With tomorrow’s U.S. jobs report on the horizon, all eyes are on the U.S. dollar
06.05.2021
- Remarks by Bank of England Governor Bailey
- Remarks by ECB President Lagarde
Yesterday, U.S. stock prices rose, resulting in a market environment characterized by higher stock prices, a flat U.S. dollar, and lower interest rates. European markets also rose, with France’s CAC 40 reaching its highest level since 2000. The U.S. 10-year Treasury yield fell slightly and is currently around 1.58%. Gold is trading in the $1,790 range, near the upper end of its trading range.
In the foreign exchange market, among the yen crosses, USD/JPY and GBP/JPY are trending slightly higher, with USD/JPY currently trading around 109.4 and GBP/JPY around 151.9. Conversely, EUR/JPY is trending lower, trading around 131.2. EUR/USD is finding support at the 200-period EMA on the 4-hour chart, and the market is now testing whether the decline will halt around the 1.19 level.
Today’s schedule includes the ECB’s monthly report at 5:00 PM, the UK Services PMI (final reading) at 5:30 PM, Eurozone retail sales and remarks by RBA Governor Debelle at 6:00 PM, the BOE and TCMB policy rate announcements at 8:00 PM, remarks by ECB President Lagarde at 8:15 PM,a press conference by UK BOE Governor Bailey at 8:30 PM, U.S. initial jobless claims and Q1 nonfarm productivity (flash estimate) at 9:30 PM, remarks by U.S. NY Fed President Williams at 10:00 PM, and remarks by U.S. Atlanta Fed President Bostic at 2:00 AM.With tomorrow’s U.S. jobs report on the horizon, we’ll be watching to see if currency strength and weakness shift.
Past Market Reports
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
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?
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
07.04.2026
Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran
06.04.2026
Investors should be wary of sudden spikes in volatility while major markets are closed
