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Forex Analysis for 23 October 2021


Forex fundamental analysis studies price movements and changes in the exchange rates in the macroeconomic aspect. This analysis is supposed to answer the main question of any trader: which currency pair is worth choosing to trade, particularly from the long-term prospect point of view. The biggest difference between fundamental forex analysis and technical forex analysis is that the first one is based on the following thesis: the prices on fx market are the reflection of supply & demand, which in their turn depend on the fundamental economy factors. Generally the aim of such analysis is to comprehend and estimate the overall state of the global economy as well as to analyze the economy of the country the financial instruments of which you plan to work with.

XAU/USD eyes $1801 as the next bullish target
XAU/USD eyes $1801 as the next bullish target

Gold price hits fresh five-day tops at $1795 amid risk-on mood, USD pullback. Listless US Treasury yields support gold price, as inflation risks loom. Gold: Sellers defend $1,800...

22 Oct 2021

European currency is strengthening against the US dollar today
European currency is strengthening against the US dollar today

Investors await the EU leaders’ summit where the situation on the energy market and the issue of the possibility of revising the rules of the European energy...

22 Oct 2021

Risk on as the wall of worry is climbed
Risk on as the wall of worry is climbed

The risk-on vibe continues to hit home, and the wall of worry is being climbed to the point where the Dow has made a new high, the S&P 500 is not far off. The VIX pushes...

21 Oct 2021

Evergrande jitters return, yen climbs, dollar steady
Evergrande jitters return, yen climbs, dollar steady

Equity markets were feeling the strain of a fresh panic about China’s heavily indebted property sector after troubled real estate giant - Evergrande - told investors that the sale...

21 Oct 2021

Tesla stuff, Squid Games
Tesla stuff, Squid Games

Haters hate, regulators regulate: don’t confuse the two. Duke University engineering and computer science professor Missy Cummings is set to become a new senior adviser...

20 Oct 2021

Oil Continues Rising
Oil Continues Rising

Early in another week of October, the oil market continues growing steadily and updating its highs. Brent is trading at $85.80 and doesn't seem to slow down. The key factor that...

19 Oct 2021

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Dollar slumps, stocks advance amid earnings optimism
Dollar slumps, stocks advance amid earnings optimism

Worries about soaring inflation, supply-chain chaos and slowing growth in China were put on the back burner on Tuesday according to XM.com as investors...

19 Oct 2021

Inflation and growth worries take heat off stocks rebound, dollar firms
Inflation and growth worries take heat off stocks rebound, dollar firms

China GDP misses estimates, New Zealand CPI surges, reviving stagflation fears; Stocks back in the red as doubts resurface but hopes on earnings keep optimism alive...

18 Oct 2021

Wall Street roars back, yen blasted as optimism returns
Wall Street roars back, yen blasted as optimism returns

Investors forgot about the mayhem in supply chains and energy markets on Thursday and instead increased their exposure to riskier plays, as a combination of encouraging...

15 Oct 2021

Stocks and gold recover as Fed path gets recalibrated
Stocks and gold recover as Fed path gets recalibrated

Investors are having second thoughts about the structure of the Fed’s rate hike cycle. The latest moves in the bond market suggest the FOMC will pull the hike trigger...

14 Oct 2021

Dollar turns to inflation data for more fuel
Dollar turns to inflation data for more fuel

The main event today will be the release of CPI inflation numbers from America, a few hours before the minutes of the latest Fed meeting. Both the headline and core...

13 Oct 2021

Pressure on markets is back. Yen sell-off is not a risk demand
Pressure on markets is back. Yen sell-off is not a risk demand

The Japanese yen has collapsed by more than 1% to 113.50 in the past 24 hours, the biggest intraday gain since November last year and sending the pair to its...

12 Oct 2021

Fed taper bets alive and well after NFP miss
Fed taper bets alive and well after NFP miss

The much anticipated jobs report on Friday raised a lot of question marks about how strong the momentum really is in the US labour market as nonfarm...

11 Oct 2021

Mixed start for European equities ahead of NFP
Mixed start for European equities ahead of NFP

Mixed start in Europe after another positive session on Wall Street as the US Senate approved raising the debt ceiling until December. Treasury yields are higher...

