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Futures News, October 27th. Economies.com analysts latest analysis: Brent crude oil futures closed higher last trading day, attempting to break through the current resistance level of $65.55, the target price projected in previous analysis. Price action is supported by dynamic support above the 50-day exponential moving average (EMA50), and is operating within a strong short-term bullish corrective trend. Notably, the Relative Strength Index (RSI) has reached excessively oversold territory relative to price action, suggesting a strong possibility of a bottoming divergence, which could strengthen bullish momentum in subsequent trading.On October 27th, Citigroup released a report stating that Anta (02020.HK) plans to release its third-quarter retail sales data after the market close on October 27th. The bank expects FILAs third-quarter retail sales growth to slow to low-single digits, compared to a mid-single digit increase in the second quarter, while Antas brand retail sales will achieve low-single digit growth in the third quarter, flat with the second quarter. The bank stated that due to Antas relatively weak stock price since mid-September, it believes the stock price has reflected two factors. First, given the challenging fourth-quarter outlook, Antas full-year retail sales guidance for 2025 may be lowered. The bank has initiated a 30-day short-term positive outlook for Anta, suggesting that the release of its third-quarter results may provide a better buying opportunity. The target price is HK$111.6 and the rating is "Buy."Toyota: The number of vehicles exported from Japan to the United States in September increased by 49% year-on-year to 58,430 units.Toyota: Global production in September increased by 9.1% year-on-year to 1 million vehicles.On October 27, according to Mark Gurmans latest revelation, Apple is planning to integrate an advertising "feature" into Apple Maps. This means that Apple may soon allow companies to pay to obtain featured advertising spots at the top of users search query results. Gurman said that Apple has been brewing this idea for several years and may embed advertisements in the Apple Maps app as early as next year. Apples advertising interface will be better than "the interface provided by Google and other companies in their map services," but he did not disclose specific details. In addition, he also mentioned that Apple will use AI to keep search results relevant and useful.

What currencies should I choose to trade?

LEO

Oct 25, 2021 13:27

There are a wide variety of FOREX currency pairs. To engage in FOREX trading, investors generally choose to start with major currency pairs. Major currency pairs refer to those involving the US dollar. The most popular currency pairs are EUR/USD, USD/JPY, etc.

This is because the countries represented by the currency pairs have great international influences and high trading volumes. The currencies are highly liquid in the market and have dramatic volatility. There are frequent major economic news and data releases (for example: NFP, inflation rate, and central bank policy) for investors to analyse currency trends. Therefore, it will be relatively simple for investors to start with these currency pairs.