Market participants may be on alert for comments from key figures in the U.S.

Market participants may be on alert for comments from key figures in the U.S.

02.06.2021

Yesterday, the U.S. stock market saw very little movement following the long weekend, with the Dow Jones Industrial Average closing at $34,575, extending its gains.The day saw flat stock prices, rising crude oil prices, and falling interest rates. European markets rebounded, with the Euro Stoxx 50 closing at 4,071, up 0.8% from the previous day. The Eurozone’s May consumer price index (year-on-year), released yesterday, came in at 2.0%, exceeding market expectations. This marks the first time the index has reached 2% since October 2018, a development that was well-received by the market.

In Europe and the United States, where vaccination rates are rising, various currencies are strengthening against the yen amid both inflation concerns and expectations of an economic recovery, resulting in a broadly weak yen trend. The USD/JPY pair, which fell during U.S. trading hours yesterday, has recovered steadily during today’s Asian trading session. It is currently trading around 109.73, having surpassed yesterday’s high.

Today, during European trading hours, German retail sales will be released at 15:00, followed by the French budget balance at 15:45,at 17:30 UK mortgage approvals, UK consumer credit balances, UK mortgage lending, and UK money supply; at 18:00 the Eurozone Producer Price Index; at 20:00 the US MBA Mortgage Applications Index; and once US trading hours begin, at 21:30 Canadian housing starts,at 24:45, remarks by Bundesbank President Weidmann; at 25:00, remarks by U.S. Federal Reserve Bank of Philadelphia President Harker; at 27:00, remarks by U.S. Federal Reserve Bank of Atlanta President Bostic, U.S. Federal Reserve Bank of Chicago President Evans, and U.S. Federal Reserve Bank of Dallas President Kaplan.We will carefully assess whether today’s Beige Book will clarify the relative strength of the U.S. dollar and European currencies.

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