All eyes are on U.S. President Biden’s press conference

All eyes are on U.S. President Biden’s press conference

25.03.2021

Yesterday, stock prices fell in both European and U.S. markets, leading to lower stock prices, a weaker U.S. dollar, and higher interest rates. Additionally, following the announcement that Bitcoin could be used to purchase Tesla vehicles, BTC rose temporarily but ultimately fell back to the 5.6 million yen range.

In the foreign exchange market, the euro-dollar pair, which had fallen to around the 200-day simple moving average (SMA) on the daily chart, is rebounding near 1.182. This appears to be influenced by yesterday’s manufacturing PMI reading of 62.4, which was stronger than expected. However, given concerns about a resurgence of infections—including those caused by COVID-19 variants—we should closely monitor the market for any turning points in currency dynamics.

Today’s schedule includes remarks by Bank of England Governor Bailey at 4:00 PM, the Swiss National Bank’s (SNB) policy rate decision and statement at 5:30 PM, the ECB’s monthly report, remarks by ECB President Lagarde, and remarks by Bundesbank President Weidmann at 6:00 PM. At 9:30 PM, U.S. initial jobless claims and personal consumption data are scheduled,and at 11:30 PM, U.S. weekly natural gas inventories and remarks by New York Fed President Williams. Additionally, President Biden’s first press conference since taking office is scheduled, though the exact time has not yet been determined. We will be watching closely to see what views he expresses regarding the current state of the COVID-19 pandemic.

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?