September 15, 2021||Stock||EPS Forecast||Revenue Forecast||Market Cap||Time|
|UK||Hilton Food (HFG)||--||--||903.84M||--|
|US||Weber (WEBR)||0.2653||669.23M||777.49M||Before Market Open|
|UK||Tullow Oil (TLW)||0.04||719.50M||623.75M||--|
|Thursday, September 16, 2021||Stock||EPS Forecast||Revenue Forecast||Market Cap||Time|
|UK||Ashtead Group (AHT)||0.514||1.29B||26.01B||--|
|UK||IG Group (IGG)||--||--||3.65B||--|
|UK||City Of London IT (CTY)||--||--||1.75B||Before Market Open|
|Friday, September 17, 2021||Stock||EPS Forecast||Revenue Forecast||Market Cap||Time|
|US||Manchester United (MANU)||-0.15||104.47M||2.85B||Before Market Open|
Dividends: The following stocks will be paying dividends over this week.
|Tuesday, September 14, 2021||Stock||Ex Div Date||Dividend||Type||Yield|
|US||Domino’s Pizza Inc (DPZ)||14-Sep||0.94||Quarterly||0.74%|
|US||Macy’s Inc (M)||14-Sep||0.15||Quarterly||2.91%|
|Wednesday, September 15, 2021||Stock||Ex Div Date||Dividend||Type||Yield|
|US||Universal Display (OLED)||15-Sep||0.2||Quarterly||0.40%|
|US||Western Union (WU)||15-Sep||0.235||Quarterly||4.46%|
|Thursday, September 16, 2021||Stock||Ex Div Date||Dividend||Type||Yield|
|UK||888 Holdings (888)||16-Sep||11.4||12 Month Trailling||2.96%|
|UK||Cairn Homes (CRN)||16-Sep||2.28||12 Month Trailling||2.35%|
|US||Credit Suisse (CIK)||16-Sep||0.0225||1 Month||7.65%|
|UK||Old Mutual (OMU)||16-Sep||3.01||12 Month Trailling||3.82%|
|Friday, September 17, 2021||Stock||Ex Div Date||Dividend||Type||Yield|
|US||Aberdeen Global (FCO)||17-Sep||0.07||1 Month||9.63%|
|US||WhiteHorse Finance (WHF)||17-Sep||0.355||Quarterly||9.04%|