Market Update 21/09/2021

September 21, 2021


Since we last spoke about the most traded pair globally, we have seen it fall over 100 pips to testing the psychological support around the 1.1700 price level. Continuing the downward trend, we have seen since the beginning of the trading month. This is mainly due to US Dollar strength. The 1.1900 figure remains as our strong resistance. Our strong support level can be found around the 1.1660 - 1.1670 range which was last visited on the 19th – 20th of August, could we now possibly see a double bottom forming before the pair bounces back?



5 Hour Currency Heatmap

The 5-hour currency Heatmap illustrates the strength of the New Zealand Dollar and the Swiss Franc against all other major currencies. The Japanese Yen is showing the most weakness against the other pairs in the recent days.



After failing to break out to the upside from the range, Gold has once again fallen to test the support at the $1742 level twice, after failing to break lower the pair is steadily gaining ground moving back up towards the $1795 resistance. The key psychological level for Gold, is still around the $1800-$1795 area. The $1740 price level serves as our new 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 back to the previous highs. Will we see gold at $1900 in Q4?



*Source Calculator


This downward trend in the volatility has finally been broken with the increase in the volatility of the precious metal towards the end of the last trading week. Can we now continue with this trend this trading week?


Stocks to Watch

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

Tuesday, September 21, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Adobe (ADBE)   3.01   3.9B 305.51B --
US Aurora Cannabis (ACB)   -0.2194   46.99M 1.21B After Market Close
UK Dignity PLC (DTY)   --   -- 371.71M Before Market Open
US FedEx (FDX)   4.94   21.9B 66.76B After Market Close
Wednesday, September 22, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Bed Bath&Beyond (BBBY)   0.5213   2.06B 2.45B --
US BlackBerry (BB)   -0.096   201.5M 7.51B --
UK Saga (SAGA)   --   -- 488.09M --
Thursday, September 23, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Costco (COST)   3.56   61.4B 199.44B After Market Close
US Nike (NKE)   1.12   12.46B 244.19B After Market Close
Friday, September 24, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
UK Carnival (CCL)   -1.45   535.29M 18.95B --


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

Thursday, September 23, 2021 Stock Ex Div Date Dividend Type Yield
UK Brooks Macdonald (BRK) 23-Sep 63 12 Month Trailing 2.60%
UK Hargreaves Lansdown (HRGV) 23-Sep 38.5 12 Month Trailing 2.70%
US McAfee (MCFE) 23-Sep 0.115 Quarterly 2.11%
US Medtronic (MDT) 23-Sep 0.63 Quarterly 1.94%
Friday, September 24, 2021 Stock Ex Div Date Dividend Type Yield
US General Electric (GE) 24-Sep 0.08 Quarterly 0.32%


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