RO__NAGA’s Weekly Recap | 10 October – 14 October

🔥 This week has been decisive and has set the vector for the financial markets for the weeks ahead.

🤔 So what’s important?

✅ September inflation report data: CPI rises 8.2%

✅ Japan’s Yen weakens past lows last seen in 1998 as selling renews

✅ PepsiCo’s revenue for the quarter was up 9%

But that’s not all!❌

⚡ Learn more about the most important economic news and events of the week in our recap right now! U.S. annual CPI inflation declines to 8.2% in September vs. 8.1% expected

The US Bureau of Labour Statistics has reported that annual CPI inflation declines to 8.2% in September vs. 8.1% expected. This is one of the most important indicators of consumer inflation, which the Fed is focused on in its monetary policy.

What should the traders expect?

As inflation continued to rise, the U.S. dollar got a reason for another rally. At the same time, the U.S. stock market came under pressure.

Read MoreWTI stays defensive above $86.00 despite supply crunch fears

Saudi Arabia defends OPEC+ supply cuts, and Druzhba pipeline leak recall gas flow interruptions to Germany. These events led to tensions in the oil market, and many analysts saw the preconditions for a decline in the price of Brent and WTI.

Nevertheless, the price of WTI remains above $86. Brent is also holding on to its local highs, not subject to news pressure.

Trade $OILJapan’s Yen weakens past lows last seen in 1998 as selling renews

The yen has fallen to its lowest level in more than 30 years in the aftermath of Thursday’s hotter-than-expected US inflation report, before reversing the move in a whiplash trade that raised market chatter of potential intervention.

The Japanese currency fell to 147.67 per dollar, the weakest since August 1990, before bouncing back in choppy trading.

Even at that level, the yen is still trading weaker than the low last month that prompted Japan to spend nearly $20 billion in its first intervention to support the currency in more than two decades. Strategists have said authorities won’t necessarily have a line in the sand on which they’ll intervene again and are likely focusing on the speed of declines.

Trade $USDJPYPepsiCo’s revenue for the quarter was up 9%

PepsiCo’s revenue for the quarter was up 9% ➡️ the company’s shares gained 4% following the report

For the 3Q, PepsiCo’s revenue rose 9% from a year ago to $21.97 billion, topping Wall Street expectations. The increase came despite volume declines in some of the company’s units.

For 2022, the company now projects organic revenue growth of 12%, up from 10%. It expects core constant currency earnings per share growth of 10%, up from 8%.

Investors have seen this as a signal of further growth in the shares of the food giant.

Trade $PEP

What’s up next week?Have a great weekend and see you next week!