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[QUOTE="HFM, post: 200697, member: 32345"] [b]Date : 21st October 2021. Market Update – October 21 – Stocks & USD slip on big Earnings Day.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [LIST] [*]USD ([B]USDIndex 93.55[/B]) cools a tad and again tests 2-week low ([B]93.47[/B]) [B]Yields[/B] stronger again, [B]Equities[/B] closed up, but FUTS are down ([B]Nikkei[/B] [B]-2%[/B] on stronger YEN and Yuan). Big day for Earnings – [B]TESLA[/B] beat but revenue numbers disappointed some. [B]Oil[/B] up on drawdown. [*][B]Evergrande[/B] – Bad News $1.7bn sale of 51% of HK unit to Hopson OFF, $1.7bn sale of HK HQ OFF, $83.5m coupon default triggers tomorrow. Good News $260m bond coupon, extended by 3 mths [*][B]US Yields[/B] (10yr closed higher at [B]1.63[/B]) & – now [B]1.6533%[/B] [*][B]Equities [/B]moved ground higher [B]USA500[/B] +16 (+0.74%) at [B]4536 [/B]([B]NASDAQ –[/B]0.05%) – Big movers – Verizon +2.41% & ABBT +3.3% (PayPal – 4.91%) – USA500.F back to [B]4500.[/B] Asian equities weaker. New VIX contract at +1.49% at [B]19.60[/B] [*][B]USOil[/B] up on drawdown n strong demand at [B]$82.00[/B] after EIA inventories showed -400K vs build of 2.1m [*][B]Gold[/B] holds at 4-day highs – [B]$1785[/B] [*][B]FX markets – a recovering USD [/B]– [B]EURUSD[/B] [B]1.1646, Cable[/B] down from 1.3830+ to [B]1.3800[/B], & [B]USDJPY[/B] – off 4-year highs and pivots at [B]114.00[/B]. [/LIST] [B]European Open[/B] The December 10-year Bund future is down -16 ticks, US futures are also in the red. DAX and FTSE 100 futures are both down -0.45 and US futures are also in the red, with the NASDAQ underperforming again, after already closing slightly lower yesterday. Indices remain at high levels, but tapering concerns, the global energy rout and supply chain concerns are capping the outlook for global growth. Markets will continue to watch earnings reports and central bank comments, especially in the UK where officials clearly are laying the ground for an early lift off. Meanwhile the announcement of [B]Weidmann’s[/B] departure has raised hopes that the ECB will push even more to circumvent the no-bailout clause permanently – after the end of PEPP, which already helped BTPs to outperform yesterday. [B]Today [/B]– [B]US Initial Jobless Claims[/B], Philadelphia Fed Business Index, Existing Home Sales, EZ Consumer Confidence, EU Council Meeting, Fed’s Daly, Waller, RBA’s Lowe, [B]Earnings:[/B] [B]AT&T, Intel,[/B] American Airlines, Southwest Airlines, ABB, (bottleneck problems) Vivendi, Hermes, (beat) Pernod Ricard,(beat) Barclays, (Revenue big beat) Unilever (Sales miss). [URL='https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-21_10-40-28.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/10/2021-10-21_10-40-28.jpg[/IMG][/URL] [B]Biggest FX Mover[/B] @ (06:30 GMT) [B]AUDJPY (-0.50%) [/B] Rejection of [B]86.25[/B] this morning as Yen lifts after a very weak October. Faster MAs aligned lower, MACD signal line dips and & histogram slips significantly lower, RSI 40.00 off OS level, H1 ATR 0.189, Daily ATR 0.817. [b]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/b] Click [url=https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click [url=https://www.hotforex.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hotforex.com/][b]Click HERE to READ more Market news.[/b][/url] [b] Stuart Cowell Head Market Analyst HotForex Disclaimer:[/b] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
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