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TESLA STOCKS END THE WEEK OVER 7% UP

  

Significant events to watch:

-USA (USD): U.S. Core Retails Sales

-UK (GBP): U.K. Consumer Price Index

-USA (USOIL): U.S. Initial Jobless Claims

USA (USD): U.S. Core Retail Sales MoM – Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD

The previous Actual data was 0.6% while the forecasted data is 0.4%. The report is due Tuesday, October 17, 2023, 18.00 GMT

UK (GBP): U.K. Consumer Price Index (CPI) YoY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The previous actual data stands at 6.7%. The forecasted data is 7.0%. The report is due

Wednesday, October 18, 2023, 11:30 GMT.

USA (USOIL): U.S. Initial Jobless Claims – Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

The previous actual data was 209K while for this month the forecasted data is 210K. The report is due Thursday, October 19, 2023, 18:00 GMT.

Risers and Fallers

Dow Jones (+1.23%)

Microsoft (+0.88%)

Apple (+1.24%)

Brent Oil (+3.32%)

Dow Jones Industrial Average has gained almost 1.23% over the last 5 days. The index has been at a standstill since the start of 2023, showing 1.61% appreciation rate YTD.

Microsoft saw no significant movement this week, registering only 0.88% gains. The stock is currently trading at 327 USD.

Apple spiked almost 1.24% last week. The stock has registered more than 40% gains year-til-date, demonstrating a notable increase rate this year.

Brent oil’s price jumped 3.32% in the previous week. The commodity is now trading at 90.76 USD.


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