Attention may turn to the U.S. 5-year Treasury auction

Attention may turn to the U.S. 5-year Treasury auction

24.03.2021

Yesterday, the U.S. markets saw a risk-off sentiment characterized by falling stock prices, lower interest rates, and a weaker U.S. dollar. Gold recovered from its earlier decline and is now trading in a range around $1,730.

The foreign exchange market is showing a trend toward a stronger yen. European currencies have fallen notably, with the pound-yen exchange rate dropping from a temporary high of 152.5 to 148.9. This appears to be influenced by stagnant economic activity, driven by factors such as lower vaccination rates compared to the U.S. and the extension of lockdown deadlines in countries like Germany due to the spread of the virus.

Today, at 4:00 PM, the UK Consumer Price Index, Retail Price Index, and Producer Price Index, as well as the Turkish Consumer Confidence Index; at 5:15 PM, the French Manufacturing/Services PMI (flash estimates);at 5:30 PM, Germany’s Manufacturing/Services PMI (flash estimates); at 6:00 PM, the Eurozone’s Manufacturing/Services PMI (flash estimates); and at 6:30 PM, the UK’s Manufacturing/Services PMI (flash estimates).Additionally, in U.S. time, U.S. Durable Goods Orders are scheduled for 21:30, U.S. Manufacturing/Services PMI (flash estimates) for 22:45, testimony by Fed Chair Powell and Treasury Secretary Yellen at a congressional hearing for 23:00, U.S. weekly crude oil inventories for 23:30, and a U.S. 5-year Treasury auction for 26:00.Along with the stabilizing trend in U.S. long-term interest rates, we will also be watching the results of today’s U.S. 5-year Treasury auction.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?