Market Update 24/08/2021

August 24, 2021


As the markets seem to be settling down, we have seen the EURUSD pair break the 1.1700 support level, this break led the most traded pair to reach as low as the 1.1663 – 1.1670 range. Since then, it has recovered above the 1.1700 handle. Our support level can now be found at our most recent low 1.1663 – 1.1670 range, with our next resistance at the 1.1750 & 1.1805 a break of these 2 level to the upside may produce some momentum for the EUR/USD pair to move higher to the 1.1900 July highs.



Daily Currency Heatmap

On the Daily currency Heatmap we can see that the New Zealand Dollar, Australian Dollar and Canadian Dollar all gaining strength, with the first of the 3 being the strongest. The Swiss Franc is showing the most weakness against the other pairs in the recent days.




Since the NFP “mini crash” we have seen a recovery in the price of the precious metal vs the US Dollar, gold reached as low as $1681 before recovering above the $1800 price level. We could see $1800 as key psychological support for Gold, which is now trading at $1803.75. The $1795 area serves as our short-term support. The key level of resistance is the $1815 level; a break of this may see gold rise to the $1824 - $1832 price range. In the short term will gold retest the $1795 level, before trying to move higher?



*Source Calculator


In the above table we can see that after the sharp spike in the gold volatility after the NFP result, the price volatility is slowly returning to more normal levels. This downward trend in the volatility should continue 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.

Monday, August 23, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
UK Land Securities (LAND)   --   -- 5.27B --
US Riot Blockchain (RIOT)   0.0486   30.86M 3.43B After Market Close
Tuesday, August 24, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Best Buy (BBY)   1.89   11.49B 28.09B Before Market Open
UK Johnson Matthey (JMPLY)   --   -- 7.92B --
US Urban Outfitters (URBN)   0.7844   1.09B 3.8B After Market Close
US Grubhub Inc (GRUB)   0.27   561.83M 1.68B --
Wednesday, August 25, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US (CRM)   0.9216   6.24B 253.1B After Market Close
US Snowflake (SNOW)   -0.1475   256.13M 81.86B After Market Close
Thursday, August 26, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Dell Tech (DELL)   2.03   25.54B 77.01B After Market Close
US HP Inc (HPQ)   0.8376   15.87B 34.31B After Market Close
US Xpeng (XPEV)   -1.21   3.49B 33.96B Before Market Open
US Peloton Interactive (PTON)   -0.4432   923.52M 31.8B After Market Close
UK CRH (CRH)   --   10,873M 29.24B --
Friday, August 27, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
UK Lukoil (LKOH)   3   27.16B 55.43B --


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

Monday, August 23, 2021 Stock Ex Div Date Dividend Type Yield
US J&J (JNJ) 23-Aug 1.06 Quarterly 2.38%
US Prudential Financial (PRU) 23-Aug 1.15 Quarterly 4.46%
Wednesday, August 25, 2021 Stock Ex Div Date Dividend Type Yield
US Applied Materials (AMAT) 25-Aug 0.24 Quarterly 0.75%
Thursday, August 26, 2021 Stock Ex Div Date Dividend Type Yield
US Analog Devices (ADI) 26-Aug 0.69 Quarterly 1.66%
UK Aviva (AV) 26-Aug 14.35 12 months trailing 3.47%
UK Diageo (DGE) 26-Aug 72.55 12 months trailing 2.06%
UK Foxtons (FOXT) 26-Aug 0.18 12 months trailing 0.33%
UK Land Securities (LAND) 26-Aug 34 12 months trailing 4.78%
US NextEra Energy (NEE) 26-Aug 0.385 Quarterly 1.78%
UK Plus500 (PLUSP) 26-Aug 81.9 12 months trailing 5.39%
Friday, August 27, 2021 Stock Ex Div Date Dividend Type Yield
US Nike (NKE) 27-Aug 0.275 Quarterly 0.66%


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