Market Update 28/09/2021

September 28, 2021


With the US dollar increased strength, we have seen it continue the downward trend passing through the 1.1700 price level. This is mainly due to US Dollar strength. The 1.1900 figure remains as our strong resistance, although the question is when will the next time, we will see it tested? 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 continued strength of the New Zealand Dollar all other major currencies. The Japanese Yen and the Swiss Franc 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 a break of this level could see the value of the precious metal continue to fall. The key psychological resistance 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.




*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. The uptrend now continues.


Stocks to Watch


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


Monday, September 27, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
CAD Aurora Cannabis (ACB)   -0.2696   56.38M 1.6B After Market Close
Tuesday, September 28, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Micron (MU)   2.33   8.22B 84.63B --
UK Smiths Group (SMIN)   39.71   1,240M 5.41B Before Market Open
UK Hilton Food (HFG)   --   -- 966.29M --
Wednesday, September 29, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Cintas (CTAS)   2.75   1.88B 41.12B Before Market Open
UK Next (NXT)   37.38   1,349M 10.49B --
US Micro Focus (MCRO)   --   -- 1.4B --
Thursday, September 30, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
UK H&M B (0HBP)   2.4   56.87B 301.19B Before Market Open
US Paychex (PAYX)   0.8009   1.04B 39.22B Before Market Open
US McCormick & Co (MKC)   0.7251   1.54B 22.55B Before Market Open
US Jefferies Financial (JEF)   0.795   1.49B 9.35B After Market Close
UK Autogrill (0DHJ)   --   -- 2.69B --
US Bed Bath&Beyond (BBBY)   0.5213   2.06B 2.47B --


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

Tuesday, September 28, 2021 Stock Ex Div Date Dividend Type Yield
US Philip Morris (PM) 28-Sep 1.25 Quarterly 2.60%
Wednesday, September 29, 2021 Stock Ex Div Date Dividend Type Yield
US Amdocs (DOX) 29-Sep 0.36 Quarterly 1.87%
US Deere & Company (DE) 29-Sep 1.05 Quarterly 1.20%
US First Bancorp (FBNC) 29-Sep 0.2 Quarterly 1.89%
UK Toyota Motor (TYT) 29-Sep 235 12 Month Trailing 2.80%
US Xerox (XRX) 29-Sep 0.25 Quarterly 4.77%
Thursday, September 30, 2021 Stock Ex Div Date Dividend Type Yield
UK Barratt Developments (BDEV) 30-Sep 29.4 12 Month Trailing 4.31%
UK British American Tobacco (BATS) 30-Sep 214.3 12 Month Trailing 8.06%
US Micron (MU) 30-Sep 0.1 Quarterly 0.54%
US Oregon (ORBN) 30-Sep 2.08 12 Month Trailing 4.62%
US Rightmove Plc (RTMVY) 30-Sep 0.210429 12 Month Trailing 1.07%
UK Smith & Nephew (SN) 30-Sep 26.95 12 Month Trailing 2.02%
Friday, October 1, 2021 Stock Ex Div Date Dividend Type Yield
US Axis Capital (AXS) 0-Jan 0.42 Quarterly 3.73%
US Werner (WERN) 0-Jan 0.12 Quarterly 1.04%
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