8 Oct 2021

Markets perk up ahead of NFP but dollar holds ground
Markets perk up ahead of NFP but dollar holds ground

Another rebound on Wall Street on Thursday set the tone for global equities on Friday as risk appetite recovered further after a tumultuous few days according to XM.com...

8 Oct 2021

Stock Futures Rise, Bitcoin Moves Higher
Stock Futures Rise, Bitcoin Moves Higher

US futures are up while European futures are down after the Biden administration offered a suspension of the debt limit, which had been causing volatility...

7 Oct 2021

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Stocks rebound as gloom eases, oil and dollar pull back
Stocks rebound as gloom eases, oil and dollar pull back

Markets were in a much more cheerful mood on Thursday as some of the gloom around a deepening global energy crisis, soaring inflation and never-ending supply disruptions...

7 Oct 2021

Crude oil cleared the way to $100
Crude oil cleared the way to $100

OPEC has not accepted calls to accelerate oil production quotas amid a rally in gas and coal prices in Europe and Asia, boosting oil prices. WTI prices renewed their...

6 Oct 2021

Stagflation fears hit sentiment as RBNZ hikes rates and oil jumps again
Stagflation fears hit sentiment as RBNZ hikes rates and oil jumps again

Global equities were back in the red on Wednesday as concerns about sluggish growth and higher inflation returned to haunt investors. The shift towards tighter...

6 Oct 2021

Energy risks plague stocks, oil joins the party
Energy risks plague stocks, oil joins the party

Oil rallies after OPEC does nothing, intensifying energy crisis - Stock markets take another hit, tech leading the way lower - Dollar awaits ISM services survey, kiwi looks to RBNZ rate hike...

5 Oct 2021

OPEC meeting in focus as energy crisis rages
OPEC meeting in focus as energy crisis rages

Global markets continue to grapple with a variety of risks, from supply chains being in disarray to an energy crisis that has engulfed Europe and Asia, simultaneously...

4 Oct 2021

Crude Oil in Wait For OPEC+ Decisions
Crude Oil in Wait For OPEC+ Decisions

Early in the first full week of October, the oil market has decent expectations while waiting for the next OPEC+ meeting. Brent is trading at $79.00 and will surely very actively...

4 Oct 2021

US Stocks: Ready, and just Steady
US Stocks: Ready, and just Steady

September confirmed its title as the worst month of the year for US equities. Seasonal patterns suggest a much more optimistic view of the market outlook for...

1 Oct 2021

Stagflation risks bite stocks, safe havens shine
Stagflation risks bite stocks, safe havens shine

Worsening supply chain disruptions and a raging energy crisis have joined forces lately to reawaken fears of a stagflationary blow to the global economy...

1 Oct 2021

King dollar reclaims throne, stocks stabilize
King dollar reclaims throne, stocks stabilize

The US dollar sliced through several crucial resistance barriers yesterday, reclaiming its throne as the king of the FX arena without any clear catalyst behind this powerful move...

30 Sep 2021

Wall Street calms down after sharp selloff
Wall Street calms down after sharp selloff

Stock markets continue to dance to the tune of rising bond yields. It is not so much the magnitude of the spike in yields but rather the speed of this move that has...

29 Sep 2021

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Brent Crude has cleared its way for $100
Brent Crude has cleared its way for $100

The Gas Armageddon doesn’t look likely to leave Europe anytime soon, with its effects trickling more and more clearly into related markets. Brent crude updated...

28 Sep 2021

Strong Durable goods orders are bullish for USD
Strong Durable goods orders are bullish for USD

US Durable goods orders notably exceeded expectations (+0.7% m/m), adding 1.8% in August after rising 0.5% a month earlier. The rise here is a signal of confidence of US...

28 Sep 2021

Yen and tech stocks bleed as yields march higher
Yen and tech stocks bleed as yields march higher

The specter of rising interest rates has returned to haunt financial markets. The Fed breathed some life back into Treasury yields last week after it opened...

28 Sep 2021

S&P 500 H4: Bulls are in the reign
S&P 500 H4: Bulls are in the reign

The S&P 500 on the H4 time frame was in a down trend until a lower bottom was reached on 20 September at 4306.5. After the lower bottom, bulls gathered...

27 Sep 2021


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