A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

Target to take advantage of a holiday spending spree

Authored by ZanderVanDerMerwe
14.10.2021
0
2 min

Yesterday’s inflation data came out higher than expected as the monthly CPI rose to 0.4% with the year’s inflation back up to 5.4% from the slight descent that we got last month coming down to 5.3%. The result is that investors shifted to a risk on approach as the dollar weakened during the course of the day.

Yesterday’s movers

Stocks to watch 

Target Corporation (TGT)

As the US economy recovers with the unemployment rate on the decline and consumer spending on the rise a lot of e-commerce and retail vendors have started offering discounts in the leadup to Black Friday sooner than expected to try and stretch out holiday spending. 

Bank of America has stated that e-commerce remains a top growth industry, with traditional retailers like Target and Walmart making considerable leeway in their online support efforts to drive higher online sales.

The previous quarter’s earnings and revenue beat expectations, with considerable value in the retail sector in the leadup to Back Friday and holiday season shopping sprees more potential upside should be expected with the third-quarter earnings due in the latter part of November.

Technically the retail stock is gearing up for a change in trend as we got a break of the falling trend line as momentum starts to shift, a break of $240 should be the confirmation of the continuation of the rally.

Authored by ZanderVanDerMerwe
14.10.2021
0
2 min
TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets