Sat. Oct 16th, 2021

Market news todayVirus developments and China’s regulatory edges remain the main issues for Asian markets. The Chinese Internet giants were under pressured and chip makers also struggled. Chinese authorities continue to try to gain more control of a wide range of industries. The nation suspicion of private equity funds of raising money to invest in the promotion of residential housing, which affects the real estate sector. At the same time, a partial shutdown related to the virus of a major Chinese port has raised concerns about the recurrence of last year’s disruptions in the shipping industry.

In Europe, The Gilts led yesterday’s rise in core yields, with 10 years in the UK closing 3 more basis points as GDP figures added to the sense that BoE will start phasing out the stimulus sooner rather than later. Peripheral actions in the euro area and bond markets remained strong yesterday. Some have pointed out that the wealth even in Bunds is not only driven by weekly shopping, which actually fell the week ending August 6, but also the level of assets that the ECB now has and that this may have lasting implications. Eurozone peripherals also clearly benefit from the system’s excess liquidity and the pursuit of returns.

In the foreign exchange markets, the EUR was higher than most coins, leaving EURUSD at 1.1736, GBPUSD is little changed to 1.3807 i USDJPY is at 110.49. GER30 i UK100 Meanwhile, futures do not change day and rise 0.1%, respectively, while US futures have shifted sideways overnight, after a slightly higher close on Wall Street yesterday. USOIL meanwhile, it is at $ 68.28 a barrel.

Today – Today’s data calendar is unlikely to shake the ship, but it includes eurozone trade data and some final inflation readings for July. In the United States, the Michigan index is simple.

Move – Gold rose until 1760 today, as risk aversion continues as China’s virus developments and regulatory reduction continue, but the adverse winds of the global recovery will keep central banks in generous mode for now. The faster MAs were aligned while momentum indicators such as RSI and MACD were flattened, suggesting that the concentration could run out of steam. H1 ATR 2.22, daily ATR 24.64.

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Andria Pichidi

Market analyst

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