Attention is likely to focus on remarks by the Bank of England governor and key Federal Reserve officials

Attention is likely to focus on remarks by the Bank of England governor and key Federal Reserve officials

11.05.2021

Yesterday, the three major U.S. stock indices all fell, with the S&P 500 closing at 4,188 points, down 1.04% from the previous day. The Dow Jones Industrial Average, which had recently hit a new high, fell for the first time in three trading days. Meanwhile, copper prices hit a record high, and aluminum prices are trading at their highest levels in three years.

In the foreign exchange market, the euro has been weakening, with the euro-dollar exchange rate falling to 1.212. The euro has also declined against the pound and the yen. However, as vaccination efforts in Europe—which had lagged behind those in the U.S.—are gradually gaining momentum, and with an economic recovery expected in Europe, investors should be cautious about excessive selling pressure.

Today’s schedule includes Turkey’s industrial production and current account balance at 4:00 PM, Germany’s ZEW Economic Sentiment Survey at 6:00 PM, the U.S. NFIB Small Business Optimism Index at 7:00 PM, the U.S. JOLTS Job Openings and Labor Turnover Survey at 11:00 PM, remarks by Bank of England Governor Bailey at 11:30 PM, and remarks by U.S. Federal Reserve Governor Williams:NY Fed President, at 1:00 AM: remarks by Fed Governor Brainard, at 2:00 AM: U.S. 3-year Treasury auction and remarks by U.S. San Francisco Fed President Daly, and at 2:15 AM: remarks by U.S. Atlanta Fed President Bostic. I intend to carefully monitor how currency strength shifts in response to today’s economic data releases and key speeches.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed