Should we be wary of price movements during European trading hours?

Should we be wary of price movements during European trading hours?

06.04.2021

Yesterday, European markets were closed for a holiday, while U.S. markets saw rising stock prices, a weaker U.S. dollar, and lower interest rates. With all three major stock indices rising, the Dow Jones Industrial Average and the S&P 500 hit new record highs. Crude oil fell below the $60 mark, dropping about 2.7% during U.S. trading hours yesterday and briefly dipping into the $57 range, but is currently trading around $59.4.Gold rose and is trading in the $1,730 range.

In the foreign exchange market, the USD/JPY pair fell to 109.9 during U.S. trading hours yesterday amid a decline in U.S. long-term bond yields.It is currently trading around 110.3. Reports emerged that the U.S. investment firm Berkshire Hathaway has begun preparations to issue yen-denominated corporate bonds, but this appears to have had little impact on cross-yen pairs. Incidentally, the maturities of the corporate bonds Berkshire is considering are 5, 10, 15, and 20 years.

Today, the Eurozone unemployment rate is scheduled for release at 6:00 PM, followed by the U.S. JOLTS survey at 11:00 PM. As European traders return to the market following the long weekend, we should pay close attention to price movements during European trading hours. Additionally, with the IMF’s economic outlook and tomorrow’s release of the FOMC minutes on the horizon, we should carefully monitor the strength and weakness of various currencies.

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