Market caution over earnings reports from major U.S. companies

Market caution over earnings reports from major U.S. companies

13.10.2021

Yesterday, the three major U.S. stock indices all fell for the third consecutive day, with the Dow Jones Industrial Average—which saw the sharpest decline—closing at $34,378, down 0.34% from the previous day. With a series of earnings reports from major U.S. companies scheduled for this week, a wait-and-see attitude has taken hold. WTI crude oil, which had briefly hit a new high for the year, fell back and is currently trading around $80.90.

In the foreign exchange market, the previously firm Oceania currencies have paused during today’s Asian trading session, with the AUD/USD pair currently trading around 0.733. From a technical perspective, the AUD/USD pair has been forming higher lows on the daily chart and appears to be forming a double bottom; therefore, we need to carefully assess whether the Australian dollar, which had been regaining momentum, will continue to rise from here.

Today, at 3:00 PM, UK GDP, UK industrial production, and UK trade balance will be released; at 6:00 PM, Eurozone industrial production; at 8:00 PM, South African retail sales;at 9:30 PM: US Consumer Price Index; at 11:30 PM: Remarks by Bank of England Deputy Governor Kanrif; at 2:00 AM: US 30-year Treasury auction; at 3:00 AM: Release of the FOMC minutes (September); and at 3:30 AM: Remarks by Federal Reserve Governor Brainard.While remaining cautious regarding today’s U.S. earnings reports, we will closely monitor the strength and weakness of the Oceania currencies against the U.S. dollar.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed