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The U.S. dollar rose to its highest value in over 30 years relative to the Japanese yen. The greenback has been showing sustained strength, a development that could reduce demand for assets denominated in the currency, for example cryptocurrencies and stocks.

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Ford is expected to publish its Q3 2022 results on October 26, reporting on a quarter that likely saw the company’s deliveries pick up, although profitability could be weighed down by supply chain headwinds and cost pressures. The weekly price of Ford stock price is located near and above 200 SMA with the ranging within resistance level at 16 for the bullish trend to be continuing or support level at 11 for the bearish reversal to be started.
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Meta Platforms’ stock (NASDAQ: META) has lost 59% YTD, while the S&P500 is down 21% over the same period.

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Former Treasury Secretary Larry Summers says the unemployment rate must reach 6% to tamp down inflation, far from the 3.5% unemployment rate reported Friday.

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Procter & Gamble (NYSE: PG) stock price gained almost 50% from around $92 at 2018 end to $135 currently, primarily due to favorable changes in its revenues and P/S multiple.
The daily price was bounced from Fibo resistance level at 150 to below for primary bearish trend to be resumed: the price is breaking 131 support Fibo level to below for the primary bearish trend to be continuing.

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