Keep an eye on U.S. initial jobless claims

Keep an eye on U.S. initial jobless claims

03.06.2021

Yesterday, stock prices rose slightly in both European and U.S. markets, with the Nasdaq closing at 13,756, up 19.8 points from the previous day. WTI crude oil rose to the $69.3 range and is gaining momentum toward the $70 mark. Gold appears to be forming a chart pattern suggesting a corrective decline from the $1,916 high reached the day before yesterday.

In the foreign exchange market, cross-yen pairs are trading within a very narrow range, with no clear direction evident in any currency pair. The EUR/JPY, which fell during yesterday’s European session, has been trending higher during today’s Asian session and is currently trading around 133.88. The EUR/GBP, another European currency pair, is also trading sideways around the 0.858–0.867 range, with price action seeking direction.

Today’s key economic indicators include Turkey’s Consumer Price Index and Producer Price Index at 4:00 PM, and the U.S. Challenger Job Cuts Report at 8:30 PM. The European Services PMI is scheduled for release between 4:50 PM and 5:30 PM, but as this is a final reading, its impact is likely to be limited.As U.S. trading hours begin, the U.S. ADP National Employment Report is scheduled for 9:15 PM, followed by U.S. Initial Jobless Claims and the U.S. Q1 Nonfarm Productivity (final reading) at 9:30 PM,the U.S. ISM Non-Manufacturing Index at 11:00 PM, U.S. weekly crude oil inventories at midnight, remarks by Bank of England Governor Bailey at 1:00 AM, and remarks by Atlanta Fed President Bostic at 1:30 AM. We will monitor price movements while keeping a close eye on U.S. interest rate trends amid inflation concerns.

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