A1 Trading Company

Ticker tape by TradingView

October 17, 2021

Forex Market Recap (10-15 October 2021)

Bart Kurek

We saw choppy and mixed price action last week as traders set aside pandemic concerns and eagerly anticipating fresh inflation data and more clues on potential policy changes from central banks. The GBP was a strong performer, finding support or rising speculation that the BoE is ready to hike rates soon.

USD:

  • Record 4.3M workers quit their jobs in August, led by food and retail industries
  • Policymakers said economy has healed enough to start tapering next month
  • Fed’s Bostic says inflation is elevated but not at the point where it would affect the Fed's stance on interest rates
  • Fed’s Bullard says bond purchases should be tapered quickly in case rate hikes are needed
  • Consumer prices rise more than expected as energy costs surge
  • Higher prices help to boost retail sales in September

EUR:

  • Italian industrial production down 0.2% vs projected 0.4% drop
  • ECB’s Knot warns investors of risks of higher inflation
  • French final CPI down another 0.2% as expected
  • ECB’s Centeno says inflation rise still seen as temporary

GBP:

  • BOE’s Saunders seen pushing for bigger-than-expected rate hike
  • Retail sales recovery slows further in September as consumer confidence wanes
  • Job vacancies reach 20-year high
  • Payrolls rise above pre-covid levels with record hiring

CAD:

  • Manufacturing sales rose 0.5% in August
  • Sales in the wholesale trade sector rose 0.3% in August to $70.3 billion

JPY:

  • Producer price index at 13-year high
  • Power prices hit 9-month highs amid global energy crunch

AUD:

  • Australia’s rising business confidence "reflects hope rather than reality"
  • RBA deems climate change “first order risk” to economy
  • Australia’s unemployment rate rose to 4.6% in September – and the labour market might not recover before 2022

NZD:

  • Card spending edges up as COVID-19 alert level changes
  • ANZ business confidence index down from -7.2 to -8.6

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Take Away From Powell's Remarks

Today, Fed chairman Jerome Powell spoke on the labor market and inflation. While we don't know what the future holds for the equities and currency market, we can derive certain conclusions from investors' interpretations. Here are some powerful takeaways from Powell's remarks this afternoon. Key takeaways Market Impact This caused the dollar and equities to […]

Read More
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram