Be cautious of position adjustments at month-end and year-end

Be cautious of position adjustments at month-end and year-end

31.03.2021

Yesterday, U.S. markets saw falling stock prices, rising interest rates, and a stronger U.S. dollar. The Dow Jones Industrial Average, which had recently hit a record high, closed at $33,066, down $104 from the previous day. The yield on the 10-year U.S. Treasury note rose as high as 1.77% at one point and is currently hovering around 1.73%.

In the foreign exchange market, the USD/JPY pair rose to 110.96, triggering stop-loss orders and causing a sharp surge. The Dollar Index also rose to 93.2, indicating an overall strengthening of the dollar.

Today, at 3:00 PM CET, the UK’s fourth-quarter GDP (final reading) and Nationwide house prices will be released; at 3:45 PM, France’s Consumer Price Index (flash estimate) and Producer Price Index will be released; at 4:00 PM, Turkey’s trade balance and economic confidence will be released; at 4:55 PM, Germany’sunemployment rate, and at 18:00, the Eurozone Consumer Price Index (flash estimate). Once U.S. trading hours begin, the U.S. ADP National Employment Report is scheduled for 21:15, Canada’s GDP for 21:30, U.S. Pending Home Sales for 23:00, and U.S. Weekly Crude Oil Inventories for 23:30.Additionally, although the exact time is undecided, U.S. President Biden is scheduled to announce plans for economic measures, including infrastructure rebuilding. With a flurry of economic data releases and key figures’ remarks on the horizon, we should remain cautious and closely monitor price movements on the final day of March.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 16.04.2026New

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

5. 15.04.2026New

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

6. 14.04.2026

   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

7. 13.04.2026

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

8. 10.04.2026

   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?

9. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran