Market participants may be on alert for economic indicators scheduled for release during U.S. trading hours
04.06.2021
- Remarks by U.S. Federal Reserve Chair Powell
- U.S. Employment Report
Yesterday, the three major U.S. stock indices all fell, with the S&P 500 closing at 4,192, down 0.36% from the previous day.WTI crude oil fell slightly from yesterday’s high and is currently trading around $68.80. U.S. long-term bonds rose again and are now in the 1.623% range. Gold fell by about 400 pips yesterday and is currently in the $1,866 range.
In the foreign exchange market, the USD/JPY pair rose, touching the key level of 110.00. It is currently trading around 110.25. Today’s U.S. employment report is expected to show a strong figure of 674,000 new nonfarm payrolls, and depending on the results, the pair could rise further; therefore, it is advisable to avoid excessive contrarian trading.
Today, at 4:00 p.m. CET, we have remarks by New Zealand’s RBNZ Governor O’Hara and Switzerland’s SNB Governor Jordan; at 5:30 p.m. CET, the UK Construction PMI; at 6:00 p.m. CET, Eurozone retail sales;and at 8:00 PM, remarks by ECB President Lagarde and Fed Chair Powell are scheduled. Once U.S. trading hours begin, at 9:30 PM, Canadian and U.S. employment reports are due, followed by the Canadian Ivey PMI and U.S. factory orders at 11:00 PM, and remarks by U.S. President Biden at 11:15 PM.We will closely monitor price movements while paying close attention to today’s economic data releases.
Author: Keisuke Sakurai
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
