- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: GT

THE GOODYEAR TIRE & RUBBER CO. - Dollar Eases As Inflation Slows - 08/12/2021 (GMT)

  • Who voted?
  • 253
  • 0
  • Chart + Price target(s)

  • Target : Upper
  • |
  • Target 1 : 18,85
  • |
  • Target 2 : 20,3
  • |
  • Target 3 : 24
  • |
  • Invalidation threshold : 14,7

  • Timeframe : 8H

Are you looking for opportunities in American stocks?

Only Londinia subscribers can view the key levels of this analysis. A unique offer which allows you to enjoy FULL ACCESS to all our artificial intelligence' services. Discover Londinia...

Dollar eases as inflation slows. As US stocks closed mixed again on Wednesday, with Dow (+0.62%) and S&P (+0.25%) reached record high and Nasdaq (-0.16%) edged lower; Dollar index (DXY) eased off the 93 handle after report showed that July inflation slows from 0.9% to 0.5% and core slowed from 0.9% to 0.3% as year on year figure slowed from 4.5% to 4.3%. The new dynamics changed Fed’s tapering sentiments, sending the 10Y benchmark to as low as 1.30% before settling around 1.34%.

In the commodities market, early sell off in crude futures was offset as news hit the wires that the Biden administration would not meddle in OPEC+ territories. The black gold closed with a bullish hammer around $69.25/bl. On another note, gold received renewed demand after the inflation report, settling above $1,751/oz as New York closed.

In the FX space, demand for King Dollar eased further in the short term, though remains elevated in the medium and long term. Sentiments in the short to medium term are on obvious improvement as Swiss and Yen remain on offer. Short term traders returned to bidding Sterling and Euro as demand for Loonie and Dollar eased.


Demand picked-up as the economy re-opens. It doesn’t always have to be hyped or trendy to build a portfolio. Sometimes all it takes is a simple and decent business that is hard to be replaced, like a tire business. Goodyear is a household name and recently reported quarterly earnings of 32 cents a share, beating estimates of 18 cents. The surprise was not a surprise as demand for tires picked-up when the economy reopened post covid. The company has consistently increased its dividends since 2015 until covid hit in 2020. Eight analysts that cover the stock see an average price of $19.90 in the next 12 months, with a high of $24.00 and a low of $12.00


This article is for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities. Opinions expressed are of the authors and not necessarily of MFM Securities Limited or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
This member declared having a buying position on this financial instrument or a related financial instrument.

About author


Overall rating :
Number of analyses :
Followers :

Add a comment

no pic


0 comments on the analysis THE GOODYEAR TIRE & RUBBER CO. - 8H